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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

 

JOINT PRESS STATEMENT - 3RD SEPTEMBER 2018

September 2018. Press Releases by Adnan Sundra & Low (view listing).

Messrs Adnan Sundra & Low (“ASL”) and Messrs Khem Thadani (“KT”) are delighted to jointly announce the merger of both law firms with effect from 1 October 2018. This is the second merger announcement this August 2018 in relation to ASL, following the joint media statement dated 8 August 2018 announcing the merger between ASL and boutique law firm Messrs Putri Norlisa Chair.

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Bär & Karrer Advises the Sellers of Astes4 SA

August 2018. Press Releases by Bär & Karrer (view listing).

The owners of Astes4 SA, a company based in Balerna, Switzerland, which is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines, sold their interests in the company to Mitsubishi Electric Corporation. Mitsubishi Electric is active in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. By acquiring Astes4, Mitsubishi Electric will further strengthen its lineup of automation systems together with sorting solutions for sheet metal laser processing machines to provide its valued customers with integrated solutions that require less manual loading, unloading and sorting to realize higher productivity and efficiency.

Bär & Karrer acted as legal advisor of the Sellers of Astes4 SA in this transaction. The team included Paolo Bottini and Edoardo Buzzi (both M&A).

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LIQUIDATOR & INSOLVENCY PRACTITIONER

August 2018. Press Releases by CHAMBERSFIELD ECONOMIDES KRANOS (view listing).

According to the provisionsof the current legislation and specifically as per the Insolvency ConsultantsLaw of 2015 and the Insolvency consultants Regulations of 2015, a certifiedinsolvency consultant may act on behalf of legal entities (companies) as aliquidator, interim liquidator, receiver, administrator or evaluator. Also, alicensed insolvency consultant may act on behalf of a physical person, as abankruptcy administrator, a temporary receiver of his/her property or a specialadministrator of his/her property or business, or as a consultant concerningrepayment schemes and loans restructuring.

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MICHALIS ECONOMIDES - LAWYER OF THE YEAR

August 2018. Press Releases by CHAMBERSFIELD ECONOMIDES KRANOS (view listing).

Michalis Economides awarded with the Law Award CYPRUS -GAMECHANGER LAWYER OF THE YEAR

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ADVISORY EXCELLENCE RECOGNITION

August 2018. Press Releases by CHAMBERSFIELD ECONOMIDES KRANOS (view listing).

Advisory Excellence network an international body that profilesthe leading experts that are distinguished from their innovation andperformance worldwide, has recognized and honored Chambersfield EconomidesKranos, as a full Service Law Expert firm in Cyprus. 

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SyCipLaw is an IAM Patent 1000 Recommended Firm

August 2018. Press Releases by SyCip Salazar Hernandez & Gatmaitan (view listing).

SyCip Salazar Hernandez & Gatmaitan has been ranked by IAM Patent 1000: The World’s Leading Patent Professionals 2018 as a Recommended Firm. SyCipLaw IP department head Enrique T. Manuel and partner Vida M. Panganiban-Alindogan are also ranked as leading individuals.

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LAG Hamm – Prohibited surveillance in the workplace

August 2018. Press Releases by GRP Rainer LLP (view listing).

Monitoring employees using video surveillance is only permitted within narrow boundaries. Illegal recordings cannot therefore be used as evidence in the context of workplace legal disputes.

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RELEASE OF EGYPT'S FIRST CENTRAL MOVABLE COLLATERAL REGISTRY

August 2018. Press Releases by Riad & Riad (view listing).

The Egyptian Financial Regulatory Authority (“FRA”) announced the launch of the Egypt's first central movable collateral registry.

Egypt had its first Movable Collaterals Law on 15 November 2015 (Movable Collaterals Law no. 115/2015), and the Ministry of Investment passed the Executive Regulations On 15 December 2016.

The law introduced an overarching system for taking non-possessory security over diversified movable assets. It aims at facilitating access to credit through a well-defined legal regime that is in line with the international standards, such as those established by the United Nations Commission on International Trade Law (UNCITRAL) and by the World Bank.

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Competition law – The term “Praxisklinik” does not entail inpatient treatment

August 2018. Press Releases by GRP Rainer LLP (view listing).

A dentist is allowed to promote his or her homepage with the term “Praxisklinik”, i.e. “(practice) clinic”, even if they do not admit patients for extended periods of time as inpatients. That was the verdict of the Landgericht (LG) Essen, the Regional Court of Essen.

