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- Top 100: United States - Rising Stars
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- The Legal 500 United Kingdom Awards 2014
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New Zealand has been described as a ‘rock-star economy’ because of its rapid growth compared to other developed economies. The rebuild of Christchurch – for which the government has now allocated NZ$15.4bn of an estimated NZ$40bn – and strong investment flows from Asia, particularly into the agricultural sector, are strong drivers of growth. The country remains the world’s biggest exporter of dairy products, which attracts the interest of countries such as China that are seeking to achieve food security. With their ability to tap into strong regional footprints, DLA Phillips Fox and Minter Ellison Rudd Watts are well positioned to capitalise on these investment flows.
The market dominance of elite firms Bell Gully, Chapman Tripp and Russell McVeagh is increasingly being challenged; Simpson Grierson (now the largest firm by headcount) is among the leading firms in areas such as employment and intellectual property. In other news Anderson Lloyd has opened an office in Auckland with a team of nine lawyers from Russell McVeagh.
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The Personal Information Protection Act ("PIPA") was enacted as a general law of personal information in March 2011 to fulfill the need for presiding rules to govern personal information protection. In fact, there have already been a number of special laws governing personal information protection in various special areas and cases, such as The Act on Promotion of Information and Communications Network Utilization Information Protection ("Network Act") governing information and communications services, and the Use and Protection of Credit Information Act ("Credit Information Act") governing personal credit information. Special laws prevail over the general law, when in conflict with individual articles of the general law.
Since last 10 years the financial developments and the promising financial and technological progresses notably in energy, tourism and infrastructure sectors have attracted the foreign investors' interest. Since the number of foreign investments has been increasing within these developments, the question, if a company may have foreign shareholders and foreign board members has come to the fore. This was actually the result of the frequent change in laws as part of adaptation progress to E.U legislation.
The intellectual property rights (IP) are conceptually is linked to both intellectual and industrial rights in Turkish legislation. Intellectual property rights are almost related to the intellectual and artistic works, linked rights (neighboring rights), computer programs and databases and protected with royalty, while industrial rights contain patents, utility models, trademarks, industrial designs, topographies of integrated circuits (chips), geographical indications, plant varieties, other names and signs, trade secrets (know-how, undisclosed information) and they are protected with industrial and exclusive rights.
FIDIC, (Federation Internationale Des Ingenieurs Conseils), International Federation of Consulting Engineers aims to find a resolution in construction sector. There are five different FIDIC contracts in different colors that regulates different and separate obligations and rights. Today FIDIC is applied to 30 % of international construction project contracts. In Turkey, FIDIC mostly was preferred in high volume construction projects such as Marmaray Bosphorus Project, Baku Ceyhan Pipeline Construction Project, Ankara- Istanbul Highway Construction.
Israel's offshore Tamar and Leviathan gas fields in Eastern Mediterranean Sea have a significant discovery in order to meet Europe's rising gas and energy need.
Turkish Energy Market Regulatory Authority ("EMRA") has announced on 1st October 2014 that the electricity manufacturing license holders producing electricity from renewable resources are required to submit their applications for Renewable Energy Resources Support Mechanism ("YEKDEM") for the year 2015 until 31th October 2014, in order to benefit from the facilities regulated by the related legislation.
This update reports recent developments on employment law and practice in Singapore.
The following is a summary of the press releases made by the Financial Services Commission on 10 March 2014. These are action items and policies that the FSC and relevant ministries are seeking to implement. The following measures have developed from a series of measures previously announced since the data leakage from the three credit card companies were revealed last January.
In its press release on March 17, 2014, the Korea Fair Trade Commission (the "KFTC") blocked the proposed acquisition of 50% shares by Essilor Amera Investment Pte. Ltd. (a subsidiary of Essilor International S.A., the largest optical lens maker in the world) in Daemyung Optical Co., Ltd. (the second largest optical lens maker in Korea) citing inter alia the likely lessening effect on price competition and the probable future abuses of the enhanced market power. On top of the expressed competitive concerns, the KFTC observed that allowing foreign firms to acquire local firms and turn them into their local sub-contractors worsens the competitive market structure of the domestic optical lens industry.
VEGAS LEX experts discuss Russian roads and PPP projects at the fifth international specialized exhiRoad 2014, the 5th international specialized exhibition and forum held in Moscow earlier this month and attended by VEGAS LEX, focused on effective development mechanisms for Russia's public road system and on legal aspects of public-private partnership projects
The VEGAS LEX law firm has held a seminar, Signing a Concession Agreement: an Insider's Insight , for the staff of Bank of Moscow legal department and business divisions.
Julia Tormagova, head of VEGAS LEX Commercial Group, will speak about trends in the law enforcement practice on the market for pharmaceuticals in 2014.
Popov & Partners Law Office was chosen by Ministry of Finance once again for consultant service of MPopov & Partners Law Office is finishing successfully and before the appointed time, its work on concluded in May 2013 contract with Ministry of Finance for conducting subsequent control of public procurements financed by Operational programme "Administrative capacity". As a result of the quality and effective implementation, in the beginning of September 2014, Ministry of Finance entrusted a second time team of the Law Office for implementing activity for subsequent control of public procurements financed by Operational programme "Administrative capacity", as choose Popov & Partners Law Office for executor of a public procurement. Term of the second contract concluded with Ministry of Finance is until the end October 2015. During its implementation, Popov & Partners Law Office will aim increasing transparency and efficiency in the field of implementation of projects, financed by European social fund, and will contribute for lawful utilizing of funds on Operational programme "Administrative capacity".
Goltsblat BLP , the Russian practice of the leading international law firm Berwin Leighton Paisner (BLP) , is providing the Italian clothing brand TWIN-SET Simona Barbieri with legal support for its entry on to the Russian market, including setting up a joint venture and opening a number of own-brand stores across Russia.
Leading Hungarian law firm, Lakatos, Köves and Partners, has been advising Bayerische Landesbank ("BLB") on the sale of its Hungarian subsidiary MKB Bank Zrt. which closed on Monday 29 September 2014.
Kyiv, 17 October 2014 - AstapovLawyers has advised Lexmark International Technology S.A. (Switzerland) on legal matters pertaining to the signing of distribution agreement with a Ukrainian company. The advice included review and adjustments of the wholesaler contract, drafting arbitration clause and on Ukrainian law matters applicable to the contract.
Zavadetskyi Advocates provided for tax clearance of the transaction for cross-border transfer of the loan portfolio from the balance sheet of the Ukrainian bank to the balance sheet of the UK bank of a Greek banking group. As a result of this work an official tax clarification has been obtained that allowed favorable conditions for the transaction.
Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:
Kyiv, 2 September 2014 – Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.