Press releases and law firm thought leadership
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Our MD Mr. Soteris Pittas attended a seminar organised by the Ukrainian Bar Association and the Association of Judges of Ukraine in KIEV 02-11-2015
Our MD Mr. Soteris Pittas attended a seminar organised by the Ukrainian Bar Association and the Association of Judges of Ukraine at the premises of the High Specialised Court of Ukraine for Civil and Criminal Cases. The topic was "Application of New York Convention for Recognition and Enforcement of Foreign Arbitral Awards".
Our MD Mr. Soteris Pittas attended as a speaker, the International Conference “KIЕV ARBITRATION DAYS 2015: Think Big!” held on 05-06 November 2015, in Kiev, Ukraine, under the auspices of Ukrainian Bar Association.
In House Seminar for the Employees of SOTERIS PITTAS & CO LLC & MAGNUMSERVE LTD
The personnel of SOTERIS PITTAS & CO LLC and MAGNUMSERVE LTD, attended the In-House Seminar "Basic Principles of Corporate Law - with the hint of Business Law and Practice" which was successfully held on the 18th of December 2015 at our premises MAGNUM HOUSE by the Firm's Senior Legal Consultant, Mrs. Liza Bokova.
In House Seminar for the Employees of SOTERIS PITTAS & CO LLC & MAGNUMSERVE LTD
The personnel of SOTERIS PITTAS & CO LLC and MAGNUMSERVE LTD, attended the In-House Seminar "Case Management" which was successfully held on the 27th of November 2015 at our premises MAGNUM HOUSE by the Firm's Managing Director, Mr. Soteris Pittas.
In House Seminar for the Lawyers of SOTERIS PITTAS & CO LLC
The lawyers of SOTERIS PITTAS & CO LLC, attended the In-House Seminar "Service of Court Documents" which was successfully held on the 4th of November 2016 at our premises MAGNUM HOUSE by the Firm's Associate Lawyer, Ms. Nada Starovlah.
Counsel at VEGAS LEX Energy practice Yuriy Tatarinov spoke at a workshop on decommissioning of energy facilities for SIBUR Holding employees held at the Market Council Partnership training center.
Five truck manufacturers illegally fixed the prices of vehicles, among other things, over a period of 14 years. The financial loss incurred by forwarders and other transportation companies is enormous.
Old houses often have quirks that are not immediately noticeable. If the seller of one such property fails to fulfil his obligations to disclose and provide information, it may be possible to rescind the purchase agreement.
– increasing focus on business law within the energy sector
5 December, 2016
Foyen continues to enhance the firm’s offer of business law services through the recruitment of four lawyers from the Nyman Rudenstam Law Firm. With the recruitments, Foyen becomes an even stronger force in business law within the energy sector. At the end of the year, Tomas Rudenstam and Jonas Conradsson will join the firm as partners. At the same time, associates Yasmine Shoaie-nia and Elinor Pejryd from Nyman Rudenstam will also join the firm.
AVELLUM leads in the number of the largest public deals аccording to the recently published "TOP 50 Law Firms of Ukraine - 2016" ranking. We have advised on 12 out of 50 largest public transactions, reported by this edition.
Compliance systems ought to be effectively tailored to the needs of a business. GRP Rainer Rechtsanwälte is experienced in implementing compliance programmes.
Food products which give the impression that they contain ingredients when this is not in fact the case are misleading to consumers. That was the verdict of the Landgericht (LG) Amberg [Regional Court of Amberg] (Az.: 41 HKO 497/16).
On November 30, 2016 VEGAS LEX hosted a roundtable discussion about the legislative regulation of independent guarantees, credit legal relations with due account of the balance of rights and legitimate interests of the parties and relevant jurisprudence.
2 December, 2016
The ranking of tenders in framework agreements for architectural and engineering and consultants is destroying the industry. The purchaser is the big loser. Now when the Public Procurement Act is being reformed, there is a possibility to engage consultants in a better way. John Hane hopes that purchasers make use of the opportunity.
Anybody who insults their employer or superiors on social networks ought to anticipate the possibility of being dismissed without notice. Having said that, this is ultimately decided on a case-by-case basis.
