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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

 

Mark Emery quoted in Guardian race discrimination article

July 2010. Press Releases by Bindmans LLP (view listing).

Why is a race discrimination case that the Crown Prosecution Service lost being dragged into a tenth year by the public body?

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Campaigners acquitted of conspiracy to cause criminal damage

July 2010. Press Releases by Bindmans LLP (view listing).

Mike Schwarz of Bindmans LLP and Lydia Dagostino from Kellys Solicitors in Brighton represented campaigners who were tried at Lewes Crown Court sitting at Hove. They were acquitted of conspiracy to cause criminal damage at EDO MBM Technology Ltd (a company owned by ITT Integrated Structures), a business said to have supplied weapons components used during Israel's military activity in Gaza in January 2009.

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Different legal defences, different outcomes for two environmentalist groups

July 2010. Press Releases by Bindmans LLP (view listing).

In 2008, six Greenpeace campaigners were acquitted for an action at Kingsnorth power station, whereas in the following year, 29 environmentalists were convicted after an action at DRAX power station.

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Unternehmenssteuerreform III – Konzernfinanzierung in den Startlöchern

July 2010. Press Releases by Froriep Renggli (view listing).

Die Unternehmenssteuerreform II ist noch nicht vollständig umgesetzt, da konkretisieren sich bereits Ziele und Inhalte einer weiteren Unternehmenssteuerreform, der Unternehmenssteuerreform III (UStRef III). Der folgende Beitrag stellt die wesentlichen Zielsetzungen und Elemente dieses jüngsten Reformvorhabens vor, soweit dies zum heutigen Zeitpunkt möglich ist. Insbesondere wird auf die möglicherweise bereits in diesem Jahr in Kraft tretende Neuregelung zur steuerlichen Entlastung von konzerninternen Finanzierungen eingegangen.

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CARTWRIGHT KING EXPANDS TEAM

July 2010. Press Releases by Cartwright King (view listing).

Leading Midlands law firm Cartwright King has made another addition to their expanding team.

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UniCredit S.p.A. sells UniCredit (Suisse) Bank SA in a management buy-out

July 2010. Press Releases by Bär & Karrer (view listing).

UniCredit S.p.A., Torino, and the management of UniCredit Private Banking S.p.A., Lugano, have signed an agreement concerning the sale of the entire shareholding in UniCredit (Suisse) Bank SA to the management for a considera-tion of CHF57.5 million. The deal was financed by the Banca dello Stato del Can-ton Ticino.

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The battle for Parkway Holdings – Fortis Healthcare’s complaint against Khazanah

July 2010. Press Releases by Stamford Law Corporation (view listing).

Stamford Law Corporation was mentioned in the articles in Business Times and TODAY on India's Fortis Healthcare's ("Fortis") complaint to the Securities Industry Council ("SIC") over a press release issued by Malaysia's state investment arm Khazanah Nasional ("Khazanah") on the 21st of July 2010.

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Stamford Law’s Senior Director Lee Suet Fern quoted in TODAY on demand for finance, compliance law

July 2010. Press Releases by Stamford Law Corporation (view listing).

Stamford Law Corporation's Senior Director Lee Suet Fern was quoted in an article in TODAY on the increase in demand for lawyers specializing in financial services and compliance due to the recovery of the global economy.

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Lord Mayor explores Guernsey links with London

July 2010. Press Releases by Carey Olsen (view listing).

Carey Olsen hosted Alderman Nicholas Anstee, the Lord Mayor of the City of London, during a visit to Guernsey this week.

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Romanian and American Lawyers close third ICSID arbitration case for Romania

July 2010. Press Releases by Tuca Zbarcea & Asociatii (view listing).

The arbitral tribunal of the International Center for Settlement of Investment Disputes (ICSID) decided to discontinue the proceedings in the case S&T Oil Equipment and Machinery Ltd. v. Romania in which the claimant sought compensations worth more than USD 150,000,000. It is the third favorable outcome obtained by the lawyers in Ţuca Zbârcea & Asociaţii in front of ICSID, in Washington D.C.

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Paksoy acted for joint lead managers for bond offering of Akbank, Turkey's largest lender

July 2010. Press Releases by Paksoy (view listing).

Akbank, Turkey's largest lender by market value, borrowed $1 billion in a five-year RegS/144A bond issue.  Bank of America Merrill Lynch, Citibank, JPMorgan and Standard Chartered were the joint lead managers for the issue.

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Stamford Law advises Oceanus Group in a joint venture with Lobster Harvest

July 2010. Press Releases by Stamford Law Corporation (view listing).

