Knowledge Center

Jonathan Osborne and Stacie Townsend, Gunster (Florida, USA): New WLG Key Contact Partners

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WLG | connected: Global Trade Resources

The WLG Global Trade Resources is a public resource designed to connect businesses, in-house counsel, and law firms to trusted sources of insight and expertise from within our member firms worldwide.

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APPROVAL OF LAW NO. 1208 LAW FOR THE REPEAL OF LAW NO. 347, ORGANIC LAW OF THE NICARAGUAN INSTITUTE OF MUNICIPAL DEVELOPMENT (INIFOM)

On July 15, 2024, Law No. 1208 Law for the Repeal of Law No. 347, Organic Law of the Nicaraguan Institute of Municipal Development (INIFOM), came into force.

USA Federal Court Decision Creates Greater Uncertainty as to Future of FTC Final Rule on Noncompete Clauses

In ATS Tree Services v. Federal Trade Commission, the Eastern District of Pennsylvania found that even if the plaintiff employer could show irreparable harm, injunctive relief would still be inappropriate because the plaintiff was unlikely to prevail on its argument that the FTC did not have authority to promulgate the Noncompete Rule.

Corporate Governance as an Ethical Business Strategy

Corporate Governance is the distribution of rights and responsibilities among different participants of a company or corporation. Let's understand its benefits and why it should be considered a business strategy for organizations that incorporate it into their structure.

Truncation, a New Alternative Seeking to Provide Agility to the Financial System for the Collection of Checks

Carlos Fernández, lawyer in El Salvador and expert in Financial and Corporate Affairs, shares this article on Check Truncation, a new alternative that, through the use of technology, seeks to provide agility in the collection of checks.

Intellectual Property and the Olympic Games: Who Can Use the Olympic Properties and How?

Ivón Hernández and Cristina Ortega, lawyers in Guatemala and experts in Intellectual Property, share with us this article related to the Olympic Games, the largest sporting event globally. The Olympic symbol is one of the most recognized trademarks worldwide. There are other intellectual property assets or Olympic Properties, whose use is...

TozziniFreire Boosts Its Presence in the Brazilian Transactional Market in the First Half of the Year

A recent report released by Transactional Track Record shows the main players and transactions of the sector.

Seventh Circuit Confirms Extraterritorial Reach of the Defend Trade Secrets Act

Under Motorola, a trade secret plaintiff can bring its claim against a foreign defendant in the United States even when most of the wrongful conduct occurs outside the USA, so long as there is some act in furtherance of the misappropriation in the United States. In such cases, the trade secret plaintiff can recover damages on all of the...

Jarkesy Limits Power of the SEC to Rely on In-House Adjudicators When Pursuing Penalties for Fraud

Previously, the SEC could elect to litigate fraud cases before its administrative law judges, where it had “home court” advantage, and who often have considerable subject-matter expertise, but now it must bring such cases in a U.S. federal court.

Newsletter Labor and Employment | Second Quarter 2024

This Newsletter provides a selection of legislative and case law developments and relevant labor-related news

EU AI Act: Practical Guide

A Pioneering Legal Framework on Artificial Intelligence

Another Minnesota Noncompete Ban: Restrictive Covenants in Service Contracts

Minnesota Statute § 181.9881 — Restrictive Employment Covenants; Void in Service Contracts — prohibits on a go-forward basis service providers from restricting “in any way a customer from directly or indirectly soliciting or hiring an employee of a service provider.”

Andy Stylianou–First-time Delegate at WLG | summit Bali '24, Gowling WLG (England)

"I was thrilled to be involved in the whole summit! As a first-time attendee, I was made to feel welcome by everyone across WLG. There is so much we, World Law Group, can do together to connect, collaborate and create huge opportunities for all our member firms, and meeting in person really helps to strengthen relationships across our...

Entities That 'Cease to Exist' Must Still Comply With the Corporate Transparency Act

On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that reporting companies created or registered on or after January 1, 2024, that are subsequently dissolved or cease to exist, are required to make a CTA filing even if such reporting companies cease to...

WLG | impact '24: Arias Strengthens Their Commitment to Cultural Sustainability

Our offices throughout Central America implemented sustainability initiatives.

Canadian Government’s Approval of Glencore/Teck and a Ministerial Statement Signals Muscular New Standards for Investment Canada Act Undertakings and Metals and Minerals Transactions

A recent approval under the Investment Canada Act (“ICA”), and a policy statement by the Minister, signals important developments for investors into Canada.

WLG | impact '24: Guyer & Regules Provides Probono Services

As part of World Environment Day and this year's UN slogan, we carried out a joint activity with AMBA, an NGO to which we provide probono services.   Organización Civil Amba is a non-profit organisation that since 2016 develops several projects to protect biodiversity in the province of Rocha. They work in the preservation of...

WLG | impact '24: Building Hope

A diverse team from Herzog Fox & Neeman went to MOLET's studio at the Design Terminal in Bat Yam to help build furniture from recycled materials for evacuees from Kibbutz Kissufim as part of the “Building Hope” project.

'Ley de Bases': What does the law really change?

On June 28, by a large majority in the House of Representatives, with 147 votes in favor and 107 against, the "Ley de Bases" was approved. This bill promotes private enterprise and the free development of industry and commerce, while limiting any unnecessary state intervention. But it only defines the main guiding principles that...

Reinventing Communications with AI: Transformation and Opportunities in the Legal Sector

In today's digital age, artificial intelligence (AI) has evolved from a mere trend into an essential tool that is revolutionizing the way we work and live. Among the most noteworthy innovations is generative AI, a technology that, although still in development, is already transforming various industries, including the legal sector.

Key Aspects of the New OECD Report on Artificial Intelligence

The report “AI, data governance, and privacy: Synergies and areas of international co-operation” published by the Organization for Economic Co-operation and Development (OECD) explores the intersection of AI and privacy and ways in which relevant policy communities can work together to address related risks, especially with the rise of...

Land Law 2024 Permits Non-banking Entities to Take Mortgages Over Land Assets

The Land Law 2024 that shall take effect on 1 August 2024 introduces a new regulation that allows non-bank entities to take security over land use rights. This article will explore how this regulation could impact the real estate financing market and the opportunities and challenges it could bring for both lenders and borrowers.

WLG | impact '24: Santamarina y Steta's Recycling Campaign

Each year, 900.000 tons of electronic waste are generated in Mexico. Its careful and responsible management is essential for the conservation of the environment.

Supreme Court Denies Nonconsensual Third-Party Releases in Purdue

The Supreme Court has rejected the bankruptcy court's authority to grant through confirmation of a plan nonconsensual third-party releases without consent of creditors in a narrow ruling that does not impact plans confirmed by final order and does not opine on acceptable forms of consent. For the jurisdictions that permit consensual third-party...

Lia Heasman, Speaker at WLG | regional Helsinki ‘24 - Castrén & Snellman (Finland)

"There has been a shift in mandatory ESG regulation in the last few years and most of our clients are still playing catch-up. ESG is penetrating all areas of law and ESG must be incorporated throughout a firm’s service offering."

Attorney Brent Howard Joins Miller & Martin as Trusts, Estates and Wealth Management Member

Miller & Martin PLLC welcomes attorney Brent Howard as a member of the firm practicing in the Trusts, Estates and Wealth Management Practice Group.

TozziniFreire is Highlighted in Two Chambers Brazil Guides Release

Focused on industries, sectors and regions, the cycles spotlight practice areas, partners, and associates

FINTRAC Issues Guidance on Reporting Financial Transactions Related to Sanctions Evasion

Effective August 19, 2024, businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) must report transactions suspected to be related to sanctions evasion to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC recently issued guidance on when and how to report such...

Will the Righteous Pay the Taxes of the Sinners?

The punitive actions announced by the SAT on May 21 regarding the splitting of C/F invoices would imply more legal risks for the issuer than for the offender.

Meet Our New Partners

We are delighted to announce the promotion of four new partners, further solidifying our position as a legal leader in Ireland.

2024: Doing Business in Namibia

Namibia is upgrading its transportation infrastructure to facilitate investment and position itself as a logistics hub for road, rail, and sea transportation, connecting neighboring countries to the global marketplace, and establishing itself as a green hydrogen investment destination. Green hydrogen production is expected to contribute...

2024: Doing Business in Rwanda

Rwanda experiences comparatively high levels of stability and security by regional standards and has continued to protect its political stability since the 1994 genocide. The country boasts a track record of robust economic growth and a strong reputation for low corruption. ENS, member firm for South Africa, explores areas of opportunity,...

Recommendations Regarding Compliance Measures in Employment Matters

Labor relations are crucial for companies, yet they face significant legal challenges. Adhering to clear contracts, proper worker classifications, and regulatory benefits is essential to avoid legal issues and safeguard corporate value. Regularly evaluating compliance with labor regulations helps mitigate operational and legal risks.

2024: Doing Business in Denmark

Legally, Denmark offers a transparent and efficient legal system that is easy to navigate and provides strong protection of intellectual property rights. The country's legislation is modern, efficient, and in line with EU legislation, which supports international trade and investments. Denmark's consistentlyconsistent high ranking in 'Ease of...

2024: Doing Business in Germany

The circular economy offers multiple investment opportunities across nearly all sectors and is on top of the political agenda in Germany. However, while the country offers opportunities for growth and innovation, businesses must navigate a dynamic landscape shaped by political transitions, economic challenges, and evolving regulatory frameworks...

Professional Development Firm of the Year Latin America Award at LBG's Social Impact Americas Awards 2024

Bruchou & Funes de Rioja has won the Professional Development Firm of the Year Latin America Award at the Legal Benchmarking Group Social Impact Americas Awards 2024.

Modification of the Deadline for Filing the Monthly Purchase Declaration for Sales Tax (DMC) in Honduras

By Agreement No. SAR-237-2024, the deadline for filing the Monthly Purchase Declaration for Sales Tax (DMC) is shortened from 20 to 5 days.

The Utilization of the Electronic Signature in Administrative Procedures Before the Tax Authority in El Salvador

The use of electronic signatures expedites administrative procedures before the Tax Authority, reduces costs and eliminates geographical barriers. This digital tool, which has the same legal value as a handwritten signature, benefits both the tax administration and local and foreign taxpayers, promoting the modernization and efficiency of tax...

Amendments to the Advertising and Publicity Regulations Approved by the Panamanian Ministry of Health

In Panama, all advertising that intends to promote products or services that have an impact on the health of the population must be approved by the Panamanian Ministry of Health. Therefore, it is essential to know the regulations that apply to obtain this type of authorization.

Legal Challenges of Environmental Protection and Compliance in Costa Rica

Costa Rica's environmental protection is hindered by budget cuts and a lack of specialized judges, leaving over 8000 cases unresolved. Decentralized efforts face resource shortages, highlighting the need for robust legal frameworks, adequate funding, and community participation. Strengthening judicial capacity and implementing the Escazú...

New Law Creates the National Attorney Office for the Defense of Free Competition and Alternative Dispute Resolution

New Law creates the National Attorney Office for the Defense of Free Competition and Alternative Dispute Resolution, a new entity that integrates the functions of the National Institute for the Promotion of Competition (PROCOMPETENCIA) and the Alternative Dispute Resolution Directorate (DIRAC), with the purpose of centralizing the defense of...

Adjustment to the Tax Applicable to Cigarettes, Soft Drinks, Alcoholic Beverages and Other Prepared or Fermented Beverages

The Ministry of Finance adjusts the Production and Consumption Tax by five-point nineteen percent (5.19%) in accordance with the year-to-year variation of the Consumer Price Index (CPI) for 2023.

Gender Equality in Employment: The Impact of the New Labor Inspection Protocol in Honduras

Honduras has taken a step towards reducing the gender inequality gap in the workplace by approving and implementing the new Labor Inspection Protocol, specifically focused on gender discrimination in employment and occupation. This agreement, approved by the Ministry of Labor and Social Security (SETRASS), aims to reduce discrimination,...

WLG | impact '24: Setterwalls supports Läxhjälpen

At Setterwalls, we strive to run our business in a responsible and sustainable way that considers social, environmental and governance factors at all levels and for the long term.

New Real Estate Partner, Stephen Cowhey

L-R: Stephen Cowhey with Vanessa Byrne and Michael Doran We are pleased to announce the promotion of Stephen Cowhey to partner in our market-leading  Real Estate team . Stephen supports clients through the entire real estate project lifecycle, from acquisition, development and financing to operation and sale. Having worked on...

Staying Compliant: Recent Employment Law Changes Impacting Oregon and Washington Senior Living Communities

It has been a busy 2024 for federal agencies and the Oregon and Washington legislatures, which have ushered in new laws and regulations that affect employer-employee relationships in senior living communities.

Labeling of Processed Food and Beverages With Excessive Nutrients That May Be Harmful to Health in Central America

Due to the increase in chronic diseases related to diet in Central America, front-of-package nutritional warning labels have been proposed to provide more information and enable better consumption decisions.

EU Cybersecurity Laws

In recent years, there has been a marked increase in the amount of legislation generated at an EU level with a view to improving cybersecurity across Europe. The Network and Information Security Directive (NIS2), the Cyber Resilience Act, the Digital Operational Resilience Act (DORA) and the EU Cybersecurity Act are each aimed at...

Breach of Confidence and Injunctions

A recent English court decision looked at whether injunctions are a suitable remedy for stopping breaches of confidentiality. The court concluded that if someone breaks a confidentiality agreement and it is hard for the wronged party to prove and receive damages, an injunction will be an appropriate solution. We examine the decision.

Analysis of Law Number 81 for Personal Data Protection in Panama

The protection of personal data is essential in the digital era, where private information can be easily shared, which is why Panama reinforces in its regulatory body with Law number 81 on Personal Data Protection.

MinterEllisonRuddWatt's Doing Business in New Zealand Guide 2024

Unlocking new opportunities: A guide to investing and doing business in New Zealand.

