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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 concept of general business terms and conditions has been introduced to the Turkish law by the new Turkish Code of Obligations. This article aims to provide general information on as to how general business terms and conditions in agreements are handled under Turkish law.
The Banking Regulation and Supervision Authority ("BRSA") of Turkey published the Regulation on the Principles and Procedures to Apply to Factoring Transactions (the "Regulation") in the Official Gazette on February 4, 2015.
The patent and the utility model are regulated in the Decree No. 551 dated 1995 Concerning to the Protection of Patent Rights ("PDL"). Obviously patent and utility models are not completely two different rights; however there are some specific measures differentiating them. In this article we will discuss important points of these rights.
The Interim Relief is regulated under the Turkish Procedural Law numbered 6100 ("TPL"). According to the legislation, the court can provide any kind of interim relief that has the effect of preventing the claimant incurring damages before resolution of his claim or, such as (i) freezing or securing goods or rights, (ii) ordering the defendant to take, or not to take, a certain action (for example, annotation to the title deed preventing its transfer, prohibiting the transfer of shares of a company, and so on).
Recently, the media in Bulgaria has trumpeted a new business crime - the theft of a company. In 2014, there were a number of reported cases in which companies were stolen, e.g. their ownership was changed or a new managing director was appointed by a thief without the knowledge of the actual owner, nor of the company’s management body. read more...
On 17 December 2014, the European Parliament and the Council reached an agreement on the Fourth Money Laundering Directive (the " Directive "). The initial draft dates back more than two years (5 February 2013). The Directive still needs to be endorsed by EU institutions during the course of 2015. The main modifications regard an enhancement of compliance measurements. These include inter alia : read more...
Indonesia’s monetary authority, Bank Indonesia, has issued regulation No. 17/3/PBI/2015 on the Requirement to Use Rupiah Within the Territory of the Republic of Indonesia (the “BI Regulation”). The BI Regulation serves as an implementing regulation to Law No. 7 of 2011 on Currency (the “Currency Law”). Bank Indonesia issued the regulation with a view of easing the pressure on the declining rupiah.
Serbia is a contracting party to the Energy Community Treaty (ECT), signed in October 2005 between the European Union (EU) and nine South Eastern European countries. Since then, Bulgaria, Romania, and Croatia have ceased to be parties upon their accession to the EU and thus are no longer parties to the ECT, while Moldova and Ukraine have become parties to the agreement.
The April issue of the International Financial Law Review (IFLR) includes an international briefing article by SyCipLaw partner Anthony W. Dee and associate Ma. Patricia B. Paz entitled “Philippines: Complaints mechanism concerns.”
It's not a story that has attracted much attention, but the Revenue Department is being urged to start taking tax evasion by corrupt politicians much more seriously. The goal is to not only improve below-target tax collections but also prevent such politicians from using their ill-gotten gains to finance their next election campaigns.
The authoritative international ranking of law firms Best Lawyers 2015 has hailed Pepeliaev Group as Top Listed in Tax. This means that Pepeliaev is recognised as the top firm in Russian tax law. The award is handed to firms whose lawyers occupy the highest positions in the rankings within a certain region and practice area.
Patrikios Pavlou & Associates LLC achieves FIRST TIER recommendations in Cyprus by The Legal 500 Europe, Middle East and Africa 2015 guide in April 2015.
Aleksandra Vasyukhnova, Head of Technology and Investment Group at VEGAS LEX, has spoken at the Eighth International Forum on Intellectual Property – 21st Century, one of the leading industry platforms.
Schoenherr advised Cimpress N.V., a world leader in mass customization, on its acquisition of Druck.at, one of the leading web-to-print businesses in Austria. The transaction, which was announced on 18 March 2015, closed on 17 April 2015 following the successful achievement of various closing conditions including Austrian antitrust clearance. The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. read more...
Schoenherr has been recognized as " South East Europe Law Firm of the Year " (2015) by the renowned legal publisher Chambers and Partners . Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloš Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Prušnik (partner; Ljubljana) accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. read more...
VEGAS LEX and the Russian Union of Industrialists and Entrepreneurs and chaired by Mikhail Fridman have discussed improvement of judicial procedure in Russia, also in the context of the new unified Civil Procedure Code Concept and the Code of Administrative Court Procedure now in the works. The event convened representatives of the Supreme Court, the Presidential State-Legal Directorate, the State Duma Committee on Civil, Criminal and Commercial Legislation, major industrial companies and legal experts.
Patrikios Pavlou & Associates LLC co-sponsored the CFA first seminar of the year, 6th & 9th March 20The Cyprus Fiduciary Association organized two (2) full-day seminars on the Role and Liabilities of Directors which were co-sponsored by Patrikios Pavlou & Associates LLC. The seminars took place at Cleopatra Hotel in Nicosia on March, 6 and at St. Raphael Hotel in Limassol on March 9 and were hailed with great success.
Baker & Partners have issued a Guidance Note covering the retirement, replacement and removal of trustees, with information of great relevance to Jersey’s legal community and the broader legal and financial sectors.
At the beginning of April 2015 Popov & Partners was admitted as a corporate member of the Bulgarian Water Association (BWA) . BWA is the largest organization in Bulgaria that combines all WSS operators, trade companies and business consultants with focus on the management of the water resources and the development of the water-supply services in the country. In international aspect BWA has parnership relations with European Water Association and International Water Association and other international water organizations, whose activity reflects directly over the development of the water sector in global aspect.
Schoenherr advised a consortium of owners of Pivovarna Laško, d.d. ("Laško"), Slovenia's leading brewery group, in the sale of their combined holdings of over 51% in Laško to Heineken International B.V., part of the Netherlands-based brewing group. The opening of final offers took place on 13 April 2015, with Heineken offering EUR 25.56 per share in Laško (translating into a total purchase price of approx. EUR 114 million for the 51.11% stake on sale). Following the selection of Heineken as best bidder, the respective share purchase agreement was signed in Ljubljana the same day. read more...