Supreme Court: Time-barred claims cannot be brought under IBC

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Significant beneficial ownership filings by listed companies – SEBI extends timelines

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners) 2018 (Old SBO Rules). As per the New SBO Rules, the first SBO-related filing is due on 12 May 2019. Vide circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 […]

Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Licensing structure for defence manufacturing by the MCI

On 1 January 2019, the Ministry of Commerce and Industry (MCI) vide Press Note No.1 of 2019 Series (Press Note 2019) specified the list of defence items under the Industries (Development and Regulation) Act, 1951 (IDRA) and the list of arms and ammunitions requiring license under Form VII of the Arms Act, 1959 (Arms Act), […]

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Bill 2: An Act to make Alberta open for business

On May 27, 2019, Alberta’s newly elected United Conservative Party government introduced Bill 2 and approved an Order in Council, making the Employment Standards (Minimum Wage) Amendment Regulation. If passed, Bill 2 will make amendments to Alberta’s Employment Standards Code and Labour Relations Code. Bill 2 reintroduces a number of provisions that were changed or […]

FCA releases new rules for crowdfunding platforms

The Financial Conduct Authority (FCA) published its in Policy Statement (PS19/14) on 4 June 2019, outlining new rules for loan based (‘peer-to-peer’) platforms. Why the new rules? The final rules follow on from, and are broadly in line with, the FCA’s proposals in the consultation it launched in July 2018 in CP18/20. The FCA’s aim […]

Public law case update

Our latest case update includes five significant cases chosen by the Public Law and Regulation team to highlight important principles or procedural points. These include the importance of disclosure to the principle of open justice, the ability of the Scottish Parliament to make provisions for Scots law after Brexit and whether a legitimate expectation can […]

Canada’s new Trademarks Act: taking advantage of divisional applications, and a caution about the database

After the changes to the Trademarks Act take effect on June 17, applicants will have a new tool for reaching registration efficiently — divisional applications. What are divisional applications? Under the new Act, it will be possible to divide a trademark application, with some goods/services staying in the original application, and some goods/services being removed […]

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Norton Rose Fulbright pair leave for KPMG

KPMG is continuing its push into the legal market with the raid of two partners from Norton Rose Fulbright‘s international network. The hires include corporate tax partner Angela Savin, who has joined KPMG’s tax litigation and disputes team in London, and Sydney -based Zein El Hassan, who helmed the firm’s financial services risk advisory team in Australia […]

Offices

Reed Smith prioritises the US in firm’s largest-ever promotions round

Reed Smith has announced its largest-ever round of promotions, in a move that beefs up its US offices with 30 new partners out of 43 globally. The latest string of promotions outnumber last year‘s figures, when the firm promoted 23 partners worldwide. The largest proportion of the promotions this year went to the US (30), […]

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McDermott shifts City business services staff to WeWork

McDermott Will & Emery has become the latest City firm to diversify its office space, with a number of its business services teams moving into a WeWork office adjacent to its London HQ. Around 20 members of staff from accounting, marketing and business development, HR and research moved across from Heron Tower at the end […]

Gowling WLG advises Waterlogic in the acquisition of Pure Life H2O

By Sean Gomes, Duncan Snyder, Andrew C. Griffin On Dec. 31, 2018, Waterlogic Canada Inc. acquired all of the commercial assets of Pure Life H2O Inc. of Mississauga, Ontario. Waterlogic Canada is a subsidiary of Waterlogic Plc (AIM: WTL.L), a leading global designer, manufacturer, distributor and operator of point-of-use (“POU”) drinking water purification and dispensing systems […]

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