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 email@example.com
Search News and Articles
In 2009, APEC Leaders launched the Ease of Doing Business (EoDB) Action Plan which sets an APEC-wide aspirational target to make it 25% cheaper, faster and easier to do business within APEC economies by 2015.
Studio Legale Villata, Degli Esposti, Perfetti e Associati is pleased to announce the forthcoming publication of the sixth edition of Professor Villata's monograph entitled "Pubblici Servizi. Discussioni e Problemi" (Public Services. Issues and Debates) and issued by the law publishing house Giuffrè. The volume consists of an in-depth analysis of the much-discussed subject of public services and provides a remarkable intake on the matter from an exceedingly knowledgeable scholar, in light of recent developments in legislation and jurisprudence.
Budidjaja & Associates becomes the Indonesian law firm member of TAGLaw, an international alliance of independent law firms
TAGLaw®, a leading global alliance of high-quality, independent law firms, has recently named Budidjaja & Associates (B&A) as its first and the only member for Jakarta, Indonesia. This puts TAGLaw's growing membership at 150 member firms that employ over 9,200 lawyers located in 320 offices across 84 countries around the world.
AstapovLawyers has been recognized TOP-3 band in corporate/M&A and tax in Ukraine according to the latest survey 2014 by KyivPost, a well-known English speaking edition. The survey findings are based on a peer review conducted by the Kyiv Post in August of 90 law firms.
The Administrative Court of Hamburg decided on 27 August 2014 that Uber, a provider for a smartphone-app for on-demand transportation services, may continue providing its services in Hamburg. With its decision, the Administrative Court ordered the suspensive effect of the objection against the prohibition order of the city of Hamburg. The decision of the Hamburg authorities were formally unlawful as the traffic authorities were not the responsible authority and the prohibition order could not be based on the Passenger Transportation Act (Personenbeförderungsgesetz).
The Companies (Guernsey) Law, 2008 ("Companies Law") provides for companies, protected cell companies ("PCCs"), incorporated cell companies ("ICCs") and cells of PCCs and ICCs to be placed into administration and for an administrator to be appointed to manage that entity's affairs whilst the administration order remains in force.
The concept of administration in Guernsey was first introduced for PCCs in 1997, but has expanded its scope to cover all other types of companies that can be registered in Guernsey. Administration, like the equivalent procedure in other jurisdictions, provides insolvent companies with breathing space in order to maximise realisations and asset values without increasing liabilities, which, in turn, favours creditors.
A company incorporated and existing in one jurisdiction may consider it desirable to continue as a company existing elsewhere for a variety of reasons including, for example: to be in a time zone closer to investors; to conduct its affairs in a manner more familiar to its stakeholders; to benefit from a more modern and/or flexible statutory or regulatory environment and/or a more appropriate tax framework.
To achieve this, it may consider moving its domicile, thus changing its nationality and becoming subject to the preferred legal system. In this respect, companies that have been incorporated in other jurisdictions may choose to redomicile to Luxembourg. Equally, Luxembourg companies may look to move to other jurisdictions. Also known as 'continuance' or 'redomiciliation' in other jurisdictions, this process is generally known in Luxembourg as 'migration' and may be either inbound or outbound, depending on whether Luxembourg is targeted jurisdiction or the jurisdiction of origin.
Kim & Chang has been named as the "Best Law Firm for Asset Management" from AsianInvestor Korea Fund Awards 2014, hosted by AsianInvestor affiliated with Haymarket Media Ltd, a global media company. It is the fourth consecutive year that the firm has been honored for this award.
Kim & Chang has been selected for the "Legal Innovation in Real Estate Finance" award for providing exceptional legal advice in connection with the case involving KHFC's issuance of two different types of covered bonds in the first-ever Financial Times (FT) Asia-Pacific Innovative Lawyers Awards 2014.
