Bulgaria: Proposal for EU Directive on unfair trading practices in business-to-business relationships in the food supply chain

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Bulgarian Courts and the deepest recesses of marketing

By Elena Todorova Some local interpretations of the concepts of clean labelling and claims related to children’s development and health This article aims to examine the arguments of the Bulgarian courts pronounced in the judgments of two court instances on a single administrative court case. The arguments demonstrate the perception of the Bulgarian courts on some […]

Austria: What does “limited space” mean under the Act on distance contracts and off-premises contracts?

By Serap Aydin, Wolfgang Tichy Directive 2011/83/EU of 25 October 2011 on consumer rights (the “Directive“) and the Fern- und Auswärtsgeschäfte-Gesetz (the “FAGG“) impose many information obligations on traders before the consumer is bound by a distance or off-premises contract, or any corresponding offer. Among other things, the trader must inform the consumer where the right of […]

Cannabidiols in Austria

By Michaela Pohl, Andreas Natterer Hypes come and go. What Bitcoin was for the financial sector in 2017 is currently cannabidiol, or “CBD” short, for the food industry. But how is the substance to be legally classified? The following article is intended to provide clarification.

Romania: Exit strategies: registering a share transfer when target shares are encumbered by third parties

By Iulia Caizer, Mădălina Neagu The stock market’s flexibility is its greatest selling point for publicly traded companies, as it allows a fast flow of capital while still enabling majority shareholders to implement fundamental corporate changes should they wish to exit the market. However, even with all of this flexibility, shares may not always be free of […]

Public mergers and acquisitions in Austria 2019

By Christian Herbst A Q&A guide to public mergers and acquisitions law in Austria. The country-specific Q&A looks at current market activity; the regulation of recommended and hostile bids; pre-bid formalities, including due diligence, stakebuilding and agreements; procedures for announcing and making an offer (including documentation and mandatory offers); consideration; post-bid considerations (including squeeze-out and de-listing […]

Latest Briefings

Significant Beneficial Ownership: MCA Releases Amended Rules

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners), 2018 (Old SBO Rules). The New SBO Rules have once again kick-started the process of requiring significant beneficial owners to start the reporting procedures. […]

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

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Real estate chiefs warn of lawyer job losses in tech race

Last week, in an extract from The Lawyer’s upcoming Global Real Estate 50 report, we highlighted the extent to which proptech is becoming increasingly influential in the strategies of the world’s largest property practices. Notably this year’s report includes numerous examples of how firms are using tech to streamline their delivery of real estate services. DLA […]

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CEE shake-ups continue as K&L downsizes in Warsaw

K&L Gates is the latest international firm to rethink its activities in the CEE region, with a group of 10 lawyers and business services staff understood to be leaving in Warsaw amid a strategic review of the office. Five lawyers and five business services staff left the firm last Thursday, The Lawyer understands, just one day before […]

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