September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.
In August, the TCA — which three months ago launched an investigation into German automotive giants Audi, Porsche, Volkswagen, Mercedes-Benz and BMW — initiated an investigation against other players in the Turkish automobile industry.
September 2020 – Following the adoption of Regulation (EU) 2019/452of the European Parliament and of the Council of 19 March 2019 on establishing a framework for the screening of foreign direct investments into the Union (the “Regulation”), the Czech government decided to regulate this area and to seek to pass a law on the screening of foreign investments. The Czech Ministry of Trade and Industry (the “Ministry”) has submitted a bill on the screening of foreign investments on the basis of which it will be possible to control and eventually ban certain foreign investments into Czech companies (the “Bill”).
The Bulgarian Ministry of Transport, Information Technology and Communications has released a new draft strategy entitled Concept for the Development of Artificial Intelligence in Bulgaria until 2030. It aims to define focal areas for building scientific and expert capacity for the development and implementation of AI systems and to build on the measures and activities set as a priority in other relevant national strategic documents, including in particular “Vision, Objectives and Priorities for the National Development Program: Bulgaria 2030.”
On the 14th of May 2020, the European Commission decided to refer Cyprus to the Court of Justice of the European Union due to its failure to implement a national register of road transport companies.
Last year saw a resurgence in listed companies incorporated in the Cayman Islands, with links to Asia, de-listing from global stock exchanges. This is a trend continuing in 2021.
In 2019, the “underwriting nature” initiative led by Swiss Re culminated in the first ever coral reef insurance policy.
On 22 September 2020 the Office of Competition and Consumer Protection (UOKiK) fined liquefied petroleum gas (LPG) distributor AmeriGas Polska Zl730,000 (€160,000) for failing to notify a takeover.
The Grand Court has handed down an instructive judgment appointing “light-touch” provisional liquidators over Midway Resources International, a pan-African focused upstream oil and gas company, incorporated in the Cayman Islands.
Microsoft Teams already enables legal professionals to stay connected and collaborate seamlessly. With the addition of integrated applications, like NetDocuments, Teams can become an all-in-one solution for document creation in a secure and compliant environment.
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Magic circle firms have been modifying lockstep to compete with US rivals.
A bumper year for Singapore should give Paris pause for thought.
With London firms thriving in the city, Bristol’s old guard have competition on their hands.
Restructuring hires are on the rise but some firms may have moved too slowly.
What the magic circle’s 2021 partner promotions round can tell us.
House prices in London have been increasing faster than lots of lawyers’ salaries.
A holding company owned by Mike Ashley is bringing a competition claim against the Football Association Premier League following a failed Saudi Arabian-led takeover of Newcastle United Football Club (NUFC). With RPC partner Lambros Kilaniotis instructed as the claimant’s solicitor, St James Holdings Limited is suing the Premier League after its proposed takeover of the […]
While some firms opened offices in Dublin to avoid Brexit disruption, Stephenson Harwood set up a legal entity in Greece, its LLPs have revealed. To avoid any potential problems caused by Brexit, Stephenson Harwood has launched Bowen-Morris & Partners in Piraeus. This new entity emerged after the firm converted the branch to a Greek law […]
A Linklaters duo have left for a magic circle rival, The Lawyer can reveal, becoming partners in its City leveraged finance practice. Allen & Overy has hired Annette Kurdian and Robert Burt. Kurdian joined Linklaters in 2001 and became a partner in 2006. As part of her practice, she advises financial institutions and alternative credit […]
The independent review of last year’s Bar Professional Training Course (BPTC) has found that the three-way relationship between the BSB, the eight law school providers of the BPTC, and the electronic testing company Pearson VUE, which delivered the online exam, “ultimately contributed to the complexities in the booking and delivery of the examinations.” The Director […]
Baker McKenzie has returned its newly-qualified (NQ) salaries to normal rates, after a reduction during the pandemic last year. The firm crunched salaries by £2,500 (3 per cent) to £87,500 and dropped the sign-on bonus last June. The announcement came a week after Bakers had said it had no plans to reduce salaries for trainees […]
The past year has been one of disruption for businesses everywhere. Daily team catch-ups migrated to Zoom and progress meetings once rewarded with a pint are now paired with anxiety around job security. Responses to the pandemic, such as switching to remote working, have exposed the considerable inefficiencies of conventional working practices. Confronted with this […]
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