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Legal market overview
The past few years has seen Paraguay emerge as something of a bright spot in the regional economy, with GDP rising by a staggering 14.2% in 2013 and a further 4% in 2014. Few countries, in Latin America or elsewhere, have matched this recent performance, although Paraguay’s success is in part attributable to a bumper agricultural crop in 2013. Agriculture and the agricultural services sector account for much of the country’s economic output; according to the World Bank, soybean and beef made up some 40% of its exports in 2013. Much of this economic activity centres on a small handful of dominant agribusinesses (controlling not only the agricultural crop but also the transport infrastructure serving it) and domestic conglomerates. Examples of the former are Archer Daniels Midland Paraguay (ADM) and Cargill, while the latter include Grupo Cartes, owned by Paraguay’s President Horacio Cartes, who came to power in 2013.
The size and scope of Paraguay’s commercial legal market is partly reflective of the economy. It is largely dominated by a small group of full-service firms, many of which are essentially family businesses with close ties to Paraguay’s largest commercial entities. Estudio Juridico Gross Brown, Fiorio, Cardozo & Alvarado, Attorneys at Law, Moreno Ruffinelli & Asociados, Olmedo Abogados and Vouga Abogados all enjoy prominent positions across the key practice areas. In each of these firms, the younger generations coming through have generally attended the best US law schools, and in many cases have worked at leading international law firms, so clients can expect a slick service. Despite their entrenched market positions, however, these firms are not completely untouchable. Ferrere, which has its origins in Uruguay, is a key player in most core sectors and has a particularly good reputation for corporate and commercial work; while some traditional boutique firms are successfully moving into full-service territory, the most prominent example being Berkemeyer Attorneys & Counselors, which started out in IP. The increasingly important areas of environmental and labour law are also served by superb boutiques in PGK Abogados y Consultores Ambientales and Irún & Villamayor Asesores Laborales de Empresa respectively.
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BY: Sidharth Goyal & Anita Aswal
AN OVERVIEW OF SEAFARER’S RIGHTS
As 2015 comes to a close, the e-commerce industry is expected to make €185.39 billion this year. In the EU, the average online shopper spends €970 yearly, and these numbers continue to grow annually. EU Directive 2011/83/EU details the rights of EU consumers when shopping online and was transposed into Maltese law through Legal Notice 439 of 2013.
The MFSA has today launched a consultation process on the transposition into Maltese law of Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014 which is known as UCITS V.
The RAIF benefits from flexibility in terms of legal structuring, and from all the advantages known to the SIF and SICAR regimes: umbrella structure, toolbox assembly approach and the “well-informed” investor concept. Please refer to our newsflash, to get all the details about the RAIF.
On 13 June 2016 the Hungarian Parliament adopted an amendment to the Civil Code which entered into force two years ago. The main body of the amendment will enter into force on 1 October 2016, and reintroduces the independent mortgage ( önálló zálogjog ) which used to be part of the Hungarian secured transactions regime under the former civil code, and refines the rules of the security deposit ( óvadék ). read more...
8 Jul 2016
Following previous consumer protection-related decisions and as one of the efforts of the Ministry of Economy and Commerce to promote consumer protection in Qatar, the Ministry, in June 26 th , 2016, issued Circular No. 6 of the year 2016 which laid down a prohibition on imposing a minimum charge by restaurants, coffee shops and hotels.
Should landlords care about their tenants' IP infringements? According to the Court of Justice of the European Union (CJEU), they should!
Published: 12 Jul 2016 at 04:00 / Newspaper section: Business
Advertising for pharmaceuticals is impermissible if the content of a promotional statement is not based on sound scientific evidence. That was the verdict of the Oberlandesgericht Koblenz (OLG) [Higher Regional Court of Koblenz].
The European Commission has expanded its proceedings against an internet company on account of possible infringements of antitrust law. The latter is said to have potentially abused its dominant market position.
Family disputes can become deeply entrenched and are then no longer capable of being resolved. This can give rise to the desire to disinherit one’s relatives. For this to happen, a will needs to be prepared.
According to a ruling of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, discontinuing life-sustaining measures can render the personal responsible unworthy of inheriting in the absence of a living will (Az.: IV ZR 400/14).
Declarations of discontinuance are a possible consequence of violations of competition law. They can be tied to a condition, but for this to happen strict requirements need to be met.
AKD advises INKEF Capital on the investment in NightBalance- AKD
Enjoying one’s twilight years abroad is a dream that an increasing number of Germans are pursuing. However, it is important to bear in mind that this may affect the distribution of one’s estate.
Everything has its limits, including negotiations concerning a wage increase. As demonstrated by a ruling of the Landesarbeitsgericht Schleswig-Holstein (LAG) [Regional Labour Court of Schleswig-Holstein], these can even end with the dismissal of the employee.
It is particularly easy for disputes to arise in cases involving communities of heirs. Anyone who refuses to accept an official or notarial letter in the context of inheritance disputes may end up drawing the short straw.
Commercial court in Zajecar adopted the PPRP of RTB BOR Group - VALUE OF RESTRUCTURED debt exceeding 1.2 billion EUR