Kochhar & Co. advised UK-based integrated manufacturing-services and power products company, Volex plc on its acquisition of majority stake in inYantra Technologies Pvt Ltd, an electronics design and manufacturing services company for USD 13 million (approx. INR 100 crore). The transaction entailed subscription to fresh equity issued by inYantra Technologies as also purchase of equity from the existing shareholders, by Volex plc through its Indian subsidiary ...
In response to Russia’s waged and Belarus supported war in Ukraine, Western countries have substantially broadened sanctions on Russia and Belarus, its citizens, individuals, businesses and organizations to stop needless bloodshed in Ukraine. Given sanctions previously imposed on Russia and its associates are still in place, Russia is now a world leader in the level of sanctions imposed ...
Representatives from the Department of Justice, including the Attorney General himself, hit a consistent theme throughout with their remarks at the ABA’s National Institute on White Collar Crime, held March 2-4 in San Francisco, California—the Department will be ramping up enforcement in virtually all areas of white collar crime. Dykema attorneys Becky James, Jason Ross, and Mark Chutkow attended the conference and provide their key takeaways. U.S ...
On February 10, 2022, the Ministry of Industry and Information Technology (“MIIT”) issued a second draft of the Measures for Administration of Data Security in the Field of Industry and Informatization (for Trial Implementation) (Draft for Comment) (the “Measures”), which makes revisions to the first draft in response to public comments received following its issuance on September 30, 2021. This second draft opened for public comments until February 21, 2022 ...
What are the potential registration options for nonprofits/NGOs in Romania? Is full registration required? If so, what are the necessary steps/time/costs? NGO legal forms Under Romanian law, natural and legal persons that wish to carry out activities of general interest or activities for the benefit of certain collectivities can establish nonprofit entities (NGOs) in the form ofassociationsorfoundations ...
On 24 February, following the escalation of the conflict in Ukraine a wave of sanctions have been initiated by the US, EU and UK, Japan, Taiwan, Australia and New Zealand. As the conflict continues, the level of sanctions applied are likely to increase. The sanctions imposed by the UK include amendments to Russia (Sanctions) (EU Exit) Regulations 2019 (the “2019 Regulations”) which were enacted in response to Russia’s annexation of Crimea in 2014 ...
Last week the government issued the Economic Crime (Transparency and Enforcement) Bill. The bill looks set to become law later this month and it will have a significant impact on the process of overseas entities acquiring or disposing of land in the UK ...
A summary of the visa concessions open to Ukrainian nationals and their family members. The UK’s initial response to help Ukrainian citizens affected by the Russian military invasion was somewhat underwhelming, limiting the aid offered to immediate family members of British citizens and offering concessions for Ukrainian citizens already in the UK. Now the Home Secretary has announced a second phase of support measures available to those fleeing the conflict ...
In December, Florida’s Third District Court of Appeal reversed a judgment in favor of a landlord holding that a contractor’s lien could not attach to the real property being improvement by a tenant of the landlord. The reversal allowed the contractor’s lien enforcement claim to proceed. K.D. Construction of Florida, Inc. v. MDM Retail Ltd, arose from improvements made to a movie theater by a contractor ...
March 3, 2022 By: Tracy A. Warren, Kathryn B. Fox, and Michelle K. Meek On March 3, 2022, President Biden signed into law a bill that prohibits companies from compelling to arbitration cases where there are allegations of sexual harassment or assault ...
In the light of the current geopolitical situation, ALRUD team would like to inform you of and turn your attention to the new counter-sanctions measures introduced in Russia within the last few days, the corresponding legal basis, and the related matters which could be of importance for your business. Follow the link below and get the full version of the Newsletter: New Russian counter-sanctions and related legal and financial issues ...
Our brief guide explains the possibilities for entry, legalisation of work and legalisation of stay of Ukrainian citizens in Poland. It also covers the rules for bringing their families to Poland. The guide has been prepared by Magdalena Switajska, partner in the firm’s Employment and Global Mobility practice. More information: https://wardynski.com ...
The European Commission has released the long-awaited proposal for a directive on corporate sustainability due diligence. As expected following the resolution approved by the European Parliament on 10 March 2021, the implications for companies are many and will have an impact on their organisation and the way they conduct themselves. The directive also affects the companies and other organisations they have commercial relations with ...
We thought the conclusion of a long-delayed inquiry by the Charity Commission into the collapse of the high-profile charity Kids Company would be the last word on this matter, but there may well be another twist... If you’ve followed what has been happening in the charity sector over the last seven years - or even if you’ve just been reading the news in that time - the chances are you’ll have heard of Kids Company and about its spectacular collapse in 2015 ...
Starting January 30, 2022, new federal contracts that are not procurement contracts must include a clause requiring federal contractors to pay at least $15 per hour to workers performing work on or in connection with the federal contract. That minimum wage rate will increase annually based on changes to the Consumer Price Index. The federal government predicts that this requirement may impact over half a million firms. Federal contractors with procurement contracts (i.e ...
On 19 January 2022, the Scottish Government approved legislation that will require local authorities to set up licensing schemes for short-term lets, and require all short-term let properties to hold a suitable licence ...
What is Natasha’s Law? Natasha’s Law is the name given to the regulations that came into force on 1 October 2021 and provide new requirements for the labelling of allergens in certain foods. These regulations apply across the entirety of the UK ...
The U.S. Department of Justice (DOJ) Fraud Section released its 2021 annual report earlier this month, and the numbers show that the DOJ continues to ramp up enforcement despite ongoing logistical challenges presented by the COVID-19 pandemic. The annual report reflects only prosecutions handled by the DOJ’s Fraud Section itself (not all federal prosecutions handled by individual U.S ...
