Biggest gun-jumping fine or just a slap on the wrist?
The Serbian Competition Authority (“SCA”) recently focused on unapproved mergers i.e. gun jumping. The most recent “victim” of the SCA’s investigations into gun-jumping was Fortenova Grupa d.d. (“Fortenova”), with the only previous undertaking fined for gun-jumping being Prointer IT Solutions. Meanwhile, Ernst & Young are also being investigated under same allegations. Is this simply a …
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PRE-CONDITIONS TO ARBITRATION: IS STRICT COMPLIANCE NECESSARY?
Introduction Many dispute resolution clauses, in which arbitration is the agreed mode of dispute resolution, often require that parties – before initiating any arbitration proceedings – either (i) follow a structured mechanism to settle disputes and/or (ii) engage in good faith settlement negotiations with the ultimate aim of resolving their disputes or differences amicably. With …
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Panama: Changes to the requirements to obtain the “residence permit as friendly nations”
The Ministry of Public Security modifies the requirements to request the residence permit for foreigners from specific countries who maintain friendly professional, economic and investment relationship with the Republic of Panama.
Panama: Short stay visa as a remote worker
The Government of the Republic of Panama, in response to the new modalities of work worldwide, among these, remote working, considered it appropriate to create this subcategory within the Non-Resident Visas.
Recovery of the constructor’s debts: How to register the legal mortgage (statuatory lien) of the constructor in the land book
Construction companies can recover the value of construction works in Romania carried out and unpaid by the developer by initiating legal proceedings against the beneficiary. The law firm Pavel, Margarit and Associates recommends the registration of the legal mortgage of the constructor in the land book of the beneficiary. A lawyer specialized in real estate …
SHOULD INDIAN SECURITIES LAW SHIFT FOCUS FROM PROMOTERS TO PERSONS IN CONTROL?
Indian securities law has focussed on regulating, holding accountable and penalizing “promoters” as a result of concentrated family owned businesses which are largely prevalent in India. In this regard, the Securities and Exchange Board of India (the “SEBI”) defines a “promoter” to include any person: (a) who has been identified as a promoter by the …
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Lee Shih and Nathalie Ker from Lim Chee Wee Partnership speak about the developments in the law and practice of judicial management in Malaysia
As part of the BlackOak Workshop Series, Lee Shih and Nathalie Ker from Lim Chee Wee Partnership share with us practical insights into the law and practice of judicial management in Malaysia. It has been 3 years since judicial management legislation was introduced as an additional weapon in the armoury of Malaysian insolvency practitioners. We …
The Act to Regulate the Legal Profession in Malta
An act regulating the legal profession in Malta has entered into force on the 20th April 2021. The aim of the act was to address inefficiencies identified by Moneyval and to create further safeguards for the legal profession in terms of money-laundering risks.
Lego, The Block of Discord
On 24 March 2021 the European General Court (EGC) overturned the 10 April 2019 decision of the Board of Appeal of the European Union Intellectual Property Office (EUIPO) invalidating a design for one of the blocks of the famous Lego building set.
Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations – Legal Noti
On 30th April 2021 a legal notice (L.N. 199 of 2021) (the “Legal Notice”) introduced a number of amendments to the ‘Prevention of Money Laundering and Funding of Terrorism Regulations’ (the “PMLFTR”). The following is a short synopsis of the key amendments: