Hungary: HCA publishes digital consumer protection strategy

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Amendments bring overall relief to system charges

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 […]

Bulgaria: New purchaser new rules- CPC clears the acquisition of Nova TV by Domuschievi brothers in “fast-track” proceeding

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 […]

Bulgaria: Legal Alert for Approaching Deadline of UBO Registration

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 […]

Gambling Act Amendment 2019: Need to regulate Lootboxes?

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 […]

Cooperative, split yourself!

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 […]

Latest Briefings

Guernsey’s new ILS hybrid – getting even closer to the risk

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 […]

Fracking, protestors and injunctions against ‘persons unknown’: Court of Appeal offers guidance amid controversial context

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.

Employment legislation update – May 2019

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.

Case Law Update – May 2019

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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Ogier advises Transocean in the acquisition of Ocean Rig UDW

By Bradley Kruger, Cynthia Anandajayasekeram, Ross Wilding Ogier has advised Transocean Ltd. (NYSE: RIG) on the Cayman law aspects of its successful acquisition of Ocean Rig UDW Inc. (NASDAQ: ORIG) valued at approximately $2.7 billion, inclusive of Ocean Rig UDW Inc.’s net debt. The transaction completed on 5 December 2018. Transocean Ltd. is a leading international provider of […]

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