The Legal 500

Publishing firms

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

 

Gide advises KGHM Polska Miedź on a financing facility granted by the European Investment Bank

August 2014. Press Releases by Gide Loyrette Nouel (view listing).

Shortly after the signing of a USD 2.5 billion investment loan agreement, KGHM Polska Miedź announces the completion of another major financing project.

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Hengeler Mueller advises lease receivables securitization GMEF 2

August 2014. Press Releases by Hengeler Mueller (view listing).

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.

 

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AT: Schoenherr advises Laakman Holding Limited on the increase of their participation in C-QUADRAT

August 2014. Press Releases by Schönherr (view listing).

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...

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Zavadetskyi Advocates complete several large cases

August 2014. Press Releases by Zavadetskyi Khomych Advocates (view listing).

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. 

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fwp advises Bank Austria on the takeover of Immobilien Holding from Immobilien Privatstiftung

August 2014. Press Releases by Fellner Wratzfeld & Partners (view listing).

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.

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AstapovLawyers Advises Bashneft on Contemplated Expansion into a New Market

August 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

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.

 

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Civil Liability for Breaches of the Codes

August 2014. Press Releases by Ogier (view listing).

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.

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Pepeliaev Group announces that new partners have been elected

August 2014. Press Releases by Pepeliaev Group (view listing).

 

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.

 


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Hengeler Mueller advises Wild Bunch on merger with Senator AG

August 2014. Press Releases by Hengeler Mueller (view listing).

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.

 

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Hengeler Mueller achieves first success against prohibition order of the city of Hamburg

August 2014. Press Releases by Hengeler Mueller (view listing).

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.

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AT: Schoenherr advises Ashland on sale of its water technologies business to Clayton Dubilier & Rice

August 2014. Press Releases by Schönherr (view listing).

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.  pdf read more...

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AstapovLawyers successfully acts in LMAA arbitration

August 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

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. 

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Employment Update July 2014 -Family Friendly Rights

August 2014. Press Releases by Ogier (view listing).

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.

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The duties of a manager of a Unit Trust: Barclays v Equity [2014] JRC102D

August 2014. Press Releases by Ogier (view listing).

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.

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Enhancements to the Companies (Jersey) Law 1991

August 2014. Press Releases by Ogier (view listing).

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.

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VEGAS LEX on amendments to Federal Law «On Concession Agreements»

August 2014. Press Releases by Vegas Lex Law Firm (view listing).

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.

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VEGAS LEX and InfraONE at the first session as members of RF Transportation Ministry Investment Coor

August 2014. Press Releases by Vegas Lex Law Firm (view listing).

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.

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VEGAS LEX and InfraONE at the first session as members of RF Transportation Ministry Investment Coor

August 2014. Press Releases by Vegas Lex Law Firm (view listing).

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.

Read more…

Real Estate market is gathering steam in Hungary

August 2014. Press Releases by Lakatos, Köves and Partners (view listing).

The crisis is over in the Hungarian Real Estate market

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Hengeler Mueller advises BSkyB on takeover offer to Sky Deutschland

July 2014. Press Releases by Hengeler Mueller (view listing).

BSkyB announced on 25 July 2014 that it had entered into agreements with 21st Century Fox to acquire 21st Century Fox's 57.4% stake in Sky Deutschland AG (SkyD) on a fully diluted basis and its 100% stake in Sky Italia. BSkyB also announced its intention to make a voluntary public takeover offer to the shareholders of SkyD for the purchase of their ordinary registered shares with no par value in SkyD against payment of a cash consideration of €6.75 per SkyD Share. The acquisition of 21st Century Fox's 57.4% stake in SkyD is for a consideration of €3.6bn, valuing SkyD at €6.75 per SkyD share. The total consideration for the acquisition of Sky Italia is £2.45bn with approximately £2.07bn to be paid in cash and the balance to be satisfied through the transfer of BSkyB's 21% stake in National Geographic Channel International to 21st Century Fox at a value of £382m. Subject to the number of SkyD minority shareholders that accept the offer, the total cash consideration overall may be up to approximately £7.0bn. The transactions are subject to regulatory and independent BSkyB shareholder approval. pdf Read more...

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Hengeler Mueller advises Adam Opel AG on Single OEM Structure in Europe

July 2014. Press Releases by Hengeler Mueller (view listing).

Newly-established Opel Group GmbH assumes full responsibility as Single OEM Manufacturer for the Opel/Vauxhall business in Europe including Russia. pdf Read more...

