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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

 

Stowe Family Law office in Birmingham recruits a new lawyer to support business growth

February 2019. Press Releases by Stowe Family Law (view listing).

December 4, 2018

Experienced lawyer, Shelley De’Worringham has joined the Birmingham office of Stowe Family Law, the UK’s largest specialist family law firm.

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Maravela|Asociații extends its team

February 2019. Press Releases by Maravela & Asociaţii (view listing).

Maravela|Asociații started 2019 with a consolidated consultancy team, following recent recruitment and internal promotion of several existing team members.

Thus, in alphabetical order, Raluca Ciocârlan, Roxana Neacșu and Flavia Ștefura joined the firm’s consultancy team.

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Boult Wade Tennant opens in Berlin, Germany

February 2019. Press Releases by Boult Wade Tennant (view listing).

Boult Wade Tenant is delighted to announce the opening of the Berlin office.

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Jindal ITF Ltd. wins INR 2015 Crores plus interest and applicable taxes in Arbitration against NTPC

February 2019. Press Releases by Singh & Associates Founder – Manoj K Singh A (view listing).

The Final Award dated 27.01.2019 has now been pronounced by the Hon’ble Arbitral Tribunal, which was constituted of three Hon’ble Members [Justice Vikramajit Sen (Retd.), Justice B.P. Singh (Retd.) and Justice Anil Kumar (Retd.)]. The Arbitral Tribunal passed the Award in favour of M/s. Jindal ITF Ltd. (“JITF”) (a PR Jindal Group Company) against NTPC Ltd. (“NTPC”).

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Legal clarity for international couples on matrimonial property

February 2019. Press Releases by Gauci-Maistre Xynou (view listing).

Malta is among the 18 EU member states where new EU Regulations clarifying the rules applicable to property regimes for international married couples or registered partnerships, entered into force on 29 January 2019.

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Afridi & Angell Announces New Partners

February 2019. Press Releases by Afridi & Angell (view listing).

DUBAI - Monday 14 January 2019 - Afridi & Angell is pleased to announce that Chatura Randeniya and Danielle Lobo have been admitted to the partnership, effective 1 November 2018.

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Karanovic & Partners Promotes New Senior Associates

January 2019. Press Releases by Karanovic & Nikolic (view listing).

Karanović & Partners is pleased to announce that Milorad GajićAndrej JelenkovićMina Srećković, Amina Đugum and Lejla Popara, have been named Senior Associates.* These talented individuals have established themselves as key members of our team, and their promotion reflects their professionalism, as well as exemplary service to clients.

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Major Transaction: Epic Games Acquires 3Lateral

January 2019. Press Releases by Karanovic & Nikolic (view listing).

Karanovic & Partners is proud to support Epic Games in their acquisition of 3Lateral, the leading developer of digital humans technology and creative content.

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Macedonia: Stricter Rules For Awarding New Exploitation Concessions

January 2019. Press Releases by Karanovic & Nikolic (view listing).

After a long, complex and nation-wide discussion, on 9 January 2019, the Macedonian Parliament introduced stricter rules for obtaining exploitation concessions. Effective immediately, the novelties from the Minerals Law target potentially new mines, and they came as a result of the broad interest shown during the last couple of years concerning the environmental effects of the mining sector, expressed by rallies, local referendums, constitutional challenges and various debates.

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Azmi & Associates Announces the Promotion of 13 Members to Senior Associates

January 2019. Press Releases by Azmi & Associates (view listing).

Azmi & Associates is pleased to announce the promotion and hiring across the firm of fourteen (14) lawyers as mentioned below, five (5) to Senior Associate 1, eight (8) to Senior Associate 2 and one (1) admission as an Associate, with effect from 7th January 2019, as a part of the firm’s recognition and appreciation of the efforts, growth and development of its members.

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Tanner De Witt enhances its litigation practice with the appointment of Kevin Bowers

January 2019. Press Releases by Tanner De Witt (view listing).

Tanner De Witt announces with great pleasure the appointment of Kevin Bowers as a Consultant in the firm’s Litigation and Dispute Resolution Practice.

Kevin is a dual-qualified lawyer in England and Wales and Hong Kong and has practiced as a commercial disputes lawyer and partner with three leading independent Hong Kong law firms over the last twenty years.

