Karanovic & Partners Joins Ius Laboris to reinforce its international HR advisory services

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Amendments to the law on consumer protection in case of consumer credit agreements

The legal protection of consumers when concluding consumer credit agreements is one of the priorities and goals of the Republic of North Macedonia directed towards creating a single market, harmonized with the overall legislation of the European Union. The Law on Consumer Protection in Case of Consumer Credit Agreements (“Law”) already provided that the creditor […]

Further liberalization of capital flows and investment opportunities abroad

By signing the Stabilization and Association Agreement with the European Communities and their Member States (“SAA”), the Republic of North Macedonia committed itself to the free movement of capital, one of the basic principles upon which the European Single Market is based. This principle implies phase liberalization of capital flows. The transition into the second […]

New public procurement law

After the announced reform of the public procurement procedures in 2017, at the beginning of this year the National Parliament adopted the new Public Procurement Law (“Law”). This new piece of legislation embodies the current EU public procurement rules and sets the legal landscape which is expected to result with transparent and efficient spending of public funds. […]

New and enhanced foreign exchange controls

As we previously highlighted, the last changes of the Foreign Exchange Law brought important novelties in the sphere of foreign exchange supervision. Specifically, starting from 1 January 2019 the National Bank of Serbia (“NBS”) assumed the competencies from the Tax Administration for performing foreign exchange control of operations of all types of residents and non-residents. Subject matter […]

The door to employee share schemes in Serbia finally opened?

There are certain new developments related to employee share schemes (“ESS”) in Serbia that could finally lead to enabling of application of foreign companies’ ESS to Serbian employees as well. Foreign companies commonly expressed interest to offer some form of ESS to the employees engaged in their subsidiaries in Serbia, allowing them to profit of […]

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Pooling resources and risk: Key considerations for retail joint ventures

By James Crayton, Gwendoline Davies To survive – even thrive – in uncertain times and in a challenging market, retailers need to be open-minded to opportunities for improving efficiency and targeting growth. One option that many high street names are choosing in the current market is the joint venture. Retail joint ventures – practical considerations […]

Debt capital markets 2019

By David Lopez, Adam E Fleisher, Julian Cardona 1. What types of debt securities offerings are typical, and how active is the market? The most common debt securities offerings in the Portuguese market consist of bonds, notes, covered bonds, commercial paper and certificates of deposit. In general, debt securities in Portugal are issued by corporates […]

Busy lenders’ round-up – April 2019

By Deborah Sheldon The latest news and developments in retail mortgage lending and regulation. This month in summary: News Concerns over discrimination in the private rented sector Innovation in the private rental sector Housing Committee report calls for reform of leasehold in England and Wales Tax bills drive second charge lending surge Increase to FOS […]

FCA business plan 2019/2020 – an overview

By Michael Ruck On 17 April 2019, the FCA issued its Business Plan for 2019/2020 which sets out the regulator’s key priorities for the coming 12 months. We’ve prepared a brief overview of the plan to give you a quick idea of how the changes will affect your firm in practice over the next year. […]

Direct marketing and consent FAQs | GDPR periscope series

By Emma Erskine-Fox, Brian Craig Direct marketing questions continue to befuddle marketers and data practitioners alike. Whilst marketing success and GDPR compliance are not mutually exclusive, the interplay between different pieces of legislation can make this a confusing area. A year after marketing consents were refreshed, below we answer four of our most commonly-received marketing […]

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Skadden Arps Slate Meagher & Flom has been replaced as adviser to Ukrainian businessman Gennadiy Bogolyubov in a long-running dispute with PrivatBank over frozen assets worth up to $2.4bn. The swap from Skadden to Enyo is the latest twist to a case that looks likely to be heard next in the Court of Appeal. Bogolyubov changed his legal […]

Brick Court silk set for Article 50 showdown in EU courts

Brick Court Chambers’ silk Maya Lester QC is due in the Court of Justice of the European Union (CJEU) today acting for a handful of MPs to ascertain whether the UK would be able to revoke notification of its own volition. Presently, there is a point of contention over whether the UK could revoke the […]

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City duo lead on accountancy merger set to disrupt Big Four

Addleshaw Goddard is leading on merger negotiations between its client Moore Stephens and rival BDO, in a deal that could create the UK’s fifth largest accountancy firm. Advisory giant BDO, which has locations all over Europe, Asia and the US, is being advised by Memery Crystal chairman and corporate partner Lesley Gregory. Its smaller rival Moore Stephens […]

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Slaughters puts its weight behind magic circle-backed tech solution

Slaughter and May is the latest firm to back a new “one-stop” tech solution for the legal industry, which has already attracted the likes of Clifford Chance and Latham & Watkins. The Lawyer has learned that Slaughters is joining a dozen other heavyweight firms in the support of a new start-up called Reynen Court, which aims to […]

Freshfields Frankfurt office searched again in tax probe

Freshfields Bruckhaus Deringer has been subject to a second raid by German prosecutors in just over a year, as part of an ongoing investigation into tax deals involving financial institutions. A large number of banks are being investigated in Germany over “cum-ex” deals, or alleged tax-driven share transactions. “Cum-ex” trading was prohibited in Germany in 2012, with […]

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