Knowledge Center

Approval of the “Guide for the Development of a Market Surveillance Program to Monitor the Quality of Products Regulated by the ANRS Throughout the Supply Chain”

On October 4, 2024, the National Health Regulation Authority (ANRS) of Nicaragua approved the “Guide for the development of a market surveillance program to monitor the quality of products regulated by the ANRS throughout the supply chain” through which are established the quality monitoring criteria for products regulated by the ANRS and the...

Travel Rule in El Salvador: Monitoring Financial and Virtual Asset Transactions

To combat AML/FT/FPADM in El Salvador, the Travel Rule is a vital tool that promotes transparency in financial and virtual asset transfers, thereby preventing the concealment of illicit funds.

TozziniFreire Continues its Upward Trajectory in the Chambers Brazil Transactional Guide

TozziniFreire Continues its Upward Trajectory in the Chambers Brazil Transactional Guide Focused on the corporate market, the guide gathers the outcomes that highlight the performance of the firm's practice areas and partners Once again, TozziniFreire Advogados is one of the most prominent firms in the guide recently...

2024 WLG Whistleblower Guide: Spain

Spain's Law 2/2023 mandates that companies meeting specific thresholds implement secure, confidential whistleblowing systems to report regulatory violations and corruption. Discover which organizations must comply, permissible reporting formats, and the steep fines for non-compliance in Cuatrecasas' full chapter.

Key Elements for the Employment Inclusion of People with Disabilities in Nicaragua

The article examines the obligations imposed by Nicaraguan legislation and international treaties, particularly the Convention on the Rights of Persons with Disabilities, to promote the inclusion of people with disabilities in the workplace. It analyzes employers' responsibilities, such as implementing reasonable accommodations and meeting...

2024: Doing Business In Argentina

Argentina offers significant business opportunities through initiatives like the Large Investments Incentive Regime (RIGI), which encourages investments in key sectors such as mining, energy, and infrastructure by providing tax and regulatory incentives. The country's focus on boosting non-conventional hydrocarbons production, particularly in...

OSFI Releases Annual Report For Fiscal Year 2023 – 2024

On October 15, 2024, the Office of the Superintendent of Financial Institutions (OSFI) published its annual report for the fiscal year from April 1, 2023 to March 31, 2024 (the “Annual Report”), which provides an overview of OSFI’s performance and major achievements during the year. Throughout the fiscal year, OSFI achieved several key...

Cybersecurity and the Future of LegalTech: Challenges and Opportunities for the Legal Sector in Argentina and Latin America

Cybersecurity in LegalTech: Challenges and opportunities for Argentina and Latin America's legal sector.

The National Artificial Intelligence Program: Harnessing Technology for the Common Good in Argentina

Argentina's National AI Program promotes innovation, ethical AI use, and socioeconomic growth.

WLG | impact '24: PLMJ Promotes Legal Literacy Among Children

For the fourth consecutive year, more than 100 students from across the north and south of the country welcomed PLMJ's teams from our offices in Lisbon, Porto and Faro to introduce them to legal questions such as 'what is a court', 'what does a lawyer do' or 'how does a law get passed' in an innovative and educational way.

The Way Forward for Foreign Investment under New Healthcare Policies: Prospects and Challenges in the Fields of Stem Cell and Gene Therapy and Wholly Foreign Owned Hospitals

The article outlines the background of the introduction of China’s new healthcare policies, highlighting the risks for foreign enterprises invest ment under these regulations and the impact of US legislation on biotechnology and data security. By strategically planning and allocating resources from the outset, foreign enterprises can expect...

From a Legal Perspective: "Technical Challenges"; and Potential Outcomes of Customs Voluntary Disclosure in China

In this article , we examine a real world case that demonstrates how China's customs voluntary disclosure policies offer great benefits to enterprises . Despite these benefits, however, it is crucial for enterprises to evaluate the applicability of these policies to mitigate any potential adverse effects on their future operations.

WLG | impact '24: S+S Makes an Impact

Santamarina + Steta launched two major recycling campaigns in 2024: Reciclatón 2024 (June 17 - July 5) collected 3 tons of e-waste, recycling plastics, metals, and batteries in partnership with E-waste services. Recolección Verde (July 30 - August 21) gathered 15 kg of donated and recycled clothing, repurposing it into products like...

