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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

 

Animal shelter effectively designated as heir in will

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

It is not possible for animals to inherit, but the same does not hold true for animal shelters. That being said, a clearly drafted will needs to be prepared for this to happen.

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Arendt & Medernach: Luxembourg Law Firm of the Year

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

Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.

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Submit a voluntary declaration leading to immunity for tax evasion while you still can

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

A voluntary declaration leading to immunity for tax evasion needs to be tailored to the exact circumstances of a given case. Only then can voluntary declaration actually lead to immunity.

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Dismissal with immediate effect after constantly working up working hours deficit

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

Flexible working hours are commonplace in many companies today. Notwithstanding this, employees must perform the work they owe to their employer pursuant to their employment contract, otherwise they may be faced with exceptional notice of dismissal.

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ILA Conference Cyprus

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

The Cypriot, French and Hellenic branches of the International Law Association (ILA) organised a successful conference on International Arbitration in Larnaca, Cyprus on 30th June and 1st July 2017.

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ETERNA LAW LAWYERS SUCCESSFULLY DEFENDED INTERESTS OF ONE OF THE LEADING EUROPEAN MANUFACTURERS OF V

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

Eterna law lawyers successfully defended interests of one of the leading European manufacturers of vitamins, pet food and pharmaceutical products-DSM Nutritional Products SP. z o. o.  in a dispute with the Ukrainian company. Eterna Law initiated proceedings in the commercial court of the city of Kiev, in connection with the unpaid delivered goods to Ukraine.

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European Commission imposes fine on Google for antitrust violations

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

The European Commission has imposed a fine totalling 2.42 billion euros on the internet giant Google for violating antitrust law.

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Cyprus Tax residency for Individuals - Period of stay reduced to 60 days

August 2017. Press Releases by Stelios Americanos & Co (view listing).

On the 14th of July the Cyprus Parliament passed a law amending the Income tax law of 2002 as to the requirements of tax residency of individuals in Cyprus.

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GSK Luxembourg expands its regulatory and investment funds practice with a new hire

August 2017. Press Releases by GSK Stockmann + Kollegen (view listing).

GSK Luxembourg expands its regulatory and investment funds practice with a new hire from Clifford Chance

GSK Stockmann’s Luxembourg office that opened a year ago is rapidly growing and is further expanding its regulatory and investment funds team. Arne Bolch has recently joined the Luxembourg team consisting of partners Dr. Marcus Peter, Andreas Heinzmann, Dr. Philipp Mössner and Mathilde Ostertag as a new local partner.

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GSK Luxemburg baut Aufsichts- und Investmentfonds-Praxis mit Partnerzugang von Clifford Chance aus

August 2017. Press Releases by GSK Stockmann + Kollegen (view listing).

Das vor einem Jahr eröffnete Büro von GSK Stockmann in Luxemburg wächst rasant und baut sein Aufsichts- und Investmentfonds-Team weiter aus. Als neuer Local-Partner verstärkt seit kurzem Arne Bolch das Luxemburger Team um die Partner Dr. Marcus Peter, Andreas Heinzmann, Dr. Philipp Mößner und Mathilde Ostertag.

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Wills in the case of unmarried couples

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

The Bundestag, Germany’s lower house of parliament, has voted in favour of what it is referred to in Germany as “Ehe für alle” (marriage for all), i.e. marriage equality. Spouses are automatically accounted for under the rules of intestate succession. However, this is not the case for unmarried couples. For these couples, the rules of intestate succession do not apply.

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GRP Rainer Rechtsanwälte: Experience in enforcing claims following trademark violations

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

If a registered trademark is infringed, it is possible to take action against this. GRP Rainer Rechtsanwälte is experienced in enforcing and fending off claims arising from trademark violations.

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Arnecke Sibeth’s Growth Trajectory Excels

August 2017. Press Releases by ARNECKE SIBETH (view listing).

Further new faces in the Firm: On August 1, a market recognized Real Estate Tax Team will join Arnecke Sibeth. Future Partner Alexander Lehnen will be joined by two further experts from Crowe Keeberg Real Estate. The new additions were all formerly with Big 4 Accountancies. They will strengthen the Firm’s Real Estate practice, which already includes more than 50 lawyers across all of its locations.

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Dismissal with immediate effect for competing business activity valid

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

If an employee acquires a major stake in a rival firm, his employer can issue him with a notice of dismissal with immediate effect.

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GRP Rainer Rechtsanwälte: Assessing claims to a compulsory portion

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

If close relatives of a testator are excluded from inheriting in a will or contract of inheritance, they are still entitled to their share of the statutory compulsory portion.