Kim & Chang has been recognized as one of the world's top 150 law firms in the Who's Who Legal 100 (2014 edition, 3rd edition), published by Who's Who Legal that is an international publication affiliated with London-based publishing group, Law Business Research. Kim & Chang has been the only law firm in Korea to be included in the list for three consecutive years.
Kim & Chang has been awarded "Korea Law Firm of the Year 2014" in Who's Who Legal Awards 2014 by Who's Who Legal, an international legal media published by Law Business Research. This is the ninth consecutive year that our firm has been honored for this recognition.
Kim & Chang has been selected by the Global Competition Review (GCR) as the recipient of the "Regional Firm of the Year - Asia-Pacific, Middle East & Africa Award," at the 4th Annual GCR Awards held at the W Hotel in Washington, D.C. on March 25, 2014.
The Asian Lawyer All-Star Legal Awards 2014, hosted by Asian Lawyer Magazine (ALM), was held in Hong Kong on March 5, 2014.
Kim & Chang has been recognized as a top 100 law firm in its practice of international arbitration. The firm was recently ranked 32nd amongst the "Top 100 Law Firms" (also known as GAR 100) by a renowned international arbitration publication, Global Arbitration Review (GAR).
Kim & Chang has again won the "Korea Law Firm of the Year" award at the IFLR Asia Awards 2014. With this award, Kim & Chang has been named the top law firm in Korea for twelve consecutive years by IFLR (International Financial Law Review), which is published by Euromoney, one of the world's leading media group. The awards were given based on the firm's performance in 2013.
Stamford Law is advising the receivers and managers of Singapore Flyer Pte. Ltd. (in receivership) (SFPL) in the S$140 million sale to Straco Leisure Pte. Ltd of SFPL's business and assets, including the giant observation wheel known as the "Singapore Flyer".
Stamford Law advised International Game Technology, a company listed on the New York Stock Exchange, on the gaming law aspects of the definitive merger agreement with GTECH S.p.A. for the acquisition of IGT by GTECH for US$6.4 billion, comprising of US$4.7 billion in cash and stock and the assumption of US$1.7 billion in net debt.
Stamford Law advised certain bondholders in relation the proposed acquisition of SGX-listed Goodpack Limited by a KKR affiliate by way of a scheme of arrangement, which values Goodpack at approximately S$1.399 billion.
The Stamford deal team by was led by Directors Bernard LUI and LIM Swee Yong.
Stamford Law is advising SGX-listed Q & M Dental Group (Singapore) Limited, a growing private dental healthcare group in Asia which operates the largest network of private dental outlets in Singapore, in (i) its proposed grant of a call option to Heritas Helios Investments Pte. Ltd., a healthcare private equity fund seeded by IMC and managed by IMC's wholly-owned subsidiary, Heritas Capital Management Pte. Ltd. and (ii) its proposed rights issue, to raise approximately S$44 million collectively.
Bernard LUI and Parikhit SARMA are leading the transaction.
Stamford Law is advising SGX-listed Giken Sakata (S) Limited on its proposed placement to raise gross proceeds of up to S$24 million. Religare Capital Markets is the placement agent for the proposed placement.
The Stamford deal team was led by LIM Swee Yong and Marcus TAN.
Stamford Law is advising SGX-listed JK Tech Holdings Limited in relation to: (a) the proposed acquisition of certain oil concession interests and related assets in Alaska for an aggregate consideration of US$52.5 million; and (b) the proposed placement to raise gross proceeds of S$60 million. DBS and Maybank Kim Eng are the joint placement agents for the proposed placement.
Directors Bernard LUI and LIM Swee Yong are leading the transaction.
Stamford Law is advising SGX-listed AusGroup Limited on its proposed acquisition of certain Australian subsidiaries of SGX-listed Ezion Holdings Limited which are engaged in the business of operating a port and marine supply base, ship chartering services and maritime training to indigenous workers, for an aggregate consideration of S$55 million.
Directors Bernard LUI and LIM Swee Yong are leading the transaction.