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Hengeler Mueller advises DONG Energy on the divestment of a 50 per cent stake in Offshore Wind Farm

July 2014. Press Releases by Hengeler Mueller (view listing).

DONG Energy signed an agreement to sell 50% of the German offshore wind farm project Gode Wind 2 to a consortium of Danish pension funds (PKA, Industriens Pension, Lærernes Pension and Lægernes Pensionskasse). The total purchase price amounts to approximately €600m. According to the agreement, the wind farm will have a total capacity of 252 MW. DONG Energy will construct the wind farm, provide operation and maintenance services and will provide a route to market for the power production of Gode Wind 2. The purchase is subject to approval by the cartel authorities. pdf Read more...

 

 

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Hengeler Mueller advises ZEISS on syndicated loan

July 2014. Press Releases by Hengeler Mueller (view listing).

Carl Zeiss AG, Oberkochen has concluded a €500 Mio. syndicated loan for the purpose of refinancing existing financing. ZEISS is an internationally leading technology group in the fields of optics and optoelectronics with more than 24,000 employees and about €4.2bn in revenues. pdf Read more...

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Hengeler Mueller advises Dürr on acquisition of HOMAG shares

July 2014. Press Releases by Hengeler Mueller (view listing).

Dürr AG, via its wholly-owned subsidiary Dürr Technologies GmbH, has reached agreement with several major shareholders of HOMAG Group AG (HOMAG) to acquire a total of 53.7% of HOMAG shares. The purchase price for the 53.7% of the HOMAG shares is € 219 million. An agreement was also reached with the Schuler family and the Klessmann foundation, who have so far held a 25.1% stake in HOMAG in the form of a share pool, on Dürr joining the pool. The share pool will consent to the completion of a control and/or profit and loss transfer agreement by Dürr. The execution of the purchase contracts is subject to approval by the relevant antitrust authorities. Dürr will submit a voluntary public takeover offer to the HOMAG shareholders to acquire all of the shares.

 

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Pepeliaev Group Impresses in the IFLR 1000 Ratings

July 2014. Press Releases by Pepeliaev Group (view listing).

The annual international IFLR 1000 ratings have named Pepeliaev Group among the top firms for legal support on restructuring and bankruptcy projects (Tier 3) and in the energy sector (Tier 4).
According to the compilers of the ratings, the firm "deserves the highest evaluation in restructuring and bankruptcy". Clients describe the Head of the Dispute Resolution and Mediation Practice Group, Yulia Litovtseva as "a consummate professional in this area". 
In the energy and infrastructure sector, it was Head of the Offshore Projects and PSA Group Pavel Kondukov who was named as Pepeliaev Group's foremost specialist.
Pepeliaev Group was also recommended for its legal advisory work in Russia in banking and finance, infrastructure projects, mergers and acquisitions, and capital markets (debt).
The success of our Banking and Finance Practice owes to the experience gained across more than two decades by Partner Igor Marmalidi, who joined Pepeliaev Group's team in 2012. Igor had previously spent 14 years heading the legal department at Citibank, where he directed legal support for the bank's operations in Ukraine and Kazakhstan as well as Russia. 
In M&A, our practice is flourishing under the direction of Senior Partner Vladimir Sokov. According to one of our clients, Vladimir is an eminent professional who is capable of "seeing the whole picture", pays "close attention to detail" and is "a master of his craft."  Another client gave top marks to Partner Ilya Bolotnov: "I thoroughly enjoyed working with Ilya.  He is a first-rate specialist who understands in depth what it takes to get M&A deals done in Russia."

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Gide advises KGHM Polska Miedź on financing worth USD 2.5 billion

July 2014. Press Releases by Gide Loyrette Nouel (view listing).

Gide's Warsaw and London offices have successfully completed another project for KGHM Polska Miedź. The largest Polish mining company officially announced an investment loan agreement for USD 2.5 billion for general corporate purposes which was signed on 11 July 2014. This is one of the most significant transactions of its type carried out in Europe this year.

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A Guide to Arbitration in the Cayman Islands

July 2014. Press Releases by Ogier (view listing).

Arbitration is a mechanism of binding dispute resolution which entails resolving disputes outside court in accordance with procedures and standards as determined by the parties in dispute. Arbitration is therefore an alternative to traditional litigation and is distinct from non-binding forms of dispute resolution such as mediation.