Ryan Miske: New KCP, Faegre Drinker

"As a recently selected KCP, I hope to establish strong and long-lasting ties with other WLG members. I aim to further strengthen our firm's presence within the WLG network and pursue more opportunities for collaboration and joint business development activities."

Elements of Consumer Protection in the Context of Traditional and Electronic Commerce in Costa Rica

Rolando García, Senior Counsel in ARIAS Costa Rica and expert in Commercial Law, shares with us the following article on how the paradigm shifts in the way consumers acquire goods and services generates the need to analyze the relevance and effectiveness of existing consumer protection regulations. Particularly, on the elements that would allow...

Argentina: Court of the Province of Santa Fe Used Artificial Intelligence in Case Resolution

An Argentine ruling confirmed a self-satisfying measure in favor of the plaintiff, ordering the defendant to provide running water for human use and consumption. Additionally, the company must grant a discount to the user on the service supply amount. The court utilized technological tools, such as META AI and WhatsApp's artificial intelligence...

WLG | impact '24: Formosa Transnational Publishes “ESG and Modern Legal Practice”

Formosa Transnational (FT) established its ESG Research Group in 2020. Since then, the ESG Group has actively explored and advanced issues related to CSR, ESG, and the SDGs within monthly meetings, including: ESG governance in enterprises, due diligence on human rights and other ESG issues, sustainability agreements and antitrust, green washing...

WLG | impact '24: Urenda, Rencoret, Orrego y Dörr Collect Books and Clothing to Aid Communities

Charitable drive collecting books and clothing to aid communities and promote sustainability

Open for business? New Zealand set to relax foreign direct investment regulation

Foreign investors will soon find it much easier to invest in businesses and land in New Zealand, with the Government’s commitment to reform the Overseas Investment Act 2005 (OIA).

Class Action Filed in Argentina Over Risks of AI-Enabled Facial and Voice Cloning

The Public Prosecutor's Office of CABA has filed a class action against websites that utilize artificial intelligence to clone facial features and voices. This legal action aims to block access to these platforms, highlighting serious deficiencies in service providers' responsibilities to protect consumer information and rights.

WLG | impact '24: Vaish Associates Advocates Organized a Community Health, Nutrition Awareness Camp & Education

This year, Vaish Associates Advocates continued with its commitment to provide holistic development to the children and to raise awareness in the community on health and nutrition, in two slums in the outskirts of New Delhi.

WLG | impact '24: The Charity Activities of Zhong Lun Law Firm

In 2024, Zhong Lun Law Firm proudly supported several impactful initiatives aimed at advancing education and sustainability in China. Our Talent Training Project focused on nurturing skills at Chinese universities, while our broader Educational Project reached universities in western China to further empower young minds. We also participated in...

WLG | impact '24: Pellerano Nadal Supports Multiple Organizations

This year, as part of the WLG | impact '24 initiative, the firm decided to continue its support to Fundación La Merced and Tapitas x Quimio.

Tax Updates August 2024 (SyCipLaw Tax Issues and Practical Solutions (T.I.P.S.) Vol. 34)

Tax Updates August 2024 (SyCipLaw Tax Issues and Practical Solutions (T.I.P.S.) Vol. 34).

AIAC Kicks Off Asia ADR Week 2024, Spotlights the Latest in ADR; SyCipLaw’s Ricardo Ma. P.G. Ongkiko is a Featured Speaker

AIAC Kicks Off Asia ADR Week 2024, Spotlights the Latest in ADR; SyCipLaw’s Ricardo Ma. P.G. Ongkiko is a Featured Speaker

SyCipLaw Achieves ‘Outstanding’ Recognition Across All Categories in 2024 asialaw Research

SyCipLaw Achieves ‘Outstanding’ Recognition Across All Categories in 2024 asialaw Research

WLG | impact '24: Shearn Delamore & Co.'s CSR Collaboration with PERTIWI Soup Kitchen

Earlier this year in April, the firm participated in the initiatives of the PERTIWI Soup Kitchen.

WLG | impact '24: Shearn Delamore & Co.'s CSR Tree Planting Activity

As part of the WLG | impact '24 initiative, Shearn Delamore & Co. was pleased to collaborate with the Forest Research Institute Malaysia (FRIM), which organised a Tree Planting Day.