Stamford Law advised SGX-listed Vallianz Holdings Limited on its placement to raise gross proceeds of S$54 million. UOB Kay Hian, Tata Capital and Religare Capital Markets acted as placement agents for part of the placement tranche.
The Stamford deal team was led by LIM Swee Yong and Parikhit Sarma.
Stamford Law has advised SGX-listed Polaris Ltd. on (i) its acquisition of shares in Indonesian-listed PT Trikomsel Oke Tbk for an aggregate consideration of S$65.8 million, and (ii) its placement raising gross proceeds of S$150 million which were used to acquire additional shares in Trikomsel for a consideration of S$149 million. Both Polaris and Trikomsel are involved in the retail and distribution of telecommunication and multimedia products in Singapore and Indonesia respectively. As a result of the acquisitions, Polaris will expand its geographical footprint in Asia and gain access to Trikomsel's extensive brand portfolio in Indonesia.
Director Lim Swee Yong led the transaction.
The judgment in the Court of Appeal in the above matter considered an appeal on one part of the judgment of Lieutenant Bailiff Chadwick (the Judge) of December 2013 (the remainder of the appeal is yet to be heard). Whilst the dispute itself was a complex trust dispute involving several parties' claims and counterclaims in relation to various transactions, this appeal focussed a very specific but important point; can Guernsey-based trustees of a Jersey-law trust benefit from the limitation of liability provisions available to trustees under article 32 of the Trusts (Jersey) Law 1984 (the Jersey Trust Law) in relation to a contract, the governing law of which is not Jersey?
This memorandum has been prepared for the assistance of clients considering creating a trust in Jersey. It is intended to provide a summary of the main legal requirements and general principles applicable to the establishment and administration of trusts. It is not intended to be comprehensive in its scope and it is recommended that a client seek legal advice on any proposed transaction prior to taking steps to implement it.
This memorandum has been prepared on the basis of the law and practice as at August 2014.
This briefing has been prepared for the assistance of clients domiciled outside Jersey who are considering making a Jersey will. It is not intended to be a comprehensive analysis of the relevant legal principles or requirements and specific legal advice should be sought.
It is generally advisable for an individual domiciled outside Jersey to make a will covering the disposition of his or her Jersey assets on death, but the precise needs of any one person will depend upon their individual circumstances.
The importance of private antitrust lawsuits in Russia has risen significantly over the past few years. In 2000-2011 such claims were satisfied quite rarely. However, in January 2012, a provision directly entitling to sue a legal entity, which committed an antitrust violation, for damages caused by such violation, was introduced into Russian law. Since that time, the overall number of private antitrust lawsuits filed in Russian courts has substantially increased, as well as the number of satisfied claims.
VDB Loi assists as Heineken secures first ever distribution license from Myanmar Investment Commissi
Just a quick note to alert you to an important development:
Leading Myanmar law and advisory firm VDB Loi assisted Heineken and the Heineken-owned Asia Pacific Brewery with securing a permit for the nationwide distribution of certain products. The permit was issued by the investment regulator in Myanmar, the Myanmar Investment Commission, and posted on its website. This is the first time that the MIC licenses a foreign owned company to undertake distribution activities in Myanmar. Generally speaking, distribution is still tightly restricted for foreign companies in the otherwise newly opened market. The right to distribute products in Myanmar is highly sought after by consumer brands, car distributors and suppliers of equipment and materials.
Banking & Finance practice of Goltsblat BLP advises that, on 2 August 2014, Federal Law No. 218-FZ "On Amending Certain Laws of the Russian Federation" dated 21 July 2014 ("Law No. 218"), introducing significant changes to Federal Law No. 173-FZ "On Currency Control" dated 10 December 2003 (the "Currency Control Law"), came into force.
On the one hand, Law No. 218, among other things, extends the list of transactions the income from which can be credited to foreign accounts (including deposit accounts) of Russian residents.