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Improper extension of a discount campaign

August 2018. Press Releases by GRP Rainer LLP (view listing).

Caution is advised when extending a fixed-term discount campaign. Extending the campaign may constitute misleading advertising and thus a violation of competition law.

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Power of attorney can constitute a valid will

August 2018. Press Releases by GRP Rainer LLP (view listing).

It is possible for a power of attorney to constitute a valid will. That was the verdict of the Oberlandesgericht (OLG) Hamm, the Higher Regional Court of Hamm, in a ruling from May 11, 2017 (Az.: 10 U 64/16).

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Highlights: WSG 2018 Asia Pacific Regional Meeting

August 2018. Press Releases by SyCip Salazar Hernandez & Gatmaitan (view listing).

SyCip Salazar Hernandez & Gatmaitan hosted the World Services Group (WSG) 2018 Asia Pacific Regional Meeting last March 13-14, 2018. The meeting was attended by over 40 representatives from 22 member firms worldwide, including Argentina, Australia, Brazil, Cambodia, Colombia, Hong Kong, Indonesia, Italy, Japan, Jersey, Macau, Malaysia, New Zealand, Philippines, Poland, Russia, Singapore, South Korea, Sweden, Taiwan, and USA.

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Bär & Karrer Advises Constellium on the Sale of Rolling Business Assets in Sierre, Switzerland, to

August 2018. Press Releases by Bär & Karrer (view listing).

On 23 July 2018, Constellium Valais SA, a company of the Constellium group engaged in the aluminium plate and extrusions businesses for industry, aerospace and transportation applications, successfully completed the sale of its aluminium rolling business assets in Sierre, Switzerland, to Novelis Switzerland SA for EUR 200 million. The assets, consisting of real estate, machinery and equipment, were previously leased by Constellium Valais to Novelis Switzerland and both parties will continue to operate in Sierre following the transaction. Concurrently with the asset sale, Constellium Valais contributed the Sierre site's shared infrastructure to a newly established 50-50 joint venture with Novelis Switzerland.

Bär & Karrer acted as legal advisor to Constellium Valais in this transaction. The team included Peter Hsu, Daniel Flühmann, Thomas Rohde, Urs Kägi, Daniel Küpfer, Marcel Züger, Annina Hammer, Tiffany Ender and Matthias Tanner (all Corporate), Corrado Rampini, Charles Gschwind and Grégory Pauli (all Real Estate), Mani Reinert (Competition), Laura Widmer (Employment), Ruth Bloch-Riemer (Pension), Raima Sherifoska (Notarial Services) as well as Nadja Jaisli Kull and Kaspar Projer.

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Bär & Karrer Advises Bank Cler in Connection with the Public Tender Offer by Cantonal Bank of Basel

August 2018. Press Releases by Bär & Karrer (view listing).

On 20 June 2018, the Cantonal Bank of Basel, which already holds 77.52% of the share capital and the voting rights of Bank Cler Ltd., published the preannouncement for a public tender offer for all publicly held bearer shares of Bank Cler, which is listed on the SIX Swiss Exchange. Subsequently, Bank Cler concluded a transaction agreement with the Cantonal Bank of Basel regarding the public tender offer. The Cantonal Bank of Basel offers CHF 52 per share of Bank Cler. Taking into consideration the results of the Fairness Opinion of an independent Expert, the board of directors of Bank Cler recommends to its shareholders to accept the offer.

Bär & Karrer advises Bank Cler in connection with this transaction. The team of Bär & Karrer includes Urs Brügger, Dieter Dubs, Fabienne Perlini and Marc Poltéra (all M&A).

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JunHe’s latest achievement| JunHe clinches a place in the top three “2018 Universum China Most A

August 2018. Press Releases by JunHe LLP (view listing).

JunHe’s latest achievement clinches a place in the top three “2018 Universum China Most Attractive Legal Employer Awards”, for the third year in a row.

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In Memoriam: Andres G. Gatmaitan

August 2018. Press Releases by SyCip Salazar Hernandez & Gatmaitan (view listing).

SyCipLaw mourns the passing of Andres G. Gatmaitan, a name partner and a former managing partner of the firm. He died at the age of 78.

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Breach of duty by management – Special audit in cases involving a GmbH

August 2018. Press Releases by GRP Rainer LLP (view listing).

If there is reason to suspect that management has breached its duties, the shareholders of a GmbH, a type of a German private limited company, can request that a special audit be carried out.