Stamford Law Corporation is advising Oceanus Group Limited ("Oceanus"), the largest land-based abalone producer in the world in a collaboration agreement with leading Australian lobster aquaculture technology company, Lobster Harvest Limited ("Lobster Harvest").

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Cobra Service Network SA closes CHF 121.9 million capital increase

July 2010. Press Releases by Bär & Karrer (view listing).

Cobra Service Network SA, Lugano, successfully completed an increase of capital of the company by the shareholders Cobra Automotive Technologies SpA and Tracker Investment Holdings (Pty) Limited.

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Tecan sells sample management business to NEXUS Biosystems

July 2010. Press Releases by Bär & Karrer (view listing).

Tecan Group and NEXUS Biosystems, Inc. have signed an agreement concerning the sale of REMP AG, a wholly-owned subsidiary of Tecan, as well as other related assets. Under this agreement, NEXUS will acquire all activities of Tecan's Sample Management business segment.

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ARYZTA AG purchased Fresh Start Bakeries

July 2010. Press Releases by Bär & Karrer (view listing).

ARYZTA AG purchased Fresh Start Bakeries, partially financed through a placement of shares worth USD 140 million.

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Habas Swiss Investments AG sells Commercial Real

July 2010. Press Releases by Bär & Karrer (view listing).

On 1 July 2010, Habas Swiss Investments AG sold a commercial real estate property with office and retail spaces of 7'000m2 to a Swiss institutional investor for more than CHF 50 mio. Habas Swiss Investments AG belongs to Habas Group, a leading real estate company, listed in Tel Aviv, Israel

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Ogier Hong Kong ranked by PLC Which Lawyer? Cross-Border Investment Funds Handbook 2010

July 2010. Press Releases by Ogier (view listing).

Ogier Hong Kong achieves top level ranking alongside Maples and Calder Asia and Walkers.

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Ogier Guernsey advises EQT V on financing of acquisition of AcadeMedia AB

July 2010. Press Releases by Ogier (view listing).

Ogier Guernsey has advised the EQT V Fund on the financing of its acquisition of a controlling interest in AcadeMedia AB., Sweden’s largest private education group by way of a public offer. The public offer by the EQT V Fund was accepted by 79.4% of shareholders in AcadeMedia AB. The Stockholm listed business operates 150 schools with 45,000 students across Sweden.

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Ogier Guernsey advises on establishment of World Shariah Funds PCC Limited

July 2010. Press Releases by Ogier (view listing).

Ogier Guernsey has recently acted as lead counsel in the establishment of World Shariah Funds PCC Limited ("WSF") as a class B collective investment scheme in Guernsey. WSF is a shariah-compliant investment fund which also complies with the requirements of the UCITS directive. WSF is one of only a handful of shariah-compliant funds established in Guernsey and the first for Ogier Guernsey.

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Ogier Guernsey advises on EQT V on financing of acquisition of XXL Sport & Villmark

July 2010. Press Releases by Ogier (view listing).

Ogier Guernsey recently advised the EQT V Fund on the financing of its acquisition of XXL Sport & Villmark, a Nordic sporting goods retailer. The sports retailer operates 14 sporting goods mega-stores, located in the largest cities in Norway and has a market share of close to 15 per cent in Norway.

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CARTWRIGHT KING SPEAK AT CONFERENCE

July 2010. Press Releases by Cartwright King (view listing).

Richard Boucher, a director at leading Midlands law firm Cartwright King (which has an office in Nottingham, Derby, Leicester) has recently spoken at a national conference at Birmingham University.

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BRIBERY ACT GETS POLITICAL BACKING

July 2010. Press Releases by Cartwright King (view listing).

The Bribery Act, which received Royal Assent earlier this year, increases the maximum prison term for offences of bribery to ten years and businesses are to be subject to unlimited fines.

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CARTWIGHT KING OFFER ADVICE FOR CORPORATE MANSLAUGHTER CHARGES

July 2010. Press Releases by Cartwright King (view listing).

Under the Corporate Manslaughter law, that came into effect in April 2008, an organisation can be prosecuted for a fatal accident if the way its work is managed or organised by its senior management, causes a death and is in gross breach of its duties towards an employee or third party. In the past, unless a fatality was so serious that an individual who was a “controlling mind” of the company (usually a director) could be charged with criminal manslaughter, the company could not be pursued successfully for manslaughter and would be prosecuted for health & safety offences.

