Beware the drizzle makers

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Latest Briefings

Draft law: Russia’s counter-sanctions against the US and other states

On 17 May 2018, the State Duma adopted in the second reading the draft Federal Law ‘On the Measures (Countermeasures) in Response to Unfriendly Actions of the USA and(or) other Foreign States’ (hereinafter – the ‘Draft Law’). Compared to the initial version introduced by a group of deputies in April this year, the Draft Law […]

Poland: Basic legal aspects of branch and representative office activity

By Łukasz Szostak Under the Polish law, a foreign entrepreneur may, based on the reciprocity principle, set up its branch in the Republic of Poland. The scope of the branch’s activity may include only the activity that is performed by the entrepreneur in the country of its incorporation…

Mongolia: Legal summary on electronic money regulation

The new law on the National Payment System, dated 31 May 2017, shall become effective from 1 January 2018. The importance of the new law is an integrated payment system launch between the Central Bank, commercial banks, legal entities, other financial institutions and individual customers. As result of the law enactment, the Central Bank will […]

Turkish law: Determination of the lease price of roofed workplace

In general, the relationship between a landlord and a tenant is governed by a contract. That contract is referred to as the lease. A lease is an agreement between the landlord and the tenant in which the landlord agrees to allow the tenant to occupy a building or a piece of property owned by the […]

Kyrgyzstan insurance market overview

Kyrgyz law identifies insurance activity as an activity of organisations that have a licence to provide services to individuals and legal entities for premium services, the subject of which are contractual specific obligations of the insurer in the event of an unknown event, with the distribution of risk among a large number of persons exposed […]

Recommended

Comprehensive tax reform is coming in Mexico

By Manuel Rajunov and Dania Duncan Mexico’s president, Enrique Peña Nieto, has submitted to the Mexican Congress a proposed bill for the comprehensive overhaul of Mexico’s federal tax system. If adopted by Congress, these reforms would take effect as of 1 January 2014. The stated purpose of this proposed overhaul is to establish a more […]

New SDLT sub-sale sale relief

By Niall Murphy In an earlier article, Shoosmiths outlined the introduction of the new sub-sale relief rules. These have now been enacted in the Finance Act 2013. Broadly, under the new provisions, the intermediate purchaser in a transaction has to submit a claim for the relief. Otherwise, the intermediate purchaser will have to pay SDLT […]

Second medical use patents

Patent cliffs remain one of the biggest issues facing the pharmaceutical industry. In 2012 and 2013, a number of high-value branded drugs have lost or will lose their patent protection (for example Sanofi and Bristol-Myers’ Plavix, Novartis’ Diovan, Eli Lilly’s Cymbalta, Novartis’ Reclast and Merck’s Propacae). The resultant erosionof earnings is vast. In the light of […]

Cote brasserie
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Reed Smith, DLA and Olswang dine on £100m Côte restaurant sale

Reed Smith, DLA Piper and Olswang have won lead advisory roles on the sale of French bistro chain Côte to private equity firm CBPE Capital. The  £100m deal will see British high-street tycoon Richard Caring, who also owns a majority stake in private members club Soho House, sell his stake in the business. Reed Smith advised […]

Attempted scam using Allen & Overy name

There are currently two scams being conducted utilising the Allen & Overy name. One is a telephone scam that originated in October 2012. This involves people purporting to be from Allen & Overy contacting members of the public to advise them that they are the subject of litigation from a loans company and may be […]

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