Related briefings

Montenegro: Insight into the New Companies Act

The new Montenegrin Companies Act which entered into force on 11 July 2020, is an innovative and thoroughgoing codification of Montenegrin Corporate Law. The legislator opted for a comprehensive legal instrument which, compared to the previous law, contains more detailed and exhaustive rules determining the establishment, management, restructuring, termination and functioning of business entities.

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple’s Irish tax structure, annulling the 2016 decision of the European Commission (EC). As a result, Ireland is at present not obliged to reclaim the amount of EUR 13 billion from Apple. The decision is not yet final due to the EC’s right to appeal.

Czech Republic: Managing director and invalid employment contract, work injury

The Supreme Court of the Czech Republic recently issued an interesting decision concerning the employment of a managing director and an accident at work. It should be noted that this decision does not relate to a long-term problem with the concurrence of functions, i.e. the (im)possibility of performing the function of a managing director in an employment relationship, but reflects a situation where the managing director performs non-parallel work, i.e. work outside the function of a statutory body.

Covid-19: European overview on moratoria – July 2020

Austria Statutory Moratorium on repayment of loans taken out by consumers and micro enterprises (enterprises with less than 10 employees and annual turnover/annual balance sheet not more than EUR 2 million) before 15 March 2020, resulting in extension of payment dates falling in the months of April, May or June 2020, by 3 months. During […]

CEE legislation tracker: Austria

1 Financial Support Measures 1.1 Corona Relief Fund 21/07: guidelines for grants for site-relevant companies effective as of 22/07. Grants to be issued by COFAG to i.a. companies in the sectors of infrastructure, energy, telecommunication.   25/05: guideline for grants for fixed costs effective as of 26/05. 23/05: EU Commission greenlights Austrian scheme allowing grants […]

Latest Briefings

Swiss Federal Supreme Court follows the practice of EPO’s Board of Appeal on singling out

In a recent decision (4A_613/2019, 11 May 2020), the Swiss Federal Supreme Court (Supreme Court) followed the practice of the Board of Appeal of the European Patent Office (EPO) as it held that the singling out of single features from two separate lists of features and therefore the combination of these  two specific features constitutes an extension of the subject-matter of the patent application leading to its nullity.

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

Cyber security: Proactivity vs reactivity

Worried about the rise in cyber crime? Peter Yapp explains to Counter Terror Business Magazine how to “expect the unexpected” and get proactive when it comes to cyber security.

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Loans

After Burford, litigation funders need a healthy dose of transparency

Litigation funders live and breathe disputes, but this was not the sort of dispute Burford Capital was used to. On August 8, Burford’s share price plunged 66 per cent after a ferocious attack from San Francisco-based hedge fund Muddy Waters, whose founder Carson Black questioned the accuracy of the funders accounting practices. Black described the […]

UnitedLex

Thinking beyond ‘going digital’

‘Going digital’ is a phrase buzzing around even the most technology-averse boardrooms. Businesses, including law firms, are recognising the threat presented by falling behind in an increasingly digital world, and they are mobilising accordingly. That is promising, but also missing the larger issue. Going digital in the legal industry means much more. Too many lawyers […]

Dentons dubs Warsaw partner its ‘chief mindfulness officer’

Dentons has appointed a ‘chief mindfulness officer’ for Europe in an attempt to develop its lawyers’ emotional intelligence. Warsaw-based partner Karina Furga-Dabrowska has been handed the role as an acknowledgement of her role in the launch of NextMind, Dentons’ wellbeing programme. Furga-Dabrowska has been with the firm since 2006 and is co-head of its tax advisory […]

money finance

A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group

Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]

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