Aggrieved parties to the truck cartel are entitled to claim damages. The law firm GRP Rainer Rechtsanwälte is reviewing the extent of these claims against the cartel members.
29 November, 2016
The renewable energy company OX2 has been awarded the construction contract for the Högkölen wind farm generating 65 MW (18 wind power turbines) in Ljusdal. The customer is Aquila Capital. Foyen Advokatfirma assisted OX2 in the negotiations regarding the turbine supply agreement and the service agreement. The partner in charge at Foyen was Jacob Hamilton.
Issues about water use regulation, wastewater discharge discussed at VEGAS LEX / FAS Russia workshop
On November 24, 2016, the VEGAS LEX law firm, with the participation of FAS Russia, organized a workshop on the legal regulation and dispute resolution practice in the field of water management, water supply, sewerage and wastewater discharge.
Employers are going to have to adjust to changes in employment contracts. Going forward, claims arising from exclusion clauses shall only be required to be in text form instead of written form.
It is possible even in the absence of an objective reason to apply a fixed term of two years to an employment contract if there had previously been work-from-home arrangements. That was the verdict of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court.
Bae, Kim & Lee LLC ("BKL") emerged from the ALB Korea Law Awards 2016 as one of the two biggest winners on the night, receiving highly coveted awards for "Deal Firm of the Year," "Litigation Law Firm of the Year," and "Intellectual Property Law Firm of the Year." In addition, the firm's reputation as advisor of choice on the biggest and most complex deals in the market was confirmed by wins for "Deal of the Year" in nearly all of the awarded categories, while BKL M&A partner Ri Bong HAN was honored as "Dealmaker of the Year" for the second consecutive year.
If it has been agreed that capital from an occupational pension scheme can be paid out in several instalments, the employer can take its bearings from the interest rates of secure forms of investment.
As in the case of a managing director of a German Gesellschaft mit beschränkter Haftung (GmbH) [private limited company], the director of a limited company (ltd.) can also be liable if payments are made after the company becomes insolvent.
On November 17, 2016 VEGAS LEX held a workshop on recent changes and judicial practices in the regulation of procurement by legal entities in the Russian fuel and energy sector.
Mortgage rates continue to fall. In view of this trend, withdrawing from a real estate loan that was taken out from June 10, 2010 onwards could be a financially attractive proposition.
22nd November 2016
The Foyen Law Firm represented Slussgården in its acquisition of Skanska’s Snäckan 8 office property in downtown Stockholm, where KPMG previously had its headquarters. Through the purchase, Slussgården increases its ownership by just over 23,500 square metres. The acquisition is conditional on a new zoning plan and building permits.
RSPP, VEGAS LEX discuss possibilities to expand localization of manufacturing and Special Investment
On November 15, 2016, RSPP hosted a conference on ways to localize production facilities in the Russian Federation and the new tool to stimulate producers, the Special Investment Contract, organized by RSPP and VEGAS LEX.
Kyiv, November 17th - Eterna Law summed up the results of its social initiative - "P2P" program for law students. This is the first in Ukraine annual scholarship program for law students studying at Ukrainian universities. Two successful winners will be receiving a monthly scholarship and a mentorship support of one of the firm's partners during the academic year. They will also be granted with unique possibility of an internship and employment with the firm. During the selection process more than 350 students of 4th-6th courses of five Ukrainian leading universities – Taras Shevchenko National University of Kyiv, Yaroslav Mudriy National Law University, Ivan Franko Lviv National University, Zaporizhzhya National University and National University "Odessa Law Academy"– competed for the right to be the best.Two winners - Viktoriya Polishcuk and Volodymyr Khomenko will start their internship in the firm starting from November 2016.Educational projects are a key focus of corporate social responsibility of the firm. Eterna Law is the only company in Ukraine that cooperates with all key legal faculties in the country. Leading firm’s lawyers regularly carry out master classes and workshops for students.
Gifts made more than ten years ago will no longer be taken into account in inheritance cases when calculating the compulsory portion. Having said that, there are exceptions which render this time limit inapplicable.
