NotPetya Cyber-attack In June 2017, data-destroying malware called NotPetya, which has since been attributed to Russia’s military intelligence agency, infected hundreds of organizations in dozens of countries causing an estimated $10 billion in losses ...
On 7 July, experts from leading firms in law, communications and government relations respectively across Russia, ALRUD, EM and KESAREV held a webinar on 'Managing Legal, Communications and GR Risks for International Business in Russia in 2022'. The speakers were: German Zakharov, ALRUD Partner, Evgeny Roshkov, KESAREV Partner, and Denis Denisov, EM Partner ...
27.06.2022 In the newest episode of News from Poland—Business & Law, Jakub Barański from Wardyński & Partners’ Dispute Resolution & Arbitration practice discusses arbitration as a solution to the rising number of IT-related disputes. Konrad GrotowskiNote, the link will open in a new window, host of the programme, talks about the situation in Poland for retail, real estate development, and transit of goods from Ukraine ...
The Myanmar Food and Drug Board of Authority (“FDA“) under the State Administration Council (“SAC”) has issued a notification on labeling standards for pre-packaged foods, called “Labeling Order for Pre-packaged Foods” (“Order“). The Order was followed by two directives detailing the criteria for edibles that do not require a date of production and for a revised classification of edible products (“Directives“) ...
It can be tricky for employers to stay up to date with how to complete right to work checks especially given the government’s ever-changing guidance in this area. We outline recent developments and what employers need to know now and for the future. Every employee, regardless of nationality, requires a right to work check ...
On 1 June 2022 standstill agreements were made permissible in Scotland by s13 of the Prescription (Scotland) Act 2018 (“the 2018 Act”). Our earlier article on the key changes of the 2018 can be found here. The new legislation allows for parties to enter into a contractual agreement to extend the prescriptive period by one year. This is a welcome change, as previously extending the prescriptive period was prohibited ...
In a recent article published in Risk & Insurance, WSG Member Andrea DeField, Partner at Hunton Andrews Kurth, provides insight on cyber captive options for businesses to manage growing cyber threats and exposure, as cyber coverage terms are tightening and policy rates continue to increase. Cyber Captives 101: Is Self-Insuring the Right Risk Mitigation Choice for Your Business? Cyber coverage is tightening ...
With creditors in mind, we have launched anew special-interest service on our website,Creditor Protection, devoted entirely to what creditors can dowhen debtors unlawfully evade payment of their debts or performance of other obligations. The longer you keep someone else’s money, the more you consider it yours, the harder it is to part with it, and the more you hate the person you have to repay it to. Unfortunately, this aphorism perfectly reflects the situation in Poland ...
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) has retained its outstanding ranking in the latest IFLR1000 Capital Markets rankings 2022, the guide to the world’s leading financial and corporate law firms: Capital Markets: Equity, Tier 1 Earlier this year, SyCipLaw also received top-tier rankings in Banking and Finance: Banking, Tier 1Project Finance, Tier 1 The latest Banking and Finance and Capital Markets rankings are accessible via the IFLR website ...
Kudun and Partners represented Platt Finserve Co., Ltd. in the sale of 50% of the total issued shares from Cash Machine Capital Company Limited to Sabuy Technology Public Company Limited (SABUY) for a total value of THB 1.13 billion. The acquisition is part of SABUY’s business expansion into automated teller machines (ATMs) as Platt Finserve Co., Ltd. holds the right to install 10,000 in front of 7-Eleven convenience stores across the country for 10 years ...
Background Overseas investors’ participation in the China Inter-bank Bond Market (CIBM) has been steadily increasing in recent years due to the implementation of various opening-up regimes that allow access to the CIBM, such as the CIBM Direct, Bond Connect and QFI regimes, and the inclusion of China bonds in major international indices. At the end of 2021, overseas investors held RMB bonds of RMB 4 trillion, accounting for about 3.5% of the total market size of the CIBM ...
This newsletter features a look into ongoing Finnish legal reforms and recent law. The Finnish Competition and Consumer Authority's jurisdiction in merger control to be expanded by lowering turnover thresholds The Finnish Ministry of Economic Affairs and Employment published in June 2022 a draft government bill on lowering the Finnish merger control turnover thresholds ...
In the meantime, many individuals and families with significant wealth have seen their fortunes grow considerably despite these crises. In this environment, misassumptions may readily run rife ...
Our brief guide explains which sanctions should be applied by entities operating in Poland, how to set up a sanctions compliance system, and what effects sanctions may have on trade agreements. The guide has been prepared by Łukasz Lasek, Anna Olejniczak-Michalska, Stanisław Drozd, Stefan Feliniak i Joanna Krakowiak ...
Persons using medical services in Poland are subject to special legal protection. Regardless of their nationality, all patients have the same rights. Our guide explains the key patient rights and legal solutions concerning citizens of Ukraine. A guide prepared by Małgorzata Sokołowska and Natalia Falęcka-Tyszka from the firm’s Healthcare practicehttps://wardynski.com.pl/upload/2022/04/realizacja-swiadczen-opieki-zdrowotnej_en ...
An amendment to Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) will be introduced to the Legislative Council for first reading on 6 July 20221, as the next step toward establishing a licensing regime for virtual asset service providers (“VASPs”) early next year ...
Dr Nicholas Valenzia, Dr Ingrid Fenech, Dr Zachary Galea and Ms Alexia Pollacco will be attending the Malta Superyacht Symposium, which will be held on the 6th and 7th July. This event is being organised by the Malta Chamber and the Malta Maritime Law Association with the aim of providing a platform for local professionals and stakeholders to discuss and analyse the Maltese superyacht industry together with the international yachting community ...
The Financial Conduct Authority (FCA) has proposed the introduction of a new Principle that “a firm must act to deliver good outcomes for retail customers” together with three cross-cutting rules and four proposed customer outcomes ...
The regulations incoprorate requirements on occupational pension scheme trustees under at 2019 Competition and Markets Authority Order to carry out a tender process for fiduciary management services and set objectives for their investment consultants. The Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2022 (Regulations) will come into force on 1 October ...
On July 4th, 2022, three months after the deposit of the instrument of accession before the Director General of the World Intellectual Property Organization, the "Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks" (the "Madrid Protocol") entered into force in our country. The accession determined that Chile joined the Madrid System, which covers 128 countries. The Madrid System contemplates a centralized trademark application and management process ...
Morten V. Meyer is specialised within M&A, contract law, real estate and tax law. His clients are from a wide range of industries. He has extensive experience with reorganisations and with assisting buyers and sellers with the sale and purchase of shares and businesses. In addition, Morten holds a real estate agent insurance and assists buyers and sellers of real estate in all steps of the process, including as settlement manager ...
Camilla Flatum is specialised within shipping transactions and with ship- and bond financing. She has extensive experience from the shipping sector, assisting both owners, brokers, and financial institutions. Camilla also advises clients within the aviation sector, in financing matters especially. She has been associated with Simonsen Vogt Wiig since 2006, having previously worked for Nordic Trustee AS og Skandinaviska Enskilda Banken AB ...
