Press releases and law firm thought leadership
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Advertising for pharmaceuticals is impermissible if the content of a promotional statement is not based on sound scientific evidence. That was the verdict of the Oberlandesgericht Koblenz (OLG) [Higher Regional Court of Koblenz].
The European Commission has expanded its proceedings against an internet company on account of possible infringements of antitrust law. The latter is said to have potentially abused its dominant market position.
Family disputes can become deeply entrenched and are then no longer capable of being resolved. This can give rise to the desire to disinherit one’s relatives. For this to happen, a will needs to be prepared.
According to a ruling of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, discontinuing life-sustaining measures can render the personal responsible unworthy of inheriting in the absence of a living will (Az.: IV ZR 400/14).
Declarations of discontinuance are a possible consequence of violations of competition law. They can be tied to a condition, but for this to happen strict requirements need to be met.
AKD advises INKEF Capital on the investment in NightBalance
INKEF Capital, an Amsterdam-based venture capital firm that focuses on long-term collaboration and active support of innovative technology companies, has done an investment in NightBalance. Together with Gilde Healthcare Partners INKEF led the Series B financing round.
Enjoying one’s twilight years abroad is a dream that an increasing number of Germans are pursuing. However, it is important to bear in mind that this may affect the distribution of one’s estate.
Everything has its limits, including negotiations concerning a wage increase. As demonstrated by a ruling of the Landesarbeitsgericht Schleswig-Holstein (LAG) [Regional Labour Court of Schleswig-Holstein], these can even end with the dismissal of the employee.
It is particularly easy for disputes to arise in cases involving communities of heirs. Anyone who refuses to accept an official or notarial letter in the context of inheritance disputes may end up drawing the short straw.
Commercial court in Zajecar adopted the PPRP of RTB BOR Group - VALUE OF RESTRUCTURED debt exceeding 1.2 billion EUR
An encouraging news update comes from Croatia, as some of the recent reports claim that the Croatian IT market reached a value of EUR 950 million in 2015. According to IDC Adriatic – a regional branch of the global market intelligence provider – this shows an increase of 10.8% when compared to the previous year.
The Montenegrin Ministry of Transport has recently been in the news as it provided an overview of investments that it has made over the past ten years in the country's road infrastructure – investments that have totalled at EUR 300 million through renovation, modernisation, and construction processes throughout the country.
According to recent news reports, the Bosnian Ambassador in Podgorica, Đorđe Latinović, stated that a labour agreement between BiH and Montenegro on temporal employment is due to be signed soon. The main purpose of this agreement being to regulate the status of seasonal workers in the two countries and reduce the possibility of undeclared work.
One of the liveliest parts of the recently held panel discussion organised by the Association for Sustainable Development and the Youth Forum of the European Movement, was revolving around Serbia's obligation to reach 27% of its total consumption of energy to be coming from renewable energy sources (RES) by year 2020.
Emphasising the importance of the shift to green trends and sustainable development has become something of a global custom in recent years, although mostly through being associated with the production of green energy and its consequential distribution. However, an often overlooked aspect in this regard has been the need for labour force that arises from the development of the so-called "green economy".
Patricia Gannon, Senior Partner, and Rastko PetakovićVeton Qoku and Nevena Tomić Lučić, attended the Balkan Legal Forum ( BLF) 2016 – a conference organised by the IBA European Regional Forum and the Legal Development Foundation.
There has been an exciting development in the entertainment industry, as the Czech company "Sebre a.s." bought a 20% stake in Serbian "Avala film" – an iconic studio hailing from the golden age of Yugoslavian film. Among other duties taken on through this acquisition, Sebre will be responsible for the formation of the studio's management board, as well as for its modernisation – something that the company's officials have already promised to do by investing over EUR 10 million over the next 3-5 years. The construction and renovation of buildings on Avala Film's lot will be realised through Hinton, a Czech construction company.
Recent news reports are claiming that Mercator is expected to sell its chains of sporting goods stores, Intersport and Modiana, by the end of July. This kind of activity would be the latest in a longer line of investments that Mercator has been selling off, including Pekarna Grosuplje and Mercator-Embi, all of it as means of shifting the corporate focus to the company's main activity – trade.
Persistent refusal by an employee to perform his work duties as laid out in the employment contract can give rise to extraordinary and immediate dismissal. That was the verdict of Germany’s Federal Labour Court, the Bundesarbeitsgericht (BAG).
Even minor deviations from the respective standard guidance render guidance on the right of withdrawal flawed in the case of loan agreements. In most cases, it is still possible to withdraw from these.
If an employment contract includes a collectively agreed limitation period, any claims need to be asserted in writing within said period of time vis-à-vis the opposing party to the claim.
There have been many instances of banks and savings banks using ambiguous statements in guidance on the right of withdrawal regarding the commencement of the withdrawal period. Consequently, it is still possible to withdraw from these loans even years after they were taken out in most cases.
VEGAS LEX Partner, Head of special projects Maxim Grigoryev spoke about the specifics of concluding Special Investment Contacts at CREF-2016.
It is possible under certain circumstances according to German and European antitrust law for agreements restricting competition to be permissible if they have a positive impact on the market.
The Russian Federation and the Russian subsidiary of the German group of companies CLAAS have signed the country's first federal special investment contract prepared by VEGAS LEX.
Spouses that mutually appoint each other as sole heirs in what is termed a “Berliner Testament” (Berlin will) need to be mindful of the binding effect associated with this kind of joint will.
Pensions firms are falling foul of competition law. The right legal advice would prevent this – and many other problems.
