Press releases and law firm thought leadership
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AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
VEGAS LEX has organized a roundtable on the main trends of taxation in Russia in 2016-2017*.
It is no longer a rarity for companies to want to hold their boards of directors and supervisory boards liable. It is often the case that claims are asserted arising from D&O insurance.
Organised by Intellectual Property Office of the United Kingdom and Anand and Anand, the conference on “Brand Management: Valuation and Protection” builds on joint UK-India efforts to facilitate ease of business and protect intellectual property.
In its ruling of September 21, 2016, the Court of Justice of the European Union confirmed that cosmetics which were produced with the help of animal testing are subject to a widespread sales ban within the EU (Az.: C-592/14).
Choosing the right corporate form can contribute significantly to the success of a business. GRP Rainer Rechtsanwälte has the requisite experience in setting up companies.
We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
Ayesha Curmally is a notary in the canton of Basel-Stadt, a Certified Specialist SBA in Inheritance Law as well as a lawyer in the Private Clients team of Walder Wyss. Her main areas of practice include mariage and inheritance law, estate and succession planning, settlement of estates (including distribution), corporate and commercial law and real property law. Additionally to adivsing clients and notarising deeds in these fields of law, Ayesha Curmally notarises share transfers, marriage and inheritance contracts and other transactions under German law.
Michael Isler regularly advises in complex outsourcing, technology transfer and platform projects from the conceptual and negotiation phase to dispute settlement. He further enjoys a vast experience in copyright, trademark and patent law. A particular focus of his work is dedicated to the life sciences and health sector. Michael Isler regularly publishes and lectures in his practice areas and takes an active role in several professional organizations.
Robert von Rosen’s practice focuses on domestic and international M&A transactions. He also advises corporate clients on all matters of corporate and commercial law related to their daily operation. A further focus of Robert von Rosen is banking, finance and capital markets law.
Stefan Knobloch deals primarily with international and national M&A transactions, public takeovers, private equity transactions, IPOs, debt financing, corporate governance and matters relating to company, stock exchange transaction and capital market law in general. He has overseen numerous transactions in these areas. He also prepares legal opinions in matters of law on stock exchange transactions, company law, law of obligations and law on civil procedure, as well as publishing articles and lecturing at the University of Zurich in his preferred fields of activity.
In addition, Janine Corti, Alexandre Both, Michael Cartier and Dominik Hohler have been promoted to Counsel as well as Ramona Wyss and Dirk Spacek have been promoted to Managing Associate. All promotions are effective as of 1 January 2017.
Janine Corti is working in the fields of domestic and international corporate tax and has professional experience in the financial services area. She focuses particularly on national and international restructurings, migrations, tax planning, employee participation programs, capital market transactions and M&A projects. In addition, she is at the board of the Zurich section of EXPERTsuisse.
Alexandre Both is focusing on M&A and finance transactions. His M&A experience includes private and public transactions, with a focus on domestic and cross-border acquisitions, mergers, private equity, asset and liability transfers and spinoffs. On finance transactions, Alexandre Both provides advice to lenders or borrowers in particular in relation to syndicated bank financings, real estate finance, leverage finance, project finance and structured finance. He also advises on banking, stock exchange and capital markets laws.
Michael Cartier represents parties in international arbitrations under all major institutional rules and in ad-hoc proceedings, before state courts and in enforcement and legal assistance matters. He is listed as an expert for arbitration in Who’s Who Legal 2016 and 2017. He also acts as arbitrator and is listed on the panel of arbitrators of the ICC National Committee (Switzerland). The focus of his work is on construction disputes and international commercial law. He also advises clients in white-collar criminal law matters and corporate investigations. He is an officer of the Inter-Pacific Bar Association (IPBA).
Dominik Hohler advises national and international companies regarding their restructuring, financing, establishment and expansion projects as well as with regard to reorganisation measures and insolvency. He also focuses his practice on domestic and international M&A, private equity and venture capital transactions. Additionally, he advises corporate clients on all matters of corporate and commercial law related to their daily operations. Dominik Hohler regularly publishes in his fields of expertise.
Ramona Wyss advises clients in finance and capital markets transactions, acquisitions and outsourcing projects. Other preferred areas of practice of Ramona Wyss include commercial and corporate law as well as administrative law with a special focus on energy, technology, financial markets, insurance and procurement law.
Dirk Spacek advises companies of the media- and technology-sector as well as industrial enterprises, healthcare providers, banks and insurances on the creation, procurement and commercialization of new ideas and technologies. Among various matters, he handles technology transfer- and outsourcing-projects, license, R&D- and distribution agreements, joint ventures and frequently contracts of the media & entertainment sector. In addition, Dirk has vast litigation-experience in patent-, trademark- and copyright-law and the handling of contractual and commercial disputes before state courts.
We are pleased to announce that a new partner, Roger Staub, as well as new consultants, Thiemo Sturny and David Vasella, will be joining our chancellery as of 1st January 2017.
