By Dagmar Hozova The Austrian regulatory authority E-Control is responsible for ensuring an equal energy market and a fair market price. Each year E-Control reviews and defines the system charges for the use of electricity and gas networks on all network levels. Article 12(2) of the E-Control Act sets out the system charges. The system […]
By Galina Petkova Prohibited transaction in 2018 In July 2018, following an in-depth investigation and in a rather hasty and controversial decision, the Commission on the Protection of Competition (“CPC“) prohibited the acquisition of the largest media conglomerate in Bulgaria, Nova Broadcasting Group AD (“Nova TV” or “Nova“), by PPF, owned by Czech businessman Petr […]
By Gergana Roussinova, Stefana Tsekova Bulgarian anti-money laundering law requires that companies and other entities having their seat in Bulgaria register their ultimate beneficial owner(s). The registration is mandatory, and the deadline for registration is approaching. These obligations arise from the Bulgarian Anti-Money-Laundering Measures Act (2018) transposing Directive (EU) 2015/849 of the European Parliament and […]
By Gunther Leissler, Alexander Legat “Lootboxing” and gambling – a fiercely discussed combination. With the increasing penetration rate of Lootboxen the question becomes more and more in the focus whether Lootboxen have similarities with the gambling and thus regulate belongs. Especially the game design could let Lootboxen appear as a gambling game. A case for the gambling law […]
By Manuel Ritt-Huemer, Zurab Simonishvili Overview of the new cooperative demerger law Since 1.1.2019 the Genossenschaftssplaltungsgesetz (GenSpaltG) is in force. As a result, in addition to the existing possibility of merging under the Cooperative Merger Law (GenVG), cooperatives can also transfer parts of their assets by division through universal succession. This article presents the course of the […]
Carey Olsen partner Christopher Anderson recently introduced the concept of a hybrid vehicle for use in the insurance-linked securities (ILS) industry. Here, he explains how and why he came up with the idea of the world’s first ILS hybrid. As is often said, the best ideas are always the simplest. That is reassuringly accurate for […]
Tony O’Reilly explained the importance of ‘agile app development’ when using no-code automation platforms like Neota. It’s not a new term, it’s been around for the many years but in this context, Tony explained, agile app development is about having something that gives you the ability to develop applications quickly in terms of having an […]
By David Manda, Ruth Ormrod In the recent case of Boyd v Ineos Upstream, a hotly anticipated appeal involving fracking protestors, the Court of Appeal has provided guidance on the highly topical subject of bringing injunctions against ‘persons unknown’. Walker Morris’ specialist Real Estate Litigators David Manda and Ruth Ormrod explain and offer some practical advice.
By David Smedley, Andrew Rayment, Shakeel Dad The last few months have seen many announcements in relation to changes expected in the employment law arena. With new information being received almost weekly, our legislation update sets out the changes in chronological order and highlights the headline points together with the proposed or confirmed implementation dates.
Nosworthy v Instinctif Partners Ltd UKEAT/0100/18 – ‘Bad leaver’ provision requiring forfeiture of shares and loan notes was not unlawful In this case, the Employment Appeal Tribunal (EAT) held that a bad leaver provision forcing an employee to give up her shareholding if she resigned was not an ‘unconscionable bargain’. Nor was it void as […]
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Average revenue per lawyer (RPL) at the 50-largest US firms in the UK has broken through the $1m mark for the first time, The Lawyer can reveal, with average RPL rising by 8 per cent from $953,000 to a new record of $1.03m. The entry into The Lawyer’s US Top 50 2019 report this year of […]
As we approach the long weekend, here are the big themes from the last five days: 1. Restructuring lawyers are busy – and not just in the magic circle The struggling high street been a theme of the week, with Jamie Oliver’s restaurant business now in administration, and Freshfields and DLA Piper securing the mandate […]
Ahead of The Lawyer Awards 2019, in association with Travelers, we’re looking back on some of the most complex or legally significant cases of the last 12 months, as eight teams vie for the top prize in this year’s litigation category. In a case that has been rumbling on since 2012, a joint team of […]
Freshfields Bruckhaus Deringer has launched its first digital solutions lab in Berlin, the latest step in building a network of innovation units across its global footprint. The lab, located in the Factory co-working space nested in the Görlitzer Park area, will be led by the firm’s German real estate and litigation counsels Gerrit Beckhaus and […]
The combined turnover of the largest independent European firms has broken through the €10bn barrier for the first time, exclusive data gathered by The Lawyer reveals this week. Collectively, the firms featured in this year’s European 100 report brought in a combined €10.4bn in 2018, up 6.5 per cent from €9.76bn in 2017. It is […]
Freshfields Bruckhaus Deringer and DLA Piper are working together on Arcadia’s company voluntary arrangement (CVA), as Philip Green embarks on a plan to rescue the business. Freshfields’ restructuring partners Neil Golding and Adam Gallagher are leading for Arcadia, as its chair Philip Green plans the closure of 23 UK stores, including Topshop, Dorothy Perkins, Miss […]