How can you avoid debt in UAE?
The vast majority of residents in the UAE float through their day to day lives without really thinking about their spending standards to control our ways of managing their budget.
European Union’s Regulation on Online Intermediation Services and Search Engines
European Union's ("EU") proposal for regulation on online intermediation services and search engines ("Regulation") is expected to be published shortly on the Official Journal of the European Union and become effective twelve months following its date of publication. The purpose of the Regulation is set out as contributing to the proper functioning of the internal …
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Hengeler Mueller advises Fidelity on the acquisition of the retail business of Metzler Fund Xchange
As of 1 January 2020 FIL Fondsbank (FFB), part of Fidelity group, will take over the retail business of Metzler Fund Exchange. The transaction, which is subject to customary regulatory conditions, comprises 50,000 customer accounts with assets of around EUR 2bn, most of which are managed by independent financial advisers and portfolio managers. FFB is …
Hengeler Mueller advises METRO AG in respect to public takeover offer
EP Global Commerce VI GmbH, a holding company owned by Daniel Křetínský and Patrik Tkáč announced on 21 June 2019 to make a voluntary public takeover offer to the shareholders of METRO AG for the acquisition of all ordinary and preference shares. The offer shall be subject to a certain minimum acceptance threshold of all …
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Hengeler Mueller advises Sonic on sale of its interest in GLP Systems
Sonic Healthcare Limited ("Sonic") (SHL.AX) has sold its indirect 85% shareholding in GLP systems GmbH ("GLP") to Abbott Laboratories ("Abbott"). Abbott has also acquired the remaining 15% interest in GLP.
Pharma no longer under the Competition radar
Author: Dr. Gayle Kimberley The use of competition law to regulate the pharmaceutical industry is beginning to see a new impetus. While traditionally competition authorities struggled to use competition law to address the pharmaceutical sector’s practices, EU legislators have given a clear political signal that something needs to be done to address anti-competitive practices of …
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A Case-Law Study on Justification of Non-Use of a Trademark
Despite annulment of Article 14 of the Decree No. 556 by the Turkish Constitutional Court has created a lacuna about the legal ground of the use obligation of trademarks; the proprietor always had the obligation for using its trademark in Turkish and international Trademark Law. In a nutshell a trademark that has not been genuinely …
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AVELLUM advises EBRD on secured loan to major Ukrainian wood processing company
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term senior secured loan to Limited Liability Company “Zunami” (“Zunami”) in the total amount of up to EUR3 million.
What tools or treaties exist to aid discovery of assets, the granting of orders and recovery?
The following article discusses session two in the IR Global Virtual Series on 'Freezing Assets – The mechanics behind cross-border injunctions'
Gulbenkian Andonian Solicitors Coverts to Limited Company Status
Gulbenkian Andonian Solicitors have the pleasure of announcing that the Solicitors Regulations Authority have authorised a change in structure and entity of the company to an Alternative Business Structure (ABS).