The Serious Fraud Office (SFO) has closed its investigation into allegations of fraudulent conduct on the foreign exchange market. Aziz Rahman examines why investigations are dropped – and how defence teams can influence this.
The tax man’s investigation of online selling is HMRC’s latest battle in the war on VAT fraud.
Tax evasion is back in the news due to the Panama Papers scandal. But how do you defend yourself against such allegations?
Aziz Rahman examines the government proposal for unexplained wealth orders (UWO’s) and argues that there is no real need for them.
With the collapse of High Street giant BHS attracting Serious Fraud Office (SFO) attention, Aziz Rahman explains why its investigators must tread carefully.
With Rahman Ravelli already having published a special advisory guide in the wake of the Mossack Fonseca Panama Papers scandal, we look briefly here at the most recent developments and their implications.
13 June 2016, Dubai, United Arab Emirates: STA Law firm today announced that the firm has established a co-operation agreement with Akturk AB, a law firm based in Turkey.
GOLTSBLAT BLP ADVISED ON THE FIRST DELIVERY OF SUKHOI SUPERJETs TO EUROPEAN AIRLINE WITH THE CONTRAC
Goltsblat BLP, the Russian Practice of Berwin Leighton Paisner (BLP), jointly with BLP, advised Irish regional airline CityJet on negotiating a framework agreement for delivery of 15 firm and 16 optional Aircraft, leasing documentation and engine and airframe support services agreements. The contract value of the deal is more than $1 bn, including options and aftersales services.
On July 4, 2016, VEGAS LEX opens its summer training program for top students of leading Moscow universities.
The countdown is on for withdrawing from real estate loans. The deadline for withdrawing from legacy contracts is June 21, 2016. After this date, the so-called “ewiges Widerrufsrecht” (perpetual right of withdrawal) will cease to exist.
Brussels, June 23, 2016 - ALTIUS, one of the largest independent law firms in Belgium, appoints Yves Brosens as a partner in its Banking & Finance department. Yves Brosens brings - in addition to his exceptional expertise in different types of financing- his knowledge of the African market.
We are delighted to announce that a number of our attorneys have been nominated in the Who’s Who Legal 2016 edition. The firm’s nominations include partners and attorneys from across our trade mark and patent practice groups. In addition, one of our partners has been nominated in Who’s Who Legal’s list of the ‘Most Highly Regarded Individuals’, which is a selection of the very best trade mark and patent practitioners singled out from the nominated experts in their 2016 edition.
“Vegan” on the outside means it’s not cheese on the inside. That was the verdict of the Landgericht Trier (Regional Court of Trier) in its ruling of March 24, 2016 (7 HK O 41/15).
Another hearing before the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, concerning withdrawal from consumer loans has been scheduled for May 24 (XI ZR 366/15). The BGH will then have to rule on an appeal brought by a bank.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), announces that Yury Babichev has joined the firm as new Head of Group (International Arbitration, Cross-border Disputes) to reinforce its Dispute Resolution Practice driven by the growing demand from our national and international clients for dispute resolution services, specifically international litigation.
If the guidance on the right of withdrawal in a loan agreement includes the words “die Widerrufsfrist beginnt frühestens mit Erhalt dieser Belehrung” (the withdrawal period shall commence at the earliest upon receipt of this guidance), withdrawal is likely to be an option.
Best Lawyers has awarded Best Law Firm of the Year in Real Estate to Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP). Vitaly Mozharowski, Head of Real Estate & Construction, has also been named Environmental Law Lawyer of the Year and Rustam Aliev, Partner, – Land Use and Zoning Law Lawyer of the Year.
Intellectual rights protection in state procurement: IT and pharmaceutical industry specifics and ju
On June 21, 2016, VEGAS LEX hosted a roundtable on ways to protect the exclusive rights of copyright holders in public procurement, and judicial practice in the field of software, drugs and medical goods procurement.
It is often possible to save several thousand euros by withdrawing from a real estate loan. Having said that, this so-called “ewiges Widerrufsrecht”, or perpetual right of withdrawal, shall cease to exist for legacy contracts on June 21, 2016.
At the recently held Summit 100 Business Forum in Sarajevo, many topics of contemporary relevance for the region of Southeast Europe were expectedly touched upon. Be it the supply of sustainable energy, the position of women in business, or the issues related to infrastructure & transport conditions, it was an opportunity for a number of prominent experts and government officials to weigh in with their opinions on how to improve the overall business situation in our region. However, one of the greatest impressions from the conference have been the discussions on the mobility of goods and people within our region, as well as the respective implications. Having in mind the beginning of summer being just a few days away, perhaps the most illustrative example in this regard can be the tourism industry and the ways in which it has been – or potentially can be – affected by such regulatory frameworks of SEE countries.
According to recent reports, the European Bank for Reconstruction and Development (EBRD) has plans of investing more than EUR 3 billion in the Western Balkans region, of which approximately EUR 300 million is assigned to Serbia.
On 12 March 2015, the Slovenian Competition Protection Agency ("HAT"), the national distributor of Hyundai vehicles, together with a network of authorised repair shops for Hyundai motor vehicles.
According to recent media reports, the Bosnian Central Bank (BCC) has presented information regarding the scope of investments made by the country's diaspora. More precisely, it has been reported that more than EUR 1.5 billion of investments are being made by the Bosnian diaspora each year through remittances and formal channels – meaning that the exact figure is even larger when accounting for other, informally made investments which have been proven to exist. If to some these figures seem somewhat overblown, it should be noted that there are around 2 million registered citizens of BiH around the world, ranking the country 1th in the world when looking at the share of immigrants in relation to the population, at the same time further showcasing the importance of diaspora's involvement in investment practices.