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Sri Lanka is among the fastest growing economies in Asia and continues to attract a strong flow of foreign investment, particularly in the retail, tourism and hospitality sectors. Although the International Monetary Fund has sounded a note of caution regarding Sri Lanka’s public debt, particularly as state-owned banks have stepped up borrowing on international capital markets, the government has succeeded in curbing debt levels, successfully hitting its debt-to-GDP target months ahead of schedule.
The end of the country’s devastating 26-year civil war has seen renewed focus on infrastructure development, providing Sri Lanka’s law firms with the opportunity to gain instructions from big-ticket investors from India, China, Korea and Japan.
The main players in the market include F J & G De Saram, Nithya Partners, Neelakandan & Neelakandan (formerly Murugesu & Neelakandan), and Julius & Creasy. D. L. & F. De Saram, Sudath Perera Associates and Tiruchelvam Associates also have strong full-service practices.
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In Turkey, non-complete obligations may be evaluated under the scope of "agreements that restrict competition" or "abusive conducts of dominant undertakings" (Article 4 and 6 of Law No. 4054 on Protection of Competition ("Law No. 4054"), akin to Article 101 and 102 of TFEU, respectively).
In the Czech Republic, the permissibility of using hidden recordings or other similar kinds of evidence within a court proceeding is quite questionable. At the end of 2014, the country's Constitutional Court issued an interesting decision (II ÚS 1774/14 dated 9 December 2014) on such matters that is particularly relevant for employers, as it deals with a dismissed employee's use of such means against his or her employer. read more...
On 23 March 2015, the Hungarian Competition Authority ("Competition Authority") imposed a fine of over 1 billion Hungarian forints (HUF 1,061,300,000, corresponding to more than EUR 3.5 million) on the retailer Auchan on the basis of the Hungarian Trade Act for abusing its significant market power. This marks the highest fine ever imposed in the sector by the Competition Authority in Hungary. read more...
Following the announcement by the government in January of formal plans to establish a new type of Luxembourg company, the société à responsabilité limitée simplifiée (simplified private limited liability company, or SARL-S), implementing legislation was placed before parliament on February 2. The initiative, filed with the Chamber of Deputies as Bill 6777, is also known as the “1 euro” or “1-1-1” company because it can be founded by one person, with one euro, in one day.
Luxembourg’s Direct Tax Administration has published a circular on February 12 clarifying issues relating to residency certificates for Luxembourg funds. These are applicable to both UCITS and non-UCITS funds regulated by Luxembourg’s investment fund legislation of December 17, 2010, which transposed the UCITS IV Directive, as well as Specialised Investment Funds set up under the law of February 13, 2007.
Nitto Denko v Union of India- Committee Report on compensatory measures for delays and provision for expedited examination at the Indian Patent office
Aldous Huxley is known to have famously said “Facts do not cease to exist because they are ignored.” One such brutally ignored fact would be the plunder of cultural heritage around the world and the up to US$3 billion plundered art and antiquities trade that it contributes to. 
Anand and Anand has taken several steps recently to strengthen its leadership pipeline. The firm, which recently concluded its 90 years’ celebrations, has been named as the “Employer of Choice” by Asian Legal Business and clearly intends to maintain its leadership position in IP.
Managing Intellectual Property has awarded Anand and Anand - Firm of the Year 2015 India Contentious Firm in the MIP Global Awards 2015.
Published:< 24 Mar 2015 at 06.00
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...
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.
Leon Kopecký has joined Schoenherr, a leading full-service law firm in Central and Eastern Europe, as Counsel in March 2015. Mr Kopecký focuses on international commercial and investment arbitration, international litigation, and compliance matters. His clients are international firms in the construction, raw materials, infrastructure, finance, fashion and health care industries. He regularly advises clients on complex investment matters. read more...
HaoLiWen has been recently selected by ALB as the finalist for Regulatory Compliance Law Firm of the Year (2015), a market recognition of the regulatory compliance practice of HaoLiWen, which has a history of around ten years.
Vienna, 16 January 2015. Business law firm Fellner Wratzfeld & Partners (fwp) advises UniCredit Bank Austria AG on the multi-stage structured sale of the real estate portfolio it holds via Immobilien Holding GmbH. read more...
Fellner Wratzfeld & Partner Rechtsanwaelte GmbH (fwp) represents HETA Asset Resolution AG (formerly HYPO Alpe-Adria Bank International AG) in connection with the judicial review proceedings before the Austrian Constitutional Court following the implementation of special Hypo legislation. The Constitutional Court has now rejected all individual applications filed by Austrian and international investors as inadmissible. Read more...
Fellner Wratzfeld & Partners (fwp) successfully provided legal advice to HYPO NOE, the association of mortgage banks of the Austrian Provinces and Pfandbriefbank in connection with financing repayments to be made for specific bond issues, thus ensuring the stability of both Pfandbriefbank and the mortgage banks guaranteeing such repayments.
Baker & Partners, a premier litigation and dispute resolution practice based in Jersey, will hold their next breakfast briefing for Jersey's financial services industry on the topic of dishonest assistance on Thursday 26 th March, 8.30-09.30am, at the Royal Yacht.
Ogier promotes three partners in the Channel Islands- Ogier
Gorodissky & Partners in 2015 again, for the 17th time in a row became No.1 Russia’s firm in patent and trademark prosecution and announced “IP firm of the year”.