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Over several decades now, Costa Rica has remained at the forefront of the Central American region: the country has been following an outward-growth strategy starting in the 1990s, has invested in education and steadily remained open to foreign investments to push its economic growth year by year, enabling several industry sectors to flourish amidst political stability and gradual trade liberalisation. Due to forward-thinking environmental policies, the country was further able to add a reputation as a sustainable and green nation to its profile: the renewable energy industry is one of the strongest markets in Costa Rica, while the agricultural and industrial sectors and tourism contribute to the country’s strong economic position in the region as well. But despite the solid growth, Costa Rica is still facing challenges in the form of a deteriorating fiscal situation, a problem that the current government under Luis Guillermo Solis is trying to address.
In 2016, the sophisticated legal market in Costa Rica saw two highly reputed firms merging: the former Batalla Abogados partnered up with tax boutique Aseores Fiscales Corporativos to form Batalla Salto Luna, which will increase competition not only between other strong domestic firms such as LLM Abogados, Sfera Legal and Zürcher, Odio & Raven, but which also creates a counterbalance in the corporate and tax sphere for dominant regional players such as Arias & Muñoz, BLP, Consortium Legal and Pacheco Coto. The regionalisation of firms continues to play a significant role in Central America and 2016 saw an increasing number of firms such as Gómez y Galindo – LatamLex and Expertis GHP Abogados expanding their visibility and impact in the market.
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BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
With the Legislative Decree 136/2016 which implements the “Enforcement” Directive (2014/67/UE) Italy strengthens the rights and protections afforded to workers posted between Member States and elsewhere relating to their terms of employment, remuneration and working conditions.
The World Bank Group has released Enabling the Business of Agriculture 2017. The report presents data on legal barriers for farmers, entrepreneurs and businesses operating in agriculture in 62 countries and across the topics of land, seed, fertilizer, machinery, water, livestock, finance, markets, transport, and information and communication technology (ICT). SyCipLaw's Rose Marie M. King-Dominguez , Alan C. Fontanosa , Franco Aristotle G. Larcina and Ruben P. Acebedo II contributed to the report.
gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the listing of the new bond on the SIX Swiss Exchange.
“Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration. “Endo” is layman’s term for end of employment contract. It is the date indicated on the employment contracts and is dreaded by employees as it means the end of his or her employment. Read more...
Antitrust laws, also referred to as “competition laws”, are statutes developed to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Competition laws regulate and prohibit several questionable business activities such as market allocation/ de facto monopoly whereby companies agree to steer clear of each other’s identified geographical market or territories; bid rigging whereby conspiring entities manipulate the market with a view of retaining current market share and price for each entity; and price fixing whereby two or three entities agree on the same selling price. Competition laws are designed to maximize consumer welfare by regulating or preventing business activities which stifle competition. Read more...
The latest legislative developments in the tobacco sector in Thailand are worrying the tobacco industry but also the food and beverage sectors as similar regulations may follow.
The present article deals with the violations by vendors of commercial products and services fined by the Qatar Ministry of Economy and Commerce during the preceding month.
RWS Holdings plc, a world leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, has completed the acquisition of 100% of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco, for a cash consideration of USD82.5m.
Head of VEGAS LEX PPP and Infrastructure practice Denis Shtirbu moderated the session on transport cooperation and logistics at The Moscow Times conference, Doing Business with China. New Horizons for Business Cooperation: Russia – China .
GRP Rainer Rechtsanwälte has once again received awards, this time for the year 2017, from Corporate INTL for best law firm in the fields of commercial law and tax law in Germany.
The members of a sisterhood may also fall within the ambit of the regulations pertaining to what is termed labour leasing or temporary employment. That was the verdict of the Court of Justice of the European Union (CJEU) in its ruling of November 17, 2016 (Az.: C-216/15).
Barcelona – Gonzalo Butori and Graziano Cecchetti, Partners at the newly opened Giambrone Barcelona office, attended the 4 th edition of the International Trade Fair of the Legal Profession held by the Barcelona Bar Association (ICAB) on February 16 th and 17 th .
America’s Federal Bureau of Investigation (FBI) announced its intention of pursuing organisations involved in binary options fraud across the globe. The FBI’s Complex Financial Crimes Unit will seek to draw on the relationships that it has forged with law enforcement agencies worldwide to pursue and bring down the fraudulent organisations that prey on innocent victims and leave a trail of destruction in their wake.
VEGAS LEX experts have discussed procedural specifics of supporting cartel damage disputes at a Pravo.ru conference on judicial practice in 2016 and important 2017 trends.
NautaDutilh assisted Raizen Fuels Finance S.A., as issuer on its USD 500 million 5.3% senior notes offering which successfully closed on 20th January. The issuer is part of the Brazilian Raizen group, the world largest individual producer of sugar cane. The Raizen group also operates a network of more than 5,800 Shell-branded stations in Brazil.
Goltsblat BLP , the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing , the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.
Seriously offending one’s work colleagues constitutes good cause justifying exceptional notice of dismissal with immediate effect. That was the verdict of the Landesarbeitsgericht (LAG) Rheinland-Pfalz [Regional Labour Court of Rhineland-Palatinate] (Az.: 4 Sa 350/15).
It is possible for the removal of a company from the commercial register to be instigated by the competent authorities due to a lack of assets. Those who wish to oppose such a move should act immediately.