Kinstellar advises on one of the largest-ever bond financing by an alternative debt provider

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Energy & Natural Resources Digest: Ukraine. June 2019 in Review

By Olena Kuchynska The new energy market began operation on 1 July 2019, despite previous discussions concerning the proposed delay in the launch of the new energy market by three to twelve months. As part of reforms under the new energy market, during June 2019 two newly established entities, the Guaranteed Buyer and the Market […]

Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market, June 2019

By Joel Benjamin, Muborak Kambarova Statutory minimum wage index and basic rated value instead of minimum wage In accordance with the Presidential Decree No. UP-5723, from 1 October 2019 the minimum wage will be replaced as follows: Statutory minimum wage index (“SMWI“) – UZS 577 170. The SMWI is a monetary expression of the monthly […]

Non-profit Organisations in Slovakia must report details of their statutory bodies

By Adam Hodoň, Lívia Miklenčičová In accordance with Act No. 346/2018 on the Register of Non-Governmental Non-Profit Organisations (the “Act”), a new public register of non-governmental non-profit organisations has been established in Slovakia. As outlined below, the Act imposes certain obligations on the following types of organisations: i. Foundations (nadácie), ii. Non-profit organisations providing generally beneficial services […]

Strategic partnership as a model of privatisation under Serbia’s Privatisation Law

By Selma Mujezinović With approximately 20 companies in Serbia set for privatisation in the second half of 2019, now is a good time to review the current provisions of Serbia’s Privatisation Law (“Privatisation Law”). The current wording of the law, which took effect in August 2014, introduces the concept of a “strategic partnership” as a […]

Enhancing whistleblower protection: Will the whistle blow louder?

By Adam Hodoň The new Slovak Act on Whistleblowing that took effect 1 March 2019 has introduced some notable changes to the obligations that employers faced under the previous Act on Whistleblowing valid until 28 February 2019. Below we provide a short overview of the relevant obligations of employers in Slovakia applicable under the new […]

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2019 Global Survey on the Commercialisation of Disputes – Bermuda

Rhys Williams Q. Are lawyers able to enter into contingency/ damages sharing agreements with clients? No. These are prohibited by the Barristers’ Code of Professional Conduct 1981, Rule 96. The Bar Council has proposed allowing conditional/contingent fee structures however no steps have been taken to do so thus far. Q. Recoverability of client costs and/or success […]

Should inheritance tax be simplified?

By Aidan Grant The Office of Tax Simplification (OTS) has published a number of recommendations for how inheritance tax (IHT) could be amended and simplified. While these amendments do not go so far as to shake the foundations of the tax itself, nevertheless the proposals would require all practitioners to come to terms with the […]

Focus on IP Article

Rob Fahrenheim’s article has been published on the ‘Business Game Changer’ website, discussing the importance of protecting your Intellectual Property. Please read the full article below. Why protect your IP? Intellectual property rights are often a business’ best kept secret. Managers are typically well aware of the cost and value of their physical assets, such […]

Malcolm Gammie QC appears in the successful dismissal of an appeal by the administrators of Lehman Brothers

The Supreme Court handed down judgment in HMRC v Joint Administrators of Lehman Brothers International (Europe) (in administration) [2019] UKSC 12 on 13 March 2019.  Malcolm Gammie QC appeared for Her Majesty’s Revenue & Customs with Catherine Addy QC. The issue before the Supreme Court was whether the estimated £5billion of statutory interest that was payable under […]

Standard Life Aberdeen plc – successful outcome in arbitration

An arbitral tribunal established in respect of the dispute between the Standard Life Aberdeen (“SLA”) and Lloyds Banking Group / Scottish Widows (“LBG”) has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of […]

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Kirkland prepares for leadership handover as firm names next chair

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