The Cayman Islands has a modern arbitral framework as a result of the bringing into force of: (i) the Arbitration Law (2012) (the Arbitration Law); and (ii) procedural rules regulating the Grand Court's practice and procedures in relation to arbitrations1 brought into force in July 2013 (the Rules).  The foundation of the Arbitration Law is largely the UNCITRAL Model Law on International Commercial Arbitration (the Model Law); whilst also utilising successful aspects of arbitral legislative models found in other common law jurisdictions (such as Singapore or Hong Kong). The Arbitration Law has also sought to augment the Model Law where appropriate to suit the nature of the offshore financial business conducted in the Cayman Islands.

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The Cayman Islands Enacts implementing Legislation to comply with its international obligations

July 2014. Press Releases by Ogier (view listing).

As part of the Cayman Islands longstanding commitment to tax transparency and meeting international standards (most notably reflected in the fact that the Cayman Islands are on the G-20's 'white list' of compliant jurisdictions), the Tax Information Authority (International Tax Compliance) (United States of America) Regulations, 2014 (US Regulations) and the Tax Information Authority (International Tax Compliance) (United Kingdom) Regulations, 2014 (UK Regulations and together the Regulations), were gazetted and therefore brought into force in the Cayman Islands on 4 July 2014.

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Lakatos, Köves advised Al-Habtoor on buying Intercontinental Hotel in Budapest

July 2014. Press Releases by Lakatos, Köves and Partners (view listing).

The Gulf-based investor, Khalaf Al-Habtoor chose Lakatos, Köves and Partners again for a new hotel transaction in Budapest

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Goltsblat BLP: AB Krasny Gold Fields has entered into a JV with GV Gold

July 2014. Press Releases by Goltsblat BLP (view listing).

Corporate/M&A of Goltsblat BLP, the Russian practice of international law firm Berwin Leighton Paisner (BLP), have supported the deal whereby GBLP client - AB Krasny Gold Fields has entered into a joint venture to explore and exploit a gold hard rock deposit in Irkutsk Region (Kransy Project) with one of the key gold producers in Russia  Open Joint Stock Company "GV Gold" ("GV Gold"). Under the terms of the agreement, GV Gold may earn up to a 51% interest in the Krasny Project by financing an in‐fill exploration program. Signing of the agreement means that the parties have agreed to the final details of the deal structure and the exploration program. 

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Exempted Limited Partnership Law, 2014

July 2014. Press Releases by Ogier (view listing).

The Exempted Limited Partnership Law, 2014 (the New ELP Law) has replaced the Exempted Limited Partnership Law (2013 Revision) (the Previous Law). The New Law includes significant changes to the Cayman Islands' statutory framework regulating exempted limited partnerships (ELPs) that will increase the attractiveness of ELPs and will be appreciated by managers, investors and creditors alike. Private equity sponsors in particular will notice substantial improvements that are indicative of Cayman's continuing commitment to balanced and commercially sensible legislation. Read more...

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Restructuring and insolvency in Luxembourg (part 2)

July 2014. Press Releases by Ogier (view listing).

RESTRUCTURING - COURT PROCEDURES

Formal, court-driven restructuring proceedings are available into Luxembourg law, but for practical reasons, these are rarely used in practice.

Reprieve from payment procedure (sursis de paiement)

The reprieve from payment procedure allows a debtor to restructure its debt with the consent of a majority of its creditors outside of insolvency proceedings. Its purpose is to allow a business experiencing financial difficulties to suspend its payments for a limited period of time. The reprieve of payment has to be approved by creditors representing 75% of all the outstanding amounts. For the purpose of calculating the required majority, those claims that are secured by rights of priority, mortgages or pledges, as well as the tax claims and other public charges are not taken into consideration.

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Enhancements to the Companies (Jersey) Law 1991

July 2014. Press Releases by Ogier (view listing).

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.

The Amendment Law will make a number of changes to the Companies (Jersey) Law 1991 (the Companies Law), aimed at ensuring that the corporate law framework in Jersey continues to adapt to the demands of its cross border client base.

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Joost Fanoy appointed partner at BarentsKrans

July 2014. Press Releases by BarentsKrans N.V. (view listing).

The Hague, 4 July 2014 - BarentsKrans has appointed Joost Fanoy as a partner in the Antitrust & Public Procurement department, effective as of July 1, 2014. Joost specializes in European law in general with a particular focus on European and Dutch competition, public procurement and state aid law and is the head of the Antitrust and Public Procurement Practice Group. Joost is also a member of the Cartel damages team of BarentsKrans.

