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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

KOREA’S NEW SUPREME COURT CASE EXCLUDES MILEAGE FROM VAT TAXATION

February 2017. Press Releases by Lee & Ko (view listing).

used mileage points interpreted as sales allowance deductible from tax base

If a business operates a customer loyalty program together with other business, in which the amount of mileage points granted for the customers’ primary transaction is deducted from the purchase price of the customers’ secondary transaction and those customers only have to pay the remaining price, the amount deducted from the purchase price during the secondary transaction should not be additionally included as the value of supply(i.e. should not be subject to VAT) of the secondary transaction(Summary of Supreme Court 2015 du 58959, 2016. 08. 26.).

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Russia – China: investing in major projects through concession

February 2017. Press Releases by Vegas Lex Law Firm (view listing).

Head of VEGAS LEX PPP and Infrastructure practice Denis Shtirbu moderated the session on transport cooperation and logistics at The Moscow Times conference, Doing Business with China. New Horizons for Business Cooperation: Russia – China.

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GRP Rainer receives awards for best law firm in the fields of commercial law and tax law

February 2017. Press Releases by GRP Rainer LLP (view listing).

GRP Rainer Rechtsanwälte has once again received awards, this time for the year 2017, from Corporate INTL for best law firm in the fields of commercial law and tax law in Germany.

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CJEU: Labour leasing through members of a sisterhood

February 2017. Press Releases by GRP Rainer LLP (view listing).

The members of a sisterhood may also fall within the ambit of the regulations pertaining to what is termed labour leasing or temporary employment. That was the verdict of the Court of Justice of the European Union (CJEU) in its ruling of November 17, 2016 (Az.: C-216/15).

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Giambrone participates in the ICAB International Trade Fair for the Legal Profession

February 2017. Press Releases by Giambrone Law Studio Legale Internationale (view listing).

Barcelona – Gonzalo Butori and Graziano Cecchetti, Partners at the newly opened Giambrone Barcelona office, attended the 4th edition of the International Trade Fair of the Legal Profession held by the Barcelona Bar Association (ICAB) on February 16th and 17th.

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Giambrone offers Assistance to the FBI’s Global Investigation into Binary Options Fraud

February 2017. Press Releases by Giambrone Law Studio Legale Internationale (view listing).

America’s Federal Bureau of Investigation (FBI) announced its intention of pursuing organisations involved in binary options fraud across the globe. The FBI’s Complex Financial Crimes Unit will seek to draw on the relationships that it has forged with law enforcement agencies worldwide to pursue and bring down the fraudulent organisations that prey on innocent victims and leave a trail of destruction in their wake.

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Litigation involving FAS Russia: specifics of cartel disputes

February 2017. Press Releases by Vegas Lex Law Firm (view listing).

VEGAS LEX experts have discussed procedural specifics of supporting cartel damage disputes at a Pravo.ru conference on judicial practice in 2016 and important 2017 trends.

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NautaDutilh assisted Raizen Fuels Finance S.A.

February 2017. Press Releases by NautaDutilh (view listing).

NautaDutilh assisted Raizen Fuels Finance S.A., as issuer on its USD 500 million 5.3% senior notes offering which successfully closed on 20th January. The issuer is part of the Brazilian Raizen group, the world largest individual producer of sugar cane. The Raizen group also operates a network of more than 5,800 Shell-branded stations in Brazil.

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GOLTSBLAT BLP ADVISES ICBC ON LEASING SIX A321-211 TO AEROFLOT

February 2017. Press Releases by Goltsblat BLP (view listing).

Goltsblat BLP, the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing, the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.

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LAG Rheinland-Pfalz: Dismissal with immediate effect for causing serious offence valid

February 2017. Press Releases by GRP Rainer LLP (view listing).

Seriously offending one’s work colleagues constitutes good cause justifying exceptional notice of dismissal with immediate effect. That was the verdict of the Landesarbeitsgericht (LAG) Rheinland-Pfalz [Regional Labour Court of Rhineland-Palatinate] (Az.: 4 Sa 350/15).

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Company officially removed from commercial register due to lack of assets

February 2017. Press Releases by GRP Rainer LLP (view listing).