Kevin specialises in commercial, insurance and employment litigation and dispute resolution both in Hong Kong and internationally. He handles complex multi-jurisdictional commercial cases involving debt recovery, sale of goods, trade finance, media law, fraud, shareholder, joint venture, employment, property (including land rights disputes and building management / tenancy issues) and franchise disputes, contentious family/probate/trusts, asset tracing, injunction proceedings, jurisdictional challenges, public inquiries and judicial reviews.

Kevin is a Solicitor Advocate in Hong Kong, and an Accredited Mediator with the Hong Kong International Arbitration Centre (HKIAC) and The Law Society of Hong Kong. He has appeared as an expert witness (on Hong Kong corporate law) in the BVI High Court.

Mark Side, Partner and Co-Head of Litigation and Dispute Resolution at Tanner De Witt, said:

“We are delighted to welcome Kevin to the Litigation and Dispute Resolution team. His two decades of experience in commercial disputes is an asset that is sure to add value to our Litigation and Dispute Resolution offering.”

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Mayer Brown promotes seven to counsel in Asia

January 2019. Press Releases by Mayer Brown (view listing).

Mayer Brown promotes seven to counsel in Asia

Hong Kong, 21 November 2018 – Mayer Brown has announced the promotion of seven lawyers in Asia to counsel. The appointments are effective January 1, 2019.

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Mayer Brown promotes five to partner in Asia

January 2019. Press Releases by Mayer Brown (view listing).

Mayer Brown promotes five to partner in Asia

Hong Kong, 21 November 2018 —Mayer Brown has announced the promotion of five lawyers in Asia to partner. The appointments are effective January 1, 2019.

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CELEBRATING 10 YEARS!

January 2019. Press Releases by Bryan Cave Leighton Paisner LLP (view listing).

Today is a big day for Bryan Cave Leighton Paisner (Russia) LLP, formerly Goltsblat BLP in Russia: the firm is celebrating ten years since merging with international law firm Berwin Leighton Paisner. Since then, Goltsblat BLP has evolved into a leader on the Russian legal market and, following one of the biggest ever transatlantic mergers, also globally, under the new brand Bryan Cave Leighton Paisner (Russia) LLP.

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THAI LAW FIRM PISUT & PARTNERS HAS WELCOMED TWO NEW PARTNERS TO THEIR TEAM.

January 2019. Press Releases by Pisut & Partners (view listing).

16 January 2019, Bangkok – Pisut & Partners is delighted to announce the appointment of Messrs.

David W. Lawrence and Wayu Suthisarnsuntorn, as Partners.

 

David is a U.S. qualified lawyer (Illinois) who has been working in Thailand since 2010. David joined Pisut & Partners as a partner in January 2019, where he serves his corporate, SME and personal clients over a wide range of industries, regions and matters. David’s prior global role as Senior Legal Counsel for SET and SGX listed Sri Trang Agro-Industry, PCL, a key supplier to the automobile industry and Thailand’s largest producer of medical gloves, provided him the opportunity to facilitate the departure of their former joint venture partner and subsequently support the global expansion of their medical devices business. Prior to joining Sri Trang, David worked as a Senior Consultant at Tilleke & Gibbins, where he focused on complex disputes and led the firm’s regional hotels and hospitality practice group. David’s main expertise lies in devising and implementing effective, practical and commercially viable solutions to complex problems faced by companies and individuals.

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Celebrating 125 years of Boult Wade Tennant!

January 2019. Press Releases by Boult Wade Tennant (view listing).

This year, 2019, we are delighted to be celebrating the 125th anniversary of Boult Wade Tennant.

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Azmi & Associates Welcomes A New Partner – Ms. Sharifah Sazita Syed Hamzah

January 2019. Press Releases by Azmi & Associates (view listing).

Azmi & Associates is pleased to announce the appointment of Sharifah Sazita Syed Hamzah as its new partner of the Firm’s Infrastructure, PPP and Project Finance (IPPF) Practice Group, in line with the Firm’s growth strategy and continued expansion.

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Afridi & Angell receives honourable mentions at The Oath Middle East Legal Awards 2018

January 2019. Press Releases by Afridi & Angell (view listing).