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PineBridge Acquires 50% Stake in Romatem

July 2014. Press Releases by Paksoy (view listing).

PineBridge Investments Middle East, a global multi-asset class investment manager with regional headquarters in Bahrain, and nearly 60 years of experience in emerging and developed markets, has acquired a 50% equity stake in Romatem, the leading physical therapy and rehabilitation services chain in Turkey.

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Isbank Issued USD 750 Million Notes

July 2014. Press Releases by Paksoy (view listing).

Isbank issued 750 million USD notes under its GMTN programme established in 2013. The notes are listed on the Irish Stock Exchange and bear interest at the rate of 5 % with a maturity date 2021.

Mr. Omer Collak (partner) and Mr. Baris Kencebay (head of tax practice) have acted for the joint lead managers Barclays, Citigroup, HSBC, National Bank of Abu Dhabi and The Royal Bank of Scotland.

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Halkbank Issued USD 500 Million Notes

July 2014. Press Releases by Paksoy (view listing).

Halkbank issued five-year term fixed interest rate US currency notes, with a total amount of USD 500 million  with an interest rate of 4.765 %  and an annual coupon rate of 4.750 %. The notes offered the lowest borrowing rate in the first five-month period of 2014, and total demand rose nearly nine-fold due to high investor interest. The note issuance drew great interest from international investors settled in the Middle East and Asia, as well as those investors based in the US and Europe.

Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised the joint lead managers.

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Turkiye Finans to Issue Ringgit Sukuk to Raise Up to MYR 3 Billion In Malaysia

July 2014. Press Releases by Paksoy (view listing).

Turkiye Finans issued the first ringgit sukuk originating from Turkey. The bank initially raised MYR 1 billion with a five-year commodity sukuk on June 30, with an annual return of 6 %. The sukuk under the programme will have tenure of one to 20 years. Funds raised will go towards general corporate purposes. The sukuk will be issued through TF Varlik Kiralama A.S., a wholly-owned subsidiary of Turkiye Finans. Malaysia's RAM Ratings has accorded the programme an indicative long-term rating of AA3. HSBC Amanah Malaysia and Standard Chartered Saadiq were the joint advisers.

Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised Turkiye Finans and the issuer TF Varlik Kiralama A.S.

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Ziraat Bank Established GMTN Programme to Issue Bonds Worth USD 2 Billion

July 2014. Press Releases by Paksoy (view listing).

Ziraat Bank, the largest state owned bank of Turkey, established GMTN programme on 21 May 2014, for the notes to be issued up to  USD 2 billion listed on Irish Stock Exchange. The notes are unconditional, unsubordinated and unsecured obligations, and rank pari-passuwith Ziraat Bank's other senior unsecured obligations.

The arranger and the dealers were represented by Mr Omer Collak (partner), Mr Serdar Ildirar (senior associate) and Mr Sansal Erbacioglu (senior tax counsel) as to Turkish law and Turkish tax matters.



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Vakifbank Sells EUR 500 Million Notes Under USD 5 Billion GMTN Programme

July 2014. Press Releases by Paksoy (view listing).

Vakifbank issued EUR 500 million 5-year unsecured and unsubordinated notes under the first GMTN programme of Turkey established in 2013. The notes are listed on Irish Stock Exchange and bear interest at the rate of 3.5 % p.a. with a maturity date 17 June 2019. This is the very first EUR denominated RegS offering of a Turkish entity.

Mr Omer Collak (partner), Mr Baris Kencebay (head of tax practice) and Mr Serdar Ildirar (senior associate) have advised the joint lead managers Barclays, BNP Paribas, Commerzbank, Erste Group, Natixis and UniCredit.



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First Corporate Dual Tranche Notes of Turkey Issued by Turk Telekom

July 2014. Press Releases by Paksoy (view listing).

Turk Telekom, telecommunication operator of Turkey, issued 500 million USD 5-year (due 2019) and  USD 500 million 10-year (due 2024) notes listed on Irish Stock Exchange and bear interest at the rates of 3.750 % and 4.875 % p.a., respectively. The issuance is the very first dual tranche note offering of a corporate non-sovereign borrower in Turkey and the debut Eurobond offering of Turk Telekom.

