The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Inside this issue:
Latest case law in labour matters
Protection of proprietary in-terests of a company at the European Court of human rights — why not?
Assessing the transfer of an undertaking
NEWS – ANNOUNCEMENTS – EVENTS
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The amendments made -
Significant amendments to the Commercial Law regarding reorganization of companies, convening of shareholders’ meetings, as well as declaring the beneficial owners came into effect on 1 and 13 July 2011.
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Legal News at Your Glance - European Union: Treaty of Lisbon signed -- Estonia: Changes in Income Tax Act -- Latvia: Latvian Supreme Court upholds restrictive doctrine of foreign state immunity -- Lithuania: Amendments in the business accounting standards
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A practical insight to cross-border Corporate Tax work
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This article covers two topics (1) Estonian employment contracts and their termination (2) Amendments in Law “On State Social Insurance”
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Latvia: 2007 year in review.
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The new Insolvency Law has come in to force as of 1st January 2008
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Read entire article by clicking here...
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Sayenko Kharenko - legal
counsel on the acquisition of ING's securities and custody services business by
Citibank.
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LS Horizon Limited has advised PTG Energy Public Company Limited (the " Company "),
which operates the business of distribution of petroleum products and
equipment for gas stations, including fuel selling through its PT petrol
stations, in connection with its initial public offering (" IPO ") and listing of its shares on the Stock Exchange of Thailand (" SET ").
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Penningtons Solicitors LLP has recruited partner Maria Riccio and
associate Rupert Graham-Evans to lead its newly established pensions law
team. Working between the firm's Hampshire and London offices, they
will also support Penningtons' regional offices across Cambridge and the
South East, advising clients in the UK and internationally.
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Matouk
Bassiouny
advised Emirates NBD PJSC on the acquisition of 100% of the share
capital of BNP Paribas S.A.E. in Egypt. The value of the transaction
amounted to USD 500 million. The Share Purchase Agreement was signed in
December 2012 and closing took place in Cairo on Sunday June 9 th
2013.
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We
are delighted to inform you that Johanne Cox joins Matouk Bassiouny as a
Partner in the firm's Dispute Resolution group. Johanne has practiced
international arbitration in Egypt for a number of years, prior to which, she
practiced arbitration in London and Paris at leading international law
firms. She is recognized in Legal 500 (2013) as "very experienced and
knowledgeable", adding a "great dynamic" to her law firm's practice.
Johanne is a Fellow of the Chartered Institute of Arbitrators, a
Solicitor-Advocate in England and Wales, and an accredited Mediator.
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On 07.06.2013 the Supreme Court issued its judgment in the context of
the first recourses filed by depositors and challenging the effect on
depositors' funds of the recent bank resolution measures. The judgment
is a very welcome development and should be viewed as a significant
stepping stone in the future developments of the promotion of
depositors' claims.
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Kochański Zięba Rapala & Partners law firm is
honored to announce that it has been awarded the European Medal 2013 in the
Final of the 24th Edition of the Competition organized by the Business Centre
Club in cooperation with the Ministry of Foreign Affairs, and under the
honorary patronage of the European Economic and Social Committee.
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Georg Fischer Ltd. (GF) signed a
share purchase agreement on 7 May 2013 to acquire majority stake in Hakan
Plastik A.S., with an option to acquire the remaining shares in following
years.
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The Annual
General Meeting of CEWE COLOR Holding AG has approved the change the company's
legal form into a partnership limited by shares - Kommanditgesellschaft auf
Aktien (KGaA). The change of the legal form includes the transfer of the
business currently conducted by CEWE COLOR AG & Co. OHG to CEWE Stiftung
& Co. KGaA.
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Grammer AG (Amberg), a leading supplier of automotive interior and
seating systems, has issued loans evidenced by certificate of
indebtedness (Schuldscheindarlehen) in the amount of € 90 million which
is divided into tranches of 4 and 6 years as well as fixed and variable
interest rate tranches. Grammer AG is refinancing an existing loan
evidenced by certificate of indebtedness of 2006 prior to maturity in
August with part of the issuing proceeds.