A lot of breweries name their beer after the location where it is brewed. As demonstrated by a ruling of the Oberlandesgericht (OLG) München [Higher Regional Court of Munich], the name is not always an indication of geographical origin as well.
AVELLUM acted as the Ukrainian legal counsel to AGCO in connection with obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the acquisition of Cimbria for EUR310 million.
Calculating the compulsory portion is often a matter of contention when it comes to the distribution of an estate. The Oberlandesgericht (OLG) Koblenz has ruled that the beneficiary of a compulsory portion is also obligated to provide the heir with information.
When faced with the prospect of imminent death, the testator can prepare a nuncupative will provided certain conditions are met. For this to happen, he needs to still be capable of making a will and three witnesses have to be present.
Baker & Partners has been recognised as an expert in offshore dispute resolution having achieved a second-tier ranking in Chambers UK 2017, a legal directory by Chambers and Partners which ranks law practices and lawyers operating within the UK.
Does the remarriage of a chief physician at a Catholic hospital justify his dismissal? This issue will have to be clarified by the Court of Justice of the European Union (CJEU) in the near future.
Dismissal on grounds of conduct is also a possibility in the event that an employee behaves in a way outside of the workplace that is unacceptable to his employer.
The Cyprus Fiduciary Association (CFA) organised an interesting, two-day seminar on “The Duties and Liabilities of Trustees” which took place on 19th and 20th October 2016, at St Raphael Hotel Limassol and the Filoxenia Conference Center Nicosia, respectively.
The Bundeskartellamt, Germany’s federal cartel office, has imposed a fine amounting to millions of euros against three television studios for unlawfully exchanging important information. It could not be proven that illegal agreements existed.
AVELLUM Advises UniCredit on Disposal of Shares in PJSC "Ukrsotsbank" in Favour of ABH Holdings S.A.
Kyiv, 7 November 2016 - AVELLUM advised UniCredit Group ("UCG") on Ukrainian law matters in connection with the disposal of 99.9% shares in PJSC "Ukrsotsbank", an asset of UCG in Ukraine, in exchange for a minority stake (9.9%) in ABH Holdings S.A.
31 October, 2016
Getting the Deal Through is a publication covering 75 business areas and containing information and analyses related to more than 150 jurisdictions. Many of the world’s leading lawyers and law firms have cooperated on Getting the Deal Through with the aim of compiling a unique information resource. The various sections in the publications have been authored by experts within the relevant subject area and jurisdiction.
Recent news bring us an update from the Energy Community (EC), whose latest report has outlined that Serbia has not resolved the key issue of non-compliance with the aquis – something that presents a continuous violation of obligations under the EC Treaty – by not completing the separation of Srbijagas and Yugorosgaz activities in accordance with the "Second Energy Package". The EC's report specifies that, in the reporting period, Serbia has in a way cancelled much of its prior efforts when it comes to the separation of these activities, effectively slowing down the process of harmonising secondary legislation. Furthermore, the EC has also requested Serbia to complete the transformation of its Electric Power Company into a joint-stock company by 1 July 2016 – another deadline that has been breached.
Aziz Rahman explains why the latest pharmaceutical bribery scandal emphasises the need for companies to have a strong compliance policy.
Accountants and advisors could face tougher fines for helping clients avoid paying tax. So how can they make sure they do not fall foul of the law?
Aziz Rahman explains the difference between wrongful and fraudulent trading and outlines what those in business need to know to avoid being accused of either.
Aziz Rahman examines some of the issues involved before, during and after a company collapses.
Putting right the wrongs and minimising the damage when your company is accused of business crime.
Different types of company present businesses with advantages as well as disadvantages, which is why it is particularly important during the start-up phase to think carefully when choosing the right corporate form.
Managing directors can end up being personally liable for breaches of obligations. GRP Rainer advises managing directors, assesses their risk and takes appropriate action.
Anyone who denotes goods as available for delivery despite the fact that they are sold out is violating competition law. This comes from a ruling of the Oberlandesgericht (OLG) Hamm [Higher Regional Court of Hamm] (4 U 69/15).