Will a ‘bad bank’ approach solve the corporate NPL problems of Hungary’s banks?

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Hungary remains strict on factoring

By Gergely Szalóki Factoring is an increasingly popular product of banks that appeals to corporate clients of whatever size as it provides liquidity to the clients and stable cash flow.  The factoring is usually structured in a way that the vendors of the client do not receive information on the factoring, the bank stays in the background; […]

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By Diana Dinescu, Oana Constantinescu Environmental permits (“EP“) and integrated environmental permits (“IEP“) are now subject to annual endorsement, according to the new procedure adopted by the Ministry of the Environment. Permitholders will have to apply every year for endorsement to maintain the validity of the permits. The procedure for the annual endorsement of EP and IEP […]

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Austria: Efficient Arbitration Series -Part 5: The Prague Rules: An inquisitorial alternative

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The implementing Act PSD II adopted by the Dutch Senate

On 4 December 2018, the implementing Act PSD II (Implementatiewet herziene richtlijn betaaldiensten) was adopted by the Dutch Senate (Eerste Kamer) without further debate. The date of entry into force is not yet available. A Decree to further implement PSD  II (Implementatiebesluit herziene richtlijn betaaldiensten) shall also follow.

Bermuda allows cannabis investment funds

By Elizabeth Denman Bermuda’s authorities have given the go-ahead for investment vehicles interested in taking advantage of the legal cannabis sector. Elizabeth Denman of Conyers Dill & Pearman explains why this offshore jurisdiction is the clear choice for setting up ventures investing in cannabis-related enterprises. Investment in cannabis businesses, either directly or through an investment fund, […]

New strategy for providing free access to government data

By Jürg Schneider, Christophe Gösken On 30 November 2018 the Federal Council adopted a new open government data strategy for providing the public with free access to government data. From 2020 onwards, all government data will gradually be made available for free and in a computer-friendly format. Replacing a previous version, the new strategy is mandatory for the […]

TMT Annual Report: Evolutionary Tale

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Oil and Gas Law Review: Sixth edition

By Olivier Bustin, Luiza Savchenko The Democratic Republic of the Congo (DRC) is the most populous French-speaking country in Africa and a very attractive prospect for investors owing to the richness of its natural resources, such as cobalt, copper, cassiterite, gold, manganese, diamond and petroleum In numerous official and unofficial speeches, it has been emphasised […]

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Dentons escalates PEP row: ‘no two firms are the same, so cannot be compared’

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