By Olena Kuchynska, Viktoriia Pysmenna OIL & GAS: Liberalisation of geological data gets closer On 7 November 2018, the Ukrainian government adopted Resolution No. 939 – “Questions on the Transfer of Geological Information” (“Resolution No. 939”), which establishes a new procedure for the transfer of geological data and abolishes some out-dated secondary legislation. The new “Regulations on the Transfer of Geological […]
By Andriy Nikiforov On 26 November 2018, the Ukrainian parliament adopted the Law that approves the Decree of the President of Ukraine on the imposition of martial law (not to be confused with a ‘state of war’) in Ukraine. The new Law, effective 28 November 2018, imposes martial law until 2 p.m. on 26 December […]
By Dessislava Fessenko The Bulgarian competition authority fined A1, the Bulgarian subsidiary of Telekom Austria, a total of BGN 804,340 (approximately EUR 411,252) for abusing its bargaining power by imposing high sales targets on a local distribution partner and by unilaterally terminating the distribution partnership with it. The case was tried and the fine imposed under […]
By Dessislava Fessenko, Nina Tsifudina Significant regulatory developments marked the year 2018 in Bulgaria. A new Act on the Measures against Money Laundering (the “AML Act” or the “Act”) was also adopted with view to transposing Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or […]
By Joel Benjamin, Adlet Yerkinbayev, Kuanysh Shekerbekov The briefing discusses below the changes to (i) the Securities Market Law, effective 21 October 2018, and (ii) the NBK Regulation, effective 8 October 2018, affecting certain matters related to the Astana International Financial Center (AIFC). The note is intended to be a helpful guide – it is therefore not comprehensive […]
By Ben Sheppard The first change to England’s waste strategy since 2010, it represents an ambitious programme of reform which will shape the landscape for sustainability to 2030 and with some proposals looking as far ahead as 2050. Affecting the food, manufacturing and packaging sectors as well as the waste sector, key policies include the […]
By Stephen McGowan This month in summary Top Licensing Tip: Merry Christmas to all and to all a good night – Duty of care! Highlights of the City of Glasgow Licensing Board Licensing Statement Highlights of the Aberdeen City Licensing Board Policy Highlights of the new Edinburgh Licensing Policy Gambling Commission publishes new report on […]
By Patrick Shee The Briefing highlights some recent complaints which have come before the Ombudsmen. SIPP providers and financial advisors will benefit from reading our insights into how the Ombudsmen approach certain complaints and how best to apply those outcomes to their own businesses.
By Gergely Szalóki Factoring is an increasingly popular product of banks that appeals to corporate clients of whatever size as it provides liquidity to the clients and stable cash flow. The factoring is usually structured in a way that the vendors of the client do not receive information on the factoring, the bank stays in the background; […]
On 4 December 2018, the implementing Act PSD II (Implementatiewet herziene richtlijn betaaldiensten) was adopted by the Dutch Senate (Eerste Kamer) without further debate. The date of entry into force is not yet available. A Decree to further implement PSD II (Implementatiebesluit herziene richtlijn betaaldiensten) shall also follow.
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Clifford Chance has launched a new innovation lab in Singapore to explore legal technology solutions with the input of startups, companies and academics. As part of the firm’s innovation and best delivery hub for Asia Pacific, the project called Create +65 aims to develop and test new technology by gathering players at various ends of the […]
Jones Day has made up 46 new partners globally in its latest promotions round, while London accounts for the majority of Cadwalader Wickersham & Taft’s new joiners. The majority of Jones Day’s new partners – 34 out of 46 – were made up in the US, with a smattering of partners making the grade in the […]
Fried Frank Harris Shriver & Jacobson and Dechert have fought off an appeal from White & Case upholding an earlier High Court decision in favour of Russian lender Sberbank. The appeal made by the International Bank of Azerbaijan (IBA) was unanimously dismissed by Lord Justices Lewison, Henderson and Baker, with White & Case now expected […]
Clifford Chance has pledged to engage other elite law firms in a bid to counter corruption, after the firm came under pressure for acting on a deal involving the son of Equatorial Guinea’s long-serving president. The firm confirmed it played a role in the sale of a private jet to Teodoro Obiang in 2006, with the magic […]
Centrica’s deputy general counsel Justine Campbell has been named as the company’s new legal head following the retirement of its longstanding chief Grant Dawson. Campbell joined Centrica in 2013 as general counsel of its British Gas business, before rising through the ranks to the role of Centrica’s general counsel for UK and Ireland and then […]