As Vladimir Putin beats his bare chest and contemplates slicing and dicing eastern Ukraine following Russia’s annexing of Crimea, lawyers in the west warn of potential legal wrangling over the impact of further conflict on shipping in the region. Doubtless the issue doesn’t feature in the thoughts of anxious Ukrainians on the ground, but shipping lanes in the region are a crucial conduit for the trade in agricultural products, metals and energy. Lawyers from specialist maritime firm Ince & Co point out that Ukraine ranks as the world’s fourth- and fifth-largest exporter of corn and wheat respectively, and it is the world’s fifth-largest steel exporter. The lawyers say that ‘charterparties’ – or shipping contracts – often include specific provisions that will kill a deal in the event of war or, indeed, even ‘warlike situations’ breaking out. Click here for more information.
Skipping a jurisdiction has a long history as a means by which those wishing to stay one step ahead of the law or legal proceedings actually do so. Spain’s Costa del Sol was the ideal destination in the ‘70s and ‘80s for those not wishing to assist the UK authorities with their enquiries. It was close, had lots of sun (check the name) and you could even get fish-and-chip suppers that were nearly as good as those in Blighty. The two countries banged out an extradition deal in the mid-1980s, but Dubai filled the gap until relatively recently. Now, a recent case highlighted by law firm Gateley shows that not only gangsters skipped to the emirate – it also attracted those allegedly aiming to duck out of civil claims. But Key Homes Bradford Ltd and Others v Patel is bad news for directors arguing they have not been properly served with a claim form under the Companies Act. In this case, the court said service to a registered UK address was satisfactory, despite the director arguing he had moved to the UAE. Click here for more information.
Those who never outgrew a childhood fancy for alphabet soup (does it still exist?) will like this. In their update on the increasing labyrinth that is regulation of financial services sector pay in Europe, lawyers at Luxembourg-based law firm Arendt & Medernach have reached for just about every letter available. Award yourself points if you provide the full citations for these abbreviations before we cough up the answers in the next sentence: UCITS, AIFMs, CSSF, ESMA, MiFID, AIFMD, CRR and CRD. Those answers in full (and we love to tell you that the firm will award a bottle of the finest sparkling Luxembourg plonk for those getting them all right, but we’re not authorised to do so): the Undertakings for Collective Investment in Transferable Securities Directive, alternative investment fund managers, the Commission de Surveillance du Secteur Financier, the European Securities and Markets Authority, the Markets in Financial Instruments Directive, the Alternative Investment Fund Managers Directive, the Capital Requirements Regulation and the Capital Requirements Directive. Now, have a lie down. Click here for more information.
Top five briefings by law firm
Arendt & Medernach: Luxembourg: developments in remuneration policy for banks, investment firms, UCITS management companies and external AIFMsDownload
Ince & Co : Shipping issues arising out of the Ukraine crisisDownload
Minter Ellison: Proposed Exploration Development IncentiveDownload
Vannin Capital: Beyond Excalibur: a valid alternativeDownload
Walker Morris: Can directors be held personally responsible for litigation costs?Download
More law firms
Top five briefings by practice area
Banking & finance: Crowdfunding — the FCA publishes the rulesDownload
Company/commercial: Commercial interest rates by defaultDownload
Employment: EAT confirms that post-maternity-leave dismissal is not discriminationDownload
Information technology: Key criteria for an anti-corruption technology solutionDownload
Litigation/dispute resolution: You can relocate but you can’t hide… Key Homes Bradford Ltd and Others v PatelDownload
More practice areas
Top five briefings by region Asia & Australasia: SAIC strengthens supervision of e-commerceDownload
Middle East & Africa: Fraud in the workplaceDownload
Offshore: BVI and Canada: down to business — TIEA now effectiveDownload
UK and Europe: New EU-wide rules on selling to consumers will apply from no later than 13 June 2014Download
US & the Americas : Intellectual property agenda: the FRAND (fair, reasonable and non-discriminatory) debate — is the tide turning?Download