2024: Doing Business in Kenya

Kenya boasts one of the most diversified and advanced economies in Africa, which rebounded rapidly from the COVID-19 pandemic. The country provides various tax and investment incentives to both local and foreign investors, including tax holidays, duty-free importations, and a 100% investment deduction on capital expenditures for eligible...

2024: Doing Business in Ghana

While Ghana's government welcomes foreign private investment, the investment legislation prescribes local participation requirements for certain sectors to limit foreign domination in the economy. From a cultural perspective, Ghanaian people enjoy getting to know their business associates personally before beginning formal business proceedings....

Latest Developments in AI in Argentina. What’s new?

This article highlights some of the most notable developments, showcasing how AI is transforming the administration of justice.

Exploring the Copyrightability of AI-Generated Images in China

The article explores the copyrightability of AI-generated images in China, focusing on a landmark case adjudicated by the Beijing Internet Court. In the "Spring Breeze" case, the court recognized the copyrightability of AI-generated images, setting a relatively low standard for judging originality. This contrasts with the cautious...

New Employment Law Partner, Kim Bowen

We are pleased to announce the promotion of  Kim Bowen  to partner in our  Employment Law & Benefits  team. The firm now employs over 600 staff in Ireland, the UK and the US, dedicated to delivering bespoke, innovative client solutions. Kim specializes in  Business Immigration , offering expert advice to...

Compensation for Dismissal

The Workplace Relations Commission has made another landmark award of compensation in recent weeks. A leading academic at a third-level institution was awarded €300,000 in compensation for being unfairly dismissed by his employer. We review the impact of this decision and what employers can do next.

ICO’s Guidelines on Transparency When Using Health Data

The UK ICO has recently published guidelines on transparency in health and social care. We look at the implications for organisations, including those looking to use personal data for research.

Workplace Occupational Health and Safety in El Salvador

Occupational safety is applicable in all workplaces, both in public and private institutions. Their implementation is influenced by factors such as the number of workers, company activities, workplace facilities, etc. With the objective of guaranteeing an adequate level of protection against the different occupational health and safety risks for...

WLG | impact '24: SKS Takes on a Green Challenge

This year, SK&S took on the green challenge of planting trees. Over 10 days, our employees earned points for engaging in various sports activities.

Matt Hervey-New Co-Leader of WLG’s Intellectual Property Group, Gowling WLG (UK)

"I'm looking forward to hearing from all members about the trends they are seeing. I'm particularly immersed in SEP-FRAND and those areas of IP most affected by AI: patents, copyright and trade secrets.”

Gianni & Origoni Wins “Law Firm of the Year” at the 2024 Legal Community Corporate Awards

Gianni & Origoni was nominated "Law Firm of The Year" at the 2024 Legalcommunity Corporate Awards

The Digital Act for the Healthcare Sector in Germany: New Requirements for the Use of Cloud Computing Services in the Healthcare Sector

The Act to Accelerate the Digitalization of the Healthcare System (“Digital Act”) was announced on 26 March 2024. In Section 393 of the Fifth Social Insurance Code (“SGB V”) as amended, the Digital Act contains far-reaching regulations on the permissibility of cloud use in the healthcare sector, which will come into force on 1 July 2024....

Regulation of Influencer Advertising under Ukrainian Advertising Law: What’s New?

Since recently, activities of influencers have been attracting attention not only from users, but also from Ukrainian authorities (e.g., tax authorities). Until recently, placing advertisements within influencers’ videos, posts, stories, and messages was a grey regulatory area in Ukraine.

WLG | summit Bali '24 Host Firm Makarim & Taira S. Gives Back

WLG | summit Bali '24 Host Firm Makarim & Taira S. Gives Back Makarim & Taira S. (WLG member firm for Indonesia) has been a valued network member since 2012. A leading firm in the country for over 44 years, its team of over 90 lawyers offers a full range of corporate, banking, litigation, and specialist legal...

WLG | impact '24: Giving Back in Bali

As our first WLG | impact activity at a summit, delegates and guests at WLG | summit Bali '24 released baby sea turtles, an endangered species, from the beach shore into the Indian Ocean.

WLG | impact '24: Goodmans in Action–Spring Cleanup and Community Support for a Greener Toronto

This spring, Goodmans firm members once again participated in the City of Toronto's "Clean Toronto Together" litter collection initiative.

Supply and Service Contractors and Subcontractors Should Immediately Review the OFCCP’s First 2024 Pre-audit Corporate Scheduling Announcement List

In a departure from the 2023 methodology, the Office of Federal Contract Compliance Programs (OFCCP) targeted contractors with large employee populations. The OFCCP updated its Supply and Service Scheduling Letter and Itemized Listing last year. The new changes significantly expanded the audit scope and will require selected contractors who...

Vietnam’s Legal Framework for Sustainable Development

A summary of the latest legal developments in ESG, REC and Carbon Credits

Doing Business In

We asked our member firms around the globe to complete a short Q&A to help WLG colleagues and others learn more about them, how to successfully do business in their countries, key investment sectors, and what business opportunities are hot in the market right now. This guide was initially published in 2021. Several chapters have been updated in...

New Health & Prosecutions Partner, Fiona McNulty

We are pleased to expand our  Health & Prosecutions  team with the promotion of  Fiona McNulty  to partner. Fiona advises  technology  companies and other large organizations on their obligations in criminal and regulatory matters. Her extensive expertise in criminal law, from both a prosecution and...

What to Expect... From the New Pregnant Workers Fairness Act Regulations

The Pregnant Workers Fairness Act (PWFA) regulations issued by the EEOC become effective on June 18, 2024. Passed in 2023, the PWFA is a federal law that mandates employers provide reasonable accommodations for pregnancy, childbirth, or related medical conditions.

Local Steps to Global Impact–WLG | impact '24

Our firms are making a difference this year for WLG | impact '24 . Learn more about each project by clicking on the links below. Firms completed projects throughout the year to coincide with their own CSR initiatives or seasonal needs. *To read more, view photos, videos, and additional materials for a completed project, click on the...

EU Adopts AI Act – Key Components and Next Steps for Organizations

The EU has adopted a comprehensive regulation on artificial intelligence (AI) that aims to foster innovation, ensure trustworthiness, and protect fundamental rights. The regulation sets out harmonised rules and obligations for providers, deployers, and users of AI systems in the EU, as well as third-country actors whose AI systems affect the EU...

German Court Outlines Requirements for Insolvency Avoidance Due to Wilful Disadvantage to Creditors

In a recent decision, the German Federal Court of Justice (BGH) further outlined the requirements for the avoidance of a transaction under insolvency law on the grounds of wilful disadvantage to creditors pursuant to section 133 of the German Insolvency Code (InsO).

AIE Obligations for Renewable Energy Operators?

A recent Supreme Court decision indicates that private energy generators could be considered to be ‘public authorities’. As a result, they may be subject to the environmental information regulatory regime, which imposes significant obligations on ‘public authorities’ to make ‘environmental information’ available on request. We consider the...

Termination, Bond Calls and Architect’s Certificates

We examine a recent Commercial Court judgment dealing with termination under the RIAI Form of Contract and the contractual requirements for a making a subsequent call on a performance bond.

Report on the Role of the Data Protection Officer

The European Data Protection Board’s recent report on the role of data protection officers identifies several issues and ways in which shortcomings can be addressed by companies. We look at the key learnings and set out why companies should consider the report carefully before assessing their compliance position.

US Department of Treasury Amends Cuban Assets Control Regulations (CACR)

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented a final rule amending the Cuban Assets Control Regulations (CACR).

AI Aspects Related to the Implementation of the DSM Directive in Norwegian Law

Comments on the the Digital Singel Market Directive proposal and the accompanying proposed amendments.

Navigating Employee Inventions in Norway

A short look into to some of the most relevant issues that might arise for companies operating in Norway regarding the intersection of employee innovation and intellectual property rights.

Data Centres – The New Act Relating to Electronic Communications

A closer look at the effect of the Norwegian Ministry of Digitalisation and Public Governance Proposal on data centers.

WLG | impact '24: An impact in Shilla

Learn more about our latest volunteer initiative on behalf of three people with disabilities who could not move normally due to the poor condition of the floors in their homes.

OSFI Releases Annual Risk Outlook – Fiscal Year 2024-2025

On May 22, 2024, the Office of the Superintendent of Financial Institutions (OSFI) released its Annual Risk Outlook – Fiscal Year 2024 - 2025 (the “ARO”), which summarizes the current risk environment and underscores the primary risks facing Canada’s financial sector. The ARO outlines OSFI’s measures to maintain public confidence in Canada’s...

WLG | impact '24: Shall we Read? Strengthening Children's Reading Skills

Taylor Wessing (Germany) promotes reading among children with the LeseAllianz Foundation (Reading Alliance). Volunteer mentors read digitally with children using an app.

Paid Leave Entitlement and Medical Leave : New Rules and New Obligations for Employers

The new legal rules on paid leave entitlement during a medical leave, and on the taking of such leave, became effective in April 2024.

Anti-subsidy Investigation: EU Examines Possible Countervailing Duties for Chinese Electric Vehicles

In recent years, imports and the share of electric vehicles from Chinese manufacturers have been increasing in the EU. In the Commission's view, there is evidence that Chinese car manufacturers benefit from subsidies from the Chinese government and that this has a negative impact on European economic operators, i.e. leads to a distortion of...

SyCipLaw Shortlisted for Latest Benchmark Litigation Asia Pacific Awards

SyCipLaw Shortlisted for Latest Benchmark Litigation Asia Pacific Awards

SyCipLaw Nominated for Regional Law Firm of the Year in TrustLaw Awards 2024

SyCipLaw Nominated for Regional Law Firm of the Year in TrustLaw Awards 2024

New Corporate Partner, Angela Freeman

Martin Kelleher, Head of Corporate, with new partner Angela Freeman   We are pleased to announce the expansion of our  Corporate  team, with the promotion of  Angela Freeman  to partner. Angela brings a wealth of experience in the  Technology  and  Life Sciences  sectors. She has deep...

WLG | impact '24: Bruchou & Funes de Rioja's "Plastic-Free June and Plastic with Purpose" Project

As part of the WLG Impact 2024 initiative, Bruchou & Funes de Rioja will carry out the "Plastic-Free June and Plastic with Purpose" project, in which all its members will be called upon to fill bottles with hard-to-recycle and single-use plastic waste generated daily and collect them. These plastics include: bags, pasta packages, rice,...

PBOC Drafts New Payment Service Rules for Public Review

A quick review of People’s Bank of China’s latest draft rules for the new regulation on on-banking payment services.

Stephanie Consonni de Schryver: New Leader of WLG’s Intellectual Property Group, TozziniFreire Advogados (Brazil)

"The use of technology certainly brings challenges to intellectual property as is the case with discussions regarding AI platform databases. On the other hand, nowadays, we have many more tools available to help us monitor online infringements, for example, which allows us to offer broader protection to our clients."

Switching Off Local Content Requirements for Electricity Infrastructure

In response to rising demand for cleaner energy sources, Indonesia is easing local content requirements for electricity infrastructure projects, hoping the move will attract more foreign investment in renewable energy.

The Ministry of Health in Costa Rica Issues a Resolution Prohibiting the Use Marketing, and Sale of Vaporizers and Vaporizer Supplies

The Ministry of Health, by resolution MS-DM-RC-2381-2024, has prohibited the importation, use, marketing, and sale of vaporizers and liquids for these devices containing artificial nicotine or cannabinoids.

TozziniFreire Consolidates its International Strategy Expansion with the Establishment of Two New Desks

Italian and Portuguese Desks join the firm's other global practice groups

2024: Doing Business in South Africa

South Africa has a well-established democracy following its transition to democracy in 1994 and is a regional leader with a highly developed economy and advanced economic infrastructure. It is rich in natural resources, with a diverse economy that spans mining, agriculture, manufacturing, and services. Member firm ENS dives into opportunities...

National Congress Has Approved a Bill for the Control and Regulation of Energy Drinks in Honduras

The National Congress approved the Law for the Control and Regulation of Energy Drinks, which will regulate the sale of these beverages to protect the lives and health of minors in Honduras.

Investment Funds in Panama

Investment Funds in Panama are an attractive option for those interested in maximizing their financial assets and diversifying their businesses. In Panama, there are two types of funds, public and private, each with its legal particularities, which must be met before starting operations in the country.

Draft Bill on credit servicers and credit purchasers

Publication of the Draft Bill implementing the Directive on credit servicers and credit purchasers

Navigating Property Purchase in Costa Rica

A guide on the steps and recommendations to follow to get through a real estate transaction in Costa Rica as a first-time buyer.

The Crucial Role of the Private Sector in Sanitary Registration and Regulation in El Salvador

The sanitary registration in El Salvador ensures the quality and safety of regulated products. The private sector, the leading producer of these goods, actively participates in the compliance and development of technical regulations.

The Cumulative Voting System for the Election of Directors of a Panamanian Corporation

Effectiveness and benefits of cumulative voting system for the election of directors of a Panamanian corporation.

Irregular Companies and Actions By Interested Third Parties

Associate Carlos Fernández, lawyer in El Salvador, shares this article on the concept of irregularity in commercial companies in El Salvador and the legal implications of operating beyond the limits of their articles of association.

Indonesia Regulates Implementation of Carbon Capture & Storage Activities

Indonesia is now actively pursuing carbon capture and storage (“CCS”) as part of its strategy to address climate change and reduce carbon emissions. This advisory provides guidance on the framework for CCS activities under Presidential Regulation No. 14 of 2024 on the Implementation of Carbon Capture & Storage Activities (“PR 14/2024”), issued...

Mining Industry in Argentina: Advanced Technologies to Reduce Environmental Impact and Protect Water Resources

Reputational risk in the mining industry is a growing concern in a context world where water demand surpasses its availability in many regions worldwide, and the responsibility for preserving this vital resource falls on companies and authorities.

