Recently approved amendments to the Slovak Labour Code and Employment Services Act impose new obligations on employers in Slovakia as of January 2019. Among the newly introduced changes, employers can no longer bind their employees with the obligation to keep their work conditions confidential, including information about their salaries.
By Mykyta Nota, Daryna Ushchapivska The Ukrainian parliament adopted a law (the “Law“) introducing and enhancing a number of instruments to make companies less susceptible to investigations by the Antimonopoly Committee of Ukraine (the “AMC“). The most notable changes introduced by the Law include an improved leniency policy, the introduction of a settlement procedure in cartel cases, […]
By Andriy Nikiforov The Law of Ukraine on Foreign Exchange and Exchange Transactions (the “FX Law”) is in effect. Adopted by the Ukrainian parliament on 21 June 2018, the FX Law overhauls the existing exchange control regime, introduces the principle of freedom of foreign exchange transactions and vests the National Bank of Ukraine (the “NBU”) with […]
OIL & GAS: Second International Licencing Round to take place in May 2019 On 29 January 2019, Ukraine’s State Geology and Subsoil Service (the “Derzhgeonadra”) announced plans to hold the Second International Licensing Round of e-auctions for exploitation rights to seven onshore fields of hydrocarbons in the Chernihiv, Ivano-Frankivsk, Kharkiv, Lviv and Sumy regions.
By Nina Tsifudina, Svilen Issaev On 3 December 2018, Bulgaria’s Supreme Court of Cassation (“SCC”) issued Interpretative Judgment No 1 (the “Judgement”) on interpretative proceedings No 1/2017 of the General Assembly of the Panel of Commerce. The Judgement provides guidance to certain issues concerning insolvency proceedings that in the past have been adjudicated differently by the courts. […]
Brexit was the key topic at the 20th annual IBA Annual International Conference on Private Investment Funds 2019 – but as you’d expect, there was discussion on a range of areas from NPPR to credit funds, and from the prospects of the UK economy to AIFMD II. Seven partners from Ogier’s international funds team from Cayman, […]
By William Jean-Baptiste On 5 March 2018, the Luxembourg Government filed the 2019 Finance Bill (the Bill) with the Chambre des Députés. Following the 2018 general elections, the Luxembourg Government was authorised to extend certain credits and expenses of fiscal year 2018 (the “douziemes provisoires” or provisional twelfths system) for the period running from January to […]
March 2, 2019 Saturday and dated 30 702 Official Gazette ( ” Official Gazette “), the Family, Ministry of Labor and Social Services, jointly by the Environment and Urban Planning Ministry and the Interior Ministry, Prevention of Major Industrial Accidents And Regulations on Mitigation of Impacts ( ” Regulation ” ) Has been published; The Regulation on the […]
The National Assembly of the Republic of Srpska adopted the Law on the amendments to the Law on Renewable Energy Sources and Efficient Cogeneration (Law) in an urgent procedure, abolishing subsidies for the production of electricity from wind power plants in the Republic of Srpska. The Law will enter into force eight days after its […]
By Bolormaa Volodya General understanding of the Arbitration: Civil court lawsuits and trials are the traditional method for resolving disputes. However, concerns about court congestion and delays, rising litigation costs, and the negative psychological and emotional impact of litigation have increased the use of alternative dispute resolution (ADR) techniques such as mediation, arbitration etc. Arbitration is one […]
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A quartet of firms have won top roles on the £1bn sale of four of the Grange Hotel’s London leases, while Allen & Overy and Clifford Chance took the lead on financing matters. Bryan Cave Leighton Paisner (BCLP), Hogan Lovells, Brown Rudnick and Gowling WLG all advised on the sale of the buildings to Queensgate […]
Bird & Bird has re-elected CEO David Kerr for another three-year stint in the position, meaning that by the end of this term he will have been in charge for 26 years. Kerr was elected unopposed, with the tech partner having held the position since 1996. The stint easily makes Kerr one of the longest-serving […]
Dechert has appointed a new partner to its London management team, after the departure of Miriam Gonzalez and appointment of Camille Abousleiman to the Lebanese government. Corporate and private equity partner Chris Field is to join employment partner Jason Butwick and finance partner Gus Black on the committee, with Black taking up the helm as […]
Network Rail has more than halved its panel in the past six years, with the latest review seeing three firms wins spots until 2024. The spots have been taken by Dentons, Addleshaw Goddard and Eversheds Sutherland and will be in place until 2024. The contract is worth £70m. Stuart Kelly, group general counsel at Network […]
The Post Office, represented by Womble Bond Dickinson, has lost a landmark ruling in the first of four cases related to alleged electronic failures at the company that resulted in postmaster job losses and convictions for false accounting. In the first significant judgment concerning the contractual relationship between the Post Office and its agents, Justice […]