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Press Releases worldwide

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

  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

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

  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

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

  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.
  - GRP Rainer LLP

• Changes in Serbian Employment Legislation 2018

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

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

  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.
  - Bell Gully

• Busiest year for takeovers in a decade

  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.
  - Bell Gully

• GRP Rainer Rechtsanwälte – Report on D&O insurance

  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.
  - GRP Rainer LLP

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

  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.
  - GRP Rainer LLP

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

  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).
  - GRP Rainer LLP

• Bell Gully welcomes new Chair

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