Choose France 2024: France’s Attractiveness Still at its Highest

The 7th Choose France Summit, held in May 2024, brought together nearly 200 foreign business leaders of 40 different nationalities.

WLG | impact '24: MinterEllison supports Homeless World Cup Bid

MinterEllison has been appointed the pro bono lawyers for Australia's bid to host the Homeless World Cup 2026.

Construction Contracts: Legal Perspectives for Successful Execution in the Republic of Guatemala

The content provides a detailed view of the importance and complexity of construction contracts in Guatemala. It highlights the need to understand the legal and technical provisions to ensure success in the execution of construction projects.

Gianni & Origoni Strengthens With the Arrival of Massimo Tesei and His Team

Rome, May 21, 2024 - International law firm Gianni & Origoni grows with the arrival of a team of five professionals led by Massimo Tesei. The additions, expected in the Milan office, strengthen the Corporate Law/M&A and Litigation and Arbitration departments.

Tony Barbuto- Tony Barbuto Delegate, WLG | regional New York ‘24, TozziniFreire Advogados (Brazil)

"For the past 25 years, I've been having fun (yes, fun!) representing clients in all types of disputes before courts, arbitral tribunals, and administrative bodies...at WLG | regional New York '24, I was very impressed with the event, its organizers, and its participants."

WLG | regional Helsinki '24

Explore session highlights on AI, client-firm relationships, networking, and more.

WLG | regional New York '24

Explore session highlights on AI, client-firm relationships, networking, and more.

Labour Code Amendments in Ukraine: Aligning with EU Directive Introduces M&A Complexity

Starting from 15 May 2024, transferors and transferees under equity and asset M&A deals involving Ukrainian undertakings are required to notify a primary trade union organisation or, in the absence of the latter, elected representatives of a work collective about:

Sneak Preview: Unveiling Indonesia’s Upcoming Franchise Regulation

Indonesia’s franchise regulatory framework has undergone significant development since its inception in 1997. It now consists of two simplified regulations: Government Regulation No. 42 of 2007 on Franchising (“GR 42/2007”) and Minister of Trade Regulation No. 71 of 2019 on the Implementation of Franchising.

2024 Regional Roundtable Update: Israel

A snapshot of the political environment and potential for international collaborations in Israel, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Portugal

A snapshot of the political environment and potential for international collaborations in Portugal, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Poland

A snapshot of the political environment and potential for international collaborations in Poland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Ireland

A snapshot of the political environment and potential for international collaborations in Ireland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: England

A snapshot of the political environment and potential for international collaborations in England, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Spain

A snapshot of the political environment and potential for international collaborations in Spain, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Switzerland

A snapshot of the political environment and potential for international collaborations in Switzerland, shared at the 2024 regional conference.

2024 Regional (EMEA) Roundtable Update: Germany

A snapshot of the political environment and potential for international collaborations in Germany, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Finland

A snapshot of the political environment and potential for international collaborations in Finland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Denmark

A snapshot of the political environment and potential for international collaborations in Denmark, shared at the 2024 regional conference.

2024 Regional (EMEA) Roundtable Update: Greece

A snapshot of the political environment and potential for international collaborations in Greece, shared at the 2024 regional conference.

Sayenko Kharenko Acts as Legal Counsel to the Export and Capacity Building Consultation Project Participants

Sayenko Kharenko is proud to announce its participation in the Export and Capacity Building Consultation Projectю The project is implemented by the USAID Competitive Economy Program in Ukraine. As part of the initiative, the firm will provide online consultations to enhance the export potential of Ukrainian companies, particularly those in the...

WLG | impact '24: Gianni & Origoni Presents #UGUALEPERTUTTE

Gianni & Origoni renews its commitment in the fight against gender violence and presents #UGUALEPERTUTTE, a project based on long-term initiatives. The aim is to counter the phenomenon of violence against women in all its forms with concrete actions as well as provide real and tangible support by identifying preventive tools and remedies.

Merger Control: Exemption for Military & Defense Transactions

On 14 May 2024, the President of Ukraine signed an amendment introducing a temporary exemption from the merger filing requirement for concentrations aimed at the development and production of new technologies and goods for the Ukrainian military industry.

Chile: Investment Opportunities in the Lithium Industry

In March 2024 the government made some announcements related to the lithium exploitation on salt flats in Chile, all within the Chilean lithium national strategy. Private investors will be able to participate in the exploration and or exploitation of lithium deposits.

2024 Regional Roundtable Update: Argentina

A snapshot of the political environment and potential for international collaborations in Argentina, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Brazil

A snapshot of the political environment and potential for international collaborations in Brazil, shared at the 2024 regional conference.

2024 Regional (Americas) Roundtable Update: Germany

A snapshot of the political environment and potential for international collaborations in Germany, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Mexico

A snapshot of the political environment and potential for international collaborations in Mexico, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Dominican Republic

A snapshot of the political environment and potential for international collaborations in the Dominican Republic, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Georgia-USA

A snapshot of the political environment and potential for international collaborations in Georgia, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Washington-USA

A snapshot of the political environment and potential for international collaborations in Washington, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Texas-USA

A snapshot of the political environment and potential for international collaborations in Texas, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Uruguay

A snapshot of the political environment and potential for international collaborations in Uruguay, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Cayman Islands

A snapshot of the political environment and potential for international collaborations in the Cayman Islands, shared at the 2024 regional conference.

2024 Regional (Americas) Roundtable Update: Greece

A snapshot of the political environment and potential for international collaborations in Greece, shared at the 2024 regional conference.

German Court Finds that the Presumption of Knowledge in Contestation Claims Extends to Indirect Shareholders

According to the German Federal Court of Justice (the Court), a “related party” (nahestehende Person) within the meaning of German insolvency law includes in the case of a legal entity, an indirect shareholder, provided that it holds more than 25% of the shares. Here, the Court will assume that the legal entity has advance knowledge of the...

WLG | impact '24: Giving Back in Helsinki

Recently, Castrén & Snellman (C&S) hosted WLG | regional Helsinki '24 , bringing together colleagues from 17 member firms with business interests in the EMEA region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part...

WLG | impact '24: Giving Back in New York City

Did you know that the average family in the United States will spend nearly USD 600 per child in preparation for their back-to-school season? During WLG | regional New York '24, our delegates made a positive local impact through a backpack and supplies donation activity. Along with graciously offering space in their New York offices, Locke...

WLG | impact '24: Sayenko Kharenko Organized Charitable Initiatives

Sayenko Kharenko, in cooperation with the Breathe Charity Fund, organised charitable initiatives, which aimed to improve the quality of life for underprivileged communities and promote social welfare.

WLG | impact '24: Hergüner Partners With Their Local Community

We actively engage with our local communities through pro bono legal services, volunteer initiatives, and partnerships with non-profit organizations that promote access to justice, education, and social welfare. We provided pro bono legal advice to SDG Outcomes Fund, a specialist impact investment fund, on a government-funded results-based...

Soulier Avocats Recommended by the Legal 500 EMEA 2024

We are pleased to announce that, for the seventh year in a row, our firm is recommended by the Legal 500 Europe, Middle East and Africa in the “Environment” practice area,

Oz Looks a Little Scary as State and Federal Law Look to Regulate the AI Wizard in Employment

A recent study by SHRM shows that approximately 26% of organizations use Artificial Intelligence to support Human Resource-related activities. As AI adoption quickens and its use expands, employers must be mindful of compliance obligations.

WLG | impact '24: CMS Switzerland's Office Building Refurbishes to Zero Emissions

CMS Switzerland is making a difference for WLG | impact . The firm's office building was completely refurbished. When negotiating with the owner, the energy-saving measures were also key in their decision to return to our prior premises.

WLG | impact '24: CMS Switzerland Signs Agreement With Mr. Green

CMS Switzerland is making a difference for WLG | impact . The firm has signed an agreement with Mr. Green, a company specializing in offices and household recycling.

Thailand: Chandler MHM hires leading capital markets lawyer in Thailand

Chandler MHM announced the hire of Doungporn Prasertsomsuk as a partner and co-head of its capital markets practice.

Brazil: TozziniFreire is among the firms with the highest number of women working on M&As in Brazil

The Women Leaders in M&A report, produced by TTR and iDeals platforms, shows the professionals who stood out in the transactional market last year.

Bhuvana Veeraragavan- Delegate, WLG | regional Bangkok ‘24, AZB & Partners (India)

"At WLG | regional Bangkok '24, I found the session on 'How Allied Firms Can Serve A Client Together and Effectively' by Ms. Peangpanor Boonklum particularly engaging. Ms. Boonklum shared practical insights on managing client expectations when allied firms collaborate, drawing from her extensive experience working with different firms."

New Zealand: M&A Forecast 2024

Canada: FINTRAC Advisory Concerning Financial Transactions Related to High-Risk Countries Identified by FATF

On April 29, 2024, the Financial Transactions and Reports Analysis Centre (FINTRAC) issued an updated advisory (the “Advisory”) concerning financial transactions related to countries identified by the Financial Action Task Force (FATF) as high-risk jurisdictions and under increased monitoring.

WLG Upcoming Events

World Law Group has numerous opportunities for you to connect virtually with your WLG colleagues over the next two months! RSVP below for upcoming events.

United States: Breaking Down the FTC Rule Banning Non-Competes: What Employers Need to Know

The Federal Trade Commission (FTC) has voted to publish its final rule banning most worker non-compete agreements. If and when the rule becomes effective, it will ban non-competes going forward.

Argentina: Posco Argentina Secures $668 Million Loan with Alfaro Abogados Advising on Argentine Law

Posco Argentina secures loan of up to USD 668,000,000 for the construction and development of phase 2 of its lithium project. This loan represents a crucial milestone for Posco in consolidating its lithium business in Argentina.

United States: History in the Making: Conservatives Work Quickly to Challenge FTC’s Final Rule Banning Noncompete Agreements

At least two U.S. federal lawsuits are challenging the FTC’s final rule that would ban nearly all noncompete agreements, with more complaints expected.

United States: Key U.S. District Court Ruling: Plaintiff's Challenge to DEI Program Under Section 1981 Fails When She Lacked Standing Because She Did Not Apply

The America First Legal Foundation filed suit on behalf of the plaintiff. This case is similar to many other challenges to DEI programs in that the lawsuit was being brought by a plaintiff who has not applied to the program at issue. The court found that the plaintiff did not have standing to bring a claim derived from an allegedly...

Highlights of the Evolving Landscape of Data Protection in APAC

Takeaways from a recent Privacy & Data Protection meeting.

WLG | regional Bangkok '24

Key conference insights: Honesty, integrity, and effective client service are crucial in law firm success.

Sayenko Kharenko won the IFLR National Law Firm of the Year Award for Ukraine for the eighth time

According to the International Financial Law Review (IFLR) 2024, Sayenko Kharenko has been recognised as the winner of the “National Law Firm of the Year for Ukraine” award. 

WLG | impact '24: Giving Back in Bangkok

Recently, CMHM hosted WLG | regional Bangkok '24 , bringing together colleagues from 10 member firms with business interests in the Asia-Pacific region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part of WLG | impact's...

France: Formality Requirements Governing the Assumption of Pre-incorporation Contracts are Abolished

In three rulings issued on November 29, 2023, the French Supreme Court reversed it case law on the requirements governing the assumption of pre-incorporation contracts.

Argentina: Strategic Frameworks for AI Utilization in Business: Ensuring Ethical and Efficient Practices

The immediate success of ChatGPT, with over a million users within a month of its launch, underscored its potential impact and highlighted the need for regulation. To prevent misuse by employees or business partners, it's crucial for organizations to establish a comprehensive AI Usage Policy.

2024 Regional Roundtable Update: China

A snapshot of the political environment and potential for international collaborations in China, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Vietnam

A snapshot of the political environment and potential for international collaborations in Vietnam, shared at the 2024 regional conference.

Singapore

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2024 Regional Roundtable Update: Philippines

A snapshot of the political environment and potential for international collaborations in the Philippines, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Malaysia

A snapshot of the political environment and potential for international collaborations in Malaysia, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Indonesia

A snapshot of the political environment and potential for international collaborations in Indonesia, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Taiwan

A snapshot of the political environment and potential for international collaborations in Taiwan, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Japan

A snapshot of the political environment and potential for international collaborations in Japan, shared at the 2024 regional conference.

2024: Doing Business in USA COPY

A government initiative to promote non-carbon generating renewable energy has provided ample opportunity for foreign investment in renewable energy projects in Japan. Member firm City-Yuwa Partners also share that the legal system is business-friendly in that the country does not have discovery or class-action lawsuits and, overall, is not...

Vladimir Sayenko- WLG Key Contact Partner, Sayenko Kharenko (Ukraine)

"Joining WLG provides an excellent opportunity to strengthen relationships with top independent law firms globally, engage our lawyers in cross-border professional and business development, and learn more about international best practices in the legal profession.”

2024: Doing Business in Japan

A government initiative to promote non-carbon generating renewable energy has provided ample opportunity for foreign investment in renewable energy projects in Japan. Member firm City-Yuwa Partners also share that the legal system is business-friendly in that the country does not have discovery or class-action lawsuits and, overall, is not...

EDPB Emphasises the Importance of Free Consent in "Consent or Pay" Models

At the request of the Dutch, Norwegian and German (Hamburg) supervisory authorities to the European Data Protection Board ("EDPB"), the EDPB has addressed the issue of providing clarity on the implementation of "consent or pay" models considering Meta's business model. These models are particularly relevant for large online...

OJK Mandates Reporting of Share Pledge Activities by Shareholders in Public Companies

Shareholders in public companies in Indonesia will be required to disclose share pledge activities, following the issuance of a new regulation by the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”). This regulation aims to enhance transparency and regulatory oversight within the country’s publicly-listed companies.

China: Antitrust and Competition Update (2024 Q1)

Zhong Lun is pleased to bring you updates on PRC antitrust legislation and enforcement during the frist quarter of 2024.

