Carey Olsen and Alter Domus advise Corten Capital on new €680 million fund The successful completion of this fundraising will allow Corten to work towards its strategy to partner with talented management teams to build market leading business software, services and data companies across Europe and North America ...
On 3 May 2024, the Court of Session upheld the Scottish Ministers’ decision to refuse Miller Homes Ltd planning permission for 250 houses in West Calder. The decision is the first occasion on which the Court has considered Policy 16 of the NPF4 (Quality Homes) and confirms the approach to be adopted when considering applications for development of unallocated housing sites in the absence of an adopted local development plan postdating NPF4 ...
On 15th April 2024, Bill No. 96 titled the ‘Companies (Amendment) Bill’ was presented to Parliament by the Minister for the Economy, Enterprise and Strategic Projects for its first reading. The Bill was subsequently passed as Act No. XVIII of 2024 (the ‘Act’) on the 17th May 2024 ...
When the Second Payment Services Directive1 (‘PSD2’) replaced the First Payment Service Directive, the European Union (‘EU’) introduced the requirement of Strong Customer Authentication (‘SCA’). SCA enhances the security of electronic payments through additional layers of authentication with the aim to mitigate payment fraud ...
Carey Olsen spotlights digital payments potential at 5th Annual International Tech Summit The Summit brought together visionaries, industry leaders, and innovators from around the world to explore the latest advancements in digital assets, blockchain technology, and fintech solutions ...
The Digital Markets, Competition and Consumers Bill (the Bill) completed the legislative process and received Royal Assent on 24 May 2024 and is now law. The changes introduced by the Bill include better protection for consumers in relation to subscription contracts, regulation of fake reviews, the display of ecommerce pricing information (to avoid ‘drip pricing’) and enhanced enforcement measures (including GDPR style fines) against non-compliant traders ...
Our Employment and Benefits practice group recently organised an afternoon seminar focusing on current and upcoming topics in the field of employment law and within the labour market in Finland. This article dives deeper into some of the topics discussed during the successful afternoon at Krogerus and gives a brief overview on what to expect in the coming months in the field of employment law ...
With its January opinion in Raymond James & Associates Inc. v. Jalbert, the U.S. Court of Appeals for the Fifth Circuit held that the bankruptcy debtor's indemnification obligations were discharged by the confirmed plan because the indemnified party failed to speak up ...
On April 23, 2024, the Federal Trade Commission (“FTC”) issued a final rule (“Final Rule”) broadly banning non-competition (“non-compete”) agreements nationwide. With limited exceptions, the Final Rule prohibits employers from entering new non-compete agreements with workers and requires employers to notify workers with existing non-compete agreements that those agreements will not be enforced ...
On April 12, 2024, the China Securities Regulatory Committee ("CSRC") released a public consultation draft of theProvisions on Program Trading Management in Securities Markets (for Trial Implementation)(《证券市场程序化交易管理规定（试行）（征求意见稿）》, the "Draft Provisions") ...
Our Energy practice group has been following the progress of the legislative project which aims to clarify the requirements and processes for offshore wind power in the Finnish exclusive economic zone ("EEZ"). On 23 May 2024, the Finnish Ministry of Economic Affairs and Employment ("Ministry") held a third stakeholder meeting to inform and discuss in detail the draft government proposal, which has just been submitted for consultation ...
A General Election will be held on 4 July 2024. In this article, Sarah Jenkins considers what that might mean for the pensions industry What does the General Election mean for pensions? It has been a busy time for the pensions industry of late - a new policy, consultation or legislation seemingly appeared each month. However, the pensions plates are not the only ones which the Government has been spinning, and much of the planned pension reform has not yet made it to the statute books ...
Finland and Sweden secure key arms procurement under EU security exemption The Finnish Defence Forces Logistics Command has finalized a framework agreement with the Swedish Defence Materiel Agency and Finnish arms manufacturer Sako Oy. This agreement – critical for the enhancement of both nations’ military capabilities – bypasses conventional public procurement procedures, invoking Article 346(1)(b) of the Treaty on the Functioning of the European Union (TFEU) ...
Øystein Nore Nyhus is an experienced real estate and dispute lawyer. He has provided advice and dispute resolution services in a number of complex real estate development projects, both commercial and residential. Additionally, Øystein has significant experience assisting actors in the mineral extraction and mining industry ...
On 16 May, a letter was signed by over 50 participants and groups from the digital asset industry. They sent it to the Speaker and Minority Leader of the U.S. House of Representatives, urging them to back a Bill (HR 4763, the Financial Innovation and Technology for the 21st Century Act or “FIT 21”). FIT 21 is expected to be debated and voted on this week ...
The Automated Vehicles Act has received Royal Assent after a smooth and quick passage through parliament. In this article, Ben Gardner outlines what organisations in the sector can expect to happen next. What is the Automated Vehicles Act? The Act lays the foundations for the future deployment of automated vehicles on public roads ...
When the Scottish Law Commission (SLC) first invited comments in 2018 on the wide-ranging topic of termination of leases, it sought views not only on those elements which were subsequently covered in its draft bill, the Leases (Automatic Continuation etc) (Scotland) (Bill) published in 2022, but also on the Tenancy of Shops (Scotland) Act 1949 ...
Did the United States Supreme Court upend specific jurisdiction in Ford Motor Co. v. Montana Eighth Judicial District Court, 141 S. Ct. 1017 (2021)? Not quite. But the Court did rule for the first time that due process does not require a causal link between the defendant’s activities in the forum and the alleged injury to the plaintiff. This case calls into question decades of precedent in the U.S. Court of Appeals for the First Circuit suggesting otherwise ...
The Russian government has approved draft amendments to the Russian Criminal Code that increase the severity of punishment for leaks of personal data (“PD”) The amendments have changed slightly compared with the version adopted in the first reading ...
Carey Olsen named International Law Firm of the Year by Citywealth The awards recognise the outstanding achievements of leading law firms, trust companies, family offices, tax advisers and investment managers across 39 categories. Corporate partner Steven Rees Davies collected the award on behalf of the firm at a ceremony held at One Great George Street in London on 15 May, which was attended by more than 400 professionals from over 140 organisations ...
Dear Ladies and Gentlemen! Most of the products imported to Russia are subject to strict regulations under Russian and EAEU1 laws. They are regulated by: The general legislation of Federal Law No. 184-FZ dated 27 December 2002 “On Technical Regulation”, which is applied in the absence of special regulation; Special technical regulations for certain types of goods, e.g ...
A guide to structured finance and securitisation in Jersey Carey Olsen is a market leader in structured finance and securitisation in Jersey. Clients of the structured finance and securitisation team include issuers, trustees, companies and global investment banks who we advise on the full range of structured finance and securitisation transactions ...
When assessing your business assets, IP might not be at the front of your mind, but it could be one of your most valuable assets as it’s at the heart of your business. This article provides a whistlestop tour of the IP assets that are important to consider ...
Carey Olsen advises on launch of FSN Capital's Innovative Compass Fund This Compass Fund utilises the same core processes as FSN flagship mid-cap funds, with the latest being the €1.8 billion FSN Capital VI launched in 2021. However, Compass tailors its investment approach and value creation model specifically for smaller companies ...
Carey Olsen advises Shanta Gold on £156.1 million takeover by Saturn Resources Limited The transaction saw Saturn Resources increase its offer from 13.5 pence per share to 14.85 pence per share in order to secure the required support of Shanta shareholders, resulting in the acquisition being approved by more than 80% of the Shanta shareholders who voted at the shareholder meeting to approve the scheme ...
