Kinstellar advises Veolia Energie International on acquisition of Slovak heat & power producer

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Revised guidelines on state aid for international financial institutions in Ukraine

The Antimonopoly Committee of Ukraine published new guidelines on state aid dated 6 September 2018 that clarify the AMC’s approach to financing provided by international financial institutions and to state and municipal guarantees securing the obligations in respect of such financing. On 17 September 2018, the Antimonopoly Committee of Ukraine (the “AMC”) published new guidelines […]

Revised tariffs for natural gas storage in Ukraine – August 2018 review

By Olena Kuchynska On 1 August 2018, new tariffs came into effect for the underground storage of natural gas in Ukraine. Ukraine’s National Commission for the Regulation of the Energy and Public Utilities Sectors (the “Regulator”) adopted a corresponding resolution (No. 480) on 19 June 2018, which was published with delay.\ On 23 August 2018, the […]

Legislation for providing cumulative weekly rest days to employees in Romania

By Diana Rogozea Many companies have business reasons to conduct certain work activities for an uninterrupted period exceeding five days. In Romania, the rules for implementing an uninterrupted work period of more than five days are set out under Art. 137 (4) of the Labour Code. The weekly two-day statutory rest period may be granted to […]

New rules governing online sale of medicinal products in Romania

The online sale of pharmaceutical products in Romania has been on the rise in recent years. This strengthening trend can be attributed to the growth of online purchases in Romania in general and to the fact that, until recently, the law left room for interpretation in this area.  Recent amendments to the laws governing the sale of […]

Kazakhstan introduces new ‘Squeeze-Out’ mechanism for major shareholders

On 2 July 2018, Kazakhstan adopted the Law No. 166­VI “On amendments and changes to certain legislative acts of the Republic of Kazakhstan on Insurance and Insurance Activities, the Securities Market” (the “Law”). The Law entered into force on 15 July 2018 (with the exception of certain provisions, which will come into force later). Among […]

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Putting data to work

By Nicholas d’Adhemar Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and Artificial Intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be […]

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

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Bottling giant Coca-Cola European Partners has drastically reduced the size of its legal roster, selecting nearly 30 advisers from a panel of over 100. The panel is the first to be carried out under the leadership of general counsel Clare Wardle, who joined from Kingfisher in 2016. She joined the company a year after it […]

BT legal veteran to take on new role at biomedical centre

BT’s former group general counsel Dan Fitz is to take up a new role at The Francis Crick Institute, a London-based biomedical research centre. The move comes after Fitz handed over the reins of BT’s legal team to the former GC of Anheuser-Busch InBev (ABInBev) Sabine Chalmers. She took over in April, while Fitz has […]

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Clifford Chance and Freshfields clients go head-to-head in Arsenal FC bid

Clifford Chance, Freshfields Bruckhaus Deringer and Slaughter and May are advising on the £600m takeover tussle for full control of Arsenal FC. The deal is between majority shareholder Stan Kroenke and Russian billionaire Alisher Usmanov. Kroenke currently owns 67 per cent of the Premier League club through his company Kroenke Sports Enterprises (KSE). A team at Clifford Chance, […]

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