In September 2013 - July 2014 Zavadetskyi Advocates successfully represented Ukrainian subsidiary of the leading global provider of telecommunications equipment and network solutions, ZTE Corporation, in criminal investigation of USD 5 million corporate fraud committed against the company in Ukraine. Advocates of the firm provided ZTE Corporation with advice and representation within the criminal procedure were suspects were identified and the fraud has been thoroughly investigated.
Team of four criminal advocates for this case was led by director of the bureau advocate Oleksandr Zavadetskyi.
Zavadetskyi Advocate congratulate their new senior counsel advocate Viktoriya Lysenko, who has successfully completed her probation with the firm. Prior to joining advocacy Viktoriya has served eight years in the internal affairs offices as criminal investigator, including on senior positions. Most part of her time in profession she devoted to investigation of white-collar crimes and drugs trafficking as well as to the advocacy in these areas.
Lawyers from Pepeliaev Group's alliance with Russin & Vecchi will take part in the 18th international Sakhalin Oil & Gas Conference from 22 to 25 September 2014 in Yuzhno-Sakhalinsk.
Pepeliaev Group's Director of Offshore Projects & PSA Group Pavel Kondukov will address the conference on topical issues and the anticipated changes in the taxation of companies in the Far East and Sakhalin. Sergei Lazarev, Managing Partner of Russin & Vecchi, will speak on "Contract labour in Russia. Now that the law has been adopted, you need to prepare for the changes".
Those taking part in the Conference will also have the opportunity to benefit from tax and customs advice from the alliance's leading experts: joining Pavel Kondukov and Sergei Lazarev will be Olga Evseeva, an associate from Pepeliaev Group's Customs Law and Foreign Trade Regulation Practice.
Every year the Sakhalin Oil & Gas Conference brings together major players from the oil and gas industry worldwide. It gives them the opportunity to talk over the most pressing issues facing the sector and to share their experience on a range of difficult topics. The event is supported by the Government of the Sakhalin Region.
This year, special emphasis will be placed on analysing the Sakhalin-1 and Sakhalin-2 projects, and on discussing the world liquefied natural gas markets. Also coming under the microscope will be Russia's role in the Asian and Pacific markets, transportation and logistics issues in the Far East and safeguarding industrial and environmental safety during exploration for and the production of hydrocarbons.
Among the keynote speakers at the Conference will be Alexander Khoroshavin, Governor of the Sakhalin Region, who will talk about the role of Sakhalin and the Russian Far East in the World Energy System. The many other notable industry figures alongside him will include Kirill Molodtsov, Deputy Minister of Energy, JSC GAZPROM Deputy Chairman Aleksandr Medvedev, President & Country Chair of Shell in Russia Olivier Lazare, and Vice President of Exxon Neftegas Ltd Roger Higham.
Hadfields Philips and insolvency administrator Ottmar Hermann assign Jones Lang LaSalle.
Shortly after the signing of a USD 2.5 billion investment loan agreement, KGHM Polska Miedź announces the completion of another major financing project.
IKB Leasing GmbH (IKBL) has securitized a portfolio of lease receivables via German Mittelstand Equipment Financing SA (GMEF). The European Investment Bank (EIB) was one of the investors in the senior Class A Notes issued by GMEF.
Schoenherr, a leading law firm in Central and Eastern Europe, advised Laakman Holding Limited on the increase of their participation in the listed fund company C-QUADRAT Investment AG from 9.4 % to 18.4 %. read more...
Zavadetskyi Advocates advised a US private equity fund regarding USD 110 million divestiture from Ukrainian commercial real estate project.
Zavadetskyi Advocates advised a Canadian private investor regarding USD 7 million divestiture from Ukrainian agricultural project.
Zavadetskyi Advocates advised Ukrainian subsidiary of an EU banking group in transaction for restructuring of USD 60 million loan to a large industrial conglomerate. Transaction included due diligence of debtor's group of companies, reconstruction of corporate structure of the debtor, antitrust clearance, transfers of corporate rights, modification of facility and collateral contracts and practical implementation of the deal.
