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Legal market overview
March 2013 saw the first general elections to be held under Kenya’s new constitution which, contrary to the 2007 elections, passed largely without violence, prompting Kenya’s stock market to soar and law firms’ transactional workload to increase, particularly in relation to mergers and acquisitions.
The country’s reputation as East Africa’s largest and most advanced economy has attracted foreign investors over the years and, despite views that the September 2013 terrorist attack on Nairobi’s Westgate Mall might discourage tourism and also deter foreign investment, most observers do not see the incident as a long-term threat to Kenya’s economic prospects overall.
In addition to M&A, a number of large infrastructure projects are also keeping lawyers busy; the 2013 Public Private Partnerships Act has encouraged more PPP projects, which are gaining popularity across Kenya. In addition, the real estate sector continues to prosper, driven by development projects to meet the high demand for desirable residential property.
Anjarwalla & Khanna is the largest Kenyan law firm, and is part of Africa Legal Network (ALN), an alliance of independent African law firms. A number of other local firms thrive on alliances or strong links with international firms. The attorney general is in favour of allowing foreign law firms to operate in Kenya, and many local lawyers expect it will not be long before the law is amended to enable international firms to establish offices in the jurisdiction.
Legal Business: country analysis
Constructing continents – the clients and advisers targeting Africa’s booming infra market
With a huge infra deficit and investment flooding in, we assess the bellwether projects – and their advisers – defining Africa’s infrastructure market.
Click here to read the feature.
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Interim injunctions in Cyprus for the freezing of assets and disclosure of documents and informationThe availability of interim relief is often crucial in ensuring satisfaction of any final court judgment or arbitral award. An interim injunction can ensure that property is not alienated while a case is still pending. In other cases it can level the playing field if one party (or even non-party) is restricting access to information material to the case. The ability to apply for interim relief is a vital tool for any legal jurisdiction. Cyprus is no exception. Due to its popularity as a centre for company incorporation, its legal system must also cater for the large number of companies registered on the island. Its legal regime on injunctions must be an effective one.
A Community Trademark ( CTM ) is a trademark and/or a trademark application which has been filed via the Office for Harmonization in the Internal Market OHIM in order to be granted protection and have effect in the whole of the European Union.
In Cyprus,patients enjoy various rights under the Safeguarding and Protection of Patients' Rights Act of 2004,which is in force since April 2005. This Act establishes the rights of patients regarding health care, as well as the control mechanism for securing these rights.
A security interest over shares in a Cypriot company under Cyprus law is normally established by a share pledge agreement entered into between the registered shareholder of the said shares (the “Pledgor”) and the person in whose favour the security interest is taken (the “Pledgee”). All matters related to Cyprus Share Pledges are regulated by the provisions of the Cyprus Companies Law, Cap. 113, and the Cyprus Contracts Law, Cap. 149.
Cyprus implemented in its legal system the Alternative Investment Funds Law of 2014 (the “AIF Law”) in July 2014. The AIF Law replaces and repeals the International Collective Investment Schemes Law (the “ICIS Law”), which governed the international investment funds since 1999 in Cyprus.
The Civil Legal System in Cyprus: The Amendment of Order 30 of the Civil Procedure Rules and its ImpAlthough not verbatim embodied in the Civil Procedure Rules of Cyprus, the overriding objective of enabling the court to deal with cases justly and at proportionate cost (Civil Procedure Rules of England and Wales, Part 1.1, implementing the Jackson Reforms on 1/4/2013) is a founding doctrine of the civil legal system. The parties in a litigation dispute are required to help the court to further this principle under the guidance of the Civil Procedure Rules, a procedural code towards its advancement.
Modernisation of Jersey’s pensions law
Jersey opens the door to QROPs
Jersey Legislation Overview
Civil Liability for Breaches of the Codes
Ekaterina Ilina, an associate of DS Law.Attorneys, was ranked in Top-4 of the leading associates in St. Petersburg according to the rating of the newspaper “Delovou Peterburg” in the nomination 'Associate of Winter Season 2014/15'.- DS Law
Ogier is leading offshore adviser to European IPOs
Growth in BVI Approved Manager licences in 2014
Ogier shortlisted as Law Firm of the Year, EMEA, in Citywealth Magic Circle Awards 2015
The CMS Bureau Francis Lefebvre Africa team advised the Amethis Finance investment fund and Moroccan group Label’Vie on the acquisition of a stake in Compagnie de Distribution de Côte d’Ivoire (CDCI), the number two in food distribution in Côte d’Ivoire, with 127 shops around the country.- CMS
On March 16, 2015 the Regional Court in Warsaw in a case brought by Konrad Kornatowski (the former Police Commander in Chief) against Jan Rokita (a well-known Polish politician, the former member of the Polish Parliament) for payment of PLN 100,000 as compensation, dismissed the action in full and awarded against the Plaintiff to the benefit of the Defendant the amount of PLN 3,617 as reimbursement of costs of the proceedings.
The international Chambers Global 2015 rankings have again hailed the Tax Practice of Pepeliaev Group and its Managing Partner Sergey Pepeliaev the best in Russia in tax litigation (band 1 and Star Individuals).
A delegation from Pepeliaev Group recently made a business visit to London. During the trip, the firm's lawyers took part in seminars organised jointly with leading British law firms.