Mental Wellbeing at Work: A Pillar of Business Sustainability

Mental health in the workplace is an issue that impacts not only the wellbeing of employees but also the long-term success of organizations. Catalina Rivera, labor law expert at ARIAS Costa Rica, highlights the critical importance of addressing mental wellbeing as a corporate responsibility. As stress, anxiety, and burnout become more prevalent,...

The Cineplex Decision – A New Chapter Opens in Canadian Competition Law

The Competition Tribunal released its reasons in Commissioner v. Cineplex on October 3, 2024. It is the first decision under the Competition Act’s “drip pricing” misleading advertising provision, which was added in 2022. This Update discusses important insights from the decision about (i) how the Competition Act’s misleading advertising...

WLG | impact '24: Greenberg Glusker Gives Back: Preparing 450 Meals for Families in Need at Our Big Kitchen Los Angeles

Greenberg Glusker volunteers prepared 450 meals for families in need at Our Big Kitchen LA.

The Judiciary of San Luis Approves the Implementation of the Generative Artificial Intelligence Program

The Judiciary of San Luis has approved the implementation of the AI program, aimed at enhancing case management and resolution. This artificial intelligence tool seeks to increase efficiency and public trust in the justice system, while preserving the ethical responsibilities of judges. The initiative includes evaluation, training, and a phased...

AZB & Partners Acted for Accenture

AZB & Partners acted for Accenture on its acquisition of 100% of Bangalore-based chip design company Excelmax Technologies Pvt Ltd., with a view to expand its growing silicon design and engineering capabilities. Our AZB team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associates Anshuman Bharadwaj and...

Jenna Bozzo: New Events & Member Engagement Specialist, WLG

"By investing in opportunities for collaboration, I hope to help strengthen our collective impact. I'm thrilled to be part of the WLG team and contribute to such a dynamic and impactful organization!"

WLG | impact '24: Alfaro Abogados Commitment to Digital Inclusion through Fundación Equidad

Alfaro Abogados' Project for the Global Impact–WLG Initiative 2024: Commitment to Digital Inclusion through Fundación Equidad. At Alfaro Abogados, we have chosen to engage with Fundación Equidad, a non-profit organization based in Buenos Aires, Argentina, that has been dedicated to reducing the digital devices for over 20 years....

The National Artificial Intelligence Program: Harnessing Technology for the Common Good in Argentina

Argentina has increased its focus on technology and innovation, highlighting AI as a key driver of development. The National Artificial Intelligence Program aims to integrate AI across various sectors to boost economic growth and social welfare.

Legal Design in Argentina and Latin America: A path towards Legal Innovation

Legal Design is reshaping legal services in Latin America by enhancing accessibility, client experience, and operational efficiency, while driving innovation through user-centered approaches and legaltech integration.

Application of the Right of Withdrawal in Costa Rica: Convenience and Comparative Analysis With Spanish Legislation

The right of withdrawal in Costa Rica, regulated by Law 7472 and its regulations, are limited to door-to-door sales. It allows consumers to rescind contracts within eight business days of their completion without any liability. This provision, an exception to the principle of Pacta Sunt Servanda, protects Costa Rican consumers. Unlike Spain,...

WLG | impact '24: Gowling WLG's Corporate Social Responsibility Campaign

Corporate Responsibility Campaign Champing Responsible Business and keeping 'good things' at the heart of everything they do, international law firm Gowling WLG has set up a giving initiative and fundraising platform,  Gowling WLG Gives . Gives raises funds for charities and community groups through a series of engaging...

AZB & Partners Acted for Oravel Stays Limited

AZB & Partners is acting for Oravel Stays Limited and its group entities (“OYO Group”), on the proposed acquisition of G6 Hospitality, operator of Motel 6 and Studio 6, from Blackstone in USA, for USD 525 million.

The Importance of Seeking Legal Advice Before a Social Security Inspection

It is common for the Guatemalan Social Security Institute to monitor employers' and affiliates' compliance with the payment of contributions to the social security system through workplace visits, regardless of their nature, and by reviewing accounting books, salaries, payrolls, payment receipts, and any other labor-related documents. This can...

Special Provisions for the Promotion and Granting of Tax Incentives to Support the Development of High-rise Real Estate Projects

The new provisions are intended to encourage investments and economic activities in real estate development projects with 35 floors or more.

