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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

MD: Finally! Liquidating a Company is Now a Mission Possible

August 2014 - Corporate & Commercial. Legal Developments by Schönherr.

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On 29 May 2014, the Moldovan Parliament passed the Act No. 90/2014 on amending and supplementing of certain legislative acts (Act No. 90). Act No.90, which entered into force on 27 June 2014, implements simplified rules on the liquidation of companies in Moldova (in particular, at the decision of their shareholders), namely by inter alia amending the Civil Code of Moldova, Act No. 845/1992 on Entrepreneurship and Enterprises, Act No. 220/2007 on State Registration of Companies and Individual Entrepreneurs. read more...

How to Hire and Fire: A Global Guide 2014

August 2014 - Employment. Legal Developments by SyCip Salazar Hernandez & Gatmaitan.

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Multilaw's Labour & Employment practice group has produced a new 2014 edition of "How to Hire and Fire: A Global Guide." With content contributed by experienced employment lawyers from Multilaw member firms, the eBook provides a simple way for HR practitioners and clients to get a quick, uncomplicated overview of basic employment law information from jurisdictions around the world. The book reflects the law in each jurisdiction as of January 1, 2014. Jurisdictions covered by the 2014 edition include Argentina, Belgium, Bulgaria, Canada, China, Cyprus, Ecuador, European Union, Germany, Honduras, Hong Kong, India, Indonesia, Italy, Japan, Luxembourg, Malaysia, Netherlands, Oman, Paraguay, and Philippines, among others. The Philippine chapter was written by SyCipLaw partner Leslie C. Dy. Visit the Multilaw website to access and download the file: www.multilaw.com/hire-and-fire/#2-3.

How Can Turkish Banking Cope with the Changing Global Banking Dynamics?

August 2014 - Finance. Legal Developments by HERDEM Attorneys At Law.

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2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after the Great Depression and itself termed by many as the Great Recession costing millions of people their savings, jobs and houses.

American Defense Industry: Does the Legal Regime Hamstring the Business?

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

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The United States is still by far the leading country in defense spending, allocating a sizable portion of its GDP to produce cutting edge military technologies. However recent reports indicate a decline in American exports in military hardware. There are not only reports that point to an under-funding of procurement around USD$ 50 billion on an annual basis but also a general complaint on the part of the key players of the industry regarding the restrictive export regime that impedes the sale of military equipment to the non-American parties.

GSK Advises EnBW AG on Acquisition of Eni’s Joint Venture Holdings in Gas Business

August 2014 - Corporate & Commercial. Legal Developments by GSK Stockmann + Kollegen.

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EnBW Energie Baden-Württemberg AG (EnBW) is acquiring the 50%  holdings of Eni Gruppe, Rome, in EnBW Eni Verwaltungsgesellschaft mbH, Stuttgart, thereby increasing its holdings to 100 %. This makes EnBW indirectly the sole shareholder of Gasversorgung Süddeutschland GmbH (GVS) and terranets bw GmbH. GSK Stockmann + Kollegen provided comprehensive legal advice to EnBW in connection with this transaction.

Transition to electronic meal vouchers - Paper meal vouchers disappear on 1 January 2016

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

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Aware of the advantages of meal vouchers in electronic form, the Government has decided to definitively replace the paper form by electronic form, with effect from 1 January 2016.

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CSSF issues circular on investor notification of material changes to open-ended UCITS funds

August 2014 - Finance. Legal Developments by Chevalier & Sciales .

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Luxembourg's Financial Sector Supervisory Authority According has published Circular 14/591 on July 22, addressed to all open-ended UCITS funds governed by the grand duchy's legislation of December 17, 2010, regarding the protection of investors in the event of a material change to an open-ended undertaking for collective investment. The CSSF says that according to well-established supervisory practice, in the event of such a material change to investors' interests in an open-ended fund under the 2010 law, the regulator requires that they be given sufficient time to take an informed decision, and that if they do not wish to accept the proposed change, they should be able to redeem or convert their shares or units free of charges.

Newsflash -Restrictive measures recently adopted against the Russian Federation

August 2014 - EU & Competition. Legal Developments by Arendt & Medernach.

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In response to the downing of the Malaysian Airlines Flight MH17 in Donetsk and in view of the gravity of the overall situation, the Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation.2014.08.05_-_russian_sanctions_newsflash

TTIP: The Issue of Investor to State Dispute Settlements

August 2014 - EU & Competition. Legal Developments by HERDEM Attorneys At Law.

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The benefits that will the TTIP bring in to the table for both of the signatories across the Atlantic are well documented by the Atlantic Community. Generation of a volume trade that amounts a USD$ 1.2 billion and the expansion of the already existing transatlantic trade accompanied by the removal of non-tariff barriers as well as cheaper prices for the consumers and common standards for the producers that would give a leeway for them in fierce global competition by declining production costs. However the other side of the coin points to possible pitfalls for the TTIP like a requirement for a painstaking process of harmonization of two different legal systems and possible discords regarding the inclusion and exclusion of some specific sectors in to the agreement. However one of those prospective challenges has increasingly coming to the fore and lately being discussed among the pundits as one of the most troublesome among the others. This is the point concerning the investor to state dispute settlements (ISDS)

GSK Advises PAMERA Real Estate Group on the Sale of the PAMERA Companies to Cornerstone Group

August 2014 - Corporate & Commercial. Legal Developments by GSK Stockmann + Kollegen.

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GSK Stockmann + Kollegen advised the shareholder of the PAMERA Asset Management GmbH, the PAMERA Retail GmbH and the PAMERA Development GmbH on the sale of these companies to the European Cornerstone subsidiary of US-American Cornerstone Estate Advisers LLC.