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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

 

Inheritance: Gifts during testator’s lifetime to be considered for purposes of compulsory portion

September 2016. Press Releases by GRP Rainer LLP (view listing).

A testator who makes a gift during his lifetime may give rise to tax advantages. However, any gifts need to be taken into account when calculating the compulsory portion.

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Interest Shown For The Kotor-Cetinje Cableway Concession

September 2016. Press Releases by Karanovic & Nikolic (view listing).

Montenegrin media outlets have recently reported that the initial phase of the tender for the pre-qualification procedure in awarding the concession for the Kotor-Lovćen-Cetinje cableway – announced on 3 August in the Official Gazette of Montenegro – will be open to interested parties until 5 October this year. The president of the Tender Commission, Daliborka Pejović, pointed out that seven potential concessionaires have so far shown great interest for submitting the required documentation in the pre-qualification stage.

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Karanović & Nikolić Advises The Seller Of Electric Buses For The City Of Belgrade

September 2016. Press Releases by Karanovic & Nikolic (view listing).

Karanović & Nikolić is pleased to have advised on the recent public procurement case in which our client – the seller – provided the City of Belgrade with five new electric buses for the city's public transport system. The team that led the client throughout the process was represented by Marjan Poljak, Partner, and Ana Stanković, Senior Associate.

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Italian Company To Acquire Bihać-Based Kombiteks?

September 2016. Press Releases by Karanovic & Nikolic (view listing).

Recent news reports from Bosnia tell us that the BiH government, represented by the federal prime minister for economic issues and investments, Suvad Osmanagić, paid a visit to Bihać with Ludovico Camozzi, the president and owner of Camozzi – an Italian company that produces industrial automation machinery.

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Sale Of Serbian Agricultural Land To Foreigners: What Does The Agreement With The EU Really Say?

September 2016. Press Releases by Karanovic & Nikolic (view listing).

Ever since Serbia’s Stabilisation and Association Agreement with the EU (‘SAA’) entered into force in September 2013, Serbian media have paid significant attention to the country’s obligations concerning the acquisition of agricultural land by foreigners. The fear of one part of the public appears to be that, due to the application of the SAA, large portions of Serbian agricultural land will be sold out to foreigners.

Here, we will take a look at what obligations precisely Serbia accepted under the SAA and what would happen if Serbia failed to act in accordance with these obligations.

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Drawing The Line – Parallel Import

September 2016. Press Releases by Karanovic & Nikolic (view listing).

This article was initially featured in CEE Legal Matters, June 2016 edition. ​

The contemporary business world has become fundamentally tied in with the progress of globalisation, and for anyone involved in it, that is no secret. Anybody would be hard pressed to find an industry that can exist and sustain itself in a purely national context, without – at least in some regard – relying on either a piece of legislation or a practice trend that is related to whatever kind of international functioning. A fine illustrative example of such an issue nowadays can be found in the international trade of fast moving consumer goods (and to a lesser extent pharmaceutical products), as well as the ways in which such products find their path to consumers' hands. More precisely, in the ways that products are moved on a cross-border basis, and how such movement corresponds with the respective national intellectual property (IP) protections in place, bringing us to a division between an international exhaustion of IP rights and the national exhaustion of these same rights. It is the presence of the parallel import issue that has sparked a rather controversial debate over which of the two is preferable.

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D&O insurance: BGH bolsters policyholders‘ rights

September 2016. Press Releases by GRP Rainer LLP (view listing).

Claims arising from a D&O (Directors & Officers) insurance policy can be ceded to the employer. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, in its ruling of April 13, 2016 (Az.: IV ZR 304/13).

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Memorandum On The Serbia-Bulgaria Gas Pipeline Construction To Be Signed Soon

September 2016. Press Releases by Karanovic & Nikolic (view listing).

According to latest media reports, the governments of Serbia and Bulgaria have agreed on the formulation of a new memorandum for the task of building a gas pipeline between the two countries, during a recent meeting of the group for gas connections in Central and South East Europe that was held in Budapest.

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Belgrade-Timisoara Highway Announced

September 2016. Press Releases by Karanovic & Nikolic (view listing).

​An interesting news update has recently come up in the media, as the Serbian roads company "Putevi Srbije", and the Ministry of Construction, Transport, and Infrastructure – together with the representatives of the relevant institutions in Romania – announced that a contract on implementing a cross border project of building the Belgrade-Timisoara highway is due to be signed in the next two weeks.