El Salvador: How Is Your Company Preparing to Implement the Early Childhood Care Centers?

Private sector employers with 100+ employees must ensure worker's children access Early Childhood Care Centers. Deadline extended to Jan 2024 by Congress, allowing time for compliance planning and identifying suitable modalities.

Canada: Budget 2024 Announces Additional Measures to Combat Financial Crime

In Budget 2024, the Government of Canada announced its intentions to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the Criminal Code, the Income Tax Act, and the Excise Tax Act, and to take additional measures to strengthen the supervision, enforcement, and...

Canada: Obligations and Opportunity - Budget 2024’s Impact on the Blockchain Industry

As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities.

Nicaragua: Essential Aspects of the Law Appointing a New Enforcement Authority for the Nicaraguan Real Estate Brokerage Law

Essential aspects of the law appointing a new enforcement authority for the Nicaraguan real estate brokerage law.

Panama: Amendments to Regulation on Permanent Residence Permit in Panama as a Qualified Investor Soon to Be Enforceable

As of October 15, 2024, new changes to the subcategory of Permanent Resident as Qualified Investor will be in force within the migratory category of Permanent Resident for Economic Reasons, as ruled by Executive Decree 109 of October 13, 2022.

Guatemala: Implementation of the New Compliance Stage in the Wastewater Regulation as of May 1, 2024

As of May 1, 2024, Guatemala enters the new stage of compliance with the Wastewater and Sludge Disposal Regulations that establish more demanding maximum limit parameters.

France: Latest News in French Labor and Employment

In recent weeks, the French Supreme Court has issued a number of rulings providing useful clarification on issues such as inexcusable fault, mutual separation agreements, harmful management practices, and employees’ right to rest.

Digital Transformation: The legal Impact of Chatbots on Company-Customer Interaction

A notable failure by Air Canada highlights the legal and ethical repercussions of improper chatbot implementation. In this article, we will closely examine this specific case, which involves the communication of inaccurate information by an airline's chatbot.

Coming Soon: Indonesia’s Personal Data Protection Agency

One of the forthcoming developments from the enactment of Indonesia’s Personal Data Protection Law (PDP Law) on 17 October 2022 is the establishment of a new data protection institution that will be formed by and directly accountable to the president.

Brazil: TozziniFreire increases its participation in buy-side operations in the 1st quarter of the year

Recent report released by Transactional Track Record shows the highlights of the transactional market.

Data Breaches Not Excused by Employee Error

In case C-741/21 (JURIS), the Court of Justice of the European Union recently answered important questions regarding liability for data breaches, the assessment of damages and the influence of human error on liability. The decision confirms and builds on recent case law. Nevertheless, the decision provides an opportunity to clarify the...

AZB & Partners recently advised the President of India acting through the Ministry of Coal

AZB & Partners recently advised the President of India acting through the Ministry of Coal (“Seller”), for the sale of 97,064,662 equity shares aggregating to approximately 7.00% of the total paid-up equity share capital of NLC India Limited for an aggregate amount of INR 20.58 billion. The sale took place by way of the offer for sale through...

The Ministry of Commerce of China Publishes FAQs regarding Export Control of Graphite Products

On October 20, 2023, the Ministry of Commerce and the General Administration of Customs of China jointly issued Circular No. 39 of 2023 titled the “Circular on Optimizing and Adjusting Temporary Export Control Measures for Graphite Items”.

Brazil: Article co-authored by partner Vivian Fraga is awarded at the Antitrust Writing Awards 2024

The award aims to highlight innovative initiatives that promote a culture of competition and compliance with antitrust laws

Planned Guidelines Regarding "AI liability" - Cause for Contractual Regulations?

The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly. But what happens if AI systems violate these requirements and cause damage? Unlawful behaviour is naturally difficult to attribute to AI systems...

Building Your Career Advisory Board: Tactics for Taking Control of Your Career

Takeaways from a career development session facilitated by Lauren Heron (MinterEllison) on taking ownership of your career trajectory.

AZB & Partners Advised H.I.G. Capital

AZB & Partners advised H.I.G. Capital on the Indian aspects of its proposed acquisition of the Alight Inc.’s axiom business (i.e. payroll and professional services business) for a consideration of USD 1.2 billion.

Germany: Planned guidelines regarding "AI liability" - cause for contractual regulations?

The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly. If AI systems violate these requirements it is difficult to attribute unlawful behaviour to AI systems.

United States: White House, Congress, and Federal Agencies Move to Limit Foreign Adversaries' Access To Sensitive Personal and Government Data

In late February, President Biden issued an Executive Order titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern” (Order).

Spain: Labor and Employment Newsletter | First Quarter 2024

The first quarter of 2024 is characterized by rising social costs and relevant legal developments

United States: How to Protect Your Talent From the Competition: New Challenges Imposed by Washington’s Law Regulating Noncompete and Nonsolicitation Covenants

Businesses operating in Washington state that require their employees or contractors to comply with noncompete or customer nonsolicitation covenants should review their agreements to avoid claims and penalties when significant changes to state law become effective on June 6, 2024.

AZB & Partners advised TotalEnergies Renewables Singapore Pte Limited on its 50:50 joint venture with Adani Green Energy Limited

AZB & Partners advised TotalEnergies Renewables Singapore Pte Limited on its 50:50 joint venture with Adani Green Energy Limited. The new joint venture will own a 1,050 MW portfolio comprising a mix of already operational (300 MW), under construction (500 MW) and under development assets (250 MW) with a blend of both solar and wind power....

Argentina: Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Counsels

Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Counsels.

Germany: No right of avoidance for German insolvency administrators acting in breach of good faith

An insolvency administrator's right to restitution can be forfeited if if they are prevented from exercising the right in good faith by their conduct in the context of the conclusion of a redemption agreement.

Philippines: J&T Express IPO Wins Equity Deal of the Year at 2024 IFLR AP Awards

SyCipLaw was Philippine counsel to J&T Global Express. The team was led by SyCipLaw partner, Arlene M. Maneja, together with partners Melyjane G. Bertillo-Ancheta, Ronald Mark C. Lleno, Franco Aristotle G. Larcina, Leah C. Abutan, and Camille Angela M. Espeleta-Castillo. Other team members included Loubelle L. Razon-Bagagnan, Mark Kevin U....

Philippines: SyCipLaw Announces Appointment of Retired Partner Rafael L. Encarnacion as Of Counsel

SyCipLaw Announces Appointment of Retired Partner Rafael L. Encarnacion as Of Counsel

Philippines: Tax TIPS - Vol. 30

SyCipLaw's Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for February.

Sean Yu Chou- WLG Key Contact Partner, WongPartnership (Singapore)

"One particular area that I would like WLG to develop further would be thought leadership in contemporary legal matters, such as investor–state dispute settlement (ISDS). There is a lot that member firms can learn from each other, and the vast resources that all of us have could and should be fully harnessed. "

Philippines: SyCipLaw BFS Team Visits PSE for Training Activity

SyCipLaw BFS Team Visits PSE for Training Activity

Norway: Harmonized standards & right to access

A look into how the Court of Justice of the European Union's judgment relating to the rights of access to harmonised standards may impact purchasers and manufacturers of products regulated by product safety regulations.

Guatemala: How Can I Protect the Shape of a Product or Its Container or Packaging?

In Guatemala there are ways to protect the innovative developments of companies in terms of the shape and packaging of products, so that companies can explore these forms of protection to add value to their products.

Norway: Cryptoassets trading – a brief status

A closer look at a recent crypto case, the so-called FTX scandal as well as a presentation of the current status of legal regulation of the trading of crypto assets.

Norway: Data Act & Trade Secrets

A brief comment on how data holders' protection of trade secrets is addressed under the Data Act.

AZB & Partners advised Matrix Clothing Private Limited and Matrix Design & Industries Private Limited

AZB & Partners advised Matrix Clothing Private Limited (MCPL) and Matrix Design & Industries Private Limited (MDIPL) on Gokaldas Exports Limited’s (GEL) acquisition of 100% of the equity share capital of MDIPL, from MCPL and its nominee, in exchange for shares of GEL and cash. Our deal team comprised of our Senior Partners Vinati Kastia...

United States: WA DOR Updated Guidance on the Administration of the Tax: In the Shadow of the November Ballot Initiative to Repeal the Entire Tax

The Washington Department of Revenue continues to update its guidance on Washington’s excise tax on long-term capital gains, resulting in the most recent proposed rule, WAC 458-20-301. There are several important changes from the last iteration of the proposed rule.

United States: Telemarketing Sales Rule Changes Remove Exception for Business-to-Business Calls and Impose New Recordkeeping Requirements

Telemarketing Sales Rule Changes Remove Exception for Business-to-Business Calls and Impose New Recordkeeping Requirements

AZB & Partners advised Standard Chartered Bank

One more for #ImpactFinancing! AZB & Partners advised Standard Chartered Bank and other offshore consortium lenders on its #socialloan to Muthoot Microfin Limited. Our deal team comprised of Senior Partner Anand Shah, Partner Hufriz Wadia, Associates Shivani Agarwal, Neeraj Nainani and Kareena Sobti, with execution assistance from our Chennai...

WIPO ALERT initiative in Ukraine – what copyright and related rights holders should know

The Procedure for the Formation and Maintenance of the National List of Websites Raising Concerns Regarding the Observance of Intellectual Property Rights (the “Procedure“) came into force on 21 March 2024.

Costa Rica: Are You an Independent Contractor?

Relevant information about applicable regulations, so that independent contractors can regularize their status as a contributor to Social Security.

Philippines: Tax TIPS - Vol. 30

Tax TIPS - Vol. 30

Costa Rica: Different Migratory Alternatives for Incorporating Foreign Talent Residing in Costa Rica into Your Operation

This article explains the immigration categories available for employers who wish to incorporate international talent as part of their workforce, as well as for those foreigners who wish to work from Costa Rica for their employers located abroad.

United States: Beyond the Thanksgiving Dinner Table: Washington Legislature Bans Mandatory Captive Audience Meetings for Politics and Religion

Employers are banned from mandating, under threat of discipline, that employees attend meetings or speeches regarding religious or political matters under the “Employee Free Choice Act” passed by Washington’s Legislature and signed by Governor Inslee. The law becomes effective on June 5, 2024.

Indonesia: Refining Digital Financial Innovation: New OJK Regulation aims to enhance Regulatory Sandbox

Almost six years ago, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced a new regulation on digital financial innovation (inovasi keuangan digital – “IKD”) in financial services (“POJK 13/2018”).

Ukraine: 'MADE IN UKRAINE' trademark. First Public Collective Trademark? With Cashback

According to Article 8 of the Ukrainian Advertising Law, it is expressly forbidden to misleading use or imitate the State Flag of Ukraine in advertising.

AZB & Partners acted for Main Street Capital Corporation

AZB & Partners acted for Main Street Capital Corporation on Indian aspects of its acquisition (through its portfolio company Gulf Manufacturing LLC) of the Maass Global Group - a global leader in the manufacture and distribution of flanges and specialty forged products. Our deal team comprised of our Senior Partner Srinath Dasari, Partner...

Brazil: TozziniFreire is one of the leading law firms in Brazil in 2023

A research released by Latin American Corporate Counsel Association shows the evolution of the firm, which raised its position in the Top 10 ranking

Canada: Public Safety Canada Releases Updated Guidance on Modern Slavery Reporting Obligations

The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain entities to combat forced labour and child labour.

Germany: The EU AI Act and general-purpose AI

The EU AI Act is about to pass the finishing line. “General-purpose AI”, also called foundation models in debates, have been the subject of debate in the last months. Machine-learning based models are trained on broad data at scale and may form the basis for a range of downstream systems.

2024: Doing Business in Indonesia

Indonesia is going green! From developments in natural resources sectors, primarily driven by the government's goal of transitioning to electric vehicles and reducing carbon emissions, to solar energy initiatives, hydropower projects, and adopting carbon capture and storage in oil and gas projects, the country has a robust environmental focus...

2024: Doing Business in Turkey

Turkey is politically stable and can potentially turn a predicament into an opportunity, given its strategic geographic location. The country also has a young and well-educated population, relatively inexpensive labor, and favorable exchange rates– an inviting combination for foreign investors who are looking to expand into new jurisdictions....

2024: Doing Business in Finland

Finland’s political stability, low corruption levels, and transparent legal system create a secure business environment. The country is also a global leader in green technology, health and welfare, and data and technology, thanks to its innovative approach and expertise in these fields. Culturally, Finns are very punctual and direct. Learn more...

2024: Doing Business in the Cayman Islands

As the Cayman Islands continue to position themselves as leaders in FinTech and Blockchain, member firm Campbells has naturally seen significant growth in these practice areas. Learn more about the firm and what opportunities this jurisdiction holds by Doing Business in the Cayman Islands.

AZB & Partners acted for Warburg Pincus and its controlled portfolio company Avanse Financial Services

AZB & Partners acted for Warburg Pincus and its controlled portfolio company Avanse Financial Services (‘Avanse’) on the recent fund raise where Abu Dhabi’s Mubadala Investment has deployed approx. INR 900 crore of primary capital into Avanse. This round also had Avendus PE subscribe to approx. Rs. 100 crores of primary capital of Avanse. Our...

Germany: OLG Nuremberg on the unjustified accusation of abuse of rights in the case of a warning letter

A recent decision by the Higher Regional Court of Nuremberg dated 18 July 2023 (Ref.: 3 U 1092/23) deals with a formal warning of a competitor that was wrongly classified as an abuse of rights in relation to advertising for dietary supplements.

Argentina: Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Consultants

Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Consultants

Germany: BGH: Bacterial cultures are not foods for diet management

A decision by the Federal Court of Justice on 13 July 2023 (Ref: I ZR 68/21) deals with the prohibition of the marketing and advertising of capsules containing intestinal bacteria with the claim "for diet management".