WLG | impact '24: VILAF Donates to Students in Yen Bai

As part of VILAF’s annual initiatives and WLG | impact, VILAF donated to students in Yen Bai.

Argentina Releases Guidelines for Responsible AI Implementation

Argentina has released a guide aimed at ensuring responsible AI implementation. Developed by the Agency for Access to Public Information (AAIP), this guide addresses the implications of automated decision-making systems and seeks to support both public and private entities in incorporating ethical standards into their AI projects.

WLG | impact '24: Chandler MHM Limited Plants Gardens at Local Schools

This year we have gone on two school trips to assist with their vegetable garden project, school renovation, and supply donation. The activities included establishing vegetable plots and mushroom silos to supplement the school lunch program, fence and playground renovation, and donation of school supplies and funds. 15 May – Wat Tanod Temple...

Reputational Risk of Tax Evasion: Panama Releases List of Tax Debtors

Our tax expert in Panama shares this article on tax evasion and the measures adopted by Panamanian authorities.

Bills Currently Being Discussed in the Legislative Assembly That Seek Significant Changes in Worklplaces

The updating of laws and the clarification of legal gaps necessitate the emergence of new regulations or reforms of existing ones; therefore, bills currently being discussed in the Legislative Assembly will be analyzed.

Tax Reforms For Non-profit Organizations (NPOS): Notable Changes in Income Tax Management

Róger Pérez and Douglas Vásquez, our lawyers in Nicaragua, experts in taxes and tax planning, share with us this article about the scope of Law 1040, which contains reforms and repeals to Law 822 "Tax Concertation Law" (hereinafter "LCT”).), and its impact on Non-Profit Organizations (hereinafter "NPOs”). As of Law 1040...

New Regulations for the Sanitary Control of Food and Beverages

The new Food and Beverage Health Control Regulation from ARSA, in effect since September 2, 2023, reinforces food safety with stricter standards on hygiene, ingredients, and labeling. It applies to everything from raw materials to processed foods, ensuring safety throughout the entire food chain. This regulation enhances public health and...

Lawyer: Prevention of Unnecessary Risks and Costs

This article highlights the importance of lawyers as strategic allies in business legal compliance and risk prevention, helping business owners avoid unforeseen risks and costs. It emphasizes the need for proactive legal advice in areas such as commercial, labor, regulatory, and corporate law to prevent issues that could impact operations.

Digitalization in Honduras: Regulation on Electronic Signatures

Digital transformation is an imminent need for companies and governments around the world. In this context, the electronic signature has become an essential tool to facilitate the execution of contracts, commercial transactions and other legal acts without the need to be physically present.

AZB & Partners advised Fortum

AZB & Partners advised Fortum on restrictions under Indian law governing documents in relation to divestment of its entire shareholding in Chempolis Oy and Fortum 3 B.V. AM Green has acquired shares of Fortum in these entities with an investment of ≈ USD 1 billion with a vision of producing 0.5 million tonnes per annum of Sustainable Aviation...

Netherlands Publishes Survey on Compliance with “Guidelines for Online Consumer Protection”

In August 2024, the Dutch Consumer & Market Authority released a survey of webshops on adherence to the “Guidelines for Online Consumer Protection”. The study aimed to assess if webshops were complying with regulations to prevent online consumers from being misled. Key findings from the study are outlined below.

DOLE Labor Advisory No. 20-23: Guidelines on the Implementation of the Workplace Policy and Program on Cancer Prevention and Control in the Private Sector

DOLE Labor Advisory No. 20-23: Guidelines on the Implementation of the Workplace Policy and Program on Cancer Prevention and Control in the Private Sector.

2024: Doing Business In Georgia, USA

Georgia, USA, boasts a pro-business government and a fast-growing economy. These factors present opportunities for new companies, especially in fintech, data processing, AI, and R&D, supported by a diverse workforce. Member firm Miller & Martin PLLC has recently expanded its offerings with a dedicated Resort & Hospitality practice, building on...

AZB & Partners Advised Patanjali Ayurved Limited

AZB & Partners advised Patanjali Ayurved Limited and Patanjali Parivahan Private Limited, promoters of Patanjali Foods Limited ("Sellers"), on the sale of its equity shares for an amount aggregating to INR 20 billion. The sale took place on the floor of stock exchange via the screen-based trading platform. Jefferies India Private...