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Serbia’s Investment Potentials Presented In Paris

September 2016. Press Releases by Karanovic & Nikolic (view listing).

Media reports are letting us know that the "Serbia - A Strategic Crossroads between Western and Eastern Europe," conference was held in Paris on 15 September, where the French companies were presented with the political and economic environment in Serbia, as well as with the ensuing investment opportunities and the possibility of financing economic projects.

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Home office expenses - New flat-rate indemnity

September 2016. Press Releases by Claeys & Engels law firm (view listing).

In its new administrative instructions for the third quarter of 2016 published on 30 August, the National Social Security Office (NSSO) announced that the maximum indemnity for home office expenses has been increased from EUR 119.61 to EUR 122.01 per month.

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VEGAS LEX discusses the odd man out rule in drug procurement and interchangeability of drugs

September 2016. Press Releases by Vegas Lex Law Firm (view listing).

On September 22, 2016 VEGAS LEX Commercial group junior associate Anastasia Cheredova participated in the Fourth Partnering ‘Russian Medicines. An interdisciplinary dialogue’ in Kazan, organized by FAS Russia, the Healthcare Ministry of Tatarstan, and the Association of the Russian Pharmaceutical Manufacturers.

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BGH: Liability of managing director in case of unpaid social security contributions

September 2016. Press Releases by GRP Rainer LLP (view listing).

The managing director is responsible for ensuring proper payment of social security contributions. If these are not paid, he could potentially be personally liable for this.

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Cartel Office imposes high fines in response to illegal agreements

September 2016. Press Releases by GRP Rainer LLP (view listing).

Infringements of competition law or antitrust law can prove to be costly for businesses. That much is clear from the annual report for 2015 that was recently published by the Bundeskartellamt, Germany’s Federal Cartel Office. 

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VEGAS LEX attends Kommersant roundtable on payment discipline in utilities sector in Volgograd

September 2016. Press Releases by Vegas Lex Law Firm (view listing).

VEGAS LEX Partner, Head of Energy practice Evgeniy Rodin has moderated a roundtable discussion on the payment discipline and ways to resolve conflicts in the housing and utilities sector, organized by the Kommersant Publishing House.

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FG München: Prerequisites for exemption from inheritance tax in case of family home

September 2016. Press Releases by GRP Rainer LLP (view listing).

Family homes can only be passed on to one’s spouse or children free of tax if certain conditions are met. That was the verdict of the Finanzgericht (FG) München [Fiscal Court of Munich] in one of its recent rulings.

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Extraordinary dismissal under employment law

September 2016. Press Releases by GRP Rainer LLP (view listing).

Employment law provides for the possibility of extraordinary dismissal without prior notice. However, this can only be effective if there is good cause justifying this course of action.

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Inheritance tax reform: More stringent requirements for company heirs

September 2016. Press Releases by GRP Rainer LLP (view listing).

Germany’s federal government has settled on reforms to inheritance tax. Company heirs can continue to expect favourable tax treatment in the context of business succession.

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Employment law – Formal warnings

September 2016. Press Releases by GRP Rainer LLP (view listing).

In order to effectively issue ordinary notice of dismissal for reasons relating to conduct, it is often necessary for the employer to have previously issued a formal written warning.

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Baker & Partners Ranked Tier 1 for Jersey Dispute Resolution in Legal 500 Index

September 2016. Press Releases by Baker & Partners (view listing).

Baker & Partners has been ranked in the top tier of Jersey legal firms for Dispute Resolution in the 2016 Legal 500 Index. This makes Baker & Partners the only bespoke litigation firm in Jersey operating in the top tier.

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GmbH managing director: Right to remuneration despite being removed from post

September 2016. Press Releases by GRP Rainer LLP (view listing).

It is important to bear in mind when removing a managing director from his post for good cause that an employment relationship exists as well. These two legal relationships ought to be considered separately.

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14 September 2016: ETH/ESA start-up-programme

September 2016. Press Releases by Walder Wyss Ltd (view listing).

ETH Zurich was awarded the contract by the European Space Agency (ESA) for the ESA Business Incubation Centre Switzerland. The initiative was launched by the State Secretariat for Education, Research and Innovation. It supports selected young start-ups with a connection to space technologies.