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Eterna Law has successfully represented a major Asian grain producing and trading company in a GAFTA

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

The matter arose out of a contract on sale of commodities to a Middle Eastern trading company on C&F delivery basis. The arbitration proceedings were commenced due to the buyer’s failure to effect full payment for the delivered quantity of the goods, compensate liquidated damages caused by delay in payment for the goods and take delivery of the balance quantity of the purchased goods. As a consequence, the GAFTA Tribunal found the buyer to be in breach of the contract, awarded the Client with an amount exceeding USD 1.5 million, as well as dismissed the buyer’s unquantified counterclaim for the claimants’ alleged failure to ship the goods.

The case was handled by Mr. Eugene Blinov, Partner and Head of International Arbitration Department, Mr. Ievgen Boiarskyi, Associate, and Mr. Vsevolod Mazurenko, Junior Associate.

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Advertising for medicinal products must relate to approved fields of application

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

Advertising for medicinal products must relate to approved fields of application. Failing this, the advertising may violate competition law as well as Germany’s Heilmittelwerbegesetz (HWG) [Advertising of Medicinal Products Act].

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Anti-competitive advertising featuring flat rate for tooth cleaning and bleaching

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

According to a ruling of the Oberlandesgericht (OLG) Frankfurt [Higher Regional Court of Frankfurt] from July 21, 2016, dentists offering tooth cleaning or bleaching services at a fixed flat rate are violating competition law (Az.: 6 U 136/15).

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Baker & Partners Provide Insights into Regulatory ‘Hot Topics’ for Local Industry

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

At a Breakfast Briefing Event this week, entitled ‘Walking The Tightrope’, Baker and Partners provided guidance on current regulatory ‘Hot Topics’ to Jersey’s compliance industry. The panel discussion facilitated by, Director of Regulatory and Compliance, Tim SmithAdvocate William Redgrave and Advocate Simon Thomas Baker & Partners, discussed several important areas of focus for finance industry professionals with particular emphasis on effective Suspicious Activity Reporting (SARs) and Sanctions issues.

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MOSCOW OFFICE OF ETERNA LAW REPRESENTED THE INTERESTS OF THE OWNER OF LARGE ASSETS (SHOPPING CENTER)

Eterna Law team represented the interests of the Group of companies located in Belgorod region in a dispute with the Federal Antimonopoly Service of Russia on sanctions for the violation of antimonopoly legislation of the Russian Federation in the form of an agreement with a public authority to limit competition.

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VEGAS LEX at INNOPROM-2017

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

VEGAS LEX Partner, Head of special projects Maxim Grigoryev has discussed problems in implementing special investment contracts (SPIC) and ways to avoid them, and the potential of SPIC for migration to best available technologies (BAT) at the INNOPROM-2017 International Industrial Exhibition in Yekaterinburg.

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ETERNA LAW SUCCESSFULLY REPRESENTED THE INTERESTS OF POLISH AGRO COMPANY

Eterna Law successfully defended the interests of Polish agro company in a dispute with the Ukrainian agro trader.

Eterna Law initiated proceedings in the commercial court of Chernihiv oblast in connection with baseless retaining pre-paid contracts for the supply of agricultural products

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VEGAS LEX discusses the formal logic tools and written communication skills

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

On 11 July 2017, VEGAS LEX held in its office the workshop “Dealing with the rule-making initiatives. The skills of drafting opinions and commentaries” dedicated to adjustment of key algorithms of logic analysis and written communication skills for the professionals of companies operating in pharmaceutical sector and related industries

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AVELLUM Advises Seller on Sale of Karavan Hypermarket Chain to Auchan Group

July 2017. Press Releases by Avellum (view listing).

AVELLUM acted as a legal advisor to the seller regarding the sale of Karavan Hypermarket chain to Auchan Group.

AVELLUM provided the seller with legal support in preparation, negotiation and signing of the transactional documents.

The transaction was subject to obtaining a merger control clearance of the Antimonopoly Committee of Ukraine.

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AVELLUM Advises Kernel Holding S.A. on Acquisition of Farming Business by Its Subsidiary

July 2017. Press Releases by Avellum (view listing).

AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a farming business that manages over 170,000 tons of grain storage capacity and over 27,500 hectares of leasehold farmland by one of its subsidiaries. Total consideration of the deal amounted to USD43.3 million and was paid in cash.

The Antimonopoly Committee of Ukraine approved the acquisition in May 2017.

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CJEU: Impermissible advertising for glucose featuring true statements

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

Even if health-related advertising claims are true, they may still mislead consumers and thus be impermissible. That was the verdict of the Court of Justice of the European Union (CJEU) (Az.: C-296/16 P).

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Bär & Karrer Advised the Sellers of Rotronic

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

The owners of Rotronic AG, which develops and manufactures measuring technologies, sold the company to funds managed by Battery Ventures.