DUBAI - Sunday 16 December 2018 - At The Oath Middle East Legal Awards on Wednesday 5 December 2018, Afridi & Angell received multiple honourable mentions including Regional Law Firm of the Year, Banking & Finance Team of the Year, and Employment Team of the Year.

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Zijin Mining Officially Takes Over RTB Bor

January 2019. Press Releases by Karanovic & Nikolic (view listing).

Zijin Mining, one of China's biggest gold producers and the second biggest producer of copper ore, became a major shareholder of the Serbia's sole copper complex RTB Bor. The Chinese company pledged to invest USD 1.46 billion in return for a 63% stake.

Karanovic & Partners advised Zijin Mining in this privatisation procedure. The services performed by the Karanovic & Partners legal team – led by Senior Partner Miloš Vučković and Partner  Ivan Nonković, included legal advisory, a due diligence of RTB Bor, the review, analysis and negotiations of the transaction documents, as well as assistance in the privatisation process.

Copper ore has been excavated and melted for more than 100 years in RTB Bor, which contributes 0.8% to the country's GDP. 

Zijin Mining Group Company Limited is a leading a Chinese gold, copper and non-ferrous metals producer and refine. The company employs more than 17 thousand workers in nine countries, and last year it was the 22nd most valuable mining company in the world. Zijin's annual operating income amounts to EUR 10 billion, with net profits exceeding EUR 230 million.

Zijin has pledged that it would keep all 5,000 workers currently employed in RTB Bor.

* Independent attorney at law in cooperation with Karanović & Nikolić.

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Karanovic & Partners wins the 2018 Stanton Chase Most Innovative Talent Programme Award

January 2019. Press Releases by Karanovic & Nikolic (view listing).

We are honoured and delighted to announce that Karanovic & Partners won the Stanton Chase Talent Management Award in the Most Innovative Locally Developed Talent Programme category. These prestigious accolades are organized by  Stanton Chase, the leading international retained executive search and consulting firm and are now in their fifth year.

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Benelux law firm AKD expands with McGuireWoods’ Brussels team

December 2018. Press Releases by AKD (view listing).

Benelux law firm AKD expands its Brussels office by adding McGuireWoods’ Brussels team, following AKD’s strategy to be the first choice full-service legal and tax services provider in the Benelux. The incoming team consists of partners Hubert André-Dumont, Paul van den Bulck, Timothy Speelman, Steven Ongena, counsel Pol Cools, and four associates.

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Hayes Primed To Kick Recruitment Drive After 'Tremendous' Performance

December 2018. Press Releases by Hayes Solicitors (view listing).

Ken Casey of Hayes Solicitors sees echoes of the fortunes of Irish rugby in 2018 in his own team’s performance over the year.

“The first quarter was full of hope, we got some early points on the board and then, after a couple of really interesting wins for us, the second half of the year has been just tremendous,” says Ken.

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Singh & Associates wins “Best Law Firm of the Year 2018”

December 2018. Press Releases by Singh & Associates Founder – Manoj K Singh A (view listing).

Singh & Associates wins “Best Law Firm of the Year 2018” Award at India Legal Summit & Awards 2018

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GOLAW strengthens its leadership position among TOP-10 Ukrainian law firms

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

GOLAW has been ranked No. 7 Law Firm in Ukraine according to the 50 Leading Law Firms annual rating published on 4 December 2018 by Legal Practice periodical.

«The core value of GOLAW is our Clients. I am grateful to each of them for awarding us their trust and challenging projects, for allowing our team to continuously demonstrate the power of legal excellence during all these years.»

Valentyn Gvozdiy,

Managing Partner

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Bär & Karrer awarded by Mergermarket as "Switzerland M&A Legal Adviser of the Year 2018"

December 2018. Press Releases by BÄR & KARRER LTD. (view listing).

At this year's Mergermarket European Awards Ceremony on 6 December 2018 in London, Bär & Karrer has been awarded as the "Switzerland M&A Legal Adviser of the Year 2018".

