The Legal 500

Legal Developments worldwide

• Protecting Business Interests Following Termination of Employees

  In today’s world, one of a businesses’ most valuable asset would be its know-how, client base and trade secrets, all of which are becoming increasingly more difficult to protect with the rate of employment turnover of 2018.
  - GVZH Advocates

• CSSF issues circular on governance and organisation of non-UCITS fund depositaries

  Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, published on August 23 CSSF Circular 18/697 on organisational requirements applicable to depositaries of funds that are not subject to the UCITS rules set out in Part I of the investment fund legislation of December 17, 2010 and to their branches.
  - Chevalier & Sciales

• Karanovic & Partners joins Ius Laboris

  We are proud to announce that Karanovic & Partners has joined Ius Laboris, the world's premier global network of human resources law firms. The Employment practice of Karanovic & Partners in Serbia joined this prestigious organisation to reinforce its international HR advisory services for domestic and international companies.
  - Karanovic & Nikolic

• AUSTRIAN DATA PROTECTION AUTHORITY ISSUED THE "BLACK LIST"

  Processing operations subject to the requirement of a data protection impact assessment.
  - Dorda

• New draft of AIFMD update eases pre-marketing requirements

  The European Commission has put forward amendments to the 2011 Alternative Investment Fund Managers Directive that includes clarifying and setting out uniform rules on what constitutes ‘pre-marketing’ activity, a topic that has been an area of controversy since the directive came into force in 2013. However, the rules have been eased in a fresh draft following criticism from the alternative fund industry.
  - Chevalier & Sciales

• Karanovic & Partners: The 13th Traditional Conference on Competition Law and Data Protection

  On 28 November 2018, Karanovic & Partners, together with the  Friedrich Naumann Foundation for Freedom , held the Competition and Data Protection conference at the Hilton Belgrade hotel. This traditional yearly conference – now in its' 13th year, gathered more than 120 experts from the business and legal community, as well as key regulators and stakeholders, to discuss the most important current issues in the fields of competition law and data protection.
  - Karanovic & Nikolic

• Maltese Court of Appeal: Employee Email Addresses Constitute Personal Data

  On the 5th of October 2018, in the case of Doreen Camilleri vs Commissioner for Information and Data Protection, the Court of Appeal reversed a decision previously taken by the Appeals Tribunal for Information and Data Protection and held that an employee’s email address constituted personal data.
  - GVZH Advocates

• Privilege in regulatory investigations: UK Court of Appeal supports a broad approach

  Last week, the UK Court of Appeal released its much-anticipated judgment in ENRC v SFO[1], a decision with significant implications for the scope of legal professional privilege in the context of regulatory investigations.
  - Bell Gully

• Security Token Offerings (STOs): The Future of Coin Offerings

  The term ICO has been at the epicentre of discussions in the FinTech industry, being the main method of fundraising used by startup companies to develop innovative ideas on the Blockchain technology or other applications using Distributed Ledger Technology (“DLT”).
  - Kinanis LLC

• Court of Appeals Sheds Light on “Just Cause” for Termination, Exit Right and Squeeze-out

  The Court of Appeals Sheds Light on "Just Cause" for Termination, Exit Right and Squeeze-out of Shareholders
  - ELIG, Attorneys-at-Law