Roger Staub is a Partner in the Information Technology, Intellectual Property and Competition Team. He represents national and international companies from various industries, such as luxury goods, pharmaceuticals, food, financial services, fashion, medical devices and media. He specialises in litigating complex cases before state courts and arbitration tribunals. In addition, he advises clients in negotiating IP and technology-related contracts and in developing IP strategies. He also works as an arbitrator in international arbitration tribunals.
Thiemo Sturny advises domestic and foreign clients in all fields of company law, including national and international M&A transactions, restructuring and questions of corporate governance. He also specialises in credit financing, capital market transactions and supporting start-up’s in private equity financing matters. Thiemo Sturny publishes regularly in his fields of expertise and is lecturing in the LL.M. post-graduate degree programme at the University of Zurich.
David Vasella advises and represents companies on all questions of information and technology law. He specializes in data protection, intellectual property and contract law, especially in connection with the monetization of data and the digitization of business processes, and supports in data protection law compliance. He regularly gives talks and publishes on his fields of expertise.
Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
Interest rates for building loans were considerably higher between 2010 and 2013 than they are today. Consequently, it may well be worthwhile withdrawing from real estate loans that were taken out after June 10, 2010.
VEGAS LEX discusses energy supply to industrial facilities and environmental management at Basic Ele
On December 14-15, 2016, VEGAS LEX experts spoke at a conference organized for executives of the energy and engineering divisions of Basic Element Group in Nizhny Novgorod.
Kyiv, December 19th. Eterna Law is pleased to announce a number of promotions in the company.
Maksym Uslystyi, counsel, was promoted to a Partner.
Igor Semenov, counsel, received partnership track.
Alexandr Lugovskiy, Senior Associate, received counsel track.
Artem Kuzmenko, associate, was promoted to senior associate.
Alexander Kravets, associate, was promoted to senior associate.
Julia Zarichniuk, junior associate,was promoted to associate.
If a lot of employees at a company fall ill at the same time, this may be problematic for the business. If, however, the employees are only pretending to be too sick to work, this could have employment-related consequences for them.
The joint owners of Switzerland-based Unilabs, private equity funds Apax Europe VI, Nordic Capital Fund VI ("Nordic Capital") and Apax France VII have accepted an offer from Apax IX, advised by Apax Partners LLP, for the acquisition of their respective stakes in Unilabs.
The declarations from the years 2008, 2010 and 2014 concerning the universal application of the collective agreement on social security procedures in the construction sector have been overturned and declared invalid by the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court.
If an employer wishes to apply a fixed term to an employment contract, it needs to have an objective justification or the fixed term cannot exceed two years. A recent ruling of the Court of Justice of the European Union (CJEU) underlines this.
ETERNA LAW SUCCESSFULLY REPRESENTED INTERESTS OF MAJOR AGRO PRODUCER IN NUMBER OF ARBITRATION PROCEE
Kyiv, December 26th - Eterna Law successfully represented interests of major Ukrainian agro producer and trader in number of arbitration proceedings before the ICAC at Ukrainian Chamber of Commerce and Industry. The disputes arose out of failure of the respondent to fulfil its contractual obligations under supply contracts. Eterna law team initiated few arbitration proceedings seeking repayment under the supply contracts. In result, all claims were satisfied in full and the Client was awarded about USD 11 million.
The matter was handled by Igor Semenov, Counsel, Oleksandr Kravets, Senior Associate and Anastasia Klian, Junior Associate under supervision of Oleh Beketov, Partner and Head of International Litigation.
The Limay, Bataan power project was recognized by IJGlobal as the “Best Power Deal in the Asia Pacific Region”. SyCipLaw acted as local counsel to DBS Bank Ltd., Mizuho Bank, Ltd. and Standard Chartered Bank, the structuring banks in the US$400 million Project Financing of a new 300MW coal-fired power plant in Limay, Bataan of SMC Consolidated Power Corp. Read more information on this transaction.
The IJGlobal Awards celebrates the outstanding transactions and institutions in infrastructure finance. The Asia-Pacific dinner was held on March 3, 2016 in Singapore. Visit the IJGlobal Awards website for more information and the full list of winners
SyCipLaw has been shortlisted for the Asialaw Asia-Pacific Dispute Resolution Awards 2016 in three categories. The firm was nominated as National Law Firm of the Year and Best Domestic Arbitration Firm of the Year. SyCipLaw partner Emmanuel M. Lombos was nominated as Disputes Star of the Year.
Asialaw has released its 2016 edition of the Asialaw Leading Lawyers.
The publication lists the leading practitioners in 18 practice areas in 24 jurisdictions in the Asia-Pacific region. In-house counsel, corporate executives and lawyers at local, regional and international law firms participated in an online survey between December 2015 and February 2016. Respondents nominated individual lawyers who excelled in one or more of 18 practice areas based on their work and reputation.