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Changes in Serbian Employment Legislation 2018

August 2018. Press Releases by Karanovic & Nikolic (view listing).

The beginning of the summer brought amendments to several employment-related laws. The most notable changes are presented below:

The Law on the Employment of Foreigners

  • The duration of the labour market test - The labour market test within the work-permit acquisition process (through which the National Employment Service examines whether there are any Serbian citizens suitable for the vacant position), is shortened to 10 days, having previously lasted one month. This amendment is expected to expedite the procedure of issuing work permits.
  • A new type of work permit is introduced - the temporary work permit. This permit may be issued in cases of national interest or for the purpose of fulfilling Serbia's international obligations. In this case, the labour market test may even last less than 10 days, upon the Minister of Labour's decision. The temporary work permit may be issued with consent from the Minister of Interior to a foreigner who applied for a temporary residence permit, with a validity period of up to 45 days.

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Simon Watt ranked as international climate change expert in Chambers Global 2018

August 2018. Press Releases by Bell Gully (view listing).

Bell Gully partner Simon Watt is the only New Zealand climate change expert ranked in international climate change rankings of Chambers Global for a fourth consecutive year.

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Busiest year for takeovers in a decade

August 2018. Press Releases by Bell Gully (view listing).

New Zealand listed companies attracted strong interest from buyers in 2017, producing the highest level of takeover activity seen in the past decade, according to a new update by law firm Bell Gully.

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GRP Rainer Rechtsanwälte – Report on D&O insurance

August 2018. Press Releases by GRP Rainer LLP (view listing).

In cases where damage or injury has occurred, it is increasingly common for the issue of D&O liability to take centre stage. For this reason, many companies have taken out a D&O insurance policy for their managers.

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GRP Rainer Rechtsanwälte – Experience with right of authorized dealer to claim compensation

August 2018. Press Releases by GRP Rainer LLP (view listing).

Like commercial agents, authorized dealers may also be entitled to claim compensation after the relevant agreement has been terminated. For this to happen, certain conditions need to be fulfilled.

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Commercial agent’s right to claim compensation in the case of past clients

August 2018. Press Releases by GRP Rainer LLP (view listing).

The commercial agent’s right to claim compensation in the event of turnover increases with past clients comes up time and time again as a contentious issue. A ruling of the Oberlandesgericht (OLG) Celle, the Higher Regional Court of Celle, has now bolstered the position of commercial agents (Az.: 11 U 88/16).

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Bell Gully welcomes new Chair

August 2018. Press Releases by Bell Gully (view listing).

Leading law firm Bell Gully has appointed Anna Buchly as its new Chair.

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Bell Gully advises on the sale of leading Auckland radiology groups

August 2018. Press Releases by Bell Gully (view listing).

​​​Bell Gully has advised the sellers on the sale of three leading Auckland radiology groups to Australian listed medical imaging company Integral Diagnostics (ASX: IDX).

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Bell Gully advises on nationally significant Asset Management and Facilities Management contract

August 2018. Press Releases by Bell Gully (view listing).

Bell Gully has advised the Department of Corrections on a new national Asset Management and Facilities Management Services contract, considered to be one of the most significant outsourcings by the New Zealand Government in recent years.

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Bell Gully welcomes two new senior associates

August 2018. Press Releases by Bell Gully (view listing).

Bell Gully has further strengthened the senior ranks of its corporate and resource mana​gement teams with the appointment of two new senior associates, Ryan Ellis ​​​​​​​​​​​​​​​​​​​​​and ​​​Jill Gregory​.

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Bell Gully advises Orion Health Group Limited on its transaction with private equity technology inve

August 2018. Press Releases by Bell Gully (view listing).

​​​Bell Gully advised NZX/ASX listed company Orion Health Group Limited (Orion Health) on its agreement in relation to Orion Health's Rhapsody and Population Health businesses with private equity technology investor Hg. Hg is a specialist technology private equity investor with funds of c.£10 billion under management.

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Bell Gully releases ninth Pro Bono and Community report

August 2018. Press Releases by Bell Gully (view listing).

Many of the charitable organisations we partner with work tirelessly raising awareness for groups in society that are marginalised and unheard. They strive to give them a voice and the practical support they need to thrive.​

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Bell Gully advises software company Gentrack on accelerated entitlement offer

August 2018. Press Releases by Bell Gully (view listing).