Germany: OLG Karlsruhe on advertising with the skin compatibility of a disinfectant

A decision by the Higher Regional Court of Karlsruhe from 9 November 2022 (Ref.: 6 U 322/21) deals with the advertising of a disinfectant hand foam with claims regarding skin compatibility.

Germany: Important for start-ups: Confidentiality Agreements and Material Transfer Agreements (MTAs)

A crucial step for start-ups on the road to success is ensuring that their innovations and trade secrets are adequately protected. In an increasingly competitive business world, confidentiality agreements and material transfer agreements (MTAs) have become indispensable tools.

Germany: OLG Hamburg on the inadmissibility of issuing pharmaceutical prescriptions over the internet

In its reference decision of 15 August 2023 (Ref.: 5 U 93/22), the Hanseatic Higher Regional Court of Hamburg ruled on the issuing of prescriptions for prescription-only medicines over the internet by doctors who have not previously treated the patient.

Philippines: SyCipLaw Co-Sponsors PIArb’s Annual Golf Tournament

The Philippine Institute of Arbitrators (PIArb) recently held its annual golf tournament at the Tagaytay Highlands Golf & Country Club co-sponsored by SyCipLaw.

Ukraine: Highlights of Antitrust Enforcement: Annual Report 2023

In the third year of the full-scale war in Ukraine, the Antimonopoly Committee of Ukraine (the "AMC") actively operates and maintains control over the competition law enforcement.

Germany: The New Product Liability Directive: Software as a Product

Almost 40 years after it came into force, the European Union is undertaking a major revision of the Product Liability Directive (Directive 85/374/EEC). The aim of this reform is to adapt the standards to the conditions and needs of the digital single market.

Intellectual Property in the Honduran Sports Industry

Broadcasting sports events provides high-quality entertainment to the audience, thanks to their wide viewership and significant popularity.. To broadcast on sports channels, it is essential to adhere to legal guidelines to ensure the protection of Intellectual Property Rights.

PANAMA: MANDATORY ISSUANCE OF ELECTRONIC INVOICES IN PANAMA

Law 256 of November 26, 2021, seeks to accomplish new tax trends, aiming at the full implementation of electronic invoicing in Panama.

NICARAGUA: OFFSHORE WIND FARMS: LEGAL CHALLENGES IN THEIR POTENTIAL DEVELOPMENT

This Newsletter addresses the essential legal aspects to be considered for the development of potential offshore wind farms in Nicaragua.

EL SALVADOR: OPERATION OF SIMPLIFIED SHARES COMPANIES IN EL SALVADOR

Operation of Simplified Stock Companies in El Salvador, just over 1 month after the entry into force of the reforms to the Commercial Code that create this type of company within the country.

Honduras: THE HONDURAN INSTITUTE OF SOCIAL SECURITY (IHSS) AMNESTY - RELIEF FOR HONDURAN CONTRIBUTORS

The National Congress approves amnesty for surcharges, fines, and interest on debts arising from non-payment of employer and worker contributions.

Guatemala: Towards a New Consumer Protection Law

A bill for a new consumer protection law currently being discussed in the Guatemalan Congress aims to establish a more comprehensive and effective consumer and user protection system.

Costa Rica: Changes to the UBA Report in Costa Rica

The main changes to the submission of UBO report that will enter into force this year are: 1. Inclusion of new reporting parties, 2. Elimination of the use of special powers of attorney for filings, and 3. New guidelines for due diligence and custody of information.

Spain: Doing Business in Spain | 2024 Edition

This guide provides an overview of key legal aspects for foreign investors interested in investing in Spain. It is not intended to be comprehensive, but to address practical issues that will help investors considering an investment project in Spain.

Nicaragua: Branches of Foreign Companies: Their Limited Regulation, and Practical Realities

In the practical reality of the Nicaraguan business environment, branches of foreign companies face different challenges due to the lack of regulation and its practical treatment.

Indonesia: Game On: New Regulation Targets Greater Slice of Gaming Industry Profits

From the days of traditional board and card games to the multitude of video game options available today, the gaming industry has become a massive revenue generator. In Indonesia, the lion’s share of gaming revenue ends up abroad.

Costa Rica: March 22: World Water Day

Costa Rica | Ensuring universal access to clean water and sustainable management practices are imperative for a future where "Water for Peace" is not just a slogan but a tangible reality.

Nicaragua: Benefits of a Comprehensive System of Good Compliance Practices in Companies

Nicaragua | In our new article published in the Arias Knowledge Center by Associate Maryeling Guevara, get informed on the details of good compliance practices under a comprehensive system and their benefits for companies.

France: Circular economy: Provisional agreement on the “right to repair” Directive

The Council and the European Parliament have reached a provisional deal on a Directive that promotes the repair of broken or defective goods, also known as the right-to-repair (or R2R) Directive) .

Philippines: SyCipLaw Announces Re-Appointment of Carina Laforteza as Tax Department Head

SyCipLaw is pleased to announce the re-appointment of Ms. Carina C. Laforteza as the head of the firm's Tax department, which practice group she has led since 2020. Ms. Laforteza is a certified public accountant with over 30 years of extensive experience in corporate and tax matters, including transaction structuring, finance, and tax...

Brazil: TozziniFreire's expertise in ESG and D&I was awarded at the Chambers Brazil Awards 2024!

The awards recognise a law firm’s pre-eminence in key jurisdictions in the region. They also reflect achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.

Germany: Early IP Strategy for Life Sciences Start-Ups Pays off

Protection of intellectual property (IP) is a key factor for the success of start-up companies. IP rights particularly become relevant for the acquisition of funding and the financial success of such start-ups, cf. overview of Zhangabylov et al. 2022 or Häussler et al. 2012.

Germany: Fresh Liability Rules for New Products?

The new EU Product Liability Directive is about to be formally adopted. It will replace the existing Product Liability Directive 85/374/EEC from nearly 40 years ago. Since 1985, the manufacture and sale of products has changed considerably.

Brazil: TozziniFreire joins together two practice areas to work on sanctioning administrative proceedings

Banking and White-Collar Crimes practices jointly act to meet an increasing demand in administrative sanctioning proceedings initiated by financial market regulators

Seongsoo Kim- New WLG Key Contact Partner, Bae, Kim & Lee LLC (South Korea)

"The Korean financial supervising authority is very aggressive nowadays in tracking down financial institutions' wrongdoings and 'immoral marketing practices' in the name of consumer protection. It brings about various kinds of civil and criminal disputes for our clients, domestic or abroad, to cope with."

Thailand: Blockchain Technology Development Trends: Bitcoin and beyond

We set out in our newsletter our observations about blockchain technology developments globally and prospects for such technologies in Thailand.

United States: Hunton Andrews Kurth Represents Parker Wellbore in Strategic Collaboration with TDE Digital Gmbh

Hunton Andrews Kurth Represents Parker Wellbore in Strategic Collaboration with TDE Digital Gmbh

Panama: Share Capital: Shares With or Without Nominal Value?

A survey of the alternatives to incorporate Panamanian corporations with or without nominal value shares, their legal framework, differences, advantages, challenges, and analysis when deciding the best option.

Italy: Changes in Corporate Governance at Gianni & Origoni

The Shareholders' Meeting of the international law firm Gianni & Origoni has made a number of changes to the firm's Governance, with the aim of pursuing an even greater transparency and effectiveness in the management of the firm.

Thailand: Amendments to the Listing Rules Elevate Financial and Operational Performance of Companies to be listed on SET & MAI

To enhance investor confidence and fortify the Thai capital markets, the Stock Exchange of Thailand (SET) has recently implemented a comprehensive revamp of its listing regulations, set to take effect on 1 January 2025.

Thailand: Revising the C (Caution) Sign Posting: Updates from the SET

The Stock Exchange of Thailand (“SET”) has revised its regulation with regard to C (Caution) sign posting, which will come into force from 25 March 2024 onwards.

El Salvador: Leveraging the Technological Revolution: Opportunities and Legal Considerations

Companies can successfully leverage the technological revolution, from implementing artificial intelligence and chatbots and promoting innovation in El Salvador but should also keep in mind the importance of specialized legal assistance in navigating the regulatory challenges.

Thailand: FDI Landscape: Emerging Trends and Potential Exemptions

Most countries now have adopted varying degrees of FDI restrictions, depending on their economy’s competitiveness, and particular concerns over national security.

Spain: Restrictions on housing rental prices

New reference prices indexes for the lease of residential properties are published.

Thailand: Developments in Thailand's Climate Change Bill

The Department of Climate Change and Environment ("DCCE") of the Ministry of National Resources and Environment has made progress with the draft Climate Change Act ("Bill"), as public hearings in respect of the Bill are organized in various parts of the country and will conclude soon.

Thailand: Unveiling the New Proposed Principles for Green Investment Trusts (GITs)

In an effort to foster environmentally conscious investments in Thailand, the Securities and Exchange Commission of Thailand (“SEC”) has introduced principles governing the establishment of investment trusts dedicated to forestry and tree-planting initiatives – the Green Investment Trusts.

Sayenko Kharenko is among the top two law firms in Ukraine in Chambers Europe 2024

Sayenko Kharenko has traditionally been highly recognised in the prestigious international ranking Chambers Europe 2024. This year’s research has highlighted the firm’s achievements in all practices researched in Ukraine and recognised eight lawyers in their practice areas.

Indondesia: Makarim & Taira S. Appoints Reagan Roy as Newest Partner

JAKARTA, INDONESIA, 15 March 2024 — Makarim & Taira S., a leading law firm known for its commitment to nurturing top legal talent, proudly announces the appointment of Reagan Roy as its newest Partner.

Spain: Receiving electronic summons for companies

Companies must be prepared to receive summons electronically from March 20.

AZB & Partners represented the RBI appointed Administrator of SREI Infrastructure Finance Limited & SREI Equipment Finance Limited

AZB & Partners represented the RBI appointed Administrator of SREI Infrastructure Finance Limited & SREI Equipment Finance Limited (SREI Group) in the SREI Group’s successful takeover by National Asset Reconstruction Company Limited (NARCL) under the provisions of the Insolvency and Bankruptcy Code, 2016, thereby resolving approximately INR...

AZB & Partners acted for Accenture

AZB & Partners acted for Accenture on its proposed acquisition of Mindcurv, a leading company providing end-to-end digital experience services, to help expand its composable commerce capabilities. Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer and Partner Vasudha Asher, Associates Shivam Gupta, Freya Irani and Rimjhim...

United States: Hunton Andrews Kurth Represents The Artemis Fund as Investor in Series Seed Financing of Gemist Inc.

Hunton Andrews Kurth Represents The Artemis Fund as Investor in Series Seed Financing of Gemist Inc.

Thailand: Pathway to Waste Management

The draft Waste Management and Resource Circulation act ("Bill") lays a foundation for waste management and resource circulation, mandating contributions from the government, product producers, and the general public to foster Thailand's green and circular economy.

Thailand: Another Move Towards a Better Environment: Draft Pollutant Release and Transfer Register (PRTR) Act

Thailand is gearing up for a significant change in its environmental legislation, with the recent draft ‘Pollutant Release and Transfer Registers Act’ (the “PRTR Bill”) brought into focus. This draft has been open for hearing until 21 March 2024.

Philippines: SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023

SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023

Philippines: Taxation of AI and Cross-Border Services

SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) senior partner Carina "Caren" Laforteza and special counsel Catherina "Kate" Fernandez discuss the taxation of AI in light of recent developments concerning the concept of situs of taxation as interpreted by the Bureau of Internal Revenue (BIR), the local tax authority in the Philippines.

AZB & Partners recently advised the President of India

AZB & Partners recently advised the President of India acting through the Ministry of Power (“Seller”), for the sale of 356,626,218 equity shares aggregating to approximately 3.55% of the total paid up equity share capital of NHPC Limited for an aggregate amount of INR 23.56 billion. The sale took place by way of the offer for sale through the...

Nazar Chernyavsky- WLG Key Contact Partner and Managing Partner, Sayenko Kharenko (Ukraine)

"We expect to build better relationships with top independent firms that are members of WLG, allowing us to approach bigger opportunities together arising in different jurisdictions, including the upcoming reconstruction of Ukraine.”

AZB & Partners represented Lighthouse on its recent investment of INR 284 crores in silver jewellery brand Kushal’s

AZB & Partners represented Lighthouse on its recent investment of INR 284 crores in silver jewellery brand Kushal’s. The transaction was led by our Partner Ananya Sharma and the deal team comprised of Associates Saumya Srivastava, Aryan Khanna and Shubhangi Tewari. Our due diligence team comprised of our Senior Associates Sudeshna Panigrahi...

United States: Hunton Andrews Kurth Represents The Artemis Fund as Lead Investor in Series Seed Financing of Builders Patch Inc.

Hunton Andrews Kurth Represents The Artemis Fund as Lead Investor in Series Seed Financing of Builders Patch Inc.

AZB & Partners acted for Bodhi Tree on the combination of Reliance-Viacom18 and Disney’s India business

AZB & Partners acted for Bodhi Tree on the combination of Reliance-Viacom18 and Disney’s India business, creating a USD 8.5 bn joint venture. Bodhi Tree (an investment platform led by Uday Shankar and James Murdoch with QIA as a key investor) is a joint venture partner in Viacom18. The AZB deal team comprised of our Senior Partners Ashwath...

AZB & Partners acted for The Walt Disney Company on the combination of Viacom18 and Disney's Indian media businesses

AZB & Partners acted for The Walt Disney Company on the combination of Viacom18 and Disney's Indian media businesses, to create a joint venture valued at approximately US$ 8.5 billion, which will be one of India's leading media companies. Our AZB deal team comprised of our Senior Partners Roxanne Anderson and Divya Mundra, Counsel Himanshoo...

Philippines: SyCipLaw Conducts Seminar on Case Management and Arbitration

SyCipLaw's Litigation Department, in cooperation with SyCipLaw Cebu branch, recently conducted a two-part seminar for its Cebu clients entitled “Dispute Management Strategies: A SyCipLaw Seminar on Case Management and Arbitration,” which was held at Holiday Inn Cebu City. A total of 31 clients representing 13 organizations attended the seminar.

