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Overview
The New Zealand economy has proven to be more resilient than anticipated, with some sectors already beginning to witness a return to health. The country’s prospects post-election look good, with the rollout of the public-private partnerships set to continue, and the Rugby World Cup giving the economy a lift. The trend of increasing inward investment, particularly in the resources sector, also looks set to continue. The recent abundance of restructuring and insolvency work in the government banking sector has filtered down to smaller, privately owned enterprises. Some law firms have already begun to see an increase in activity in banking and finance and M&A, with new debt gradually being made available.
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Press releases
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 worldwide
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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The Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2012 – Update
Responding to HMRC’S proposed changes for Guernsey QROPS -
Gaming & Gambling Law Newsletter January 2012
Judgment in the Rank Group plc cases (C-259/10 and C-260/10): interpretation of the principle of fiscal neutrality applied to gambling -
Ratification of the Framework Agreement between Cyprus and Egypt
The House of Representatives has ratified on January 27 of 2012 the Framework Agreement between the Republic of Cyprus and the Arab Republic of Egypt relating to the development of cross-median line hydrocarbon resources signed in 2006. -
Hungary: Why is equity protection ineffective in Hungary?
The Hungarian Companies Act ("CA") and others have long contained provisions to protect creditors. One provision prohibits a limited liability company from paying dividends to its shareholders if it does not have sufficient funds. -
FSMA MiFID Action Plan announced
Like in many of our neighboring countries, the Belgian Financial Services and Markets Authority (FSMA) is taking a more persistent approach in pursuing compliance with MiFID conduct of business. In that regard it has announced a “MiFID Action Plan”. -
Establishment of an Evaluation Team for Contract of Work and Coal Contract of Work Adjustments
Presidential Decree No. 3 of 2012 on the Contract of Work and Coal Contract of Work Adjustment Evaluation Team (" Decree ") has been issued on 10 January 2012 in order to establish a team that will evaluate the adjustment of Contracts of Work (CoW / Kontrak Karya ) and Coal Contacts of Work (CCoW / Perjanjian Karya Pengusahaan Pertambangan Batubara ) as required by Article 169(b) of Law No. 4 of 2009 on Mineral and Coal Mining (" Law "). The Evaluation Team will operate from 10 January 2012 until December 2013 (Part 7). -
SINGAPORE COMPETITION LAW WATCH
On 23 November 2011, the Competition Commission of Singapore (“CCS”) released an infringement decision against 11 modelling agencies in Singapore for breaching Section 34 of the Competition Act (Cap. 50B) (“Act”). Section 34 of the Act prohibits, amongst other things, price fixing activities. -
TRADE MARKS CAMPOMAR WINS THE RACE
The issue before the Court of Appeal was whether the registration of the trade mark NIKE should have been rejected on the ground that as of the registration date of the NIKE mark, there existed another identical earlier mark on the trade mark register. The appellant, Campomar SL ("Campomar"), was the proprietor of the earlier mark and had appealed against the decision of the High Court Judge, who had refused to overturn the decision of the Principal Assistant Registrar of Trade Marks ("PAR"), and allowed the trade mark NIKE to proceed to registration. -
Exploitation of hydrocarbon resources in Cyprus
Geostrategic and financial interests regarding gas exploration and exploitation -
Korea Fair Trade Commission Issues Manual on
International Cooperation in Merger Review- Yulchon
Press Releases worldwide
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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Carey Olsen is confident about the future of Guernsey's QROPS industry
Carey Olsen is playing a significant role in assisting Guernsey's pensions industry to respond to the proposed changes from Her Majesty´s Revenue and Customs (HMRC) to Qualifying Recognised Overseas Pension Schemes (QROPS) and is confident that Guernsey will continue to be an attractive jurisdiction for the establishment of QROPS. -
Mr Yiango George Yiangoullis has left our team
Mr Yiango George Yiangoullis has recently left our team to pursue a position with the Permanent Mission of the Republic of Cyprus to Geneva as an Attaché dealing with matters of Intellectual Property Law at WIPO (World Intellectual Property Organization). We wish him the best with his new appointment. -
STADA acquires generics business of Spirig
On January 31, 2012, STADA Arzneimittel AG, a German pharmaceutical company listed on the Frankfurt stock exchange, with headquarters in Bad Vilbel, successfully closed the acquisition of the generics business that has previously been spun off of the Swiss based Spirig Pharma AG. The purchase price amounts to approximately CHF 97 million. -
Edyta Jusiel new partner at the law firm FKA Furtek Komosa Aleksandrowicz
The partners of FKA Furtek Komosa Aleksandrowicz are delighted to announce that they have taken on a new partner Edyta Jusiel -
Overseas implications of the UK Bribery Act
The UK Bribery Act 2010, which came into force last year, impacts on both individuals and companies based overseas, prosecuting for acts of bribery which have taken place outside, as well as within, the UK. Scott Simmons, Associate at Hassans, will be speaking at seminars to be held in March on the implications of the Act and its reach beyond UK borders to the rest of the world.- Hassans -
WOLF THEISS ADVISES U.S. GIANT UNITED STATES STEEL CORPORATION ON THE SALE OF ITS ENTIRE SERBIAN OPE
Belgrade, 2 February 2012 – WOLF THEISS advised United States Steel Corporation, a major US listed company (NYSE: X), on the sale of its entire Serbian steel-making operations to the Government of the Republic of Serbia. -
arbitration.pl – a comprehensive source of information on arbitration
Law firm Łaszczuk & Partners have launched an English language web portal devoted to arbitration. arbitration.pl is a comprehensive information source on arbitration available at a single Internet address, with special focus on Poland. The website features English abstracts of more than 140 rulings of Polish Supreme Court, regional and provincial courts as well as full texts in Polish. The continuously expanded database contains also a unique collection of rulings issued before WWII as well as rulings of the Court of Justice of the European Communities. -
AstapovLawyers adviced Grunenthal pharmaceutical company
AstapovLawyers has advised Grunenthal GmbH, a major European producer of pharmaceuticals, in the acquisition of Grunenthal by STADA AG. Total deal value of the parties involved amounted around the EUR152 mln. -
Setterwalls adviser in the divestment of BioNordika
Advised the seller in its divestment of the BioNordika Group with subsidiaries in Denmark, Estonia, Finland, Norway and Swden to Addtech Life Science.The transaction was closed on 26 January 2012. -
Mourant Ozannes advises on significant Nordic private equity fund
Leading offshore law firm Mourant Ozannes has advised on the establishment of a new private equity fund focusing on Nordic business investments.