On 8 June 2018, the Serbian Parliament adopted the Law on Financial Collateral (“FC Law”) which will become applicable on 1 January 2019. Financial agreements that are not fulfilled by 1 January 2019 will be implemented pursuant to the rules that were in force before that date. Simultaneously, the Insolvency Law (“Insolvency Law”) was amended […]
The Law on Ultimate Beneficial Owners Central Registry entered into force in Serbia on 8 June 2018. This law was adopted in order to harmonise domestic legislation with international standards and to improve the existing system of detecting and preventing money laundering and the financing of terrorism. The law introduces a single, public, electronic database […]
On 12 June 2018, Christian Louboutin’s won a key legal battle in the war over the trade mark of his red-soled shoes when the European Court of Justice (ECJ) stated that their red colour was separate from the shape of the soles. For a bit of background, Paris-based Christian Louboutin has marketed the redbottomed shoes for more than a quarter of a century, and they featured even on the television series “Sex and the City.” Louboutin had registered trademarks in Belgium, the Netherlands and Luxembourg, covering footwear in and highheeled shoes, where the colour red is applied to the sole of a shoe.
The Serbian Parliament adopted amendments to the Serbian Company Law on 8 June 2018, and they were published in the official journal on the same date. This is the first overhaul of the Serbian Company Law since it was enacted back in 2011. Most of the amendments relate to the introduction of the concepts required […]
By Darko Jovanović The theme of this year’s xCEEd conference - the leading FinTech event in Central and Eastern Europe – was “Road Mapping the Digital Future”, focusing on the practical application of financial technologies in CEE. Supported by the UK Department for International Trade, this is the second year that this event was held in […]
The bill of law to implement the provisions of the EU Directive 2016/1164 on anti-tax avoidance (ATAD) in Luxembourg law was made available on 20 June 2018. Subject to parliamentary approval, Luxembourg will introduce controlled foreign corporation (CFC), interest deduction limitation and anti-hybrid rules. It will also modify its existing general anti-abuse rule..
Act 23/2018, establishing the legal framework on the right to compensation for damages from infringements of competition law, was published on 5 June 2018. This legislative act transposes into Portuguese law the Directive 2014/104/EU of the European Parliament and of the Council, of 26 November 2014, which established common rules to all Member States on […]
By Paula Rome The widely reported decision in Pimlico Plumbers emphasises the risks of retaining control over staff. However, such control can be key to protecting an organisations’ brand and reputation in the marketplace. Where does this leave us? What does control mean?
By Antonia Blackwell In this instalment of our ‘Breaking Down the Handbook’ series, we look at whistleblowing policies, why they are needed, what they should contain and what traps employers need to avoid. What does whistleblowing mean?
By Miranda Nairn There is a common misconception that once in possession of a decree absolute (the final decree dissolving a marriage), your divorce is done and dusted and you and your ex-spouse can walk off into the sunset, in opposite directions, never to see or hear from each other again. In fact, unless you […]
After successfully advising client Barclays on the UK Government’s banking ring-fencing scheme, Slaughter and May has led for Santander as its becomes the fourth major bank to be accepted. The bank was accepted into the scheme following a High Court hearing on 12 June and has committed to transferring all relevant accounts into the ring-fenced […]
Linklaters and Baker McKenzie have led in the €1.2 billion sale of the world’s largest air cargo handler, Worldwide Flight Services (WFS), to New York based private equity company Cerberus Capital Management. Linklaters corporate partners Ben Rodham and Christopher Boycott acted for Cerberus, which from 2015 has been owned by Platinum Equity. They were supported by finance partners Daniel […]
Latham & Watkins looks set to become to the latest firm to boost its associate pay scale as the battle over young legal talent intensifies. Lawyers at the firm are understood to have met yesterday to discuss the salary proposals which, if the firm elects to increase pay, could see associates paid between $190,000 and $340,000. […]
Flexible legal resources provider Axiom is considering an initial public offering in a bid to turbocharge the company’s growth, The Lawyer understands. Sources close to the matter claim that the firm’s internal talks are reaching a head after several years of deliberation. An Axiom spokesperson said today: “Axiom does not comment on rumours or market speculation”. […]
Knights, which this month announced its intention to become the fifth publicly listed UK law firm, has hired the European IT director at Procter & Gamble to oversee a “technology transformation” as part of the listing. Richard King will join Knights on 1 July as a non-executive director to lead the business’ tech overhaul. Knights’ […]