In Turkey, non-complete obligations may be
evaluated under the scope of "agreements that restrict competition" or "abusive
conducts of dominant undertakings" (Article 4 and 6 of Law No. 4054 on
Protection of Competition ("Law No. 4054"), akin to Article 101 and 102 of
In the Czech Republic, the permissibility of using hidden recordings or other
similar kinds of evidence within a court proceeding is quite questionable. At
the end of 2014, the country's Constitutional Court issued an interesting
decision (II ÚS 1774/14 dated 9 December 2014) on such matters that is
particularly relevant for employers, as it deals with a dismissed employee's
use of such means against his or her employer. read more...
On 23 March 2015, the Hungarian Competition Authority ("Competition
Authority") imposed a fine of over 1 billion Hungarian forints (HUF
1,061,300,000, corresponding to more than EUR 3.5 million) on the retailer
Auchan on the basis of the Hungarian Trade Act for abusing its significant
market power. This marks the highest fine ever imposed in the sector by the
Competition Authority in Hungary. read more...
Following the announcement by the government in January of formal plans to establish a new type of Luxembourg company, the société à responsabilité limitée simplifiée (simplified private limited liability company, or SARL-S), implementing legislation was placed before parliament on February 2. The initiative, filed with the Chamber of Deputies as Bill 6777, is also known as the “1 euro” or “1-1-1” company because it can be founded by one person, with one euro, in one day.
Luxembourg’s Direct Tax Administration has published a circular on February 12 clarifying issues relating to residency certificates for Luxembourg funds. These are applicable to both UCITS and non-UCITS funds regulated by Luxembourg’s investment fund legislation of December 17, 2010, which transposed the UCITS IV Directive, as well as Specialised Investment Funds set up under the law of February 13, 2007.
Aldous Huxley is
known to have famously said “Facts do not cease to exist because they are
ignored.” One such brutally ignored fact would be the plunder of cultural
heritage around the world and the up to US$3 billion plundered art and antiquities trade that it contributes to. 
Anand and Anand has taken several steps recently to strengthen
its leadership pipeline. The firm, which recently concluded its 90 years’
celebrations, has been named as the “Employer of Choice” by Asian Legal
Business and clearly intends to maintain its leadership position in IP.