In a recent circular addressed to Company Service Providers (“CSPs”), the Malta Financial Services Authority (the “MFSA”) announced a number of changes to the Rulebook for Company Service Providers (the “Rulebook”), effective January 23rd January 2024. These changes aim to simplify and enhance the regulatory submission process for licensed CSPs, impacting submissions due in 2024 and thereafter ...
Carey Olsen advises on launch of new private capital administration business, Palmer Palmer was founded by chief executive officer Martin Schnaier, chief financial officer James Ireland, chief legal officer James Bermingham, chief commercial officer Jason Bingham and chief technology officer Phil Godley. All have previously held senior leadership positions in the industry, including at FTSE 250 company, Sanne Group plc, prior to its take-private in 2022 ...
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" ...
On August 11, 2023, the Court of Appeal of Quebec handed down a decision in CFG Construction inc. c. R.,1 dismissing the appeal of the guilty verdict against an employer, CFG Construction inc. (?CFG?), for criminal negligence having caused the death of one of its employees. This decision serves as a reminder of the potential criminal liability of an employer, depending on its legal form, for the death or bodily injury of its employees in the workplace ...
Fintech companies and their partners are on alert as a flurry of new state and federal cybersecurity requirements take effect. The New York Department of Financial Services (NYDFS) and the Federal Trade Commission (FTC) both recently finalized changes that will create additional compliance obligations, expand existing regulations to new entities and mandate that banks and fintech firms move quickly to update their cybersecurity policies and incident-response capabilities ...
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 ...
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 ...
On 10 January 2024, the Pensions Regulator’s General Code of Practice was laid in Parliament, 2 years and 9 months after it was first published for consultation ...
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 ...
We are now several years post-pandemic, and it seems remote working, at least in part, is here to stay. Employees, however, are taking things one step further and last summer, we saw a growing trend of workers interested in working remotely from a holiday property, either in the UK or abroad. We started to see the increasing popularity of the ‘workcation’ where employees work remotely in their location of choice, combining work and leisure ...
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 ...
Legal Business World Once seen as an overreach, Directive (EU) 2019/1937 may soon become the new global standard of worker protections. At the end of 2021, a significant transformation swept through the European Union (EU) corporate landscape with the emergence of the Directive (EU) 2019/1937 or the “Whistleblowing Directive.” The groundbreaking legislation was a clarion call for change by ensuring minimum standards of protection for whistleblowers across the EU ...
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. In May 2023, we saw the Office for National Statistics release net migration statistics which showed that net migration to the UK was increasing, followed in December 2023 by a revision of such figures to show an even greater increase than what was initially expected ...
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 ...
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 ...
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 ...
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 ...
Jonathan Smart, head of the mobility sector at Shoosmiths, comments on upcoming trends and developments to expect in 2024 for the sector. The automotive industry is in the midst of a transformative era, marked by technological breakthroughs and shifting consumer preferences. Staying ahead of the curve is crucial for industry insiders. Let's delve into five pivotal trends that are reshaping the landscape of the automotive sector ...