Paksoy has acted in this debut offering of Turk Telekom, and is pleased to announce that Mr Omer Collak (partner), Mr Baris Kencebay (head of tax practice) and Mr Serdar Ildirar (senior associate) have advised the joint lead managers Barclays, BNP Paribas, Deutsche Bank, Emirates NBD and JP Morgan.

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Paksoy advises Metro Group on the sale of Real Turkey to Hacı Duran Begendik

July 2014. Press Releases by Paksoy (view listing).

The international retailing company METRO GROUP, signed an agreement with a local Turkish partner Hacı Duran Begendik about the divestment of Real's Turkish operations on 30 June 2014.

The divestment of Real Turkey to Hacı Duran Begendik covers all 12 hypermarkets and the headquarters. The transaction is subject to Competition Board approval and is expected to be closed in summer 2014.

Paksoy is pleased to announce that Mr Togan Turan (partner) and Ms Selin Barlın (associate) advised Metro Group AG on the sale of Real's Turkish operations.  

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Lakatos, Köves and Partners advised Al-Habtoor Group

July 2014. Press Releases by Lakatos, Köves and Partners (view listing).

It was the second hotel transaction that Al-Habtoor Group chose Lakatos, Köves and Partners as a legal advisor in Budapest, Hungary

Read more…

AT: Schoenherr represents América Móvil in its successful Public Takeover Offer for Telekom Austri

July 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, represented Carso Telecom, a wholly-owned subsidiary of the América Móvil group (AMX), in its successful public takeover offer for all shares in Telekom Austria AG not held by Carso Telecom, AMX, Telekom Austria, or the Republic of Austria's state holding company OIAG. The public offer was launched on 15 May 2014. The initial offer period closed 10 July 2014. Through the public offer Carso Telecom/AMX could increase its participation in Telekom Austria from around 27 percent to around 50.8 percent. With an offer price of EUR 7.15 per Telekom Austria share, the transaction volume exceeded EUR 740 million.  read more...

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AT/RU: Schoenherr advises Rasperia/Basic Element in acquiring over 25 percent in STRABAG

July 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Rasperia Trading Ltd ("Rasperia") on its exercise of a call option to purchase shares and increase its shareholding in Vienna Stock Exchange-listed STRABAG SE to a blocking minority of 25 percent and one share. Rasperia, a company of Russia-based industrial conglomerate Basic Element, previously held 19.4 percent in the Vienna-based construction conglomerate. read more...

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VEGAS LEX ON PROTECTNG INTELLECTUAL ROPERTY

July 2014. Press Releases by Vegas Lex Law Firm (view listing).

On July 11, 2014, the VEGAS LEX law firm organized an exclusive workshop for the Mann, Ivanov and Ferber Publishers on the protection of intellectual property rights. 

Read more…

VEGAS LEX ON POTENTIAL OF MOSCOW TRANSIT HUBS

July 2014. Press Releases by Vegas Lex Law Firm (view listing).

On July 11, 2014, the RBC business information agency hosted a conference, Moscow Transit Hubs Infrastructure: Development Potential, co-sponsored by the VEGAS LEX law firm.

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Pepeliaev Group tops the Chambers Europe 2014 ratings

July 2014. Press Releases by Pepeliaev Group (view listing).

Chambers Europe 2014 has once again ranked Pepeliaev Group's Tax Practice among the best on the Russian legal market (Band 1). According to market research, the firm is marked out by its experienced team which provides support in complex lawsuits and easily handles tax issues. Pepeliaev Group's experts have profound knowledge of the legal sector since they are actively involved in legislative drafting work.

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Pepeliaev Group has been ranked among the most influential advisers in the M&A market

July 2014. Press Releases by Pepeliaev Group (view listing).

Pepeliaev Group has been ranked among the most influential legal advisers for mergers and acquisitions in 2013. The ranking was compiled by Russian M&A-Agency, a group of experts and analysts.

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AstapovLawyers Advises Sportmaster on Corporate and Labor Law

AstapovLawyers International Law Group has advised Sportmaster, a major CIS sporting goods and equipment retailer, on various corporate and employment matters in Ukraine.

