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.
In this podcast, Debra Cooper, Banking & Finance partner at Shoosmiths, chats with Marcos Navarro, a Director and Environmental, Social and Governance (ESG) Lead on the Housing Finance Team at NatWest, about their commitment to the social housing sector and why ESG is so important to them.
This podcast reflects on and discusses some of the measures currently being considered by employers to keep their workplaces safe twelve months on from the start of the pandemic.
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have joined forces to provide updated guidance on a common problem faced by employers and pension scheme trustees: when and how can information or other support be given to members to help them with their pension choices without needing to be authorised by the FCA?
The webinar brought together our various communities to discuss the progress combatting the disparities that exist between female and male entrepreneurs, making entrepreneurship more accessible to women, increasing funding access for women to start and grow businesses as well as addressing broader societal issues and unconscious bias that have created barriers for women generally.
In a costs ruling delivered on 12 March 2021, the Honourable Justice Ramsay-Hale provided welcome clarity on the circumstances in which the Grand Court of the Cayman Islands will make a costs award on the indemnity basis. A successful party can expect to recover a higher proportion of its costs when an award is made on the indemnity basis (rather than the standard basis) since only costs that are unreasonably incurred or are of an unreasonable amount will be disallowed on taxation, and any doubts as to reasonableness are resolved in favour of the successful party.
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Cahill has doubled in size in London since 2016.
Two months after the firm compensated its employees for working reduced hours, Taylor Wessing has now announced a five per cent special bonus for staff. This will be paid in addition to the firm’s annual bonus scheme and will account for five per cent of every employee’s respective salary. As a reward package for the […]
Hogan Lovells has recruited a five-lawyer finance team from PwC for its Brussels base. Finance veteran Ivan Peeters and partner Philip Van Steenwinkel join the firm alongside three associates. Both Peeters and Van Steenwinkel have been at PwC since 2018, which they joined from the Belgian branch of Benelux firm Stibbe. Before this, the duo […]
EY Law is bringing in a team of six lawyers to boost its financial services practice, including a former Dechert partner. The legal arm of the accountancy firm has brought in a collective helmed by Monica Gogna, a finance expert who left Dechert last September. The team hire is aimed at building out a financial services […]
CMS is switching partner profit distributions back to its traditional bi-monthly schedule after temporary changes adopted during the pandemic, The Lawyer has learned. It is understood the firm moved to quarterly distributions last year, when it found itself in a position to resume the rounds following an emergency hiatus in the early part of the […]
One of the Inns of Court in London will soon be home to a fee-paying junior school after it agreed to lease out one of its buildings, The Lawyer can reveal. Grays Inn recently confirmed that it will be leasing out the old City School of Law Building to the City of London School for […]
Clyde & Co has cut a number of its UK secretarial roles as it moves to a new ‘hub’ operating model, adding itself to the list for firms rethinking the legal support function. The firm has dispensed with the services of 29 out of 235 secretaries, marking a 12 per cent decrease, as a result […]
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