ESA BIC Switzerland focuses on Swiss start-ups that apply innovative space technologies to challenges in other fields. It offers one of the most attractive programmes for young entrepreneurs in Switzerland. Eligible start-ups can receive up to EUR 500,000 of financial backing as well as technological and business support. The programme is currently projected to last for five years and will accept up to 10 start-ups per year. A jury made up of representatives from ESA, ETH Zurich and other partners will select the first start-ups for ESA BIC Switzerland this November. 

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Taxing The Business Atmosphere – Tax Administration’s Aggressive Inspections

September 2016. Press Releases by Karanovic & Nikolic (view listing).

An interesting trend can be noticed recently as the Serbian Tax Administration and Tax Police have raised their level of activity in conducting routine tax inspections in companies across the country. This is not to say that such activities can be labelled as unconventional on its own – seeing as how they present one of the fundamental aspects of the Administration's scope of work – but the ways in which they have been undertaken and their consequences do perhaps give some cause for concern.

 

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Truck cartel: Manufacturers may be faced with record penalty

September 2016. Press Releases by GRP Rainer LLP (view listing).

Several truck manufacturers should anticipate an antitrust fine that is likely to be higher than any previous fine to date in the EU. They stand accused, among other things, of price-fixing.

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The pitfalls of Berliner Testaments

September 2016. Press Releases by GRP Rainer LLP (view listing).

A Berliner Testament (Berlin will) is a widespread form of will in which spouses mutually appoint each other as sole heirs. While this spousal will offers many advantages, it also entails potential disadvantages.

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World-class Qualifications and prestigious International Awards

September 2016. Press Releases by Patrikios Pavlou & Associates LLC (view listing).

World-class Qualifications and prestigious International Awards

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Bundesverfassungsgericht: Sampling is permissible under certain circumstances

September 2016. Press Releases by GRP Rainer LLP (view listing).

The Bundesverfassungsgericht, Germany’s Federal Constitutional Court, recently had to grapple with the issue of whether greater value ought to be attached to artistic freedom or copyright law in a given case. In its judgment of May 31, the Court chose to bolster artistic freedom (Az. 1 BvR 1585/13).

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VEGAS LEX discusses attracting private investment to defence industry at ARMY 2016 Forum

September 2016. Press Releases by Vegas Lex Law Firm (view listing).

On September 7, 2016 VEGAS LEX organized a roundtable on Private Investment and PPP in the Defence Industry: Participants, Mechanisms and Prospects as part of the ARMY 2016 international military technical forum.

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Avoid mistakes in will

September 2016. Press Releases by GRP Rainer LLP (view listing).

Anyone who does not wish to have their estate distributed in accordance with the rules of intestate succession needs to prepare a will or contract of inheritance. In order to prevent disputes from occurring, it is important that the testator’s final wishes be clear.

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Slovakia: Schoenherr advises Albéa on the acquisition of Scandolara Slovakia

September 2016. Press Releases by Schönherr (view listing).

Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...

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19 August 2016: BLKB invests in Robo-Advisor True Wealth

September 2016. Press Releases by Walder Wyss Ltd (view listing).

Basellandschaftliche Kantonalbank (BLKB) and the Swiss robo-advisor True Wealth AG have entered into a strategic partnership. BLKB further acquired a minority stake in True Wealth.

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22 August 2016: Recordati acquires Pro Farma AG

September 2016. Press Releases by Walder Wyss Ltd (view listing).

Recordati, an international pharmaceutical group listed on the Italian Stock Exchange, acquires the Swiss pharmaceutical company Pro Farma AG.

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2 September 2016: Sale of Majority Stake in AutoForm Group

September 2016. Press Releases by Walder Wyss Ltd (view listing).

On 22 July 2016, the shareholder sold a majority stake in the AutoForm Group to Astorg Partners. AutoForm Group is a leading provider of software solutions for the design and sheet metal forming simulation. Astorg Partners is one of the most successful independent private equity companies in Europe.

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AVELLUM Advises in Connection with Increase of Horizon Capital’s Stake in Datagroup

September 2016. Press Releases by Avellum Partners (view listing).

Kyiv, 9 September 2016 - AVELLUM advises Custos Invest & Finance Inc., one of the Datagroup’s shareholders, in connection with the increase of the stake of Horizon Capital in Datagroup from significant minority to over 70%.

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OLG Thüringen: Misleading advertising through use of a manufacturer’s logo

September 2016. Press Releases by GRP Rainer LLP (view listing).

