We publish the new edition of the newsletter on Banking and Finance, Capital Markets and Insurance Law in Angola for the 2nd quarter of 2022 brings together the most significant new developments in these areas. In this newsletter, you can find legislative news regarding the National Bank of Angola, President of the Republic, Government/Parliament and CMC ...
Please be informed that a new Counter-Sanctions Regime of Making Payments in IP-Related Agreements in Russia was established by the Presidential Decree No. 322 dated May 27th, 2022 “On the temporary procedure for fulfilling obligations in respect of certain right holders” (“Decree No. 322”). It came into force on the date of signing. Download the file to see more. https://alrud ...
Even though Belgium is lagging behind when it comes to enacting specific legislation, companies doing business in Belgium should be aware of the risk of being held accountable for human rights violations or environmental pollution up or down their value chain. Human rights violations are a ‘hot’ topic and businesses are confronted with ethical challenges in this respect ...
A recent case provides a new approach to analysis of the enforceability of co-tenancy clauses in shopping center leases. In JJD-HOV Elk Grove, LLC v. Jo-Ann Stores, LLC (June 28, 2022, No. C094190) __ Cal.Rptr.3d __ [2022 WL 2313437] ("JJD"), the Third District Court of Appeal declined to apply penalty analysis under Civil Code §1671 to a co-tenancy clause, as the Fifth District had done in Grand Prospect Partners, L.P. v. Ross Dress for Less, Inc. (2015) 232 Cal.App ...
In light of the sanctions imposed, ALRUD experts have prepared an Overview of Russian Counter-Sanctions measures that have been taken in response to the actions of unfriendly countries since 24 February 2022. The overview focuses on: Russian counter-sanctions measures Liability Prospects for foreign business Recent trends in litigation and arbitration Assumptions and limitations The review is updated on an ongoing basis. Follow the link to learn more ...
INTRODUCTION Cryptocurrencies have been gaining momentum in recent years, notwithstanding various concerns and critiques about the use-case of cryptocurrencies. Cryptocurrencies are digital or virtual currencies built on the Blockchain, secured by cryptography and typically designed to operate as a medium of exchange. Cryptocurrencies had a bull run in 2021 with Bitcoin, the first cryptocurrency, rising from approximately USD7,000 in 2020 to an all-time high of approximately USD69,000 in 2021 ...
Please be informed that new laws, introducing major reform of Russian data protection and information regulation, have been passed by the Russian parliament and signed by the President of the Russian Federation, in July 2022. The reform covers: • Significant changes to the Federal Law No ...
China’s sports arbitration system was previously set out in Article 32 of the Law of the People’s Republic of China on Physical Culture and Sports (the “Sports Law”, as amended in 2016); however, it was never put into practice because the term was too principled in nature ...
From the legislator, it is relevant to draw attention to the new rules on remote court sessions and remote examination. The rules are based on the principle that court proceedings in Norway shall take place in a meeting where the participants are physically present. However, the preparatory works maintains that it’s time to make these regulations more flexible, to ensure appropriate, modern and efficient court proceedings ...
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 ...
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 ...
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 ...
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 ...
Bill 96 ? An Act respecting French, the official and common language of Québec (the ?Act?) - was adopted on May 12, 2022 and assented to on June 1, 2022, its effective date. Certain provisions are already in force; for other provisions, a transitional period ranging from several months to three years will apply ...
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 ...
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 ...
Dear valued clients, colleagues and friends, The High Court ruled that it has no jurisdiction to injunct an application to recognize and enforcean arbitral award on the basis that there are no sums due and owing under the arbitral award. Danieli Co., Ltd filed an application to recognize and enforce a foreign arbitral award ...
In a recent case, a unilateral termination clause in the relevant contract had no bearing on whether termination via agreement between the parties was available, and the court held that novation of the contract by the conduct of the parties was valid ...
The military aggression of Russia and its satellites against Ukraine is not only a personal tragedy of Ukrainians and a threat to the existence of Ukrainian statehood. It also has an economic dimension in the form of huge material losses suffered by both Ukraine in general and each citizen in particular ...
Military action has made adjustments to the activities of the vast majority of companies in Ukraine. Unfortunately, for many employers, the issue of revising the terms of remuneration of staff in the direction of reduction has become relevant. The Law of Ukraine “On the Organization of Labor Relations in Martial Law” (the Law), which entered into force on March 24, reminded of the restriction of the constitutional right to work for the period of martial law ...
What is important to consider? Many Ukrainian citizens are forced to stay abroad due to a full-scale Russian invasion. Some were there before the war and could not return, others had to leave Ukraine after February 24. It is clear that something is very difficult to predict at the moment and it can happen that, depending on your circumstances, your stay abroad can be long ...
