Davis Polk & what next?

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Latest Briefings

Emergency Legal Kit for Business – personal data protection in Romania

This Law transposes the Directive (EU) 2016/680 on the protection of natural persons with regard to the processing of personal data by competent authorities for the purpose of the prevention, investigation, detection or prosecution of criminal offences or the execution of criminal penalties, and on the free movement of such data, and repealing Council Framework […]

Draft Karnataka Maternity Benefit (Amendment) Rules, 2018

The Maternity Benefit Act, 1961 (MB Act) was amended vide the Maternity Benefit (Amendment) Act, 2017 (2017 Amendment) to grant certain additional benefits to eligible women employees. As part of the 2017 Amendment, the provision of a crèche facility was made effective from 1 July 2017 as a mandatory requirement for every establishment with 50 […]

Insolvency in aviation: what India’s new bill means for leased aircrafts

Leasing of aircrafts is a prevalent market practice in the aviation industry, and all existing airline operators in India have currently leased a significant number of aircrafts in their fleet. In fact, a sizeable debt in the books of these operators is in connection with such leasehold arrangements. Insolvency proceedings in India, including the aviation […]

Supreme Court confirms commercial tenant’s statutory right to a renewal lease

By David Manda, Ruth Ormrod The Supreme Court has confirmed, in the case of S Franses Ltd v Cavendish Hotel (London) Ltd that a landlord cannot oppose a tenant’s right to renew its tenancy on the grounds of redevelopment or reconstruction if there would be no intention to carry out the proposed works should the tenant vacate voluntarily.  Walker […]

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European Food Safety Authority publishes feed additives guidance

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Manches: A tax of the zombies

Today we give you the inside track on the collapse of Manches, a horror story if ever there was one. As we revealed last week, Manches had paid just £90,000 of a £715,000 tax bill, and had a £6.4m overdraft before it went into administration on 14 October. The firm’s financial situation was a mess. […]

Singapore

Singapore CoA slashes $250m award to $700,000 after Essex Court challenge

Indonesian conglomerate Lippo Group has reduced a $250m arbitral award made against it from $250m to $700,000 after a battle in the Singapore Court of Appeal. Essex Court silk Toby Landau QC secured the major victory for the group following a five-year legal battle in Singapore against Malaysia media giant Astro. It is a significant […]

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E-disclosure: Electric avenue

With practitioners singing the praises of search technology and using past cases as guides, confidence is growing in e-disclosure The panel:  Mark Surguy partner, Eversheds Damian Murphy barrister, Enterprise Chambers Paul Epstein QC barrister, Cloisters Chambers How important is the ruling of Mr Justice Birss in Re Atrium Training Services Ltd for future e-disclosure exercises? Mark […]

Final CFTC rules on protection of collateral for uncleared swaps and treatment of portfolio margining account in bankruptcy

Section 724(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) amended the Commodity Exchange Act (CEA) by adding section 4s(l) of the CEA, which sets forth certain requirements concerning the rights of a counterparty of a swap dealer (SD) or major swap participant (MSP) with respect to the segregation of […]

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