If a car dealership advertises with a manufacturer’s logo without being an authorized dealer, this may constitute misleading advertising vis-à-vis consumers and violate competition law.

Read more…

Baker & Partners to Hold Breakfast Briefing on Financial Institutions Caught Up in Fraud Litigation

September 2016. Press Releases by Baker & Partners (view listing).

Baker & Partners will be holding a Breakfast Briefing on fraud and asset recovery cases involving financial institutions on 22nd September, 8.00-9.30am, at The Royal Yacht Hotel.

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The lawyers of the Law firm “Jurline” successfully defended the interests of big agricultural tr

September 2016. Press Releases by Jurline (view listing).

The dispute resolution team of the Law firm "Jurline" successfully defended the interests of a group of agro-companies (import and distribution of plant protection products, seed, and fertilizers) in litigation dispute with the State Tax Inspection in Kyivskyi district of Odesa. 

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Get-out-of-jail-free card still an option

September 2016. Press Releases by GRP Rainer LLP (view listing).

The right of withdrawal for real estate loans concluded between November 2, 2002 and June 10, 2010 is set to come to an end on June 21, 2016. In the case of more recent agreements, withdrawal remains an option.

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Eterna Law successfully acted for European insurance company Credimundi NVSA member of Credendo grou

September 2016. Press Releases by Astapov Lawyers International Law Group (view listing).

Moscow, August 30th, - Moscow office of Eterna Law successfully acted for European insurance company Credimundi NVSA member of Credendo group in a dispute.  Insurance company Credimundi sued for a large coal company JSC "Southern Kuzbass Coal Company" subrogation on insurance payment in respect of the obligation breached by non-payment of the amount due for the supply of goods.

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Loan withdrawal to come before BGH again

September 2016. Press Releases by GRP Rainer LLP (view listing).

While the right of withdrawal for real estate loans concluded between 2002 and 2010 is set to come to an end on June 21, the courts will continue to grapple with the subject of withdrawal beyond this date.

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Mergers and acquisitions on the rise again

September 2016. Press Releases by GRP Rainer LLP (view listing).

The favourable environment is contributing to the increasing significance of M&A transactions among German businesses again, with mergers and acquisitions supposed to be a way for companies to strengthen their market position.

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GRP Rainer LLP: Assessing the appropriate legal form

September 2016. Press Releases by GRP Rainer LLP (view listing).

One important issue when establishing a company is choosing the appropriate legal form. Lawyers at GRP Rainer are able to assess the respective pros and cons as well as advise businesses when reaching their decision.

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Schoenherr assists Republic of Austria in offer to HETA-creditors

September 2016. Press Releases by Schönherr (view listing).

On Friday, 2 September 2016, the Austrian Finance Minister has given the green light to finance a public offer by Kärntner Ausgleichszahlungs-Fonds (KAF) to HETA creditors pursuant to § 2a of the Austrian Financial Market Stability Act. The offer will implement the Memorandum of Understanding (MoU) concluded in May 2016 between the Austrian Minister of Finance and a significant number of creditors of debt instruments issued by HETA ASSET RESOLUTION AG (HETA) that are subject to a regional law deficiency guarantee. The offer will be published by KAF on Tuesday, 6 September 2016.pdf read more...

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AVELLUM Advises Altran on Acquisition of Lohika

September 2016. Press Releases by Avellum Partners (view listing).

Kyiv, 5 September 2016 – AVELLUM advised Altran, a global leader in innovation and high‐tech engineering consulting, on the acquisition of Lohika, a software engineering services firm.

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AVELLUM Advised Allergan in Connection with a Global Sale of Part of Allergan’s Business to Teva

September 2016. Press Releases by Avellum Partners (view listing).

Kyiv, 4 August 2016 – AVELLUM advised Allergan Inc. in connection with the divestiture of its global generic pharmaceuticals business to Teva Pharmaceutical Industries Ltd through a complex cross-border carve-out.

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Still possible to withdraw from loans after June 21

September 2016. Press Releases by GRP Rainer LLP (view listing).

It is still possible to withdraw from a large number of real estate loans. The end of the withdrawal period only concerns loans that were concluded between November 2002 and June 2010.

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Withdrawal: Save several thousand euros at the last minute

September 2016. Press Releases by GRP Rainer LLP (view listing).