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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
  • MD: Finally! Liquidating a Company is Now a Mission Possible

    On 29 May 2014, the Moldovan Parliament passed the Act No. 90/2014 on amending and supplementing of certain legislative acts (Act No. 90). Act No.90, which entered into force on 27 June 2014, implements simplified rules on the liquidation of companies in Moldova (in particular, at the decision of their shareholders), namely by inter alia amending the Civil Code of Moldova, Act No. 845/1992 on Entrepreneurship and Enterprises, Act No. 220/2007 on State Registration of Companies and Individual Entrepreneurs.  read more...
  • How to Hire and Fire: A Global Guide 2014

    Multilaw's Labour & Employment practice group has produced a new 2014 edition of "How to Hire and Fire: A Global Guide." With content contributed by experienced employment lawyers from Multilaw member firms, the eBook provides a simple way for HR practitioners and clients to get a quick, uncomplicated overview of basic employment law information from jurisdictions around the world. The book reflects the law in each jurisdiction as of January 1, 2014. Jurisdictions covered by the 2014 edition include Argentina, Belgium, Bulgaria, Canada, China, Cyprus, Ecuador, European Union, Germany, Honduras, Hong Kong, India, Indonesia, Italy, Japan, Luxembourg, Malaysia, Netherlands, Oman, Paraguay, and Philippines, among others. The Philippine chapter was written by SyCipLaw partner  Leslie C. Dy . Visit the Multilaw website to access and download the file:  www.multilaw.com/hire-and-fire/#2-3 .
  • How Can Turkish Banking Cope with the Changing Global Banking Dynamics?

    2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after the Great Depression and itself termed by many as the Great Recession costing millions of people their savings, jobs and houses.
  • American Defense Industry: Does the Legal Regime Hamstring the Business?

    The United States is still by far the leading country in defense spending, allocating a sizable portion of its GDP to produce cutting edge military technologies. However recent reports indicate a decline in American exports in military hardware. There are not only reports that point to an under-funding of procurement around USD$ 50 billion on an annual basis but also a general complaint on the part of the key players of the industry regarding the restrictive export regime that impedes the sale of military equipment to the non-American parties.
  • GSK Advises EnBW AG on Acquisition of Eni’s Joint Venture Holdings in Gas Business

    EnBW Energie Baden-Württemberg AG (EnBW) is acquiring the 50%  holdings of Eni Gruppe, Rome, in EnBW Eni Verwaltungsgesellschaft mbH, Stuttgart, thereby increasing its holdings to 100 %. This makes EnBW indirectly the sole shareholder of Gasversorgung Süddeutschland GmbH (GVS) and terranets bw GmbH. GSK Stockmann + Kollegen provided comprehensive legal advice to EnBW in connection with this transaction.
  • Transition to electronic meal vouchers - Paper meal vouchers disappear on 1 January 2016

    Aware of the advantages of meal vouchers in electronic form, the Government has decided to definitively replace the paper form by electronic form, with effect from 1 January 2016.
  • CSSF issues circular on investor notification of material changes to open-ended UCITS funds

    Luxembourg's Financial Sector Supervisory Authority According has published Circular 14/591 on July 22, addressed to all open-ended UCITS funds governed by the grand duchy's legislation of December 17, 2010, regarding the protection of investors in the event of a material change to an open-ended undertaking for collective investment. The CSSF says that according to well-established supervisory practice, in the event of such a material change to investors' interests in an open-ended fund under the 2010 law, the regulator requires that they be given sufficient time to take an informed decision, and that if they do not wish to accept the proposed change, they should be able to redeem or convert their shares or units free of charges.
  • Newsflash -Restrictive measures recently adopted against the Russian Federation

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  • TTIP: The Issue of Investor to State Dispute Settlements

    The benefits that will the TTIP bring in to the table for both of the signatories across the Atlantic are well documented by the Atlantic Community. Generation of a volume trade that amounts a USD$ 1.2 billion and the expansion of the already existing transatlantic trade accompanied by the removal of non-tariff barriers as well as cheaper prices for the consumers and common standards for the producers that would give a leeway for them in fierce global competition by declining production costs. However the other side of the coin points to possible pitfalls for the TTIP like a requirement for a painstaking process of harmonization of two different legal systems and possible discords regarding the inclusion and exclusion of some specific sectors in to the agreement. However one of those prospective challenges has increasingly coming to the fore and lately being discussed among the pundits as one of the most troublesome among the others. This is the point concerning the investor to state dispute settlements ( ISDS )
  • GSK Advises PAMERA Real Estate Group on the Sale of the PAMERA Companies to Cornerstone Group

    GSK Stockmann + Kollegen advised the shareholder of the PAMERA Asset Management GmbH, the PAMERA Retail GmbH and the PAMERA Development GmbH on the sale of these companies to the European Cornerstone subsidiary of US-American Cornerstone Estate Advisers LLC.