New act on employment of foreigners is adopted

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Squeeze-outs of minority shareholders in Romania: Methods and pitfalls

The squeeze-out of minority shareholders in closely held companies is one of the most controversial issues in Romania, having led to many debates both in and out of court. This issue is made more complex by the large number of Romanian companies with minority shareholders…

The Delta Pekárny case: an example of ineffective protection in Eastern Europe?

The legality of a 2003 dawn raid carried out by the Czech Competition Authority (“CCA”) on Delta Pekárny’s business premises was the subject of a long-running dispute. The CCA has the power to inspect business premises without any prior judicial warrant (a court order is only needed to inspect private premises). Czech procedural law afforded […]

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Does the right to privacy play any role in merger control proceedings?

One might be surprised to read that data protection rules might also impact the competitive assessment of a concentration within merger control proceedings. Nonetheless, the clash of these two universes can be increasingly seen with respect to mergers pertaining to the digital sector. The most recent example is the EC’s probe of the VERIZON/YAHOO deal. Both […]

Slovenia: Food supply chain – changes to the menu

Following an examination by the Competition Protection Agency regarding unfair trading practices in the food supply chain (for further information please see “Unfair trading practices in food supply chain examined”), the government drafted a proposal to amend and supplement the Agriculture Act. The proposal contained some major changes to the food supply sector. Parliament accepted […]

There’s no place like home until the neighbour interferes

My home is my castle. Unfortunately, the Austrian Supreme Court (“OGH”) doesn’t think so. The Austrian Civil Code (ABGB) entitles property owners to prohibit all emissions that exceed the local norm and have a substantial effect on the customary use of their property. Here are some rulings that the OGH has made since 2011…

Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

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After a record number of entries, the shortlist for The Lawyer European Awards 2015 is finally revealed today (12 January). Newly-established boutiques will compete with Europe’s largest independent firms for the coveted title of European Law Firm of the Year at the awards in March. Contenders include Russian firm Egorov Puginsky Afanasiev & Partners, which […]

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Baker Botts boosts 2014 revenue by 11 per cent to a record $653m

US firm Baker Botts has announced record revenue of $653m in its year-end financial results for 2014, increasing its turnover by 11.4 per cent from $586m. Net income at the firm increased by 22.6 per cent to $299.3m in 2014, while profits per partner increased by 25.5 per cent to $1.7m. These financial results are […]

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Looking to Europe: A closer look at Fieldfisher’s flurry of lateral hires

Fieldfisher has cast a wide net to snare lateral hires in Europe, but what is its strategy on the continent? Since Michael Chissick became Fieldfisher’s managing partner back in February 2013, he claims to have been “slowly but surely” investing in lateral hires. According to The Lawyer UK 200, the firm increased its partner numbers […]

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11 Stone Buildings has particular strength in music industry cases but members’ expertise extends to all aspects of intellectual property, core media subjects (including privacy, defamation, malicious falsehood and data protection) and contractual matters. Members act for a range of clients from artists and performers to management, agency and record companies. Click here for more information.

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Dechert increases global revenue by 8 per cent to $839.4m

US firm Dechert grew its global gross revenue by 8 per cent in 2014 from $777.2m to $839.4m. The rise follows a gross revenue increase of 6.6 per cent the previous year (5 February 2014).  Dechert said 74 per cent of 2014 revenue was generated in North America, amounting to $621.2m. Its second-highest fee-generating region […]

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