Bell Gully is advising NZX/ASX listed company Gentrack on an accelerated entitlement offer as it seeks to raise approximately NZD$90 million to pay down debt from recent acquisitions. Gentrack provides essential software services to utilities companies and airports.​

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Bär & Karrer Successful in Appeal Proceedings before the Federal Administrative Court Against the F

August 2018. Press Releases by Bär & Karrer (view listing).

On 11 May 2016, the French tax authorities requested administrative assistance from the Swiss Federal Tax Administration. The request was made based on lists containing several thousand UBS Switzerland AG account numbers which are or were held by persons presumed to be French residents for tax purposes. The French tax authorities were asking for Switzerland to provide names and dates of birth of the persons connected to the accounts as well as the account balances. UBS Switzerland AG (which the Federal Administrative Court ("FAC") had granted party status in its judgment A-4974/2016 of 25 October 2016) and private individuals directly affected lodged appeals with the FAC against the Federal Tax Administration’s final decisions, which were issued on 9 February 2018.

With its judgment A-1488/2018 of 30 July 2018 the FAC has now ruled on UBS Switzerland AG’s appeal and has concluded that one of the conditions has not been met in this case, namely the prerequisite that the request for administrative assistance must deliver grounds for assuming that the taxpayers involved have failed to comply with their tax obligations; the Court holds that simply having an account in Switzerland is not sufficient. The explanations delivered by the French authorities were insufficient.

The Federal Administrative Court affirms the appeal to the extent as it declares it admissible. The judgement can be appealed before the Swiss Federal Court within the restrictions of Art. 84a of the Swiss Federal Supreme Court Act of 17 June 2005 (i.e. if the legal question at stake is of fundamental importance or if the case is particularly significant for other reasons).

Bär & Karrer successfully represented UBS Switzerland AG before the Federal Administrative Court. The team included Andreas Länzlinger and Roman Huber (both Litigation).

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AVELLUM advises EBRD on senior secured loan to Kyiv Cardboard and Paper Mill

August 2018. Press Releases by Avellum (view listing).

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR10 million (with an option to incease the loan up to EUR25 million) to Private Joint-Stock Company “Kyiv Cardboard and Paper Mill” (“KCPM”).

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BGH – Abuse of superior market power is a violation of antitrust law

August 2018. Press Releases by GRP Rainer LLP (view listing).

If a company abuses its market power, this constitutes a violation of antitrust law. In a ruling from January 23, 2018, the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court, has bolstered the Bundeskartellamt, Germany’s Federal Cartel Office (Az.: KVR 3/17).

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Bell Gully wins Deal Firm of the Year at the 2018 Australasian Law Awards

July 2018. Press Releases by Bell Gully (view listing).

Bell​ Gully is delighted to have won the top New Zealand award, Deal Firm of the Year, at the 2018 Australasian Law Awards.

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Temporary Work Permits

July 2018. Press Releases by GVZH Advocates (view listing).

It has been recently announced that Identity Malta would reduce the application time of a single work permit by weeks, by allowing foreign workers to start working (on a temporary basis) as soon as their application was approved.

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Introduction of new MGA Regulatory Framework moves to 1st August 2018

July 2018. Press Releases by GVZH Advocates (view listing).

Further to the notification of the draft legal framework regulating gaming in Malta through the Technical Regulation Information System, a Detailed Opinion has been issued by a Member State in relation to the current draft of the Gaming Authorisations Regulations (the “Regulations”) and the European Commission and another Member State have also issued comments in relation to the various proposed legislative instruments.

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Malta Ahead of the Game: Three cryptocurrency and blockchain Bills passed the second reading stage

July 2018. Press Releases by GVZH Advocates (view listing).

During a conference organised by the Malta Institute of Management, Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, announced that the three crypto-related bills, namely the Malta Digital Innovation Authority Bill, the Innovation Technological Arrangements and Services Bill, and the Virtual Financial Assets Bill will pass through the second reading in Parliament, and in fact yesterday evening the Maltese Parliament finalised the second reading stage. The bills will now move on to the committee stage and then on to the third reading stage. Once the third reading in parliament is concluded the bills will then be presented to the President of Malta for her assent and become law.

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Extension of the Special Designated Areas

July 2018. Press Releases by GVZH Advocates (view listing).

By virtue of Legal Notice 181 of 2018, the list of Special Designated Areas has been extended to now include the Southridge Development in Mellieha.