Cedric Guyot: Former Key Contact Partner, CMS Belgium

"Be present in meetings and be active in the groups. Even though technology allows members to communicate using various IT or telecom tools, physical presence and relationships are still the source of success, as this is the only way to create trust."

Philippines: DOLE Labor Advisory No. 23-23

On September 20, 2023, the Department of Labor and Employment (DOLE) issued Labor Advisory No. 23, Series of 2023, adopting a new set of health protocols for workplaces following the lifting of the State of Public Health Emergency due to COVID-19.

AZB & Partners Advised Swades Foundation

AZB & Partners advised and represented Swades Foundation, a non-profit organization, as the sole counsel on the listing of zero coupon zero principal instrument of face value of INR 1 each aggregating up to INR 10 crores on the social stock exchange (SSE) of National Stock Exchange. This is the biggest issue size by a not-profit organization and...

2024: Doing Business in Uganda

Uganda offers excellent opportunities for foreign direct investment due to its rich mineral resources, including gold, silver, and platinum. The country also has significant potential in renewable energy, especially solar, wind, and mini hydropower. Its thriving agricultural sector further strengthens its investment appeal. The Ugandan...

2024: Doing Business in Mauritius

Mauritius' economy is diversified. It is recognized as an established offshore financial center for investment on the African continent, with various international banks present in the country. Investment opportunities exist in agro-industry, blue economy, education, financial services, freeport and logistics, healthcare and pharmaceuticals,...

AZB & Partners recently advised and represented Jefferies India Private Limited and JM Financial Limited

AZB & Partners recently advised and represented Jefferies India Private Limited and JM Financial Limited as the book running lead managers to the qualified institutions placement of equity shares by Sona BLW Precision Forgings Limited, for an aggregate amount of ₹ 24 billion.

A Look Back at the 6th Edition of TozziniFreire’s Inclusion Week

  From August 26-30, TozziniFreire held the 6 th edition of its Inclusion Week, an internal initiative for learning and sharing experiences across all the firm’s offices. The event engages its personnel and social entrepreneurs from NGOs, seeking to raise awareness of the four priority themes of its Inclusion program, also...

AZB & Partners acted for Oravel Stays Limited

AZB & Partners acted for Oravel Stays Limited (OYO India) on its acquisition of 100% shareholding of Checkmyguest from its existing shareholders by way of secondary purchase involving a cash and stock transaction.

2023: Doing Business in Vietnam

Vietnam's economy now shows signs of recovery following an economic downturn from 2020 to 2023. Manufacturing and real estate present the most opportunities for foreign investment in the country, with manufacturing accounting for 66.4% of the total registered foreign direct investment, driven by its crucial role in Vietnam’s export-oriented...

Derivatives Business Conduct Rule Coming into Force this Month; CSA Publishes FAQs

The Canadian Securities Administrators (CSA) recently published CSA Staff Notice 93-302 Frequently Asked Questions About National Instrument 93-101 Derivatives: Business Conduct (FAQs), which clarifies how certain requirements under National Instrument 93-101 Derivatives: Business Conduct Rule (NI 93-101) should be implemented and responds to...

AZB & Partners recently advised and represented Max Estates Limited

AZB & Partners recently advised and represented Max Estates Limited (“the Company”) for the qualified institutions placement of equity shares by the Company, for an aggregate amount of INR 800 crores. The deal team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our senior associates, Aratrika Choudhuri and Rajat...

Bruchou & Funes de Rioja Introduces Its New Corporate Conflict Platform

Bruchou & Funes de Rioja introduces its new Corporate Conflict Platform, created to address the legal and commercial challenges related to corporate conflicts within companies in Argentina.

AZB & Partners represented Standard Chartered Bank (Singapore) Limited before the Supreme Court

AZB & Partners successfully represented Standard Chartered Bank (Singapore) Limited (“SCB/Respondent”) before the Supreme Court in an appeal filed by the suspended director (“Appellant”) of RCI Industries & Technologies Ltd. (“RCI”) challenging the order of NCLAT upholding the initiation of CIRP under the IBC against RCI. The Supreme Court...

2023: Doing Business in Taiwan

Taiwan is one of Asia's major exporters of technology goods, with semiconductors as the top area for opportunity, followed by healthcare, renewable energy, 5G, and telecommunications. The country boasts a high degree of economic freedom that is greatly recognized and appreciated internationally, making it a good destination for investments....

