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CEE legislation tracker: Hungary

By Alexandra Bognár Status as of 28/10 Table of Content 1 Financial Support Measures 2 Capital Markets 3 Employment 4 Real Estate & Construction 5 Tax & Duties 6 Corporate, M&A 7 EU & Competition 8 Courts and Authorities

CEE legislation tracker: Slovakia

By Peter Devínsky, Tomáš Šilhánek Status as on 26/10 12am CET Banking & Finance, Capital Markets Financial Market Supervision 04/04: Supervisory proceedings conducted by the National Bank of Slovakia can be interrupted if the circumstances relating to the period of pandemic prevent the proper hearing and decision of the case. The National Bank of Slovakia may extend the […]

Romania: Call for project proposals for financing via the EU Modernisation Fund

By Monica Cojocaru, Simona Lehniuc Romania launched a call for project proposals from companies interested in attracting financing from the EU Modernisation Fund, for investments in sectors such as renewable energy, energy efficiency, energy storage or the modernisation of energy networks. Interested investors have less than two weeks left to apply if they want to be […]

Water (power) march! An overview of the new funding system for hydropower

By Felix Schneider, Philipp Strondl On September 16, 2020, the eagerly awaited draft of the federal law on the expansion of energy from renewable sources (Renewable Expansion Law –  EAG ) was submitted for assessment. Comments on this can only be submitted until October 28, 2020. The draft brings significant changes to the funding system for hydropower plants and is intended […]

What are the chances of enforcing a foreign arbitral award or court judgment in Moldova? Recent developments & practical tips

By Vladimir Iurkovski Moldova is a member state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. It is also a UNCITRAL Model Law country when it comes to international and domestic arbitration. In addition, Moldova has several treaties on recognition and enforcement of foreign civil (commercial) judgments. Still, as […]

Latest Briefings

No money-back guarantee – When severance agreements go wrong

By Louise Hall. Sarah Ash, Victoria Pratt, Daniel Read, Niall MacDonald A case in the US courts involving the former CEO of McDonald’s may appear to have very little to offer in the way of lessons for regulated financial services businesses in the Channel Islands. But the case against Steve Easterbrook currently in the Delaware […]

EU recognition of Cayman Islands tax cooperation and removal from Annex I list

By Lucy Frew, Ingrid Pierce, Tim Buckley, Lucy Frew, Anne Dolan The European Union (“EU”) has announced that the Cayman Islands has been removed from Annex I of the EU’s list of non-cooperative jurisdictions for tax purposes (“Annex I”) following a meeting of the EU’s Economic and Financial Affairs Council (“ECOFIN“). The Cayman Islands’ continued […]

Data analysis: How Covid-19 has affected professional services content

By Samuel Page In the last two months, there has been a huge increase in demand for digital content from Professional Services clients. The pressing need for information and advice from professionals has driven the highest traffic, page views and time-spent ever seen across the Passle network. I’m not in the business of saying that […]

New law to scrutinise pre-pack sales in administration

By Andrew Taylor On 8 October 2020, the Government announced new laws for independent scrutiny of pre-pack administration sales where connected parties, such as previous directors, shareholders or associates are involved in the purchase. What is a pre-pack sale? A pre-pack administration sale is a procedure where an insolvent business reaches an agreement to sell […]

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Covid-19 procurement battle pits Dentons against two firms

Dentons is taking on Eversheds Sutherland and Hill Dickinson in a Covid-19-related procurement spat that is being rushed through the High Court after proceedings kicked off in May. The dispute is pitting UK-based testing company Diagnostics.ai, represented by Dentons, up against UK Biocentre Limited, Medicines Catapult Discovery Limited (MDC) and the Secretary of State for […]

Slaughter and May

Double win for Slaughters as firm nabs new Government mandates

Slaughter and May has won two lucrative UK Government contracts for mandates to help the rail, and TV and film industry, worth a combined £3.7m. The firm has won the two separate contracts in a matter of months. The first one will see Slaughters advise the Department of Transport on an international rail project, the […]

New Look

The New Look deal is a watershed moment for Latham

New Look’s long-rumbling restructuring journey is emblematic of a shifting order of restructuring advisers in the City. A decade of financial engineering at the hands of private equity has left the retailer fighting and shifting between magic circle and US legal advisers. Latham’s prescient poaching of star talent has paid off, having sealed the sole […]

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