In terms of Chapter 246 of the Laws of Malta, the following table would need to be followed for the acquisition of immovable property in Malta:

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Deduction for Transportation Cost of Employees Rules

July 2018. Press Releases by GVZH Advocates (view listing).

At the end of February, the Deduction for Transportation Cost of Employees Rules were published through LN67 of 2018. These rules shall apply with respect to transportation costs incurred for the transport of employees as from the year of assessment 2018. These rules shall remain in effect up to the year of assessment 2020.

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VAT Grouping Regulations

July 2018. Press Releases by GVZH Advocates (view listing).

By Virtue of L.N. 162, the newly implemented VAT Grouping regulations shall come into force as of 1st June 2018. VAT Grouping will enable members of a VAT Group to avoid irrecoverable VAT due on charges made between such members. Applicants forming the VAT Group will be required to be bound by financial, economic and organisational links. Moreover, one of the applicants within the VAT Group must be a taxable person who is licensed or recognised by the Malta Financial Services Authority (MFSA) or the Malta Gaming Authority (MGA).

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Deduction for Transportation Cost of Employees Rules

July 2018. Press Releases by GVZH Advocates (view listing).

At the end of February, the Deduction for Transportation Cost of Employees Rules were published through LN67 of 2018. These rules shall apply with respect to transportation costs incurred for the transport of employees as from the year of assessment 2018. These rules shall remain in effect up to the year of assessment 2020.

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Notional Interest Deduction (NID) Rules

July 2018. Press Releases by GVZH Advocates (view listing).

By virtue of Legal Notice 37 of 2018, the Maltese government introduced the Notional Interest Deduction (NID) Rules. Traditionally, businesses operating in Malta finance their operation via debt, given that interest is a deductible taxable expense. On the other hand, equity funded business do not have a corresponding deduction and hence the NID aims to equate the tax treatment of debt and equity by allowing the deduction of a notional interest over equity.

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The Malta Gaming Authority (MGA) Publishes Industry Guidelines on the General Data Protection Regula

July 2018. Press Releases by GVZH Advocates (view listing).

In anticipation of the coming into force of the GDPR, the MGA, in consultation with the Office of the Information and Data Protection Commissioner (“IDPC”) has issued a guidance document which intends to provide B2C licensees with guidance on the processing of personal data carried out throughout the course of their gaming service operations.

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GOLAW has Successfully Defended the Interests of One of the Largest Banks in Ukraine

July 2018. Press Releases by GOLAW (view listing).

GOLAW has successfully defended the interests of Ukrsotsbank, one of the largest banks in Ukraine, in a credit dispute over the obligations under a surety agreement.

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GRP Rainer Rechtsanwälte – Abuse of a dominant market position – Antitrust assessment

July 2018. Press Releases by GRP Rainer LLP (view listing).

Businesses are not allowed to abuse their dominant market position, as this constitutes a violation of antitrust law. The key issue that requires assessment is when this kind of abuse has occurred.

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Heirs within a patchwork family

July 2018. Press Releases by GRP Rainer LLP (view listing).

Patchwork families, also known as blended families, are no longer a rarity today, yet succession law has yet to adapt to this development. According to the rules of intestate succession, stepchildren come away empty-handed.

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Bär & Karrer Advises BZ Bank on Purchase of United Grinding Group

July 2018. Press Releases by Bär & Karrer (view listing).

BZ Bank Aktiengesellschaft, through its acquisition company LEMRO AG, purchased the United Grinding Group from Körber Beteiligungen GmbH. The United Grinding Group is one of the world's leading suppliers of precision grinding machines.

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Bär & Karrer advised PSP Swiss Property on Sale of a Commercial Property

July 2018. Press Releases by Bär & Karrer (view listing).

PSP Swiss Property sold a commercial property in Petit-Lancy, Geneva. The property at the Av. des Morgines 8/10 (approx. 14'000 m2 of rentable space) was sold for CHF 55 million to an affiliate company of Epic Suisse AG.

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JunHe Reputation | JunHe Ranked Tier 1 for Patent and Tier 2 for Trademark/Copyright by ALB 2018

July 2018. Press Releases by JunHe LLP (view listing).

Asian Legal Business, an authoritative publication on the law profession in the region, released its 2018 ALB IP Rankings in May 2018. Continuing the strong results it has consistently attained over the last 8 years, the JunHe IP team once again performed outstandingly well, maintaining a Tier 1 ranking for patent services and Tier 2 for trademark/copyright.

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