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A handful of full-service firms, namely Bell Gully, Buddle Findlay, Chapman Tripp, Kensington Swan, Minter Ellison Rudd Watts, Russell McVeagh and Simpson Grierson, dominate much of the New Zealand legal market due to their diverse resources and coverage of the North and South Islands.
Firms report that the economic downturn has had a significant impact on the amount of work available in the financial and corporate sectors. But as a direct result, firms reported an increase in other types of work they were called upon to do, noting in particular an increase in complex and innovative restructuring. Also, although the debt capital markets have slightly fallen away, a sign of a particularly strong firm in the banking and finance arena is that it has managed to sustain its private equity practice despite the scarce supply.
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Press releases
Legal Developments worldwide
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Labour & Employment
1 What are the main statutes and regulations relating to employment? The main statutes relating to employment are the Portuguese Employment Code (approved by Law 7/2009 of 12 February 2009) and the Regulation of the Employment Code (Law 35/2004 of 29 July 2004) which is still in force notwithstanding the fact that parts have been revoked with the entry into force of the new Employment Code. Within the Employment Code, the vast majority of the rules are mandatory and, therefore, can only be modified by agreement of the parties and only if such amendment is intended to improve the position or rights of the employees.- F. Castelo Branco & Associados -
Real Estate/ Property/ Infrastructure
Norms for highway projects pact changed- Seth Dua & Associates -
Projects, Energy & Natural Resources
Power- Seth Dua & Associates -
Litigation and Dispute Resolution
Case Laws- Seth Dua & Associates -
Intellectual Property Rights
Amendments in Information Technology Act, 2000 The Information Technology (Amendment) Act, 2008 has come into force from October 27, 2009. Some key amendments in the Information Technology Act, 2000 (“IT Act”) are highlighted below:- Seth Dua & Associates -
Cross Border Investments & Transactions
- Seth Dua & Associates -
Capital Markets/ Securities
Amendments in (Substantial Acquisition of Shares and Takeovers) Regulations, 1997- Seth Dua & Associates -
Trade Laws and WTO Matters
Certain important and recent legal developments in this area are set out below.- Seth Dua & Associates -
Taxation – Direct Taxes
Income-tax (Dispute Resolution Panel) Rules, 2009- Seth Dua & Associates -
Indirect Taxes
Goods and Service Tax- Seth Dua & Associates
Press releases
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Hengeler Mueller advises BNY Mellon on acquisition of BHF Asset Servicing
On March 8, 2010, The Bank of New York Mellon announced that it has agreed to acquire BHF Asset Servicing GmbH (BAS) from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR 253 million, subject to regulatory approvals.– Hengeler Mueller -
Kim & Chang Strengthens and Expands its Practice Groups by Recruiting Valuable New Members
– Kim & Chang -
Kim & Chang has a growing list of honors and rankings for 2009
– Kim & Chang -
Hengeler Mueller advises Landesbank Berlin AG on amendment to act on LBS Nord Shareholding
Hengeler Mueller has advised Landesbank Berlin AG (LBB) on the amendment to the act on the LBS Norddeutsche Landesbausparkasse Berlin-Hannover ("LBS-Nord-Gesetz"), a regional public building society.– Hengeler Mueller -
Hengeler Mueller advises Highstreet real estate joint venture in connection with landmark financial
The "Highstreet" entities, owners of a portfolio of about 90 department stores let to insolvent German retailer Karstadt, have successfully restructured their financial debt obligations.– Hengeler Mueller -
Kim & Chang advised AB InBev in USD 1.8 bil sale of OB - PE Deal of the Year, IFLR Asian Awards 2010
– Kim & Chang -
KF Fastigheter develops the trade area Mobilia in Lund
KF Fastigheter has acquired parts of the trade area Mobilia in Lund, and will together with Arne Paulssons Byggnads AB develop the area, including i.a. a Coop supermarket. KF Fastigheter has in connection herewith sold a larger property in central Lund to Paulssons. Mannheimer Swartling advised KF Fastigheter.– Mannheimer Swartling -
Kaul and Capol sold to Riverside
Mannheimer Swartling has advised the owners in the sale of Kaul GmbH and UK-affiliate, Capol UK Ltd., to The Riverside Company.– Mannheimer Swartling -
Proventus establishes vehicle for investments in corporate loans and bonds
Mannheimer Swartling has advised Proventus in connection with the establishment of Proventus Capital Partners – a co-investment vehicle focusing on corporate loans and corporate bonds. The investment strategy for this vehicle also allows direct loans to companies and the ambition is to contribute with financing to mid-sized companies in need of capital for growth or restructuring when these companies are unable to secure traditional bank financing.– Mannheimer Swartling -
Protego Real Estate Investors selling Swedish retail properties
Protego Real Estate Investors has been advised by Mannheimer Swartling on the sale of twelve retail properties situated throughout Sweden for a total value of approximately SEK 210 million.– Mannheimer Swartling