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Hengeler Muelelr advises SANYO on sale of global semiconductor business

July 2010. Press Releases by Hengeler Mueller (view listing).

Japan' SANYO Electric Co., Ltd. (Osaka) has sold its global semiconductor business to the US company ON Semiconductor Corporation, Phoenix (Arizona). The transaction is subject to various closing conditions and regulatory approvals, such as clearance by merger control authorities.

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Hengeler Mueller advises Henkel on joint venture with BASF

July 2010. Press Releases by Hengeler Mueller (view listing).

Henkel AG & Co. KGaA and BASF have signed a joint venture agreement to develop innovative corrosion protection solutions for the automotive industry.

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Honorary global legal awards continue in the second half of 2010

July 2010. Press Releases by Patrikios Pavlou & Associates LLC (view listing).

Patrikios Pavlou & Associates LLC receives international awards and recognitions in the second half of 2010, ranking its specialized services in the top tier in Cyprus.

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Mr. Ivan Lishchyna joins AstapovLawyers as a new Senior Associate

A prominent Arbitration lawyer joins AstapovLawyers' Team

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Mr. Astapov spoke on Development Plan for Russian Grain Union Arbitration Center

Managing Partner spoke at International Grain Conference in Turkey

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Ms. Anna Tyshchenko has joined AstapovLawyers as a new Senior Associate

AstapovLawyers welcomes new Senior Associate in International Litigation Department

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New Associate has joined AstapovLawyers' Banking & Finance Department

Ms. Anna Yarenko has joined AstapovLawyers' Banking & Finance Department

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Two new corporate and finance partners at Carey Olsen

July 2010. Press Releases by Carey Olsen (view listing).

Channel Islands law firm Carey Olsen has announced the promotion of Robert Milner and Simon Marks to partner in the Jersey corporate and finance practice area.

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ISOLAS are delighted to announce the appointment of Elliott Phillips as a partner of the firm

July 2010. Press Releases by ISOLAS (view listing).

Elliott, who is aged 31 joined the firm in 2002 working closely with Christian Rocca in the litigation department.. He has been heavily involved in a number of significant and important cases working with highly reputable senior counsel. He is now highly regarded and respected by his peers as a responsible and dogged litigator. In addition, he manages a busy commercial practice and is especially well known in the field of employment law.

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Stamford Law’s Director Yap Wai Ming quoted in Straits Times on MBS’s second lawsuit against IPB

July 2010. Press Releases by Stamford Law Corporation (view listing).

Stamford Law Corporation's Director Yap Wai Ming was quoted in an article on the second lawsuit Marina Bay Sands (MBS) has filed against the Inter-Pacific Bar Association (IPBA) on the 28 of June 2010.

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Stamford Law to move to Ocean Financial Centre

July 2010. Press Releases by Stamford Law Corporation (view listing).

Stamford Law's move to the new Ocean Financial Centre (OFC) was mentioned in the article "Brokers' Take" in the BusinessTimes (13 July 2010). 

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Hengeler Mueller advises Thomas Cook on acquisition of Öger Tours

July 2010. Press Releases by Hengeler Mueller (view listing).

On July 12, 2010, Thomas Cook Group plc announced that it has agreed to acquire 100% of Öger Tours GmbH from its founding shareholder Vural Öger.

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Hengeler Mueller advises Phoenix Pharmahandel GmbH & Co. KG on refinancing

July 2010. Press Releases by Hengeler Mueller (view listing).

Hengeler Mueller advises Phoenix Pharmahandel, the largest pharmaceutical wholesaler in Germany and second largest in Europe, in connection with a comprehensive refinancing, including a EUR 2.6 billion syndicated loan and the issuance of a EUR 500 million high yield bond under German law as well as a EUR 500 million capital increase.

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Hengeler Mueller represents BAWAG P.S.K. AG in European Commission state aid proceedings

July 2010. Press Releases by Hengeler Mueller (view listing).

In its decision of 30 June 2010, the Commission approved in terms of restructuring state aid a capital injection of EUR 550 million from the Austrian bank rescue package provided by the Republic of Austria in favour of BAWAG P.S.K.

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Hengeler Mueller advises Otto Group on sale of ESEH to Stirling Square

July 2010. Press Releases by Hengeler Mueller (view listing).

The Otto Group has sold Environmental Solutions Europe Holding B.V. (ESEH), a leading international manufacturer of waste containers and recycling systems with an annual turnover in 2009 in the amount of € 230 million, to Stirling Square Capital Partners.

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Hengeler Mueller advises HUGO BOSS on successful defence against actions for voidance

July 2010. Press Releases by Hengeler Mueller (view listing).