SyCipLaw is acting as borrower’s counsel for Energy World Corporation in the P6.75 billion financing package to partially fund the development of the first phase of the proposed 650-megawatt liquefied natural gas combined cycle power plant in Pagbilao, Quezon Province.
SyCipLaw is ranked once again as a tier 1 firm for M&A in the Philippines by Asian Legal Business (ALB). The full results of ALB's M&A Rankings 2016 was published in its September 2016 issue.
SyCip Salazar Hernandez & Gatmaitan is hosting the Pacific Rim Advisory Council (PRAC) 60th International Conference in Manila on September 24-27, 2016 at the Fairmont Hotel in Makati City.
SyCipLaw acted as borrower's counsel for AP Renewables, Incorporated (APRI), a unit of Philippine energy company Aboitiz Power, in the issuance of a landmark climate bond worth P10.7 billion ($225 million) for the Tiwi-MakBan geothermal power facilities.
SyCipLaw has been shortlisted in eleven categories of the ALB Philippine Law Awards:
SyCipLaw partner Emmanuel M. Lombos wins Dispute Star of the Year for the Philippine jurisdiction at the Asia-Pacific Dispute Resolution Awards 2016.
SyCipLaw advises Metro Pacific Tollways Development Corporation and Manila North Tollways Corporatio
SyCipLaw acted as counsel to Metro Pacific Tollways Development Corporation (MPTDC) in relation to its unsolicited proposal for the design, development, financing, construction, operations and maintenance of the NLEX-SLEX Connector Road.
SyCipLaw won the Philippine Law Firm of the Year award at the first ALB Philippine Law Awards. The firm was also named Arbitration Law Firm of the Year and Banking and Financial Services Law Firm of the Year.
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) is pleased to announce that Hector M. de Leon, Jr. has been elected as the firm’s managing partner. Mr. de Leon joined SyCipLaw in 1988 and has been a member of the firm’s Executive Committee since 2014.
Congratulations to SyCip Salazar Hernandez & Gatmaitan practice groups and partners ranked in the recently released IFLR1000 2017 Financial and Corporate rankings!
The December 2016 issue of the Asian Legal Business (ALB) includes an article entitled “SyCip Sweeps First-Ever ALB Philippine Law Awards”. The article, located on page 30 of the issue, discussed SyCipLaw’s received awards during the event, including Philippine Law Firm of the Year, Arbitration Law Firm of the Year, and Banking and Financial Services Law Firm of the Year.
It is not necessary for an employer to obtain the consent of the works council in order to employ workers from a subsidiary company at weekends for the purposes of performing specific work. That was the verdict of the Landesarbeitsgericht (LAG) Hamm [Higher Regional Court of Hamm] (13 TaBVGa 8/16).
As demonstrated by a ruling of the Oberlandesgericht (OLG) Nürnberg [Higher Regional Court of Nuremberg], flawed guidance on the right of withdrawal can also be found in real estate loans concluded after June 10, 2010. That means that it is possible to withdraw from these.
A will not only provides the opportunity to designate heirs but also to exclude people from the inheritance. It is not necessary to mention the heirs in a so-called “Negativtestament” (negative will).
Leading Russian rating of law firms Pravo.Ru-300 has published its annual ranking, recognizing VEGAS LEX as one of Russia’s leaders in Antimonopoly law, Commercial dispute resolution and PPP, and ranking the firm among top-tier law firms in other categories.
Simply advertising counterfeit products of an artist is sufficient to constitute an infringement of his rights under copyright law. This comes from a ruling of the Bundesgerichtshof (BGH), Germany’s Federal Constitutional Court (Az.: I ZR 88/13).
A creator’s exclusive right of distribution encompasses the right to put up the original work and its replicates for sale and advertise these.
Businesses are not allowed to promise consumers savings when advertising discounts if these savings do not actually exist. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice (Az.: I ZR 31/15).
On December 13, 2016, VEGAS LEX office hosted a workshop on judicial practice and ways to protect business reputation, honor and dignity of individuals and legal entities.
Banks and savings banks continued to make use of flawed guidance on the right of withdrawal with respect to loan agreements even after June 10, 2010. In many cases, it remains possible to withdraw from these loans.
Tax oases have had their day. Anyone who still has untaxed income in foreign accounts ought to give thought in due course to submitting a voluntary declaration.
If a word mark is registered in relation to romance novels, among other things, a magazine bearing the same name does not necessarily infringe the rights protected under trademark law. That was the verdict of the Oberlandesgericht (OLG) Hamburg [Higher Regional Court of Hamburg].
VEGAS LEX has taken part in the 23rd National Series of Energy Seminars, New Stage in the Development of Electricity Markets in 2017–2019: Effective Operation and Interaction of Market Participants under the New Legislation.
On December 6, 2016, VEGAS LEX Manager of Life sciences projects Maria Borzova led a workshop on Public procurement of medicines: home vs. away games.
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.