United States: Hunton Andrews Kurth Represents Forcite Helmet Systems Pty Ltd in Sale to GoPro, Inc.

Hunton Andrews Kurth Represents Forcite Helmet Systems Pty Ltd in Sale to GoPro, Inc.

France: Soccer and EU competition law: The “Super-League” judgment

In three judgments issued in December 2023, the Court of Justice of the European Union held that sport governing bodies - and their regulations - must comply with EU competition law. This article discusses the most notable of the three judgments, i.e., the so-called “Super League” judgment.

Philippines: SyCipLaw Admits Two New Partners

SyCipLaw is pleased to announce that Camille Angela M. Espeleta-Castillo and Ricardo Jesus E. Gutierrez have become partners of the firm effective January 1, 2024.

[Audio Recording & Key Takeaways] Labor and Employment Issues in M&A Transactions

Lawyers discussed whether the type of transaction makes a difference in how a deal is handled, how the threshold of materiality impacts due diligence, red flags, and more.

Ukraine: The Cabinet of Ministers Adopted the Procedure for Functioning of the State Online Monitoring System in the Gambling Sector

On 16 February 2024, the Cabinet of Ministers of Ukraine adopted the Procedure for Functioning of the State Online Monitoring System (the “Regulation“), creating a regulatory framework for the forthcoming system launch.

Brazil: TozziniFreire Advogados announces three new partners

Stephanie Consonni, Carlos Renato Vieira, and Danilo Lambert strengthen, respectively, the firm's Intellectual Property, Tax, and Environmental practices.

WLG Upcoming Events

World Law Group has numerous opportunities for you to connect with your WLG colleagues over the next two months. Unless noted as open, events are for WLG members only . WLG jurisdictional participation policies apply – firms may not have participants from their other offices in places where WLG has a member firm.

Philippines: SyCipLaw Partner Leslie C. Dy is New Head of the Firm's Employment and Immigration Department

SyCipLaw partner Leslie C. Dy has been appointed the head of its Employment and Immigration Department (EID), effective March 1, 2024. She succeeds Dante T. Pamintuan following his retirement at the end of February 2024.

Philippines: SyCipLaw Partner Leslie C. Dy is New Head of the Firm's Employment and Immigration Department

SyCipLaw partner Leslie C. Dy has been appointed the head of its Employment and Immigration Department (EID), effective March 1, 2024. She succeeds Dante T. Pamintuan following his retirement at the end of February 2024. (Mr. Pamintuan will continue to serve as Of Counsel to SyCipLaw, effective March 1, 2024.)

Canada: OSFI Releases New Framework to Modernize Financial Supervision

On February 8, 2024, the Office of the Superintendent of Financial Institutions (OSFI) announced a new framework (the “Framework”) for supervising federally regulated financial institutions (FRFIs).

Guatemala: Preserving the Family Legacy: The Importance of Inheritance Planning

Proper inheritance planning is crucial to designing an adequate succession plan which sole purpose is to ensure an organized transfer of the organizer’s estate and minimize the loss of value of such estate as much as possible.

Guatemala: Credit Card Law

This article addresses the main aspects of dispute resolution brought by the Law of Credit Cards.

Honduras: New Legislative Decree of Electrical Amnesty

The National Congress of Honduras grants electrical amnesty for legal entities and individuals for the next 6 months.

El Salvador: Amendments to Hydrocarbons Law

By means of Legislative Decree No. 923, dated January 3, 2024, amendments to the Hydrocarbons Law were approved. This Law was reformed with the purpose of encouraging investment, exploration and exploitation of the hydrocarbon sector, without the expenditure of State funds.

Nicaragua: Issues Regulations for Product Recalls

The new regulation regulates through the ANRS the processes of withdrawal of regulated products from the market through the application of corrective and preventive measures.

Costa Rica: Shareholders' Agreement as an Opportunity to Reduce Conflicts

Shareholders' agreements are customized instruments that regulate business management. They serve as a guide for the company and are key to resolving conflicts and establishing clear business direction.

Panama: New Medicine Law

Law 419/2024 was issued which regulates medicines and other products for human health and the public acquisition of medicines, other products for human health, including health supplies, medical devices, and equipment.

Thailand: A Brave New World? Towards the Liberalisation of the Thai Electricity Market

The potential for market participants to commence sales of electricity on a P2P basis through the major utilities’ grids for the first time marks a watershed moment in Thailand’s electricity industry.

Canada: The Bank of Canada Opens Consultation for Supervisory Guidelines

The Bank of Canada continues preparations for its supervision of payment service providers (PSPs) under the Retail Payment Activities Act (RPAA).

Canada: CSA Provides Further Updated Guidance on Virtual Shareholder Meetings

On February 22, 2024, the Canadian Securities Administrators (CSA) recently published updated guidance on virtual shareholder meetings following initial guidance provided in February 2022. See our March 1, 2022 update, CSA Provides Updated Guidance on Virtual Shareholder Meetings.

Panama: Collective Trademarks and Designations of Origin

This article addresses the management and obtaining of industrial property signs, and designations of origin in Panama.

Philippines: SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023

SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023

Greece: CMS Guides to Passporting

We are proud to announce that Dimitris Emvalomenos, Lawyer LL.M. (QMUL), Mediator (Greece & the UK), Dep. Managing Partner and Maria Tranoudi, Lawyer, Senior Associate of Bahas, Gramatidis & Partners LLP, are the authors of Chapter Greece in three CMS international publications

Alfredo D'Aniello, New WLG Key Contact Partner, Gianni & Origoni (Italy)

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AZB & Partners is acting as IIT-Delhi’s legal counsel and assisting them in setting up their Abu Dhabi campus

AZB & Partners is acting as IIT-Delhi’s legal counsel and assisting them in setting up their Abu Dhabi campus (which is the second overseas campus of IIT and first for IIT-Delhi), including its operations, negotiating of contracts/framework arrangements with Abu Dhabi Department of Education and Knowledge (ADEK), secondment and hiring of...

2023 A Year in Review

Germany: Mandatory special charge for open space photovoltaic systems in Brandenburg

On 25 January 2024, the state parliament of Brandenburg decided to introduce a mandatory special charge for open space photovoltaic systems to be applicable from 2025. This will result in considerable additional costs in the future for plant operators when constructing such plants in Brandenburg.

Costa Rica: International Sustainable Financial Reporting Standards S1 and S2

Costa Rica ratifies the adoption of International Financial Reporting Standards (IFRS) S1 and S2 related to sustainability from January 1st, 2024. The goal is to disclose sustainability-related financial information in a more uniform, complete, comparable, and verifiable manner.

Indonesia: Second Amendment to Indonesia’s ITE Law: What’s Changed?

Indonesia has again revised its Electronic Information and Transactions Law (ITE Law), aiming to enhance the digital regulatory framework, but questions linger over the clarity and implications of the new amendment.

Philippines: SyCipLaw Announces Appointment of Retired Partner as Of Counsel

SyCipLaw announces the retirement of partner Rafael L. Encarnacion from the firm. Mr. Encarnacion will continue to serve as Of Counsel to SyCipLaw, effective February 1, 2024.

Ukraine: The New Law on the Protection of Consumer Rights

The new Law on the Protection of Consumer Rights No. 3153-IX (the “New Law”) was adopted based on draft law No. 6134.

Canada: Bank of Canada publishes guidance for registration under the Retail Payment Activities Act

As the November 1 – 15, 2024 window for registration of payment services providers (“PSPs”) approaches, the Bank of Canada (the “Bank”) has published guidance for PSPs determining: (i) whether the supervisory regime under the Retail Payment Activities Act (the “RPAA”) will apply to them...

AZB & Partners advised a member of the promoter/promoter group of Paradeep Phosphates Ltd.

AZB & Partners advised a member of the promoter/promoter group of Paradeep Phosphates Ltd., in the merger of Mangalore Chemicals & Fertilisers Ltd. into Paradeep Phosphates Ltd., to become one of the largest integrated private sector fertiliser companies in India. Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Counsel...

Thailand: A Look Back Over 2023 and Looking Ahead to 2024 - Restructuring Disputes and Trends to Monitor

2023 was a year of political and economic uncertainty in Thailand, especially for the Thai stock market, when a number of companies in financial distress aggressively sought rescue by engaging in a formal court-supervised restructuring process. This trend is expected to continue in 2024.

Indonesia: Amendment to Occupational Accident and Death Security Programs

In October 2023, the Indonesian Government issued the second amendment to Government Regulation No. 44 of 2015 on the Occupational Accident Security (Jaminan Kecelakaan Kerja – “JKK”) and Death Security programs (Jaminan Kematian – “JKM”) (“GR 44/2015”), under Government Regulation No. 49 of 2023 (“

France: Latest news in French labor and employment

In recent weeks, the French Supreme Court has issued a number of rulings providing useful clarification on issues such as criminal liability of employers, right of evidence, dismissal and maternity leave, and home office.

Thailand: Enhanced Tax Relief Measures for Digital Assets Trading and Transfer of Digital Tokens

Thailand’s has adopted a progressive approach to digital assets and investment tokens, with the aim of creating a favorable trading and transfer environment. A recent Royal Decree laid the foundation for tax relief measures in the digital asset space.

Ukraine: Merger Regulation Update: Key Insights and Implications

Following the recent competition law reform, the Antimonopoly Committee of Ukraine (the AMC) has made substantial efforts to adapt its internal regulations accordingly.

Ukraine: Merger Regulation Update: Key Insights and Implications

Following the recent competition law reform, the Antimonopoly Committee of Ukraine (the AMC) has made substantial efforts to adapt its internal regulations accordingly.

Sheenika Gandhi-Chief Marketing Officer, Greenberg Glusker LLP (USA- California)

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New Zealand: MinterEllisonRuddWatts M&A Forecast

What's on the horizon for merger and acquisition (M&A) activity in New Zealand? MinterEllisonRuddWatts' market leading Corporate team discusses trends and makes predictions for 2024.

United States: Hunton Andrews Kurth Represents The Bankers Helping Bankers Fund in Financing of Privacy Lock Inc.

Hunton Andrews Kurth LLP recently represented The Bankers Helping Bankers Fund (BHB Fund) as lead investor in a Series Seed financing of Privacy Lock Inc., a leader in privacy compliance solutions for financial institutions. The financing closed on January 26, 2024. The BHB Fund is a fintech fund that invests across banking technology, customer...

Germany: BVerwG strengthens environmental associations - actions against deviations from regional plan objectives admissible

In its ruling of 28 September 2023 (BVerwG 4 C 6.21), the Federal Administrative Court ruled that a recognised environmental association can have a court review whether a deviation from the objectives of a regional plan violates environmental legislation. The court published this in a press release on its website.

China: Antitrust and Competition 2023-24 Highlights

Zhong Lun is pleased to introduce China Antitrust and Competition 2023-24 Highlights.

United States: Corporate Energy Partner Carl von Merz Joins Hunton Andrews Kurth in Houston

Carl von Merz , a highly regarded corporate attorney with two decades of experience advising on large scale energy industry transactions, has joined Hunton Andrews Kurth LLP in Houston, where he will serve as head of the firm’s U.S. Oil and Gas practice.

United States: FDA Aligns Quality Systems Regulation With International Standards

The FDA issued a final rule which continues efforts to promote consistency in the regulation of devices and provides timelier introduction of safe and effective high-quality devices for patients.

Indonesia: Interest Rate Reference Reform: Introducing IndONIA as the Replacement for JIBOR

In the global financial system, interest rate references or 'benchmark rates’, play a significant role in determining interest rates for financial contracts and guiding monetary policy decisions.

Spain: Market trends in Spanish private equity transactions

The study analyzes 38 private equity deals signed in 2022 and 2023.

Norway: Sustainable and "Made in Norway"

A new national labelling initiative for sustainable Norwegian products and solutions called "Made in Norway" will function as a scheme for origin labelling of Norwegian-made products and solutions, enhancing a visible characteristic of origin, sustainability and responsibility.

2023: Doing Business In Malaysia

With record-breaking levels of Foreign Direct Investment in 2023 and supportive economic frameworks in place from the government, Malaysia is a very competitive investment destination. Member firm Shearn Delamore & Co. is ready to aid those who wish to enter their markets, having established focus committees for regulatory and anti-bribery/...

Norway: IPR infringement? The Rules on Securing Evidence Outside of Litigation Come to the Rescue

In intellectual property rights (IPR) cases, regulations are especially useful as the evidence on misappropriation of IPR will often be stored in a digital format and easily be destroyed / made unavailable if the counterparty is notified prior to securing evidence.

Italy: Gender equality: Gianni & Origoni obtains certification

International law firm Gianni & Origoni has obtained the UNI/PdR 125:2022 certification for gender equality in the workplace. Issued by DNV, an independent certification body, this important result recognises GOP’s commitment in championing a diverse and sustainable professional place to work.

HONDURAS: AMENDMENTS TO THE STANDARDS FOR THE REPORTING AND PUBLICATION OF FINANCIAL STATEMENTS AND INDICATORS

Resolution GEE No.806/05-12-2023, issued by the National Commission of Banks and Insurance, presents adjustments to the Financial Reporting and Indicators Standards. It reinforces transparency and establishes standards to ensure the quality of information provided by regulated institutions.

Norway: A Brief Look at Privacy and Generative AI

In this article, we will discuss the representation of personal data in written generative models and address certain questions associated with large language models and personal data.

AZB & Partners advised Accenture Inc.

AZB & Partners advised Accenture Inc. on the India aspects of its recent acquisition of Impendi Analytics LLC and its Indian subsidiary, Impendi Analytics Private Limited, a procurement advisory and transformation services provider. Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associate...

Spain: BlueFloat and Sener partner with Plenitude to develop offshore wind projects in Spain

Cuatrecasas has advised BlueFloat Energy and Sener Renewable Investments on the entry of Plenitude as a partner.