On 21 June, 2010, the II. Civil Senate responsible for corporate law of Germany's Federal Court of Justice rejected the motion of a shareholder to have its appeal heard against a decision of the Higher Regional Court of Stuttgart.

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Hengeler Mueller advises Utimaco Safeware on takeover offer

July 2010. Press Releases by Hengeler Mueller (view listing).

Shield Bidco Limited, which is indirectly held by funds advised by Apax Partners, made public one June 10, 2010 a voluntary public takeover offer for the shares of Utimaco Safeware AG, a data protection specialist listed on the Frankfurt stock exchange.

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Hengeler Mueller advises Minapharm on acquisition of majority stake in ProBioGen

July 2010. Press Releases by Hengeler Mueller (view listing).

Minapharm Pharmaceuticals S.A.E., Cairo (www.minapharm.com), one of the leading pharmaceutical companies for prescription medication in Egypt and the Middle East, which specialises in the manufacture and marketing of innovative specialty pharmaceuticals and in the development and manufacture of biopharmaceutical medication as well as being listed on the Egyption stock exchange, has acquired a 95% shareholding in Berlin-based ProBioGen AG, a company specialised in mammalian cell engineering and cell culture.

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UKRAINIAN COMPANIES TO BE SHORT-LISTED AMONG THE MOST PROMISING ISSUERS ON THE LONDON STOCK EXCHANGE

July 2010. Press Releases by Integrites Group (view listing).

Ukrainian companies and companies from the CIS will be among the most attractive IPO investment targets on the Alternative Investment Market of the London Stock Exchange (AIM) in the upcoming year, concluded the participants of the “Ukrainian IPO 2011: pending new billion” round table, held in Kyiv on July 14. The event was organised by Integrites international law firm and the London Stock Exchange in partnership with Rothschild investment bank.

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AAA Baltic Service Company wins a court regarding fair price of squeeze-out

July 2010. Press Releases by AAA Baltic Service Company (view listing).

Vilnius County Court has satisfied the claim lodged by Marius Jakulis Jason, Chairman of the Board of the company group AAA and a minority shareholder of SEB Bankas and held that the price of compulsory redemption of shares offered by the bank’s shareholders ‘Skandinaviska Enskilda Banken‘ is not fair. The Court has accepted arguments presented by the lawyers of AAA Baltic Service Company, representing the Claimant, and set the redemption price of 105,71 Eur for one ordinary registered share with the nominal value of 20 EUR each. Expert examination, as ordered by the Court, was carried out by ‘Deloitte Lietuva’, Audit and Business Advisory company.

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Delphi advises Addtech in acquisition of BEVI International AB

July 2010. Press Releases by Delphi (view listing).

Addtech Industrial Solutions acquires BEVI International AB. The deal was closed July 1 2010. David Aversten, responsible partner, Michael Juhlin and Rickard Samuelsson, from Delphi advises Addtech in the transaction.

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Delphi announces two new partner promotions

July 2010. Press Releases by Delphi (view listing).

The lawyers Kristian Pedersen and Sverker Bonde was promoted to Delphi's partnership 1 July 2010.

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AVELLUM PARTNERS CELEBRATES ONE YEAR OF ITS ESTABLISHMENT

July 2010. Press Releases by Avellum Partners (view listing).

Dear Friends, Today we celebrate the first year of establishment of AVELLUM PARTNERS. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. This was a truly remarkable year of tremendous achievements for our Firm.

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New partner at AKD

July 2010. Press Releases by AKD (view listing).

01-07-2010 | Law firm and notarial services provider AKD has appointed Remco Bosveld as a partner effective 1 July 2010. Remco, who joins AKD from De Brauw Blackstone Westbroek N.V., will be part of the firm’s notarial section for corporate law in Amsterdam.

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AstapovLawyers advises Rodovid Bank

AstapovLawyers' Banking & Finance department together with Dragon Capital's team of financial advisors keep working on loan restructuring on behalf of Rodovid Bank.

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AstapovLawyers defends FOSFA first tier award in the Appeal

AstapovLawyers successfully represented its Client, a leading Russian food products manufacturer, in the appeals proceedings under English Law in FOSFA Arbitration

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AstapovLawyers co-sponsored International Legal Forum EuroLawyer 2010 in London

Third CIS-EU Legal Forum Eurolawyer 2010, an important event in the life of CIS business community, took place on April 15-16, 2010 in London and was co-sponsored by AstapovLawyers

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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.