We have in 2021 seen a remarkable (continued) recovery in the Norwegian financial market. This is also evident from the perspective of our banking and financing team. We have assisted our clients with a considerable number of new financings and refinancings, across most sectors. It has especially been hectic within the shipping, aviation and renewable energy sectors and we have seen a steep increase within acquisition financing ...
In November 2021, OSHA issued an Emergency Temporary Standard that applied to employers with 100 or more employees (the “ETS”). The ETS required those employers to either adopt a policy requiring their employees to be vaccinated against COVID-19 or adopt a masking and weekly testing regime that included removing employees who tested positive for COVID-19 from the workplace ...
On Jan. 25, President Biden signed Executive Order 14005 (the “Executive Order on Ensuring the Future Is Made in All of America by All of America’s Workers”), which modified the Buy American Act (BAA) to require the use of more American-made components on government projects ...
December 17, 2021 By: Melissa Richards Earlier this year, we reported that the California Department of Financial Protection and Innovation (CA DFPI) published new regulations requiring all existing commercial lenders and brokers licensed under the California Financing Law (CFL) to transition their licenses over to the Nationwide Multistate Licensing System (NMLS) electronic portal by December 31, 2021 ...
Financial Services Climate risk — progress of Joint Committee on Climate Change In a joint statement, Bank Negara Malaysia (“BNM”) and Securities Commission Malaysia announced on 10 December 2021 the following: the Joint Committee on Climate Change (“JC3”) will issue a Reference Guide on Climate Risk Management and Scenario Analysis, which sets out expectations for financial institutions to integrate climate-related risks considerations in finan
On December 14, 2021, Treasury issued an important update to its guidance on use of CARES Act funds. Currently, there is a deadline of December 31, 2021 to spend CARES Act funds on eligible expenses. While Congress is considering legislation that would extend that deadline to December 31, 2022, there is no assurance that legislation will pass ...
Kudun and Partners represented BG Energy Solution Company Limited, a subsidiary of BG Container Glass Public Company Limited (BGC) and Bangkok Glass Public Company Limited in a cross-border refinancing transaction in the form of a loan facility from Vietcombank for the sum of VND 760,625,000,000 for My Son 1 and 640,625,000.000 for My Son 2, totaling VND 1.4 trillion or approximately USD 61.6 million ...
Shareholders? agreements set out shareholders? rights and obligations in various situations that may occur during a corporation?s existence. While it is true that corporate laws generally establish a common structure for all business corporations, they don?t do so in great detail. A shareholders? agreement is thus an invaluable tool for preventing conflicts and settling those that do arise ...
Kudun and Partners represented T.R.V. Rubber Products Public Company Limited — one of the leaders in manufacturing and distributing of molded rubber products for automotive and electrical appliances — with respect to its initial public offering (IPO) on the Market for Alternative Investment (MAI), an alternative stock market for small and medium-sized enterprises, with a market capitalization of THB 483 million (approx. USD 14.31 million) ...
[!<CDATA[ Recent changes in the Securities and Exchange Commission (SEC) proxy rules will give shareholders the ability to vote for directors like never before. The new rules will require companies to provide universal proxy cards to shareholders voting by proxy in contested director elections. Universal proxy cards will require the company and the dissident to each list all nominated directors on their proxy cards ...
On Dec. 11, 2021, The Pennsylvania Department of Drug and Alcohol Programs will issue final regulations launching a new licensure and certification process for drug and recovery homes doing business in the Commonwealth of Pennsylvania. Each individual drug and recovery home operating in Pennsylvania must obtain a license and demonstrate compliance with the final regulations within 180 days of their issuance ...
In the guide, Chambers notes: «It’s the leading tech law firm and has now become the leading FinTech law firm,» says an interviewee, who adds: «It’s the only law firm to enhance their FinTech offering consistently.» Our partners Espen Tøndel and Morten Winther defend their individual Band 1 rankings ...
The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of real estate law in Thailand. This guide provides information about the current issues affecting real estate in Thailand and addresses topics such as ownership proof, due diligence, taxes, planning and zoning restrictions, mortgages and environmental contamination as well as insight and opinion on the most common issues in their respective country ...
Kudun and Partners represented The Erawan Group Public Company Limited (SET:ERW), one of the most renowned and longest-standing SET-listed real estate developers in Thailand, on its divestiture of the Renaissance Koh Samui Resort and Spa and Ibis Samui Bophut Hotel to Infinity Hospitality Holding Company Limited and Infinity North Samui Co., Ltd ...
In collaboration with the Legal 500, we are once again selected as the exclusive contributor for the 5th edition of Thailand’s Real Estate Comparative Guide, published on December 2021 ...
On Nov. 10, 2021, the SEC Division of Examinations issued a Risk Alert regarding an advisory fees examination initiative (the Initiative). The Division of Examinations conducted 130 examinations of investment advisers focused on advisory fees, predominantly those charged to retail investors. This Risk Alert supplements the Advisory Fee Risk Alert issued by the Division of Examinations on April 12, 2018 ...
On Nov. 9, 2021, the SEC Division of Examinations issued a Risk Alert regarding investment advisers providing automated digital investment advisory services to clients (robo-advisory services and robo-advisers). These robo-advisers either exclusively provide online services or supplement their traditional investment advisory services by using proprietary software, third-party software, or a combination thereof ...
On Nov. 10, 2021, the SEC Division of Examinations issued a Risk Alert regarding an advisory fees examination initiative (the Initiative). The Division of Examinations conducted 130 examinations of investment advisers focused on advisory fees, predominantly those charged to retail investors. This Risk Alert supplements the Advisory Fee Risk Alert issued by the Division of Examinations on April 12, 2018 ...
This inBrief examines the latest amendments to the Bankruptcy Law (Federal Decree Law No. 9 of 2016, as amended) introduced under Federal Decree Law No. 35 of 2021 (the New Law) and their impact on the personal liability of the board of directors and managers of bankrupt companies. The New Law came into effect on 1 November 2021. In contrast with earlier amendments to the Bankruptcy Law (such as Federal Decree Laws No. 23 of 2019 and No ...
Shoosmiths’ London office hosted its first hybrid seminar on 23 November, With Alastair Peet, Steve Barnett and Lisa Faragher from our VC team teaming up with Pietro Strada and Paddy MccGwire from technology focused corporate finance house Silverpeak to discuss current trends in tech market exits and financings. The seminar also included a panel discussion with David Cocks, co-founder of CloudTrade and Simon King, Partner at Octopus Ventures ...
Experts from Shoosmiths and BDO recently led a panel discussion regarding the upcoming introduction of Solent’s Freeport. Shoosmiths’ Kirsten Hewson (head of real estate), Stephen Porter (head of corporate) and Solent office head Paula Swain (also a board member of the Solent Freeport Consortium & Solent LEP) discussed the upcoming development. Also on the panel were Cllr ...
Corporate/M&A Collaboration between Bursa Malaysia Berhad with Capital Markets Malaysia through the Elevate Programme Bursa Malaysia Berhad (“Bursa”) has on 11 November 2021 announced that Bursa will be collaborating with Capital Markets Malaysia (“CMM”) to engage and work with mid-tier companies that are seeking to undertake initial public offering in the next 24 months ...
New rules in relation to statutory transfers rules came into force on 30 November 2021 to protect members’ pension savings from being lost as the result of a transfer to a scam arrangement. Trustees and managers (trustees) must take additional steps before a statutory transfer can be paid. Regulatory guidance The new requirements (and everything in this article) only apply to statutory transfers ...
