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. […]
Many offshore jurisdictions saw notable reforms in 2018. This article considers how recent changes to the regulation of financial services in Bermuda have affected private trust companies. These legislative amendments were made primarily to ensure that Bermuda’s legal framework remains up to date with international standards, which are aimed at maintaining the international financial system’s […]
A company has outstanding debts and it seems they are struggling financially. What can you do to try and get your debts settled? Is applying to have the company wound up the answer? Here, we take a look at what you will need to consider before a decision is made and we take a look […]
In the recent case of SKYMIST HOLDINGS LIMITED v GRANDLANE DEVELOPMENTS LIMITED , the Technology and Construction Court (TCC), considered the principle of “approbation and reprobation” in “satellite litigation” over the jurisdiction of adjudicators. But is challenging the jurisdiction of an adjudicator worth the cost involved? We review the key points in the Skymist decision, and the TCC‘s […]
Public consultations on enhancing retirement security led by the Ministry of Innovation, Science and Economic Development Canada closed in late 2018. Given the importance and complexity of the subject matter, the one-month consultation period offered by the government was curiously short. Given that 2019 is an election year, the quick completion of the process could […]
Competition matters, and investigations more generally, differ greatly in execution from the approach to eDiscovery taken in litigation. Understanding the potential issues is paramount in developing an eDiscovery model that tackles the regulatory pressures faced by legal teams and their corporate clients. In the first article in this series we compare the different approaches and examine […]
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Freshfields Bruckhaus Deringer has been called in by Canadian firm Stikemann Elliott to co-lead on Dairy Crest’s sale to a transatlantic buyer. The magic circle firm has been providing UK legal advice to Canadian company Saputo, which produces milk and dairy products. Freshfields corporate partner Stephen Hewes has taken the lead alongside colleague Peter Hall, […]
Four more partners have left Squire Patton Boggs’ London office, in the wake of former managing partner Robert Weekes’ move to Crowell & Moring earlier this month. UK litigation head Laurence Winston and restructuring partners Paul Muscutt and Cathryn Williams are to part ways with the firm, while Robin Baillie in the infrastructure practice is […]
Shearman & Sterling’s global turnover increased by 5 per cent over 2018, though the pace of growth has fallen behind some of Shearman’s US peers who have all reported double-digit gains this year. Turnover at Shearman rose to $955.5m in 2018, an increase of 4 per cent. This followed the addition of just $5m to […]
Addleshaw Goddard’s senior partner Charles Penney faces a challenge to his bid for another term, with another contender stepping forward to take on the role. Penney, who is seeking a second term in the top job, will run against contender Michael Leftley, who heads the employment, incentives & immigration group in London. Leftley has been […]