Latest news and analysis from Litigation Tracker, including In Court this Week and Judgments of Note.
Under article 24 of Law 6/2006 of 27 February, which approved the New Urban Renting Rules, and article 11(5) of Decree-Law 294/2009 of 13 October, which approved the New Rural Renting Rules, the National Statistics Institute is responsible for calculating the annual rent update coefficient applicable to urban and rural leases. This coefficient must then be published in a notice appearing in the official gazette, Diário da República, no later than 30 October of each year.
Regulation 603/2021 was approved by the Governing Board of the Institute of Public Markets, Real Estate and Construction I.P. and came into force on 5 July 2021. The aim of this regulation is to establish and regulate the procedures to be adopted in the fight against money laundering and terrorist financing in the real estate sector.
On 14 July 2021, the European Commission published a set of proposals called Fit for 55, intended to achieve the climate target for the European Union by 2030 on the way to climate neutrality.
The European Insurance and Occupational Pensions Authority (“EIOPA”) is entrusted with issuing guidelines and recommendations to Member States’ supervisory authorities on how insurance and reinsurance undertakings should apply the Solvency II Directive 2 in order to (i) establish consistent, efficient and effective supervisory practices and (ii) ensure the common, uniform and consistent application of Union law.
Following the decisions in several specific cases, the Constitutional Court has declared, with mandatory and general force, the unconstitutionality of the joint interpretation of the rules contained in article 334 of the Employment Code and article 481(2) of the Commercial Companies Code.
The Canada Revenue Agency voluntary disclosures program (VDP) has been around for decades. While the VDP has changed periodically, perhaps the most significant change occurred when the new Information Circular IC00-1R6, initially published on December 15, 2017, became effective on 1 March 2018.
In Damis Properties Inc. v. The Queen, the Tax Court of Canada (TCC) found subsection 160(1) of the Income Tax Act inapplicable because the appellants and their former subsidiaries were dealing at arm’s length at the time of the transfer of the subject property. The TCC further concluded that, even if subsection 160(1) applied, the liability of the appellants under paragraph 160(1)(e) was nil because they gave fair market value consideration.
“It is good to have money and the things money can buy, but its good too to check up once in a while and make sure you haven’t lost the things money can’t buy.” – George Lorimer
Developments on hold, trips to the High Court, nutrient credit schemes… Ever since a European Court of Justice ruling in November 2018, being nitrate neutral has caused headaches and blockages for developers and planners.
Bermuda has always provided an efficient process for insurance submissions of all classes, with applications being approved in under two weeks. On 20 August 2021, the Bermuda Monetary Authority issued a notice announcing that enhancements have been made to allow further streamlining of the registration process for Restricted Special Purpose Insurers (“R-SPI”). Now, the licensing and registration processes of R-SPI registrants whose business model is to issue bonds (e.g. catastrophe bonds and mortgage bonds) will be consolidated and registrants can be fully registered within three business days.
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Vinson & Elkins is hiring two partners from Hogan Lovells, including its global construction and engineering head, as it expands its team in London. Head of the practice Roberta Downey is making the move along with Angus Rankin. Downey has been a partner since 2003 having joined as a trainee in 1992. Rankin meanwhile trained […]
The head of Slaughter and May’s M&A practice is to take over from Steve Cooke as the firm’s senior partner from 2024. Roland Turnill will succeed Cooke in the role from 1 May 2024. Head of the firm’s M&A practice since 2016 and co-head of financial institutions, Turnill joined Slaughters in 1996 and made partner […]
Mishcon de Reya’s flurry of pre-IPO activity has continued with the firm confirming its expansion into Hong Kong, The Lawyer can reveal. An association with Karas LLP has enabled Mishcon to launch a branch office in one of Asia’s leading financial hubs, which builds upon the firm’s Singapore base opened in May 2020. While not […]
While Keystone Law‘s fee-earners have long been accustomed to its flexible working model, its central office staff have now been granted the same freedoms. The Lawyer understands that Keystone is opening up voluntary office attendance for its full-time administrative employees, who will be able to attend its Chancery Lane base just one day a week. […]
After two exits in a fortnight from its City office, Mishcon de Reya has added a real estate finance partner to its ranks from Reed Smith. Francisca Sepúlveda’s switch to Mishcon comes two weeks after the firm lost real estate partner Omega Poole and international arbitration head Karel Daele. Sepúlveda’s practice focuses primarily on real […]
Goodwin has upped its trainee salaries to just above those of the magic circle, The Lawyer understands, with a rise of 13 per cent. The US firm’s London offering will now offer its first-year trainees a salary of £52,000 compared to £46,000. This is a rise of just over 13 per cent, while second-years are […]
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