Turkey upholds prevention of pleading amendment

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Ukraine: new corporate law governing LLCs

The new law “On Limited and Additional Liability Companies” No. 2275-VIII has come into effect, with the exception of some specific provisions related to inheritance that take effect on 17 June 2019. The law introduces fundamental changes to the rules that apply to the operation of companies with limited and additional liability, grants their participants […]

Romania: New government ordinance on PPPs

A new legal framework on public-private partnerships entered into force in Romania on 18 May 2018 after the publication in the Official Gazette of Government Emergency Ordinance No. 39/2018 on public-private partnerships…

Serbia: Transfer of licences in the context of asset privatisations in the mining sector

The current Serbian privatisation framework was established in August 2014 through the adoption of a new privatisation law (“Privatisation Law”) and subsequent introduction of all relevant secondary legislation. Although the phase of the mandatory privatisation of the so­called socially-­owned companies (which comprised a special feature of the pre­privatisation system in Serbia) was finalised on 31 […]

Law on Central Register of Beneficial Owners adopted in Serbia

On 25 May 2018, the Serbian Parliament adopted the Law on the Central Register of Beneficial Owners (“the Law”). The main purpose of the Law is compliance with Chapter III of Directive (EU) 2015/849 of 20 May 2015. The Law will enter into force on 8 June 2018. The Law introduces the obligation to register […]

Ukraine energy digest May 2018 in review

Ukraine’s State Service on Geology and Mineral Resources (“Derzhgeonadra”) has announced on its website plans to auction the rights to 40 new oil and gas fields. Specifically, the announcement relates to: (i) 22 promising offshore areas located on the shelf of the Black Sea or Azov Sea; (ii) the Chernytska Oil and Gas Field and […]

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Spanish soccer league app accused of spying to crack down on football piracy

By Alex Towers and Leo Moore The Spanish Data Protection watchdog (AEPD) has begun a preliminary probe into the official app for Spanish football league, La Liga, which allows them access to the microphones and GPS of users’ smartphones with the aim of potentially identifying showings of football games in the vicinity of the user […]

EU workers: ‘simple’ process to stay in UK post-Brexit

By Helen Burgess With 3.8 million EU citizens in the UK, according to ONS figures, employers have rightly been concerned about maintaining a stable workforce in the lead up to and post-Brexit. Good news is however afoot. Home Secretary Sajid Javid has announced that EU citizens will have to answer three ‘simple’ questions online (or […]

PLMJ – Moazambique: Regulations on advertising of financial products and services

By Télio Murrure and Nacita Chirindza The Central Bank has approved the Regulations on Advertising of Financial Products and Services (Regulamento sobre a Publicidade de Produtos e Serviços Financeiros – “RPPSF”), which is an integral part of Notice no. 3/GBM/2018 of 18 April. This is the first instrument addressing this matter in the Mozambican legal system. […]

Rectification of the terms of a private equity financing transaction

Terra Firma has successfully obtained rectification of the terms of a private equity financing transaction completed in 2012, concerning the Four Seasons care homes business [FSHC Group Holdings Limited v Barclays Bank Plc]. The transaction required the Parent company to provide security over a particular shareholder loan which was part of the overall funding package. […]

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