AZB & Partners advised and represented eMudhra Limited

AZB & Partners advised and represented eMudhra Limited (the “Company”) and IIFL Securities Limited, the book running lead manager, on a qualified institutions placement of equity shares by the Company, which aggregated to INR 2,000 million. Our team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our senior associates,...

Panama: The Superintendency of Securities Market Adopts the Use of Electronic Signature

The Superintendency of Securities Market of Panama adopts the use of electronic signatures, simple or qualified, in documents related to securities market activities.

Costa Rica: Holding of Ordinary Meetings: Exemption from Liability for Directors

The holding of the Annual Ordinary Meeting is the key tool for exempting the Directors of the companies from liability in Costa Rica.

Thailand: Thai SEC Opens Doors for Public Hearing on Enhancing ICO Governance Regulations

In order to ensure that initial coin offerings regulations provide adequate protection and safeguard the rights of investors, the Thai Securities and Exchange Commission is now inviting public feedback on the principles and related draft regulations.

Guatemala: Tax Audit Plan 2024

SAT actions to be implemented to enhance control, tax audit, and collection for the fiscal year 2024 in Guatemala.

NICARAGUA: CREATION OF THE STATE SUPPLIERS VERIFICATION COMMISSION

The State Suppliers Verification Commission was created to confirm the veracity of all the information provided by potential bidders in contracting procedures with public sector entities.

EL SALVADOR: AMENDMENTS TO THE COMMERCIAL CODE OF EL SALVADOR TO FACILITATE FOREIGN INVESTMENT

The new amendments to the Commercial Code of El Salvador contain, among other aspects, the possibility for foreign companies to establish their domicile in El Salvador maintaining the continuity of their legal personality.

Thailand: An Overview of the New Utility Green Tariff Program

The Energy Regulatory Commission (the ERC) has officially introduced the Announcement of the ERC re: Criteria for Determining Utility Green Tariff (“UGT”) B.E. 2566 (2023), which was published in the Royal Gazette on January 8, 2024 with an effective date of January 9, 2024.

AZB & Partners represented Bluestone Equity Partners

AZB & Partners represented Bluestone Equity Partners on its growth investment in VideoVerse, the company behind Magnifi (an internationally acclaimed AI powered video editing solution), for an aggregate investment amount of USD 45 million. The deal team comprised of Senior Partner Darshika Kothari, Partner Vasudha Asher, Associates Deepti...

Germany: Advocate General’s Opinion in Case C-757/22 (Meta Platforms)

Advocate General Jean Richard de la Tour comments on the standing of associations under Art. 80 (2) GDPR. In his opinion, in certain cases, the breach of an information obligation under Chapter 3 of the GDPR is sufficient to enable representative actions.

Hong Kong: New Chapter For Mainland-Hong Kong Judgements Enforcement

This article seeks to discuss the changes under the 2019 Arrangement and its legal implications.

China: How Should Foreign Investors Adapt to China’s New Company Law?

This article discusses how foreign-invested enterprises should adapt to China’s amended Company Law.

Mahnu Davar- WLG Key Contact Partner, Arnold & Porter (USA- Washington, DC)

"I have really enjoyed seeing the sophistication and breadth of my peer WLG practitioner colleagues, many of whom are legends in their legal communities.”

AZB & Partners acted for FabIndia and Organic India

AZB & Partners acted for FabIndia and Organic India on Tata Consumer Products’ proposed acquisition of up to 100 per cent stake in Organic India, a FabIndia-owned business that sells tea, infusions, herbal supplements and packaged foods, for INR 1,900 crore. Our transaction team comprised of our Senior Partner Anil Kasturi, Partner Anisha...

Germany: Update on player refund-claims in Germany

German Federal Court of Justice (BGH) suspends appeal proceedings regarding the reimbursement of losses in online poker. Potential impact also possible for refund claims for losses from slots.

Honduras: The Legal Revolution of Electronic Payments

In Honduras, the financial revolution has been ushered in by emerging technologies, giving rise to Non-Banking Electronic Money Institutions and innovative Electronic Payment Service Provider Entities. This modernization provides flexibility to users and ensures a secure and transparent experience.

Panama: The Apostille of Documents: Simplifying Judicial Procedures

The apostille emerges as an essential instrument to expedite or facilitate the international recognition of legal documents, so it is important to consider the requirements to apostille documents in Panama, to be valid and executed properly.

AZB & Partners advised Wipro

AZB & Partners advised Wipro on the successful execution of their recent Power Purchase Agreement and Equity Investment Contracts with Fourth Partner Energy Private Limited in relation to setting up solar captive power project and purchase of power from it for meeting its renewable energy demands in Maharashtra. The transaction team comprised...

AZB & Partners represented Oyster Renewable Energy Private Limited

AZB & Partners represented Oyster Renewable Energy Private Limited (‘Oyster Renewables’) in the executions of the contracts for the development of a 99 MW wind power project in Gujarat with Inox Wind Limited and its group companies. This is Oyster Renewable’s first wind power project in India. Our transaction team comprised our Senior...

United States: Corporate Transparency Act: FinCEN Updates FAQs on Beneficial Ownership Information

Corporate Transparency Act: FinCEN Updates FAQs on Beneficial Ownership Information

Philippines: Key Questions on Labor Laws and Employment

SyCipLaw Senior Partner Leslie C. Dy and Senior Associate Mark Kevin U. Dellosa provide an update on labor laws and employment rights in the Philippines in a special report.

Spain: 10 Keys to Venture Capital Transactions

Analysis of the keys to negotiating investments of venture capital funds in startups.

AZB & Partners advised Accenture Inc. on the India aspects of its recent acquisition of Navisite

AZB & Partners advised Accenture Inc. on the India aspects of its recent acquisition of Navisite, a digital transformation and managed services provider. Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Malaveeka Chakravarthy, Senior Associate Farah Titina, Associates Ashish Narang and Pavit Kaur. They were supported on...

Ukraine: CFC Owners to Get Ready: The Deadline for Reporting is Coming

The upcoming deadlines for filing the report for CFC owners are 1 May 2024 for individuals and 1 March 2024 for CPT taxpayers. Before the deadline, CFC owners should determine their status, prepare financial statements, calculate taxes, and file the report.

2023: Doing Business In USA - Washington, Oregon, and Alaska

Lane Powell, member firm for USA- Washington, has offices across the Pacific Northwest (Washington, Oregon, and Alaska) and is proud of its longstanding client relationships in Asia, which solidify its position as a gateway to and from the Pacific Rim. The Pacific Northwest has a strong technology scene comprising everything from start-ups to...

2023: Doing Business In USA - Illinois

As one of the most populated states with the 3rd largest city in the United States, Illinois is an ideal state in which to set up a subsidiary. Illinois is also centrally located within the country, facilitating logistics with easy access to the country. Member firm for the state, Faegre Drinker, paints the picture of many benefits to doing...

2023: Doing Business In Australia

Australia is a prosperous and stable nation, offering abundant opportunities for foreign investment across diverse industries. Australia's proximity to major markets like China, Singapore, Japan, and South Korea makes it a crucial hub for trade and investment, particularly in mining, agriculture, and finance. MinterEllison, WLG member firm for...

Thailand: Update on the SEC’s Regulations on Digital Assets

Due to the rapid developments in digital assets in the Thai market, the Securities and Exchange Commission of Thailand from time-to-time updates and amends its regulations on digital assets in order to monitor and support the operation of digital asset businesses in Thailand.

United States: The Corporate Transparency Act and Beneficial Ownership Reporting for Private Companies

As of January 1, 2024, reporting requirements under the federal Corporate Transparency Act and related regulations (collectively, the “CTA”) went into effect. The CTA creates a new reporting requirement for many small, private companies.

AZB & Partners advised FS India Solar Ventures Private Limited

AZB & Partners advised FS India Solar Ventures Private Limited in executing Power Purchase Agreements and Equity Investment Contracts with Cleantech Solar India OA 2 Pte Ltd for setting up two solar captive power projects and one wind captive power project and purchase of power from them for meeting its renewable energy demand for its 3.3GW...

Spain: Cuatrecasas is new member of Princess of Asturias Foundation’s Board of Trustees

The Board of Trustees of the Princess of Asturias Foundation has approved the incorporation of Cuatrecasas, represented by our senior partner Rafael Fontana, as a new member of the Board, the Foundation’s highest honorary and advisory body.

Ukraine: Accepts Certification of Gambling Equipment by Foreign Laboratories

On 16 January 2024, the Commission for Regulation of Gambling and Lotteries (the “Commission“) adopted Decision No. 8, amending the “List of certification entities authorised to certify and inspect gambling equipment”.

Ukraine: Sayenko Kharenko Joins The Women’s Empowerment Principles

Sayenko Kharenko proudly announces entering the Women’s Empowerment Principles (WEPs), a set of guidelines designed to advance gender equality and women’s empowerment in the workplace, marketplace, and community.

Ukraine: Sayenko Kharenko Recognized as “Elite” by International Directory Global Competition Review 100

The authoritative international directory Global Competition Review 100 recognises Sayenko Kharenko in the “Elite” category.

2023: Doing Business In Greece

Greece's geographical position as a gateway between the East and West renders the country highly attractive for investments in transport to take advantage of these increasing trade flows in an efficient and cost-effective manner. Culturally, personal relationships play a large role in Greek business culture, and verbal agreements are considered...

United States: How Will the New DOL Final Rule Regarding Independent Contractors Impact Your Company?

The new Department of Labor (DOL) Final Rule provides the following non-exhaustive six-factor test regarding whether a worker should be classified as an employee or an independent contractor for wage payment purposes

AZB & Partners is advising BlackRock

AZB & Partners is advising BlackRock on the Indian aspects of their proposed acquisition of private equity firm, General Infrastructure Partners (GIP), for USD 12.5 billion. Our M&A team comprised our Senior Partners Ashwath Rau, Atreya Bhattacharya, Senior Associates Vyjayanthi Raghu, Raina Upadhyay, and Associates Shubhalakshmi...

United States: Texas Assistant Attorney General David Terry Joins Hunton Andrews Kurth’s Environmental Team in Houston

Texas Assistant Attorney General David Terry Joins Hunton Andrews Kurth’s Environmental Team in Houston

2023: Doing Business In New Zealand

MinterEllisonRuddWatts, member firm for New Zealand, calls itself future-focused. They are proud to lead the way in the country's financial services, FinTech, and renewable energy industries in particular, and were the first New Zealand firm to explore the power of Artificial Intelligence (AI) with a joint venture in 2017. Learn more about...

Philippines: SyCipLaw Announces the Promotion of Two Senior Associates

SyCipLaw Announces the Promotion of Two Senior Associates

AZB & Partners advised NTT Ltd. on the sale of its majority stake in Nihilent Limited

AZB & Partners advised NTT Ltd. on the sale of its majority stake in Nihilent Limited (Nihilent) in a leveraged buyout to Arcalis Technologies Private Limited, a management-controlled entity. Nihilent offers consulting services and IT solutions to customers in the banking, media, retail, health-care and manufacturing industries and has presence...

Germany: German insolvency administrator grossly negligent for breach of duty in investigating contestation claims

In a recent case before the Federal Court of Justice, an insolvency administrator was found to have neglected his duties of investigation in a particularly serious and reproachable manner.

WLG Upcoming Events

World Law Group has numerous opportunities for you to connect with your WLG colleagues over the next two months. RSVP below for upcoming events, including Practice Group meetings, programs ( WLG | impact '23 and WLG | beyond borders '23) , and more. Unless noted as open, events are for WLG members only . WLG jurisdictional participation...

United States: Miller & Martin Attorneys John David Lind and Haley Moody Promoted to Member

Miller & Martin PLLC is pleased to announce the election and promotion of attorneys John David Lind and Haley Moody to membership in the law firm effective January 2024.

Brazil: In a challenging year for M&A transactions, TozziniFreire preserves its market share

Consumer Goods, Industry, and Telecommunications were the highlights of 2023, showing growth inside the firm compared to 2022.

Canada: Canadian Securities Administrators Announce Implementation of the Access Model for Prospectuses

On January 11, 2024, the Canadian Securities Administrators (CSA) published the final form of amendments to securities legislation to implement an access model (the “Access Model”) for delivery of prospectuses.

Ping Gu- New WLG Key Contact Partner, Zhong Lun Law Firm (China)

"As a patent attorney, I work at the forefront of technology, and I am constantly fascinated by the ingenuity embodied in inventions in the field of green energy. Representing China's foremost comprehensive legal service provider, I am excited to join WLG's encyclopedic collection of expert attorneys, each at the pinnacle of their field of...

United States: DOL Issues Final Rule on Independent Contractor Classifications

On January 10, 2024, the U.S. Department of Labor published its Final Rule significantly changing the existing standard for the independent contractor classification under the Fair Labor Standards Act.

China: Antitrust and Competition Update (2023 Q4)

Zhong Lun is pleased to bring you updates on PRC antitrust legislation and enforcement during the fourth quarter of 2023.

Germany: Germany as a location for pharmaceutical businesses - quo vadis, 2024?

In a strategy paper published by the German Federal Government on 13 December 2023, key goals were set to strengthen Germany as a research and pharmaceutical base and to improve its competitiveness in this space.

Philippines: SyCipLaw's Tax TIPS - Vol. 28

SyCipLaw's Tax TIPS - Vol. 28

United States: 2024 and the New Corporate Transparency Act

The new Corporate Transparency Act (CTA) went into effect on January 1, 2024. This new act will require almost all entities, such as LLCs and corporations, with fewer than 20 employees and less than $5 million of revenue to file reports to the Financial Crimes Enforcement Network.

United Kingdom: Gowling WLG to Host Webinar on UK National Security & Investment Act - January 17

With the NSIA now in full force in the UK for two years, Samuel Beighton and James Stunt will explore key learnings and current trends. https://gowlingwlg.com/en/even...