Bär & Karrer acted as legal adviser to the sellers in this transaction. The team included Christoph Neeracher, Thomas Rohde, Philippe Seiler, Yves Suter and Sarah Nyfeler (all M&A), Susanne Schreiber and Cyrill Diefenbacher (both tax) as well as Corrado Rampini and Charles Gschwind (both real estate).

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BKL Partner Kap-You (Kevin) KIM Appointed as President of KCAB International Arbitration Committee

July 2017. Press Releases by Bae, Kim & Lee LLC (view listing).

Mr. Kap-You (Kevin) KIM, a senior partner at Bae, Kim & Lee LLC (“BKL”), has been appointed as President of the International Arbitration Committee of the Korea Commercial Arbitration Board (“KCAB”).

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MOUHAMED KEBE APPOINTED AS A MEMBER OF THE ICC’S INTERNATIONAL COURT OF ARBITRATION

July 2017. Press Releases by GENI & KEBE (view listing).

The International Chamber of Commerce’s (ICC’s) International Court of Arbitration is recognised as one of the world’s leading arbitration institutions.  It administers arbitrations from 3 locations (Paris, Hong Kong and New York) through a Secretariat working in 28 languages.  Court Members are experienced arbitration practitioners drawn from over 100 countries.

The Court has appointed Mouhamed Kebe, Managing Partner of sub-Saharan law firm GENI & KEBE, as a new Member of the Court from 1 July 2017.

Mr Kebe holds a Certificate in Commercial and Investment International Arbitration from the University of London and is a chartered arbitrator before the Arbitration Court of the OHADA States.

“Strong arbitration institutions are an important factor in encouraging commercial confidence,” explains Mr Kebe.  “It is an honour to be appointed to the ICC’s International Court of Arbitration and I look forward to providing high quality and efficient service to the Court’s users.”

Mr Kebe is one of 41 new appointed members from 38 countries.  The Court’s President, Mr Alexis Mourre, notes ““The diversity of new Court members underscores our commitment to ensure the Court draws on the full range of expertise and experience found in our global network.”

For more information, please see

https://iccwbo.org/media-wall/news-speeches/icc-court-announces-new-members/ 

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FAVOURING SLOVENIAN ORIGIN IS CONTRARY TO EU LAW

July 2017. Press Releases by Karanovic & Nikolic (view listing).

On the 8th of June, 2017, the Court of Justice of the European Union (CJEU) reached an important decision in the case Medisanus d.o.o. v General Hospital Murska Sobota (C-296/15) concerning public procurement procedures. The judgement is relevant from both the procedural aspect - since the National Review Commission (DKOM) was acknowledged for the first time as a “national court” for the purposes of Article 267 of the Treaty on the Functioning of the European Union (TFEU), as well as from the substantive point of view – due to the emphasis on the principle of equal treatment and the prohibition of discrimination within public procurement procedures.

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GRP Rainer Rechtsanwälte: Assessing managers’ liability risk

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

Company managers bear a high level of not only responsibility but also risk. Various measures can be taken to reduce the risk of directors’ and officers’ (D&O) liability.

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Making arrangements for one’s estate early on with a will or contract of inheritance

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

Inheritance is set to become an ever more important topic in the coming years, which is why it is more crucial than ever to think about the distribution of one’s estate at an early stage.

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Régis Muller joins MOLITOR as Counsel

July 2017. Press Releases by MOLITOR Avocats à la Cour (view listing).

Luxembourg, 10 July 2017 - MOLITOR Avocats à la Cour announces the arrival of Régis Muller to its Employment, Pensions & Immigration Department.

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TAX TREATMENT OF INTRA-GROUP BACK-TO-BACK FINANCING ARRANGEMENTS

July 2017. Press Releases by Stelios Americanos & Co (view listing).

The Cyprus Tax Department ("TD") has issued an interpretative Circular on 30th of June as to the tax treatment of intra group back to back financing arrangements. This follows the TD announcement that it will cease applying the minimum accepted profit margin on back to back loan schemes as agreed in July 2011.

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DC Finance Family Office & Wealth Management Conference in Israel: Cyprus Citizenship and Permanent

July 2017. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC, participated in DC Finance conference in Israel on the 13th of June 2017. The seminar took place at Hilton, Tel-Aviv.

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Occupational rehabilitation management program and dismissal due to illness

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

In the case of sick employees, employers ought to closely explore the possibility of an occupational rehabilitation management program. Otherwise, dismissal due to illness may be invalid.

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VEGAS LEX discusses the judicial practice concerning the debt collection in the housing and utility

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

Ilya Shengeliya, VEGAS LEX’s Southern Directorate Project manager, made an overview of the judicial practice concerning non-payments in the housing and utility sector at a round-table meeting of the Publishing House "Кommersant” in Rostov-on-Don.