It is possible for the removal of a company from the commercial register to be instigated by the competent authorities due to a lack of assets. Those who wish to oppose such a move should act immediately. 

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GRP Rainer Rechtsanwälte: Experience dealing with liability claims against GmbH managing directors

February 2017. Press Releases by GRP Rainer LLP (view listing).

The managing director of a GmbH, a type of German private limited company, is exposed to considerable liability risks. Legal advice ought to be urgently sought to minimize these risks as well as in the event of something happening that raises the issue of liability.

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Drone law in five minutes

February 2017. Press Releases by Foyen Advokatfirma AB (view listing).

13 February, 2017

The Swedish Supreme Administrative Court has recently ruled that drones equipped with cameras are subject to the Swedish Camera Surveillance Act. This means that photographing with drones in public areas requires a permit from the county administrative board. The Swedish Supreme Administrative Court’s decision has given rise to lively debate. Set out below is an attempt to clarify some of the current issues related to flying drones.

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Removal and dismissal of a GmbH managing director

February 2017. Press Releases by GRP Rainer LLP (view listing).

If a GmbH, a type of German private limited company, wishes to part company with a manging director, simply dismissing him won’t cut it. The managing director also needs to be removed from his post.

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The new year and what’s new regarding labour law

February 2017. Press Releases by Arendt & Medernach (view listing).

30/12/2016

The year 2017 will kick off with three major changes involving sizeable consequences for both employers and employees: wage indexation (l), an increase of the minimum social wage (II) and a reform of the organisation of working hours (III).

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Country-by-country reporting (CBCR) implementation in Luxembourg

February 2017. Press Releases by Arendt & Medernach (view listing).

29/12/2016

​On 13 December 2016, to ensure compliance with the BEPS Action Plan, the Luxembourg Parliament adopted bill of law No. 7031 (CBCR Law) implementing Council Directive (EU) 2016/881 of 25 May 2016 (DAC IV) as regards mandatory automatic exchange of information in the field of taxation and introducing new reporting obligations for multinational companies. Based on the information attached, you should be able to assess the impact of the new legislation on your group companies by:

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New Circular Letter on the tax treatment of companies engaged in intra-group financing transactions

February 2017. Press Releases by Arendt & Medernach (view listing).

28/12/2016

On 27 December 2016 the Luxembourg Tax Authorities (Administration des contributions directes) issued Circular Letter L.I.R. – N° 56/1 – 56bis/1 (the “New Circular Letter”) on the tax treatment of companies engaged in intra-group financing transactions.

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Back to 2016 - Forward to 2017

February 2017. Press Releases by Arendt & Medernach (view listing).

>p> 20/12/2016

​2016 was a turbulent and busy year, not least in respect of legal and regulatory changes that may impact your business. We are pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law.

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VEGAS LEX, FAS Russia discuss tariff regulation and disputes after Supreme Court plenary adopts Reso

February 2017. Press Releases by Vegas Lex Law Firm (view listing).

VEGAS LEX and the Council of Power Producers association have held a conference attended by FAS Russia, dedicated to one of the most significant events concerning electricity, heat, gas and water supply,Resolution No. 63 of the Russian Supreme Court Plenary Session adopted on December 27, 2016.

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Societal impact company

February 2017. Press Releases by Arendt & Medernach (view listing).

15/12/2016

The law of 12 December 2016 (the “Law”) has introduced a new legal framework for companies having a social or societal impact: the société d’impact sociétal (the “SIS”).

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Societal impact company

February 2017. Press Releases by Arendt & Medernach (view listing).

15/12/2016

The law of 12 December 2016 (the “Law”) has introduced a new legal framework for companies having a social or societal impact: the société d’impact sociétal (the “SIS”).

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Perfection of the New Market Abuse Regime in Luxembourg

February 2017. Press Releases by Arendt & Medernach (view listing).

13/12/2016

Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or potential infringements of that Regulation (“Directive (EU) 2015/2392”). With the transposition of Directive 2014/57/EU and Directive (EU) 2015/2392, Luxembourg has ensured the effective implementation of the new market abuse regime deriving from Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “Market Abuse Regulation”) and its related implementing and delegated regulations, which had already entered into force on 3 July 2016.