Mergermarket, an independent mergers and acquisitions intelligence and data service, honors the work of leading law firms and financial advisers across Europe every year. The selection is based on a comprehensive analysis of transaction data from the Mergermarket's M&A deals database with consideration of key criteria such as complexity, structure as well as groundbreaking and strategic nature of the deals. The judging panel including leading European M&A practitioners chose Bär & Karrer already for the fourth time from among six shortlisted law firms that were particularly active in the Swiss M&A market in 2018.

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Oil and Gas Drilling by EU Companies in Romania

December 2018. Press Releases by Buzescu Ca (view listing).

Can an EU registered company carry out drilling operations in Romania?

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BRYAN CAVE LEIGHTON PAISNER (RUSSIA) REPRESENTING RUSHYDRO IN ARBITRATION AGAINST KYRGYZSTAN

December 2018. Press Releases by Bryan Cave Leighton Paisner LLP (view listing).

Bryan Cave Leighton Paisner (Russia) LLP (formerly Goltsblat BLP in Russia) is representing RusHydro, a Russian energy major, in an international arbitration brought against the Kyrgyz Republic over the termination of the intergovernmental agreement dated 20 September 2012 for construction and operation of the Upper-Naryn hydroelectric power plants. 

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Renewable Incentives in Serbia Remain Unchanged in 2019

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

The Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (Decree) until the end of 2019. It was initially valid until the end of 2018.

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Bell Gully confirmed as exclusive legal supplier for Emirates Team New Zealand

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

Bell Gully is proud to announce that it is an exclusive legal supplier to Emirates Team New Zealand for the 36th America's Cup defence.

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Bell Gully advises on the acquisition of New Zealand fintech TALKINGTECH

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

Bell Gully has advised data registry and analytics business illion (formerly trading as Dun & Bradstreet) on its acquisition of fintech business TALKINGTECH.

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Bell Gully advises Contact Energy on Rockgas sale

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

Bell Gully advised Contact Energy Limited (Contact) on the sale of its LPG business, Rockgas, to Gas Services NZ Midco Limited (GSNZ) for $260 million.

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Bell Gully advises Nelson Properties Limited and Global Forest Partners LP on the sale of Nelson For

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

Bell Gully advised Nelson Properties Limited (NPL), an investment fund advised by Global Forest Partners LP (GFP), on the sale of shares in Nelson Forests Limited to Australian forestry company OneFortyOne Plantations Holdings Pty Limited (OFO), which received regulatory approval to proceed in late August.

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Bell Gully advises Straker Translations Limited on its IPO and ASX listing

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

Bell Gully advised Straker Translations Limited on its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX) on October 22. Straker Translations Limited is a cloud-enabled translation services provider with sales offices across nine countries, includ​ing the US, UK and Singapore.

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Leading law firms advise on Fletcher Building sale of Roof Tile Group to IKO

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

Leading law firms Chapman Tripp and Bell Gully advised on Fletcher Building’s sale of international roofing products manufacturer Roof Tile Group (RTG) to Canadian roofing company IKO.​

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Bell Gully acts on a significant tax avoidance win

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

Bell Gully represented Frucor Suntory New Zealand Limited in Frucor Suntory New Zealand Limited v Commissioner of Inland Revenue, a High Court decision which marks an important victory for New Zealand tax-paying entities on tax avoidance. 

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​​​Bell Gully leads New Zealand across key IFLR1000 2019 ranking categories

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

International Financial Law Review (IFLR) has recognised Bell Gully as leading the New Zealand market across key categories in its latest directory released in early November.

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Bell Gully advises Crown Infrastructure Partners on new funding model for Fulton Hogan's Milldale de

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

Bell Gully advised Crown Infrastructure Partners (CIP) on the development and implementation of a new funding model recently announced by the Government at Fulton Hogan's Milldale development, north of Auckland. Work on the project commenced in early 2018 and reached financial close last month.

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Leading experts from infrastructure sector converge at the QUEST 2018 by Singh & Associates

December 2018. Press Releases by Singh & Associates Founder – Manoj K Singh A (view listing).

Singh & Associates (S&A), a leading full-service law firm, successfully hosted QUEST 2018 - Knowledge Exchange Series in collaboration with PricewaterhouseCoopers (PwC). The event brought together experts and industry leaders from the Infrastructure Sector who shared their insights and experiences on various aspects of infrastructure project execution and dispute resolution.