Zavadetskyi Advocates represented US publishing house in alleged tax avoidance criminal procedure in Ukraine on defense side.
Vienna, 28 July 2014. Fellner Wratzfeld & Partners (fwp) advises UniCredit Bank Austria AG on acquiring Immobilien Holding GmbH, which until now was wholly owned by Immobilien Privatstiftung.
AstapovLawyers International Law Group has provided corporate tax consulting and legal advisory to the joint stock oil company Bashneft, one of the Russia's largest integrated oil companies, due to its contemplated expansion into new market in the Southeast Europe.
On 6 June 2014, draft primary legislation to provide the Jersey Financial Services Commission with the power to impose civil financial penalties for material contraventions of the Codes of Practice and the AML/CFT Handbook was published.
Who will be affected?
All entities registered under the Banking Business (Jersey) Law 1991, the Insurance Business (Jersey) Law 1996 and the Financial Services (Jersey) Law 1998 must adhere to the relevant Codes of Practice published by the JFSC. Entities registered under the Proceeds of Crime (Supervisory Bodies) Law 2008 are required to adhere to the JFSC AML/CFT Handbook.
Pepeliaev Group announces that three new partners of the firm have been elected. In August 2014 heads of the Employment and Migration Law Practice, Customs & Foreign Trade Regulation Practice and Dispute Resolution & Mediation Practice have become partners.
On 24 July 2014, Wild Bunch S.A. and the listed Senator AG announced their intention to merge into a European independent film distribution company. Wild Bunch is an important player in the field of international film sales and electronic distribution with a Europe-wide network in France, Italy, Germany and Spain. Senator AG is a German film productions and distribution company producing and distributing German and international movies since the 1970s.
Hengeler Mueller has successfully reached a temporary suspension of the prohibition order of the city of Hamburg against Uber, a provider for a smartphone-app for on-demand transportation services. Uber may thus continue providing its services in Hamburg until further notice.
AT: Schoenherr advises Ashland on sale of its water technologies business to Clayton Dubilier & Rice
Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Ashland on the Austrian aspects related to the sale of its global water technologies business to private equity fund Clayton, Dubilier & Rice (CD&R). The transaction is valued at approximately USD 1.8 billion. By this sale, Ashland intends to focus on their core specialty chemicals business. read more...
AstapovLawyers International Law Group has defended interests of a maritime transportation branch of a multinational company trading in various soft commodities in arbitration proceedings at the London Maritime Arbitrators Association.
The States approved the proposed Employment (Amendment No 8) (Jersey) Law 201- on Friday 18 July 2014. This will bring statutory family friendly rights to Jersey for the first time, including maternity leave, paternity leave and the right to request flexible working. These proposals were originally raised in 2008. We are now six years on and it is likely that these family friendly rights will come into effect on 1 September 2015 at the same time as sex discrimination legislation.
This judgment relates to:
- the nature of unit trusts;
- the legal status of managers and trustees of unit trusts; and
- the basis of claims against them by a successor trustee and successor manager.
On 23 May 2014, the States of Jersey passed the Companies (Amendment No. 11) (Jersey) Law 201- (the Amendment Law). This will now be sent to the UK Privy Council for consideration, then laid before the States of Jersey for a final time before coming into force. The latest information we have is that the Privy Council will be approving the law on 19 July 2014 and it may come into effect as soon as 4 August 2014.
VEGAS LEX hosted a business breakfast on July 23, 2014, dedicated to major amendments to Federal Law «On Concession Agreements». It was the first discussion of the bill after it was passed by the Council of Federation on July 9, 2014.
VEGAS LEX and InfraONE at the first session as members of RF Transportation Ministry Investment Coor
The RF Transportation Ministry Investment Coordinating Board* chaired by Minister Maxim Sokolov and his deputy Oleg Berezovsky convened on July 16, 2014 for the first extended closed-door session. The Board was established to facilitate private investment and provide administrative support to the development of transport infrastructure projects.