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OECD adopts multilateral convention to implement BEPS measures

February 2017. Press Releases by Arendt & Medernach (view listing).

2/12/2016

On 24 November 2016, the Organisation for Economic Cooperation and Development (“OECD”) adopted the multilateral convention composed of the multilateral instrument (“MLI”) and explanatory statements (“ES”). The implementation of the MLI could result in significant changes to the bilateral tax treaties concluded by Luxembourg and may affect amongst other the tax treaty access of tax transparent entities. Unfortunately the MLI does not address the tax treaty access of collective investment funds and uncertainty remains in this respect.

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AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH

February 2017. Press Releases by Avellum Partners (view listing).

AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH

AVELLUM acted as the Ukrainian legal counsel to Deutsche Beteiligungs AG ("DBAG") in connection with the EUR5.9 million investment in Dieter Braun GmbH ("Braun").

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BGH: GbR can terminate tenancy agreement if there is a need to make personal use of the property

February 2017. Press Releases by GRP Rainer LLP (view listing).

A Gesellschaft bürgerlichen Rechts (GbR) [a type of German partnership constituted under civil law] is able to terminate a tenancy agreement if it needs to make use of the property itself. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court, in its judgment of December 14, 2016 (Az.: VIII ZR 232/15).

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Giambrone Invests in Technology to Assist with Class Actions

February 2017. Press Releases by Giambrone Law Studio Legale Internationale (view listing).

Giambrone has invested in high-tech software as part of our on-going policy to constantly improve the services to our clients; particularly those involved in class actions against fraudulent brokers.

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Exemption from liability for GmbH managing directors

February 2017. Press Releases by GRP Rainer LLP (view listing).

The managing director of a Gesellschaft mit beschränkter Haftung (GmbH), a type of private limited company in Germany, may be faced with liability claims if he breaches his obligations. That being said, it is possible under certain circumstances for him to request a full exemption from liability.

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Business succession post inheritance tax reform

February 2017. Press Releases by GRP Rainer LLP (view listing).

It was a long time coming before the reforms to inheritance tax became finalized. The legislation has since come into force with retrospective effect as of July 1, 2016. The reforms have ramifications for company heirs.

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Cyprus introduces rules to implement Country by Country reporting requirements

February 2017. Press Releases by Patrikios Pavlou & Associates LLC (view listing).

The Cyprus Minister of Finance issued a Decree on 30 December 2016, introducing a mandatory Country by Country (CBC) reporting requirement for multinational enterprise groups generating consolidated annual turnover exceeding €750m (MNE Group). 

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BAG: Fixed-term employment contract pursuant to court settlement

February 2017. Press Releases by GRP Rainer LLP (view listing).

Even in the case of fixed-term employment contracts concluded pursuant to a court settlement, employers need to ensure that the fixed term is effective. That was the verdict of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court.

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citizenship by investment programmes

February 2017. Press Releases by Patrikios Pavlou & Associates LLC (view listing).

The Cypriot passport ranks among the strongest in the world, as holders are able to travel to 146 countries without a visa, Cyprus Business Mail reports on 29th December 2016...

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GOLTSBLAT BLP ADVISES GETT ON ITS USD 100 M FINANCING FROM SBERBANK

February 2017. Press Releases by Goltsblat BLP (view listing).

Goltsblat BLP, the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised Gett, a global on-demand mobility company, on its USD 100 m financing from Sberbank.

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Baker & Partners Launches Jersey’s First Trust Litigation Text

February 2017. Press Releases by Baker & Partners (view listing).

Baker & Partners has launched Litigating Trust Disputes in Jersey: Law, Procedure & Remedies. This substantial new book is Jersey’s first practitioner text dedicated exclusively to trust litigation in Jersey’s courts.

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CJEU to rule on holiday entitlement following employee’s death

February 2017. Press Releases by GRP Rainer LLP (view listing).

Whether an employee’s holiday entitlement continues to exist after his death is still disputed. The Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, has since turned to the Court of Justice of the European Union (CJEU) for clarity on the matter.

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Competition law: Mandatory information in real estate advertising

February 2017. Press Releases by GRP Rainer LLP (view listing).

Anyone who publishes real estate adverts without the requisite information relating to the energy performance certificate is in breach of competition law. That was the verdict of the Oberlandesgericht (OLG) Hamm [Higher Regional Court of Hamm].

