Takeover Law: An overview
The primary source of legislation relating to public M&A transactions in the Republic of Cyprus is the Law to Make Provision for Public Takeover Bids for the Acquisition of Securities of Companies and Related Matters, Law 41(I)/2009 (“Takeover Law”).
Axel Springer wins status proceedings with Hengeler Mueller
The Berlin Regional Court has rejected a claim on the appointment of employee representatives to the supervisory board of Axel Springer SE, brought by Konrad Erzberger with support of members of the works council and the labour union ver.di. In its decision, which has not yet become final, the court has come to the conclusion …
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Hengeler Mueller advises Linde on sale of selected Korean assets to IMM Private Equity
Linde plc has completed the sale of selected assets of Linde Korea to IMM Private Equity Inc. in connection with the recent merger between Linde AG and Praxair, Inc. and requirements of the Korea Fair Trade Commission.
Turkish Medicines and Medical Devices Agency Announces Draft Regulation
Turkish Medicines and Medical Devices Agency Announces Draft Regulation on Sales, Advertising and Promotion of Medical Devices The Turkish Medicines and Medical Devices Agency (“Agency“) announced the Draft Regulation on Sales, Advertising and Promotion of Medical Devices (“Draft Regulation”) on May 9, 2019. The Draft Regulation will replace the Regulation on Sales, Advertising and Promotion …
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AVELLUM advises EBRD on another large renewable energy financing deal
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”>) and Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) in connection with a senior secured loan to LLC “Chysta Enerhiia-2011” in the total amount of up to EUR 24.5 million (and each 50%).
The introduction of services of sworn translators in Cyprus
Translations are frequently required for various documentations for official use before public authorities, institutions and courts internally or abroad. It is a matter of public law of each country to determine when an “official” translation is required and what comprises the elements of such translations in order to be regarded as legally valid and accepted …
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Bank guaranteed contracts
This article will address the unfortunate position whereby a significant portion of citizens of the Republic of Cyprus have signed supplementary guarantee agreements, being in most cases relatives, friends, colleagues and/or in other relationships with the borrower, and have been called on to guarantee the repayment of and compliance with the loan agreement terms of …
Overseas investment review – phase two released
On 16 April the Government launched its public consultation document on the 'second phase' of its Overseas Investment Act 2005 (the Act) reforms (as foreshadowed in our announcement late last year).
Digital services tax: what would it look like?
Earlier this year, Prime Minister Jacinda Ardern announced the Government's intention to introduce a new digital services tax (DST) that would apply to multinational digital companies operating in New Zealand.
Ownership of information in the digital world – reforms to copyright law in Europe and New Zealand
The European Parliament recently voted in favour of the Copyright in the Digital Single Market Directive ('Copyright Directive'), in a decision that has the potential to revolutionise the way copyright is treated on the internet.