March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such as employment, the role of data protection […]
Two proposed amendments to Bulgaria’s Bank Insolvency Act have been introduced to harmonise local law with EU rules and to further refine the legislation March 2019 – On 22 February 2019 and 26 February 2019: two bills were introduced in the Bulgarian parliament to amend the existing Bank Insolvency Act (“Bills”). The purpose of the […]
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, […]
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.
A Q&A guide to hedge funds law in Portugal. This Q&A is part of the global guide to hedge funds. It provides a high level overview of hedge funds in Portugal. Areas covered include a market overview, legislation and regulation, marketing, managers and operators, restrictions and requirements, tax; private placement rules and upcoming reform. To […]
The contribution of just under 30,000 businesses with an annual turnover of £10m to £149million is seriously at risk from a lack of identity, shortage of skills and talent and macro-economic uncertainty, a new benchmark report has revealed. Released today, the report uses an unprecedented range of intelligence about UK mid size businesses’ priorities, strengths […]
By Gwendoline Davies High street jeweller H Samuel has been fined for providing misleading pricing information online. The case highlights both what retailers can and can’t do when it comes to posting prices and promotions; and a new national and international drive towards the enforcement of consumer protection laws. Retail and Commercial Dispute Resolution specialist Gwendoline […]
By Gwendoline Davies, Martin McKeague Walker Morris reported, at the end of last month, the High Court’s decision in Canary Wharf v EMA that Brexit will not frustrate (and therefore effectively terminate) the European Medical Agency’s lease at Canary Wharf. The High Court’s decision was generally welcomed because, had the High Court found for the EMA, countless leases […]
By Ruth Ormrod Why is this case relevant to retailers? Where a commercial tenant’s lease is protected under Part II of the Landlord and Tenant Act 1954 (the 1954 Act), the tenant has a statutory right of renewal. Security of tenure is especially important for retailers, as one of their most valuable assets – goodwill – […]
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Italian powerhouse BonelliErede has entered into early-stage merger negotiations with a litigation-focused firm, as it looks to bulk up its credentials in this area, The Lawyer can reveal. BonelliErede is in discussions with local law firm Lombardi Segni, marking the first merger in the Italian market in more than three years and involving one of the country’s […]
Eversheds Sutherland has made a timely hire one year on from the introduction of the new Telecoms Code, taking on Fladgate’s head of real estate litigation and telecommunications specialist Thekla Fellas. Fellas joins Eversheds on 1 April to build a team around her specialism in “Telecoms Code” disputes. Her appointment follows the controversial Electronic Communications […]
The revenue of Simmons & Simmons’ flexible resourcing unit has grown 230 per cent to £10m in the space of one financial year, The Lawyer has learned. The Adaptive service, which was launched in 2014 following an uptick in work in London and growing demand for secondees and specialist lawyers involved in one-off projects, grossed […]
Litigation funder Therium has secured $1.07bn (£816.6m) in its latest round of investment, making it the largest fund raised by the business in its 11-year history. The sum is five times higher than the amount it raised in February 2018 and includes investment from an unnamed sovereign wealth fund which is thought to make it […]
Axiom Managed Solutions (AMS), one of two new companies spun out of locum lawyer business Axiom prior to its pending IPO, has appointed a financial adviser to help source potential investors and, ultimately, a significant injection of capital. AMS, which is understood to have a turnover of between $50m and $100m, has appointed Livingstone Partners, […]