Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Responding to HMRC’S proposed changes for
Guernsey QROPS
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Judgment in the Rank Group plc cases (C-259/10 and C-260/10): interpretation of the
principle of fiscal neutrality applied to gambling
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The House of Representatives has ratified on January 27 of 2012 the Framework Agreement between the Republic of Cyprus and the Arab Republic of Egypt relating to the development of cross-median line hydrocarbon resources signed in 2006.
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The Hungarian Companies Act ("CA") and others have long contained provisions to protect creditors. One provision prohibits a limited liability company from paying dividends to its shareholders if it does not have sufficient funds.
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Like in many of our neighboring countries, the Belgian Financial Services and Markets Authority (FSMA) is taking a more persistent approach in pursuing compliance with MiFID conduct of business. In that regard it has announced a “MiFID Action Plan”.
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Presidential Decree No. 3 of 2012 on the
Contract of Work and Coal Contract of Work Adjustment Evaluation Team (" Decree ") has been issued on 10 January
2012 in order to establish a team that will evaluate the adjustment of
Contracts of Work (CoW / Kontrak Karya )
and Coal Contacts of Work (CCoW / Perjanjian
Karya Pengusahaan Pertambangan Batubara ) as required by Article 169(b) of
Law No. 4 of 2009 on Mineral and Coal Mining (" Law "). The Evaluation Team will operate from 10 January 2012 until
December 2013 (Part 7).
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On 23 November 2011, the Competition
Commission of Singapore (“CCS”) released an
infringement decision against 11 modelling
agencies in Singapore for breaching Section 34 of
the Competition Act (Cap. 50B) (“Act”). Section 34
of the Act prohibits, amongst other things, price
fixing activities.
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The issue before the Court of Appeal was whether
the registration of the trade mark NIKE should
have been rejected on the ground that as of the
registration date of the NIKE mark, there existed
another identical earlier mark on the trade mark
register. The appellant, Campomar SL
("Campomar"), was the proprietor of the earlier
mark and had appealed against the decision of the
High Court Judge, who had refused to overturn the
decision of the Principal Assistant Registrar of
Trade Marks ("PAR"), and allowed the trade mark
NIKE to proceed to registration.
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Geostrategic and financial interests regarding gas exploration and exploitation
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International Cooperation in Merger Review
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