The Legal 500

Legal Developments worldwide

• OLG München on post-contractual non-compete clauses for managing directors

  Post-contractual non-compete clauses for managing directors are standard practice. But should these clauses go beyond the scope of what is necessary, they may be deemed to be null and void in their entirety.
  - GRP Rainer LLP

• Licensed Insolvency Practitioners

  Two of our Senior Associates, Mrs Nasia Papakonstantinou and Mr Christos Ioannou, successfully passed their Insolvency Practitioners examinations and are now officially included in the Cyprus Insolvency Service (ISC).
  - Patrikios Pavlou & Associates LLC

• Use of a Feed-In Premium for Photovoltaic Electricity

  The  Government of North Macedonia  announced an open call for awarding a contract for the use of a feed-in premium for electricity produced in photovoltaic power plants (“PVPPs ”) on state land in North Macedonia, with total installed capacity of 35 MW. Two locations are envisaged for construction of the PVPPs – Azambegovo (Sveti Nikole) and Manastirec (Makedonski Brod). Bidders can submit a bid for three PVPPs, at most, for the location of Azambegovo, as well as one PVPP on the location of Manastirec. The installed capacity of the PPVPs on the mentioned locations can be 10 MW, 5 MW, 2 MW and 1 MW depending on the parcel. The term of the contract for the use of a feed-in premium will be 15 years.
  - Karanovic & Nikolic

• Welcome to the Slovenian Legal Market

  This article is written by  Marko Ketler  and originally published in Issue 6.4 of the  CEE Legal Matters Magazine .
  - Karanovic & Nikolic

• Investing in the Slovenian Automotive Production Industry

  This article was written by Igor Angelovski and was originally published in Issue 6.2 of the  CEE Legal Matters  Magazine. 
  - Karanovic & Nikolic

• Unreported income in foreign accounts – Immunity still possible through voluntary disclosure

  Voluntary disclosure leading to immunity from tax evasion charges is still a current topic. It remains the only way of returning to a state of tax compliance.
  - GRP Rainer LLP

• Hengeler Mueller advises Axel Springer SE on strategic partnership with KKR

  Axel Springer SE has signed an investor agreement with a holding company owned by funds advised by investment firm Kohlberg Kravis Roberts (KKR) and investment entities controlled by Friede Springer and CEO Mathias Döpfner to create a strategic partnership.
  - Hengeler Mueller

• Bär & Karrer Advises Swedish Orphan Biovitrum AB in the Acquisition of emapalumab

  Swedish Orphan Biovitrum AB, an international specialty biopharmaceutical company listed in Sweden, agreed to acquire, from Novimmune’s shareholders, a newly established company owning emapalumab and related assets, giving Sobi access to world-class R&D capabilities in the field of Immunology. The acquisition supersedes the previously announced exclusive licence agreement with Novimmune. In addition, Sobi agreed with Novimmune on options for the shared financial rights to NI-1701 and NI-1801, two product candidates in the field of immuno-oncology. The transaction value is CHF 515 million, of which CHF 400 million was previously committed in the exclusive license agreement for emapalumab.
  - BÄR & KARRER LTD.

• European and Italian rules on Fluorinated gases

  1. Overview 
  - Villata, Degli Esposti e Associati

• Bär & Karrer Advises Patinex and BZ Bank on the Sale of NovImmune to Light Chain Bioscicence

  Light Chain Bioscience AG, a Swiss biotech company, agreed to purchase all shares in NovImmune SA, a company focused on the discovery and development of antibody-based drugs for the targeted treatment of inflammatory diseases, immune related disorders and cancer. Patinex and BZ Bank are the selling majority shareholders of NovImmune.
  - BÄR & KARRER LTD.