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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Recent Issues of Data Protection Regulation in Korea

October 2014 - TMT ( Technology, Media & Telecoms). Legal Developments by Shin & Kim.

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The Personal Information Protection Act ("PIPA") was enacted as a general law of personal information in March 2011 to fulfill the need for presiding rules to govern personal information protection. In fact, there have already been a number of special laws governing personal information protection in various special areas and cases, such as The Act on Promotion of Information and Communications Network Utilization Information Protection ("Network Act") governing information and communications services, and the Use and Protection of Credit Information Act ("Credit Information Act") governing personal credit information. Special laws prevail over the general law, when in conflict with individual articles of the general law.

Work Permits for Foreign Shareholders and Managers in Turkey

October 2014 - Employment. Legal Developments by HERDEM Attorneys At Law.

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Since last 10 years the financial developments and the promising financial and technological progresses notably in energy, tourism and infrastructure sectors have attracted the foreign investors' interest. Since the number of foreign investments has been increasing within these developments, the question, if a company may have foreign shareholders and foreign board members has come to the fore. This was actually the result of the frequent change in laws as part of adaptation progress to E.U legislation. 

Concerns regarding UCA as a result of coalition agreement Michel I

October 2014 - Employment. Legal Developments by Claeys & Engels law firm.

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According to the coalition agreement of the new government, employees who are ‘placed in notice' on 31 October 2014 with a view to obtaining UCA can still benefit from the current UCA regulations, which will be strengthened as of 2015.

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INTELLECTUAL PROPERTY RIGHTS IN DEFENSE INDUSTRY: BEYOND THE INTANGIBILITY IN TURKEY

October 2014 - Intellectual Property. Legal Developments by HERDEM Attorneys At Law.

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The intellectual property rights (IP) are conceptually is linked to both intellectual and industrial rights in Turkish legislation. Intellectual property rights are almost related to the intellectual and artistic works, linked rights (neighboring rights), computer programs and databases and protected with royalty, while industrial rights contain patents, utility models, trademarks, industrial designs, topographies of integrated circuits (chips), geographical indications, plant varieties, other names and signs, trade secrets (know-how, undisclosed information) and they are protected with industrial and exclusive rights.

An Overview of FIDIC Rules

October 2014 - Projects, Energy & Natural Resources. Legal Developments by HERDEM Attorneys At Law.

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FIDIC, (Federation Internationale Des Ingenieurs Conseils), International Federation of Consulting Engineers aims to find a resolution in construction sector. There are five different FIDIC contracts in different colors that regulates different and separate obligations and rights. Today FIDIC is applied to 30 % of international construction project contracts. In Turkey, FIDIC mostly was preferred in high volume construction projects such as Marmaray Bosphorus Project, Baku Ceyhan Pipeline Construction Project, Ankara- Istanbul Highway Construction. 

Delivery of Leviathan Gas through Turkey

October 2014 - Projects, Energy & Natural Resources. Legal Developments by HERDEM Attorneys At Law.

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Israel's offshore Tamar and Leviathan gas fields in Eastern Mediterranean Sea have a significant discovery in order to meet Europe's rising gas and energy need.

Present and Future of Renewable Energy Resources Support Mechanism in Turkey: “YEKDEM”

October 2014 - Projects, Energy & Natural Resources. Legal Developments by HERDEM Attorneys At Law.

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Turkish Energy Market Regulatory Authority ("EMRA") has announced on 1st October 2014 that the electricity manufacturing license holders producing electricity from renewable resources are required to submit their applications for Renewable Energy Resources Support Mechanism ("YEKDEM") for the year 2015 until 31th October 2014, in order to benefit from the facilities regulated by the related legislation.

Re-employment of Employees & Constructive Dismissal Claims

October 2014 - Employment. Legal Developments by Drew & Napier LLC .

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Re-employment of Employees & Constructive Dismissal Claims

17 Oct 2014

This update reports recent developments on employment law and practice in Singapore.

In September 2014, the Tripartite Committee on Employability of Older Worker recommended that the Government adopt a promotional approach towards raising the re-employment age from 65 to 67 years old, and provide interim incentives to encourage companies to re-employ older workers beyond the age of 65, before such measures are legislatively required. It also recommended that employers provide an outplacement assistance payment to employees aged 65 to 67, if employers are unable to find suitable jobs for them within or outside the company.

Separately, the Singapore Court of Appeal recently issued the decision of Wee Kim San Lawrence Bernard v Robinson & Co (Singapore) Pte Ltd [2014] SGCA 43, discussing the damages that may be claimed on an employee's constructive dismissal.

This case is noteworthy because, apart from upholding the longstanding principle that damages may be awarded for loss of remuneration for the contractual notice period, it indicates that the Singapore courts may also consider damages that are proven to arise from a breach of the implied term of mutual trust and confidence between the employer and the employee.

This serves as an important reminder to employers, when deciding on termination of employee matters, to be mindful of any conduct that could give rise to a breach of the mutual trust and confidence between employers and employees.

To read the update, please click here.

Comprehensive Measures to Protect Personal Data in the Financial Sector

October 2014 - Finance. Legal Developments by Shin & Kim.

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The following is a summary of the press releases made by the Financial Services Commission on 10 March 2014. These are action items and policies that the FSC and relevant ministries are seeking to implement. The following measures have developed from a series of measures previously announced since the data leakage from the three credit card companies were revealed last January.

Essilor’s Proposed Combination with an Optical Lens Maker in Korea is Blocked

October 2014 - EU & Competition. Legal Developments by Shin & Kim.

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In its press release on March 17, 2014, the Korea Fair Trade Commission (the "KFTC") blocked the proposed acquisition of 50% shares by Essilor Amera Investment Pte. Ltd. (a subsidiary of Essilor International S.A., the largest optical lens maker in the world) in Daemyung Optical Co., Ltd. (the second largest optical lens maker in Korea) citing inter alia the likely lessening effect on price competition and the probable future abuses of the enhanced market power. On top of the expressed competitive concerns, the KFTC observed that allowing foreign firms to acquire local firms and turn them into their local sub-contractors worsens the competitive market structure of the domestic optical lens industry.