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AVELLUM Advises Bondholders Committee on DTEK Energy Long-Term Restructuring

February 2017. Press Releases by Avellum Partners (view listing).

AVELLUM acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the "Notes") issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group.

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AVELLUM Advises Kernel on Debut USD500 Million Eurobond Issue

February 2017. Press Releases by Avellum Partners (view listing).

AVELLUM acted as Ukrainian legal counsel to its longstanding client Kernel Holding S.A. ("Kernel") in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.

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BAG: Changes to employment contract

February 2017. Press Releases by GRP Rainer LLP (view listing).

If an employer wishes to make changes to assurances made in relation to occupational pension schemes and employees add their signatures to a relevant amendment in the employment contract, then they are subsequently bound by this. 

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Bär & Karrer on top of the Profile League Table by Mergermarket

February 2017. Press Releases by Bär & Karrer (view listing).

Earlier this month Mergermarket published its review on the 2016's most prolific individual DACH legal advisors. We are pleased to be ranked with Christoph Neeracher and Luca Jagmetti on the top of the table on rank one and two. Both are associated for 2016 with 11 completed deals and a total value of EUR 3 bn. The Mergermarket Profiler App lists Christoph Neeracher in total with 54 deals and Luca Jagmetti with 35 transactions.

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AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds

February 2017. Press Releases by Avellum Partners (view listing).

AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds

AVELLUM acted as the Ukrainian legal counsel to Canada Pension Plan Investment Board ("CPPIB") in connection with the acquisition of an approximate 48% stake in GlobalLogic Inc. from Apax Funds.

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Baker & Partners Seeks Candidate to Begin Pupillage in 2017

February 2017. Press Releases by Baker & Partners (view listing).

Baker & Partners is seeking a candidate to begin a 12-month pupillage in 2017 further to being granted ongoing Approved Training Organisation (ATO) status by the Bar Standards Board.

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Severance package for GmbH shareholder

February 2017. Press Releases by GRP Rainer LLP (view listing).

If a shareholder wishes to withdraw from a Gesellschaft mit beschränkter Haftung (GmbH), a type of German private limited company, this can give rise to disputes among the shareholders regarding the amount of any severance payment. This was the case, for instance, in proceedings before the Kammergericht (KG) Berlin (Higher Regional Court of Berlin).

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Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron

February 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron

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Gabriele Giambrone travels to Israel to seal a Joint Venture with an Israeli law firm to facilitate

February 2017. Press Releases by Giambrone Law Studio Legale Internationale (view listing).

The managing partner Gabriele Giambrone and the head of forex and binary options fraud department, Joanna Bailey, of Giambrone, an international law firm, will meet a leading Israeli law firm to conclude negotiations and devise a sound strategy with regard to the class action against Banc de Binary that Giambrone is bringing on behalf of the investors targeted by Banc de Binary in an attempt to retrieve their money.

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Exceptional notice of dismissal for working hours fraud

February 2017. Press Releases by GRP Rainer LLP (view listing).

Fraud relating to one’s working hours may constitute good cause justifying exceptional notice of dismissal. Having said that, a ruling of the Landesarbeitsgericht (LAG) Hamm [Regional Labour Court of Hamm] shows that for this to happen there needs to be admissible evidence to this end.

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Guidelines for competition development policy discussed at RSPP Competition Development Committee an

February 2017. Press Releases by Vegas Lex Law Firm (view listing).

On January 31, 2017, the Competition Development Committee of Russia’s Union of Industrialists and Entrepreneurs (RSPP) met with representatives of the Federal Antimonopoly Service (FAS Russia) to discuss steps to implement competition development programs, the concepts of the new tariff regulation and major changes in the procurement system.

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[KIM & CHANG] Ranked 68th among the 100 largest law firms - The American Lawyer’s Global 100 (2016

February 2017. Press Releases by Kim & Chang (view listing).

Kim & Chang has been named in the "Global 100," a special feature of The American Lawyer, a renowned US-based legal magazine, for three years in a row.  Our firm was ranked among the Top 100 firms in each of the following charts: 68th on the "Most Lawyers (rank by number of lawyers)", 59th on the “Most Revenue (rank by gross revenue)”, 46th on the “Most Profits Per Partners (rank by profits per partners).  Kim & Chang is the only Korean firm to be listed on these charts.