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Voluntary declaration for tax evasion still possible

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

While the number of voluntary declarations for tax evasion is declining, voluntary disclosure remains possible and is the only way of avoiding the imminent prospect of a conviction for tax evasion.

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Russian Industrialists, VEGAS LEX and FAS Russia discuss the specifics of, and judicial disputes in

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

On 22 June 2017, there was held a roundtable of the Russian Union of Industrialists and Entrepreneurs (RUIE) and VEGAS LEX, involving FAS Russia, dedicated to the matters of legal regulation of the energy resources supply to industrial enterprises.

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Foyen recruits public procurement specialist

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

Press release 29th of June 2017

Foyen Advokatfirma has recruited senior associate Ann Liljedal from the Administrative Court in Falun. Ann joins Foyen’s Public Procurement and Construction business sectors.

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Bär & Karrer Advises CliniSciences on the Acquisition of BIOTREND Chemicals

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

On 13 June 2017, CliniHolding S.à r.l. (CliniSciences) acquired the entire stake in BIOTREND Chemicals AG (BIOTREND) from its founders. BIOTREND is a leading distributor of high-quality reagents and biochemicals for the life science research community in Switzerland, Germany and USA.

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GRP Rainer Rechtsanwälte: Experience in antitrust law – 9th amendment to the GWB

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

Antitrust law is not something that merely concerns large corporations. It also affects small and medium-sized businesses. Violations of antitrust law can be met with severe penalties.

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Foyen has represented Åby Travsällskap in a trade fair centre and hotel joint venture project

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

30 June, 2017

Åby Travsällskap has entered into a joint venture with Klövern for the construction of a trade fair centre and hotel adjacent to the Åby Racetrack in Mölndal. The project value is approximately SEK 500 million and approximately 30,000 sq. m. of lettable space is involved.

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The realities and forecasts of the practice for recovery of damages were discussed

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

The law firm VEGAS LEX and Pravo.ru held a breakfast meeting dedicated to the main trends, rules and specifics of, and exceptions to, the practice for recovery of damages.

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Bär & Karrer Advises Banque Cantonale de Genève on the Placement of CHF 200 Million Additional Tie

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

Banque Cantonale de Genève successfully completed the placement of CHF 90 million perpetual additional tier 1 subordinated bonds and CHF 110 million tier 2 subordinated bonds due 2027. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 2.00%. The tier 2 subordinated bonds were issued at 100.024% of their nominal amount with an interest of 1.125% and will mature on 28 June 2027 at their nominal amount. Both bonds have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well. UBS AG, Zürcher Kantonalbank and Banque Cantonale de Genève acted as Joint Lead Managers.

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Cederquist represents Qliro Group in its divestment of Lekmer to Babyshop

July 2017. Press Releases by Advokatfirman Cederquist (view listing).

Cederquist has represented Qliro Group AB (publ) in its divestment of Lekmer AB and Scandinavian Kids Group AB.

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VEGAS LEX and Federal Tax Service of Russia discuss the change of directions of the tax control and

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

The main trends of the tax control and the matters of taxation and tax collection were discussed at a round-table meeting of VEGAS LEX with the participation of the Federal Tax Service’s representatives.

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AVELLUM Advises Investor on Acquisition of 99.91% Stake in Marfin Bank from Cyprus Popular Bank

July 2017. Press Releases by Avellum (view listing).

AVELLUM advised Saggarco Ltd on the acquisition of 99.91% stake in PJSC Marfin Bank (“Marfin Bank”) from Cyprus Popular Bank Public Co Ltd (“CPB”).

We assisted our client with the due diligence of Marfin Bank, pre-transaction restructuring, transaction documentation, approvals of the National Bank of Ukraine and the Antimonopoly Committee of Ukraine.

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AVELLUM Advises MHP on Benchmark Eurobond Issue

July 2017. Press Releases by Avellum (view listing).

AVELLUM acted as Ukrainian legal advisor to MHP S.A. (“MHP”) on the benchmarck USD500 million, 7 year, 7.75% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries. The joint lead managers on the transaction were J.P. Morgan Securities plc and London Branch of ING Bank N.V.

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Eterna Law Kazakhstan advised Jacobs Kazakhstan

Eterna Law Kazakhstan advised Jacobs Kazakhstan in relation with its re-registration. Services included preparation and filing of corporate resolutions and other documents, required by law. The project was handled by Konstantin Derbyshev, Senior Associate.

Eterna Law Almaty office is recommended by Legal 500 in the field of Corporate and M&A (Tier 3). 

Read more…

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New requirement for all issuers operating on the Luxembourg Stock Exchange

    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website www.arendt.com section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
  • First VAT EU case law on the cost-sharing VAT exemption

    The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases. Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).
  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.