16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)
Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the …
Albania: Finally on track for a comprehensive support scheme for renewable energy?
Current status Albania has one of the highest percentages of electricity produced from renewable energy sources (RES) in its electricity mix – more than 95 % of electricity generated in Albania comes from hydropower generation. In spite of that (or maybe because of that), Albania has not had a comprehensive policy on the support of RES …
Enabling the Business of Agriculture 2017
The World Bank Group has released Enabling the Business of Agriculture 2017. The report presents data on legal barriers for farmers, entrepreneurs and businesses operating in agriculture in 62 countries and across the topics of land, seed, fertilizer, machinery, water, livestock, finance, markets, transport, and information and communication technology (ICT). SyCipLaw's Rose Marie M. King-Dominguez, Alan C. …
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Ending “Endo”
“Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration. “Endo” is layman’s term for end of employment contract. It is the date indicated on the employment contracts and is dreaded by employees as it means the end of his or her employment. Read more…
Antitrust Laws: A Glance At The Philippine Competition Act
Antitrust laws, also referred to as “competition laws”, are statutes developed to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Competition laws regulate and prohibit several questionable business activities such as market allocation/ de facto monopoly whereby companies agree to steer clear of each other’s identified geographical …
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Violations by Commercial Outlets
The present article deals with the violations by vendors of commercial products and services fined by the Qatar Ministry of Economy and Commerce during the preceding month. It was revealed by the Ministry as a result of its inspection campaign conducted during the last month. The campaign was made according to the stipulations by the …
14 February 2017: BASF acquires Rolic Group
BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
15 February 2017: gategroup CHF 300 mio. bond issuance
gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the …
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17 February 2017: RWS acquires LUZ, Inc.
RWS Holdings plc, a world leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, has completed the acquisition of 100% of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco, for a cash consideration of USD82.5m.
17 February 2017: Cembra Money Bank acquires invoice financing provider SWISSBILLING SA
Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING. The transaction is expected to close within the first quarter of 2017. The transaction consideration was below CHF 10 million and is expected to have a negative impact of 0.1% on the Group’s CET1 ratio as at closing.