Ohio Record-Retention Rules: How can banks defend themselves after purging account records that are essential to a future lawsuit? An Ohio customer walks into her local branch and demands access to the contents of her safe deposit box. She presents a key and a one-year lease, capable of annual renewal, from 2005. But the key not only fails to open the box – it does not even fit in the lock. And when you search for records of the lease, you find nothing ...
Mayuree Sapsutthiporn, partner and head of China practice, was invited to be a speaker at the School of Law, Mae Fah Luang University on the topic “How to Become a Lawyer: A Personal Experience from a Law Firm’s Partner” to share her career experience and professional insights with law students. The seminar was well attended by over 50 law graduate students, as well as other participants who were interested in the subject ...
Introduction The NPC Standing Committee on June 24, 2022 enacted the Amended Anti-monopoly Law, which entered into force on August 1, 2022 (the “amended Anti-monopoly Law”). This is the first time the Anti-monopoly Law has been amended since its promulgation nearly 15 years ago and is the legislative outcome of a four-year endeavor by China’s lawmakers since the revision work was formally planned in 2018 by the Anti-monopoly Commission of the State Council ...
The Vietnam Competition and Consumer Authority (“VCCA”) recently issued its Annual Report for 2021 (“Report”). In this Client Alert, we outline the information provided by the VCCA on its activities related to the Law on Competition (2018) (“Law”) in 2021. While not addressed in this Client Alert, the Report also outlines other activities of the VCCA during this period including in respect of consumer protection ...
A significant, temporary measure for 2022 has been introduced into the Russian merger control procedure, which may affect the regulatory approval process, in many M&A transactions, and might be specifically relevant for Management Buyouts. On July 14th, 2022, the Federal Law No. 286-FZ came into force ...
In conversation with... Our panel of experts - Nina Pindham of No.5 Chamber, Sam Grange and Will Thomas from Shoosmiths and Rhys Bradshaw from DLP Planning took a fresh look at the new "Planning" Bill and gave us their thoughts. There are many questions that many have about the new ‘Planning’ bill... Is this the final Act for s ...
Shepherd and Wedderburn was delighted to attend the Royal Highland Show after a sorely missed absence over the last two years. It was fantastic to see so many familiar faces throughout the event, and particularly on the Friday at our full capacity breakfast briefing, co-hosted with Bidwells. For those not in attendance, we would like to share the following headline insights and key takeaways ...
The UK Government published last month its annual report on the application of the National Security and Investment Act 2021 (NSIA). The NSIA came into force on 4 January 2022. The report covers the period commencing from that date to 31 March 2022, though future annual reports will cover a full calendar year. The NSIA is already having a significant effect ...
We were delighted to advise our client, the Scottish National Investment Bank, in its investment in pureLiFi, a wireless communications start-up that uses light to transmit data. John Morrison, who led the Shepherd and Wedderburn deal team with support from Ian Crombie and Sophie Bailey, said: “It is a pleasure to have worked with the Bank to facilitate this deal, which supports the roll-out of innovative communications technology and the creation of high skilled jobs in Scotland ...
Shepherd and Wedderburn would like to say thank you to our clients for providing valued and insightful feedback to Chambers and Partners High Net Worth Guide, which has awarded a Band 1 ranking to our private wealth and tax team in Glasgow and Edinburgh. This the first time our team in the central belt has been awarded the guide’s highest ranking ...
Two more states have followed Florida’s lead in adopting laws restricting telephone solicitations. Washington State’s new law went into effect on June 9, 2022. Oklahoma’s Telephone Solicitation Act of 2022 becomes effective November 1, 2022. This means, businesses that make telephone sales calls now must navigate not only the federal statute, but various state laws, some of which are more stringent than their federal counterpart ...
I. Introduction Rising interest rates and a general economic downturn in 2022 has impacted the value of digital assets, including the relatively well-established likes of Bitcoin and Ether. In addition to market headwind, momentum around federal digital assets regulation is growing, culminating in the proposed “Responsible Financial Innovation Act” (the “RFIA”) ...
Malta has, over the past years, attracted a number of the world’s largest superyachts to its shores by offering good marina services and a number of ancillary facilities such as technical assistance and repairs, boat hoists and bunkering services ...
Further in their specialist series Chambers and Partners have launched this year’s guide for professional advisers to wealthy individuals and organisations, providing objective guidance on an international scale. The in-depth analysis covers trends within the private client market and has ranked the leading lawyers and law firms for international private wealth ...
The National Consumer Service ("SERNAC") recently issued an "Interpretative Circular on native advertising and influencers" (the "Circular"), setting forth general guidelines on regulation, legal principles and good practices to the native advertising mechanism and the influencers ...
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Cyber risks are increasing, and as a result, due diligence inquiries and valuations are increasingly focusing on the cybersecurity and privacy risks inherent in a business’s collection, use, retention and disposal of data. Similarly, a business’s information security posture and vulnerability to cyberattacks has become a key concern in corporate due diligence ...
Kudun and Partners represented two high-net-worth Thai individuals on their acquisition of approximately 61% shares in Nation Broadcasting Corporation Public Company Limited from Nation Group (Thailand) Public Company Limited for a total value of THB 898 million. The acquisition of the shares by the buyer will allow Nation Group (Thailand) PCL. to become debt-free ...
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) is once again recognized by Managing IP’s IP STARS 2022 as a Tier 1 firm for its Patent practice. Earlier this year, SyCipLaw was also cited as a Tier 1 firm for its Trade mark work. In addition, the firm’s IP practitioners once again received outstanding rankings this year: Vida M. Panganiban-Alindogan, Partner and Head of IP Department (IPD), Trade Mark StarEnrique T ...
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 ...
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“) ...
On July 7, 2022, the Cyberspace Administration of China (the “CAC”) formally promulgated the Measures for Security Assessment of Cross-border Data Transfers (the “Assessment Measures”), which specify and implement the provisions on data export in accordance with Article 37 of the Cybersecurity Law of the People’s Republic of China (the “CSL”), Article 31 of the Data Security Law of the People’s Republic of China (the “DSL”), and Article