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Women in Law UK launches in Leeds

December 2018. Press Releases by Stowe Family Law (view listing).

November 15, 2018

It was a fantastic launch for Women in Law UK in Leeds last night with Rachel Roberts, Managing Partner of the Stowe Family Law office in Leeds on the panel in her role as ambassador.

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Harrogate based Stowe Family Law wins Law Firm of the Year at the Elite Business Awards

December 2018. Press Releases by Stowe Family Law (view listing).

November 5, 2018

Stowe Family Law, the country’s largest specialist family law firm, has won Law Firm of the Year at the Elite Business Awards.

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Stowe launches specialist domestic and international surrogacy law service

December 2018. Press Releases by Stowe Family Law (view listing).

October 31, 2018

Stowe Family Law, the country’s largest specialist family law firm, has launched a specialist domestic and international surrogacy law service across a number of its 17 offices.

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Stowe celebrates excellent results in The Legal 500 rankings

December 2018. Press Releases by Stowe Family Law (view listing).

October 30, 2018

Stowe Family Law, the country’s largest specialist family law firm, is celebrating an excellent set of results in The Legal 500 rankings, a top independent leading guide to the best lawyers and law firms across the UK.

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We are all set for our annual conference in Birmingham this weekend

December 2018. Press Releases by Stowe Family Law (view listing).

October 4, 2018

This year, the Stowe Family Law conference will be held at the Crowne Plaza Birmingham City Centre, Central Square, 5 – 7 October 2018.

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Stowe Family Law wins two Yorkshire Legal Awards

December 2018. Press Releases by Stowe Family Law (view listing).

October 12, 2018

We are delighted to announce that last night (11 October 2018), we won two awards at the Yorkshire Legal Awards: Family Law Firm of the Year and The Rising Star Award for Solicitor Charlotte Newman.

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Foyen recruits construction specialist

December 2018. Press Releases by Foyen Advokatfirma AB (view listing).

Foyen Advokatfirma has recruited senior associate Fatoma Hafström fromSkanska Sverige AB. Fatoma joins Foyen's Construction business sector, writesFoyen in a press release

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GOLAW has been recommended by IFLR 1000 – the guide to the world’s leading financial law firms

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

GOLAW has been recommended by international legal guide IFLR1000 (International Financial Law Review) in the next practices:

 

-Banking and finance;

-Merges and Acquisitions (M&A). 

 

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Ukraine we want you to know: a large-scale business Forum on promoting cooperation between Ukraine a

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

On November 26 in Prague, a large-scale business Forum “Ukraine we want you to know”, gathered about 100 representatives of large and medium-sized Czech business and government institutions. The main topic of the event was a discussion of the investment attractiveness of Ukraine and the positive changes that are currently taking place in the country and promoting the attraction of foreign business. The event was organized by the Chamber of Commerce and Industry of the Czech Republic in cooperation with the Embassy of Ukraine in the Czech Republic, with the support of GOLAW law firm.

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GOLAW Partners have been highly recognised by international legal advisory Who's Who Legal

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

GOLAW Partners have been highly recognised by international legal research program Who Іs Who Legal (WWL) in the field of Corporate Tax. Among them – Managing Partner Valentyn Gvozdiy (Corporate Tax: Controversy), Senior Partner Sergiy Oberkovych (Corporate Tax: Advisory) and Partner Iryna Kalnytska (Corporate Tax: Advisory).

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Azmi & Associates Secures Licence to Employ a Foreign Lawyer - Pierre Brochet, LL.M, MAIArb.

November 2018. Press Releases by Azmi & Associates (view listing).

Azmi & Associates is pleased to announce that it is the first law firm in Malaysia to have been granted a licence by the Bar Council of Malaysia to employ Pierre Brochet as Foreign Qualified Lawyer. Pierre is qualified to practice as a Solicitor of the Senior Courts of England and Wales and as an Avocat before the French (Paris) Bar.

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The Romanian Competition Council has authorised the takeover of Oltchim’s assets

November 2018. Press Releases by Maravela & Asociaţii (view listing).

Maravela|Asociaţii assisted CEE chemicals producer Chimcomplex in the merger review procedure whereby the Romanian Competition Council has authorised the takeover of Oltchim’s assets.

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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
  • Communiqué on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.