AZB & Partners advised Max Estates

AZB & Partners is advising Max Estates on New York Life Insurance’s proposed acquisition of 49 percent stake in two commercial projects of Max Estates for INR 388 crore. Our deal team comprises our Senior Partner Anil Kasturi, Partners Anisha Shridhar and Anshuman Vikram Singh, Associates Sheetal Aery and Gunjan Hariramani, with support from...

Preparing for Partnership: Insights from Industry Experts

Advice to young lawyers from WLG | beyond borders '24 mentors April Holland of Miller & Martin PLLC (Georgia-USA) and Micky Yang of Gowling WLG (England).

TozziniFreire Advogados Celebrates 48 Years of Operations in the Market and Revitalizes Plans to Consolidate its Leadership

The firm reaches nearly half a century with 55 areas of expertise, 25 sector groups, 7 international desks, 85 partners, and over 1,300 professionals.

Argentina creates the Artificial Intelligence Unit for Security

The Ministry of Security of Argentina has announced in the Official Gazette the creation of the Artificial Intelligence Unit for Security. This unit, operating within the Cybercrime and Cyber Affairs Division of the Cabinet Advisory Unit, is tasked with preventing, detecting, and investigating crimes using AI.

Approval of Chatbot Use in the Judiciary of Chaco Province, Argentina

The Judiciary of Chaco, Argentina, has implemented a chatbot for the personalized assistance of registered lawyers, available 24/7 via WhatsApp, under Resolution 637/24. This tool aims to modernize access to judicial information and streamline processes, maintaining strict security and confidentiality protocols.

Ways to Protect Innovative Pharmaceutical Products in Nicaragua

Carlos Úbeda, associate in ARIAS Nicaragua and expert in Intellectual Property, shares the following article on different ways to protect innovative pharmaceutical products in Nicaragua.

AZB & Partners advised Perfect Day Inc

AZB & Partners advised Perfect Day Inc. on sale of 50% shares of Sterling Biotech to Zydus Animal Health and Investments Limited, a subsidiary of Zydus Lifesciences. Our deal team comprised our Senior Partners Hardeep Sachdeva and Ravi Bhasin, Partner Sudish Sharma, Senior Associate Gursimran K. Kohli, Associates Druheen Mohanty and Ananya...

Dr. Kai Wallisch: New Key Contact Partner, CMS Germany

"One big aspect of every summit is to connect and build a network. This helps me to advise on international projects and to refer clients and colleagues to other delegates... my key goal for the WLG summit in Buenos Aires is to build new and strengthen existing relationships."

PIArb Conducts Panel Discussion on Quantification of Damages in International Arbitration

The Philippine Institute of Arbitrators, Inc. (PIArb) recently hosted a panel discussion focusing on the quantification of damages in international arbitration. The event took place at the SyCipLaw Center in Makati City, and attracted a diverse audience of lawyers, engineers, law students, and other professionals. The esteemed panel...

Thailand: Revamped: The SEC’s New Framework for Ready-to-Use Utility Tokens

The Securities and Exchange Commission (the “SEC”) has recently approved amendments to the regulatory framework for ready-to-use utility tokens. These changes aim to better align regulations with the distinct characteristics, risks, and uses of each token type. The amendments are designed to ensure appropriate protection for users without...

Thailand: Enhanced Governance Standards for Digital Asset Operators

The Securities and Exchange Commission (the “SEC”) has updated the governance standards for digital asset business operators to establish robust corporate governance and operational oversight mechanisms that address the unique characteristics and risks associated with their business activities. Additionally, the SEC has revised the guidelines...

The Innovation Laboratory of Mendoza (Argentina) is participating in the Generative AI Pilot Program

The Supreme Court of Mendoza, through its Innovation Laboratory (JusMendoza.Lab), will be part of the Pilot Program for Strategic and Responsible Use of Generative AI in Argentine Justice, which brings together more than 20 judicial institutions in the country to evaluate the use of generative artificial intelligence tools such as ChatGPT and...

WLG Upcoming Events

World Law Group has numerous opportunities for you to connect virtually with your WLG colleagues over the next two months! RSVP below for upcoming events.