AZB & Partners acted for Siemens Energy

AZB & Partners acted for Siemens Energy in relation to the sale of its 18 per cent stake in Siemens Limited to Siemens Aktiengesellshcaft, Germany, for an aggregate consideration of INR 18,700 crores. Our M&A deal team comprised our Senior Partner Darshika Kothari, Partner Sneha Nagvekar, Counsel Himanshoo Tembe and Associate Rithvik DGV. They...

AZB & Partners is acting for First Solar India

AZB & Partners is acting for First Solar India on the upcoming inauguration of its 3.3 GW fully vertically integrated photovoltaic (PV) thin film module manufacturing facility. This will be India’s first fully vertically integrated Photo Voltaic (PV) thin film module manufacturing facility to go live and among the world's largest solar...

Thailand: PDPA Update: Requirements on Cross-border Transfer

On 25 December 2023, the Personal Data Protection Committee published two notifications in the Royal Gazette regarding cross-border transfer. These two notifications are effective from 24 March 2024.

Norway: Open source & copyleft licenses – how to ensure commercially acceptable use

In this article, we consider measures that may be taken to reduce the risk of encountering issues when using components licensed under the most common open source licences in a commercial setting.

Pledging trademarks

Trademarks could only be pledged as part of a pledge on operating equipment under the Norwegian Mortgage Act. In accordance with the trademark directive (2015/2436/EU), the Mortgage Act § 4-11 now permits a registered trademark to be pledged as such.

Norway: Interest on overdue payments: a need for an amendment to the law

The rules relating to interest on overdue payments should be amended so that the debtor may provide security for the main claim so that a costly penalty interest can be avoided.

United States: How Employers in Oregon and Washington Can Prepare for New Laws

Many of us have our traditions to ring in a new year: taking down holiday decorations, making New Year’s resolutions, and organizing our homes and offices. But employers, especially in the Pacific Northwest, now have another New Year’s tradition: bracing themselves for a host of new employment laws.

AZB & Partners has been representing Vivo Mobile India Private Limited (Vivo) and its employees in an investigation initiated by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA)

AZB & Partners has been representing Vivo Mobile India Private Limited (Vivo) and its employees in an investigation initiated by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA). The Firm has been successful in securing the release of two senior employees of Vivo arrested by the ED after the court...

United States: The Corporate Transparency Act: A New Federal Law with Broad Implications

The Corporate Transparency Act (the “CTA”) is a new federal law enacted in 2021 to combat money laundering, terrorism, tax fraud and other illegal activities.

United States: IRS Announces Voluntary Disclosure Program for Employee Retention Credit Claims

The Internal Revenue Service has announced a voluntary disclosure program for employers that may have filed non-qualifying Employee Retention Credit (ERC) claims under the CARES Act for the wages paid during 2020 and 2021.

United States: The Double Dip: Guacamole Faux Pas ‎or Liability Management ‎Technique?‎

Locke Lord's Jason Ulezalka and Jonathan W. Young analyze how credit markets have recently been focused on a different type of double dip – one that is being increasingly considered as a legitimate “liability management” tool to improve a borrower’s liquidity.

United States: Lane Powell Elects New Shareholders

Lane Powell is pleased to announce that six attorneys have been elected shareholders of the firm.

Philippines: SyCipLaw Brings Aid and Christmas Cheer to Children Undergoing Cancer Treatment at PGH

This year, our lawyers and staff raised almost PhP700,000 to purchase the prescribed milk as well as gifts and snacks for 180 beneficiaries. The UP PGH Department of Pediatrics, through the Children Foundation Inc., received the remaining cash donation, which will be used for other needs of the children in the Hematology and Oncology section of...

Thailand: SEC Regulations Update

The Securities and Exchange Commission of Thailand amended regulations governing Real Estate Investment Trusts (REITS) on a range of matters effective from 1 February 2024.

Brazil: Bill No. 3,626/2023 amending sports betting legislation has been approved

Several changes in the Brazilian legislation on sports betting will take place with this approval.

France: Focus on foreign investments: Requirements, overview and recent incentives

France offers many advantages for businesses. The French Government has recently been encouraging foreign investments in the industrial and green sectors.

China: Understanding New Draft for Cybersecurity Incident Reporting Measures: A Practical Guide for Network Operators

Understanding China’s New Draft for Cybersecurity Incident Reporting Measures: A Practical Guide for Network Operators

Germany: Higher Administrative Court of Münster: Subsequent authorization of a homeopathic medicinal product

The judgment of the Higher Administrative Court of Münster of 29 November 2022 (Ref.: 9 A 2428/19) concerns the subsequent authorization of a homeopathic medicinal product whose efficacy could not be justified due to a lack of proof of the suitability of the excipients.

Latvia: Sorainen welcomes new partners and managing partners

Eva Berlaus, former country managing partner at our Latvian office, became managing partner at Sorainen, taking over the role from Laimonas Skibarka. Ieva Andersone has been appointed as the new country managing partner in Latvia. Kadri Härginen and Aija Lasmane also were promoted to partner.

Indonesia: Further Details of the Visas and Stay Permits Foreigners Require to Enter and Stay in Indonesia

Following our previous advisory on Government Regulation No. 40 of 2023, we now bring you an update with Ministerial Regulation No. 22 of 2023 (MOLHR Reg. 22/2023) issued on 24 August 2023. This regulation acts as a detailed implementation of the earlier government regulation, focusing on visas and

Germany: Regional Court of Karlsruhe: Advertising with the claims "climate-neutral" and "environmentally neutral product"

In a decision by the Regional Court of Karlsruhe on 26 July 2023 (Ref.: 13 O 46/22 KfH), the court had to deal with the admissibility of advertising products with the terms "climate neutral" and "environmentally neutral".

2023: Doing Business In Singapore

WongPartnership, WLG member firm in Singapore, sees their people as their most valuable asset. The firm has an internal focus on community and employee engagement and sustainability on the ESG front, which is in line with the country's green focus, highlighted through the launch of the Singapore Green Plan 2030. Learn about the plan and more in...

Thailand: Regulation of the CAAT (No. 44) Re: Registration and Deregistration of Aircraft, B.E. 2566 (2023)

A new regulation regarding application of registration, acceptance of registration and deregistration of aircraft issued by the Civil Aviation Authority of Thailand (“CAAT”) became effective from 15 December 2023.

Canada: The Retail Payment Activities Act: The Countdown to Registration Has Begun

A major milestone for the implementation of the Bank of Canada’s retail payments supervisory regime was met on November 22, 2023, with the publication of final regulations (the “Regulations”) under the Retail Payment Activities Act (RPAA).

Richard Sweet- New WLG Key Contact Partner, Greenberg Glusker LLP

"Over the years I have noted that many of our attorneys here at Greenberg Glusker have relied on WLG in order to enable clients the global services they sometimes need. As a KCP I hope to become more integrated in making that happen for our clients and assist other WLG member firms in servicing their clients."

Vietnam: Tung Nguyen Promoted to Partner

VILAF is pleased to announce the promotion of Counsel Tung Nguyen to Partner, further bolstering the firm’s robust banking and finance practice group.

United States: Supreme Court to Clarify Whistleblower Statutes Regarding Employee's Burden of Proof

The U.S. Supreme Court will decide in Murray v. UBS Securities, LLC whether a whistleblower must prove that an employer acted with “retaliatory intent” to be protected under the Sarbanes-Oxley Act.

Indonesia: Update on The Indonesian Arbitration Law

At the end of 2023, the Indonesian Supreme Court issued SC Regulation 3/2023 to implement several chapters of the Arbitration Law (Law No. 30 of 1999).

France: Air pollution: The French State ordered for the third time to pay €10 million

In a ruling handed down on November 24, 2023, considering the persistence of pollution in Paris and Lyon and the improvements observed, the Conseil d'État once again ordered the French State to pay two penalty payments of €5 million each for the two six-month periods from July 2022 to July 2023.

Spain: SATA acquires Transtesa, consolidating its leadership in transporting chemical products

Cuatrecasas has advised Zaragoza company SATA on acquiring Transtesa, S.L. and its subsidiary Transportes Soriano Lacueva S.L. in a transaction carried out by Teruel company Translop S.L., which SATA acquired three years ago.

35 Years of Leadership: Klaus Kemmler

During Klaus Kemmler's brief involvement in WLG, he made a significant impact on the network. From the organizational meeting of founding members in 1987 until today, his legacy looms large despite his passing in 1990.

35 Years of Leadership: King Berlew

The Founding Father of WLG, King Berlew, had a vision and poured his heart and soul into making that vision a reality. Seeing the globalization of some law firms, he acted to form a network of like-minded firms looking to focus on their local expertise while servicing clients' global growth strategies. The leadership he demonstrated all the way...

35 Years of Leadership: Maria Elisa Verri

WLG's new president, Maria Elisa Gualandi Verri, took the helm in late October. She reflects on her firm's strategic approach to her involvement in WLG and gives advice to others who aspire to a leadership role.

Spain: El Corte Inglés registers commercial paper program on MARF worth €1.2 billion

Cuatrecasas has advised El Corte Inglés, S.A. (ECI) on registering its commercial paper program with the Spanish Alternative Fixed-Income Market (MARF), for a maximum outstanding balance of €1.2 billion. This will enable the company to diversify its funding sources and optimize its costs.

SyCipLaw Co-hosts TrustLaw's First In-Person Legal Health Check Workshop in the Philippines

SyCipLaw Co-hosts TrustLaw's First In-Person Legal Health Check Workshop in the Philippines

Ukraine: The National Security and Defense Council of Ukraine Applies Sectoral Sanctions to Russian Federation and the Republic of Belarus

On 22 November 2023, Resolution of the Verkhovna Rada of Ukraine No. 3489-IX approved the Decision of the National Security and Defence Council of Ukraine (the “NSDC”) dated 20 November 2023 “On the application of sectoral special economic and other restrictive measures (sanctions) to the russian federation and the republic of belarus in...

Spain: Investindustrial acquires 51% stake in Virospack, leading supplier to cosmetics industry

Cuatrecasas has advised Virospack on selling 51% of its share capital to Investindustrial, one of the largest European independent investment groups.

Ireland: New Head of Corporate: Martin Kelleher

MHC is pleased to announce the appointment of Martin Kelleher as their new Head of Corporate.

Ireland: IP Protection and Enforcement – Key Emerging Issues in 2024

We review the three most significant legal developments during the past year in the area of Intellectual Property. These include the emergence of trade mark protection for well-known literary characters coming out of copyright, and a new wave of trade marks with a reputation in the area of copycat a

Ireland: Draft FDI Legislation Becomes Law

Ireland’s first piece of investment screening legislation has been signed into law by the President. It is anticipated that the Screening of Third Country Transactions Act 2023 will be implemented in early Q2 2024. Our Competition & Antitrust team considers the types of transactions which will be ca

Ireland: Corporate Governance Trends to Continue in 2024

We examine some of the main legal developments from the last 12 months affecting the governance of companies in Ireland, including ESG and the requirement for Irish company directors to provide their PPS numbers when making filings to the CRO. In addition, we review the Register of Beneficial Owners

Ireland: Corporate and M&A Activity in 2024 - What can we expect?

We highlight a number of the main legal developments during this year which may impact corporate transactions in Ireland in 2024.

Ireland: Legislative Developments in Technology Law in 2024

We reflect on three key legal developments which will continue to be relevant in 2024 to those in the Technology sector.

Ireland: What Law Decides if an Agent has Authority?

In international contract cases, an agent’s authority can sometimes be disputed. When that happens, one needs to understand which law will decide whether the agent acted with authority. Dispute Resolution partners, Gearoid Carey and Gerard Kelly review a recent Court of Appeal decision which confirm

Ireland: Litigation in 2024

The last 12 months have seen notable changes to the civil litigation and insolvency landscape in Ireland. We take a look at some of the developments and how they are likely to influence dispute resolution in 2024 and beyond.

Ireland: Supreme Court Rules Domino’s Pizza Delivery Drivers are Employees

In a landmark decision overturning the Court of Appeal, the Supreme Court has determined that the delivery drivers of Domino’s Pizza were employees and not independent contractors. Our Employment Law & Benefits team reviews the implications of this decision for employers and those in the gig economy

Ireland: 2023, AI and the Law

The last 12 months have seen notable changes to the civil litigation and insolvency landscape in Ireland. We take a look at some of the developments and how they are likely to influence dispute resolution in 2024 and beyond.

Thailand: Unveiling the Draft Clean Air Act

In response to the pressing concern of air quality, notably the significant impact of PM2.5 on daily life and public health, the Thai government has worked in collaboration with, among others, academics and civil society organizations to address the air pollution crisis.

Indonesia: Transforming Healthcare: Key Changes in the New Health Law

When the Indonesian government introduced Law No. 17 of 2023 on Health earlier this year, there were high hopes that it would streamline existing healthcare provisions, making them more comprehensible to the public, while significantly amending the healthcare sector.

United States: CLE Last Dash - Four California Webinars in January

Four California MCLE webinars will be presented by Greenberg Glusker attorneys during the last full week of January: Online Consumer Disputes, Digital Likeness Deals, DEI Initiatives and Environmental Notice of Violations.

Spain: Saica Natur finalizes agreement to acquire Ecovidal, leading waste management company in Madrid

Cuatrecasas has advised Saica Natur, S.L. (Saica Group) on acquiring Ecovidal (Miguel Vidal e Hijos, S.L.), a company engaging in waste collection and management, and the industrial warehouse where Ecovidal carries out its activity.

Thailand: New Regulations on Debt-liked and Infra-backed ICOs

The Thai Securities and Exchange Commission (SEC) has published a set of new regulations on debt-liked and infra-backed ICOs.

France: Publication of the new Regulation on the protection of European craft and industrial products

This Regulation marks a significant milestone in the protection of the names of European craft and industrial products as it creates a single system of protection throughout the territory of the European Union.