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Eye-catching advertising featuring misleading guarantee promises

February 2017. Press Releases by GRP Rainer LLP (view listing).

Advertising featuring a guarantee can be misleading if the guarantee promise is linked to conditions that are not clearly visible to consumers. That was the verdict of the Landgericht (LG) Frankfurt [Regional Court of Frankfurt].

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ETERNA LAW IS PLEASED TO ANNOUNCE STRENGTHENING OF THE REAL ESTATE PRACTICE WITH JOINING OF STANISLA

February 2017. Press Releases by Astapov Lawyers International Law Group (view listing).

Eterna Law is pleased to announce that Stanislav Gerasimenko, Senior Associate, joins our team on January, 25 as a Head of the Practice, in order to further enhance the Real estate practice.

Such appointment is caused by significant growth and development of the Real estate practice in the Kyiv office of Eterna Law and in accordance to the company's strategy aimed to strengthening of international opportunities to respond to the growing demand of Ukrainian and foreign customers for services in support of major transactions in the real estate sector.

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[KIM & CHANG] Ranked 10th among the largest 50 law firms based in the Asia-Pacific region

February 2017. Press Releases by Kim & Chang (view listing).

Ranked 10th among the largest 50 law firms based in the Asia-Pacific region - The American Lawyer’s Asia 50 (2016)

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Law No 15 of 2016, the New HR Law

    Law No. 15 of 2016 on Civil Human Resources was issued by HH the Emir Sheikh Tamim bin Hamad Al-Thani, recently.
  • [SOUTH KOREA] Questions on Product Safety Continue, Bringing About Strengthened Regulatory Oversight

    In the midst of growing public concern over the health hazards of certain household chemical products,¹ concerns are now being raised about the safety of chemicals in other types of products, such as "quasi-drugs" (e.g., toothpastes) and cosmetics.   
  • 16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)

    Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the Credit Suisse Group to meet regulatory requirements for systematically important banks.
  • 14 February 2017: BASF acquires Rolic Group

    BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
  • Italy implements a new Directive relating to the Transfer of Workers between Countries

    With the Legislative Decree 136/2016 which implements the “Enforcement” Directive (2014/67/UE)  Italy strengthens the rights and protections afforded to workers posted between Member States and elsewhere relating to their terms of employment, remuneration and working conditions.
  • Enabling the Business of Agriculture 2017

    The World Bank Group has released Enabling the Business of Agriculture 2017. The report presents data on legal barriers for farmers, entrepreneurs and businesses operating in agriculture in 62 countries and across the topics of land, seed, fertilizer, machinery, water, livestock, finance, markets, transport, and information and communication technology (ICT). SyCipLaw's  Rose Marie M. King-Dominguez ,  Alan C. Fontanosa ,  Franco Aristotle G. Larcina  and  Ruben P. Acebedo II  contributed to the report.
  • 15 February 2017: gategroup CHF 300 mio. bond issuance

    gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the listing of the new bond on the SIX Swiss Exchange.
  • Ending "Endo"

    “Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration.  “Endo” is layman’s term for end of employment contract.  It is the date indicated on the employment contracts and is dreaded by employees as it means the end of his or her employment.  Read more...
  • ANTITRUST LAWS: A GLANCE AT THE PHILIPPINE COMPETITION ACT

    Antitrust laws, also referred to as “competition laws”, are statutes developed to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Competition laws regulate and prohibit several questionable business activities such as market allocation/ de facto monopoly whereby companies agree to steer clear of each other’s identified geographical market or territories; bid rigging whereby conspiring entities manipulate the market with a view of retaining current market share and price for each entity; and price fixing whereby two or three entities agree on the same selling price. Competition laws are designed to maximize consumer welfare by regulating or preventing business activities which stifle competition.  Read more...
  • THE ERA OF PLAIN PACKAGING IS COMING IN THAILAND

    The latest legislative developments in the tobacco sector in Thailand are worrying the tobacco industry but also the food and beverage sectors as similar regulations may follow.