Please note the following press release. This press release is available at our homepage. A HEUKING team, led by Munich-based Partner Boris Dürr, advised PRIMEPULSE SE on the sale of its majority stake in publicly listed KATEK SE to Kontron Acquisitions GmbH, a wholly owned subsidiary of publicly listed Kontron AG. The transaction involved the sale of roughly 60% of all KATEK shares at a price of about EUR 130 million ...
Carey Olsen Hong Kong celebrated in The Legal 500 2024 Guide Hong Kong managing partner Michael Padarin and partner Jeremy Lightfoot have maintained their place as 'Leading Individuals' for the second consecutive year. Michael, who leads a "commercial and responsive" team was described by clients as "committed and completely reliable" whilst Jeremy was recognised for being "responsive and easy to deal with" ...
Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these ****new statutes****, ****their initial application by Russian courts****, as well as the precedent-setting Russian Supreme Court ruling in the ****Uraltransmash v. PESA**** case in our previous newsletters ...
The beginning of the new year 2024 is a good time to look back to 2023 and to have a look at upcoming changes within the field of employment law. In this article, we will wrap up the previous year by examining two relevant employment law precedents issued during the last months of 2023 and discuss some of the legislative reforms that are expected during 2024 ...
Carey Olsen confirmed as leading listing agent on TISE for eighth consecutive year 2023 saw a number of emerging trends together with an expansion of the offering available at TISE. The second half of the year saw an increased interest in the listing of notes issued by co-issuer structures as well as the use of TISE for programme listings ...
Last week, Shoosmiths hosted an event with leading industry body, Regen on REMA, The UK’s Review of Electricity Market Arrangements. During this event we heard directly from representatives from the Department for Energy Security and Net Zero, debating the most important issues for the clean energy sector to consider and discuss the key options for reform with leading developers and investors ...
The government first announced an increase to the Immigration Health Surcharge (IHS) in July 2023, stating that they expected this to come into force in Autumn 2023. As a result of the required parliamentary process, that increase has been delayed for some months, but the process is now close to completion and the final date for the increase is confirmed. Earlier this week, The Immigration (Health Charge) (Amendment) Order 2023 was approved by both houses of parliament and made into law ...
Non-compete agreements are generally enforceable in Florida, if they are justified by a legitimate business interest and they are reasonable in time, area and line of business. However, a 2019 law invalidated non-compete agreements with certain physicians. Under Section 542 ...
Yesterday, the Oslo District Court issued its decision in the case. The court determined that all three PDO permits are invalid because the greenhouse gas emissions from the fields have not been adequately assessed for their environmental consequences. This is in violation of procedural rules in the petroleum law, interpreted in light of Article 112, paragraph two, of the Constitution, and the EU Project Directive ...
In recent years, there has been an increase in understanding the impacts of wind power development, which has also led to legislative changes in the sector. To reflect this development, the Finnish Ministry of the Environment is currently updating its Wind Power Guide, which was published in 2016. In this article, our Energy practice's Associates Teemu Huhtala and Janne Helaskoski discuss the key objectives and the main features of the revision of the Wind Power Guide ...
On 11 January 2024 the Financial Conduct Authority (“FCA”) published policy statement PS24/1 (without consultation). The policy statement sets out temporary changes to the complaints handling rules for motor finance complaints, amid a rise in complaints against motor finance firms relating to commission ...
In this two-part series, we look back at the various changes to immigration routes which took place in 2023 and what to expect in 2024. As we move into 2024, immigration continues to be a hot topic. As detailed in our immigration changes 2023 roundup, the government have already implemented numerous changes aiming to reduce net migration in the UK ...
A consultation published by the EU Commission on which over-the-counter (OTC) derivatives identifier would best facilitate price transparency closed at the end of last week. While we will need to wait until mid-2024 to hear the Commission’s findings, there are a couple of points of much broader impact and interest to all those interested in operating a multinational business, market structure, technology, digital assets, regulation, cross-border rule harmonisation and data privacy ...
On January 12, 2024, and in compliance with Law No. 21,521 (the "Fintech Law"), the Financial Market Commission ("CMF") published General Rule No. 502, with the purpose of regulating the registration, authorization, and obligations of financial service providers under the Fintech Law (the "NCG 502"). The main subjects addressed by said norm are as follows: 1 ...
Introduction The United States Trustee Program is part of the United States Department of Justice and oversees the administration of bankruptcy cases, including oversight of panel trustees. When a bankruptcy court grants a motion to appoint a Chapter 11 trustee, the United States Trustee (“UST”) is responsible for selecting and appointing the individual who will serve in such capacity ...
In 2023, the U.S. Court of Federal Claims and the U.S. Government Accountability Office issued five bid protest decisions worthy of note: CACI -Federal v. U.S. Matter of Guidehouse Matter of Kupono Government Services LLC Myriddian LLC U.S. SH Synergy LLC U.S. This article provides summaries and discusses how these cases might shape future bid protests. 1. CACI The Facts In CACI, the protester in the U.S ...
By: Sarah Andrzejczak With a new year comes new employment laws, and Colorado is no exception. The following is a brief, non-exhaustive list of key law changes employers should be aware of for the 2024 year: Colorado’s FAMLI program will begin providing paid leave benefits to employees as of January 1, 2024 ...
Carey Olsen acts for Wentworth Resources plc in £61.7 million takeover by scheme of arrangement A Jersey company previously listed on the London AIM market, Wentworth has provided affordable and reliable natural gas to fuel Tanzania's socioeconomic development for the last 20 years. M&P is an oil and gas exploration and production company listed on Euronext Paris, specialising in the production of hydrocarbons ...
On November 23, 2023, the State Council published theOfficial Reply of the State Council on the Work Plan for Supporting Beijing in Promoting the Construction of a Comprehensive Demonstration Zone for Further Opening up the National Service Sector(the "Reply") ...
Anne Marie Seibel, Chair of the ABA Section of Litigation and litigation partner at Bradley, shares her path to leadership within the legal sphere. Hosted by MC Sungaila, this episode dives into the fascinating intersection of Anne Marie’s career trajectory and her prowess in bar leadership ...
Mamo TCV Advocates is pleased to announce the appointment of Dr Joe Borg Bartolo as the Managing Partner of the firm with effect from 1st January 2024. Joe takes over the role from Dr Michael Psaila, who led the firm for a period of just over six years and will now be resuming his full-time position in the firm’s corporate and M&A and banking & finance teams ...
China's Company Law was enacted in 1993 and underwent certain amendments in 1999, 2004, 2005, 2013 and 2018. In response to the latest trends and demands in economic development, China adopted a comprehensive amendment to the Company Law on December 29, 2023 (the "2023 Company Law"), which will take effect on July 1, 2024. The rules concerning capital contribution are of great importance to companies and their shareholders and creditors ...
The Federal Communications Commission (FCC), at its open meeting on December 13, 2023, approved new rules under the Telephone Consumer Protection Act (TCPA) regarding texting that will alter the landscape of lead generation practices ...
As a private equity (PE) lawyer whose bread and butter is doing transactions for PE clients it is fair to say that 2023 felt somewhat different to the years preceding it. Stating the obvious, much of this is macro: continuing (and worsening) economic headwinds, driving rising interest rates, in turn making access to third party debt more challenging and hitting balance sheets of potential investment targets ...