Consumers could potentially save several thousand euros at the last minute by withdrawing from their loans. However, the withdrawal period is set to come to an end at exactly 12am on June 21.

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Eterna Law achieved amicable settlement in an ICAC case on terms advantageous to a client

September 2016. Press Releases by Astapov Lawyers International Law Group (view listing).

Moscow,  September 5th –  Our client, a major French supplier of hardware and software for the confectionery industry, filed a claim with the International Commercial Arbitration Court (ICAC) against the largest confectionery manufacturer in the Russian market for the recovery of about EUR400,000 outstanding under a supply contract.

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The lawyers of the Law Firm “Jurline” achieved settlement for the client in GAFTA Board of Appea

September 2016. Press Releases by Jurline (view listing).

Two largest European grain traders had a dispute that arose out of a contract for wholesale supply of barley FOB Bourgas. The seller and buyer had a disagreement in relation to interpretation of contract terms of payment CAD (cash against documents). Because of this controversy, the seller refused to load the vessel, and the buyer declared the default of fulfilment of the contract by the seller, and subsequently re-routed the vessel to another port for purchase of barley under a replacement contract.

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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
  • Korea strengthens taxation on multi-national enterprises in 2017

    On July 28, 2016, the Ministry of Strategy and Finance (“MOSF”) announced the annual proposal to amend the tax law for 2017 (the “Proposal”). The Proposal was submitted to the National Assembly on 2 September 2016.
  • Protecting the ‘Little-Guy’ in Distributorship Arrangements in Korea

    - Enforcement Decree to the Fair Retail Agency Transactions Act
  • Single Continuous Infringement Concept and the Practice of the Turkish Competition Authority

    The concept of a single continuous infringement (" SCI ") enables competition authorities to consider a series of agreements or conducts that have the same objective to distort competition in the market as one single continuous infringement. Similar to the approach in the European Union, the Turkish Competition Authority ( Authority ) also considers this concept while assessing a case under Article 4 of Law No 4054 on the Protection of Competition of 13 December 1994 ( Law No 4054 ), which is akin to-if not the same as-Article 101 of the Treaty on the Functioning of the European Union ( TFEU ).
  • Broader Interpretation Boosts Anti-Avoidance Rules

    Businesses seeking to structure cross-border transactions in ways that help them avoid paying tax are finding it more difficult as authorities worldwide step up information sharing. One such example is the Global Forum on Transparency and Exchange of Information for Tax Purposes, which is driven by the Organization for Economic Co-operation and Development and has 135 members. The cabinet recently approved Thailand's membership in the forum.
  • Austria: Amendments to Gas Market Model Ordinance

    The Gas Market Model Ordinance plays a major role in the Austrian gas market, as it regulates network access and the capacity management and balancing system in Austria's three market areas: the east, Tyrol and Vorarlberg. read more...
  • [South Korea] Data Privacy Legal Update

    Proposed Amendment to the Enforcement Decree of PIPA
  • Applications under the Overseas Investment Act 2005 - a practical update

    New Zealand’s overseas investment regime has been in the media spotlight in recent times. While lobbying organisations and political parties closely scrutinise the decisions of the Overseas Investment Office ( OIO ), those in the investment community have raised concerns that the regime is overly burdensome and time consuming. Against this background, there have been a number of changes in process and regulation, with further changes in the pipeline, aimed at ensuring the regime is fit for purpose. This article provides a brief overview of the regime and then looks at some of the recent and impending developments.  
  • Arbitrators’ Liability: Austrian Supreme Court Reconfirms Strict Standards

    One of the main advantages of arbitration vis-à-vis state court litigation, is that the parties are free to choose independent and highly specialised experts to decide their cases. Yet, if these experts negligently (or even deliberately) violate the duties that come with the acceptance of the appointment, the issue of liability arises. read more...
  • On Gifts, Courtesies and Other Business Amenities

    Nurlan Sholanov Partner, AEQUITAS Law Firm
  • Promissory Note Holders Not Bound by Arbitration Clause in Underlying Contract

    This update discusses the recent case of  Rals International Pte Ltd v Cassa di Risparmio di Parma e Piacenza SpA  [2016] SGCA 53 where the Singapore Court of Appeal upheld the decision of the High Court that the assignee’s claim based on a number of promissory notes did not fall within the scope of the arbitration agreement in the underlying Supply Agreement. The assignee of such notes was therefore free to litigate in the courts.