Argentina: National Tax Court Launches Its Innovative AI-Assisted Search Tool

Argentina's National Tax Court (TFS) has launched an innovative AI-assisted search tool designed to transform legal research. This state-of-the-art platform leverages Natural Language Processing (NLP) and Machine Learning to deliver precise case law retrieval, even with varying query language and minor typographical errors.

AZB & Partners Dismissal Order From the National Company Law Tribunal, Ahmedabad

AZB & Partners was successful in securing a dismissal order from the National Company Law Tribunal, Ahmedabad in an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against its client, Detox India Private Limited. Copy of the order dismissing the application is accessible at AZB Team comprised of Anuja...

Court Stops FTC Noncompete Rule: What Should Employers Do Now?

In April 2024, the Federal Trade Commission issued a nationwide rule banning noncompete agreements starting on September 4 — on August 20, a federal judge in Texas issued a sweeping decision that prevents the FTC’s Noncompete Rule from taking effect.

Brazil-Korea Conference 2024 – TozziniFreire Will Be Present

The Brazil-Korea Conference, aimed at offering opportunities to entrepreneurs and professionals engaged with both countries, will hold its 12th edition in 2024 and discuss opportunities and challenges in the bilateral relations between Brazil and South Korea. The conference seeks to foster new relationships and business, establishing...

AZB & Partners acted for Hong Kong based China Lodging Holdings (HK) Limited

AZB & Partners acted for Hong Kong based China Lodging Holdings (HK) Limited (a part of Huazhu Hotels Group, operating in Asia under the brand name ‘H World’) on its partial exit from Oravel Stays Limited (OYO) and sale of equity shares of OYO to Incred Wealth and Investment Services Private Limited. Our deal team comprised our Senior...

SyCipLaw Partner Rose Marie M. King-Dominguez is New Head of the Firm's Special Projects Department

SyCipLaw Senior Partner Rose Marie M. King-Dominguez has been appointed as the head of the Firm's Special Projects Department, effective September 1, 2024. She succeeds Rocky Alejandro L. Reyes, who retired in August 2024 and who will continue to serve as Of Counsel to SyCipLaw.

TozziniFreire Announces New Partner in its Infrastructure and Energy, Corporate, and M&A Practice Areas

Ligia Pereira Schlittler returns to the firm bringing 25 years of experience in energy regulation and M&A, with focus on renewable energy and infrastructure projects.

SyCipLaw Appoints Retired Partner Rocky L. Reyes as Of Counsel

SyCipLaw announces the retirement of partner and Special Projects head Rocky Alejandro L. Reyes from the Firm, effective August 31, 2024. Rocky, who also served as a member of the Firm's Executive Committee for several years, will continue to serve as Of Counsel to the Firm.

AZB & Partners acted for Oravel Stays Limited (‘OYO’) on its ongoing Series G funding round

AZB & Partners acted for Oravel Stays Limited (‘OYO’) on its ongoing Series G funding round. OYO has raised a total of more than USD 25 Million from Ask Financial Holdings Private Limited, Incred Wealth and Investment Services Private Limited and J&A Partners. Our deal team comprised our Senior Partner Niladri Maulik, Partner Anshuman Vikram...

Thailand: Client Alert - PDPC Takes the Reins: First Penalty Imposed!

Since the Personal Data Protection Act, B.E. 2562 (2019) (PDPA) became fully effective in 2022, the Personal Data Protection Committee (PDPC) has indicated their intention to spread knowledge and awareness about the law, encouraging compliance across all sectors. Despite receiving over 660 complaints by June 2024, the PDPC has not been imposing...

AZB & Partners has been advising Amazon on the recent beta launch of Rufus, its new generative AI-powered conversational shopping assistant

AZB & Partners has been advising Amazon on the recent beta launch of Rufus, its new generative AI-powered conversational shopping assistant, which will use AI to personalize user's shopping journey. Rufus has been trained on Amazon's vast product catalog and web information, basis which it has been trained to answer user questions, compare...

AZB & Partners recently advised Internet Fund III Pte Ltd

AZB & Partners recently advised Internet Fund III Pte Ltd (an affiliate of Tiger Global Group) as a selling shareholder in the initial public offering by Ola Electric Mobility Limited which aggregated to INR 61,455.59 million. The book running lead managers to the IPO were Kotak Mahindra Capital Company Limited, BofA Securities India...

WLG | impact '24: Hunton Andrews Kurth LLP Hosts Upcycling Drive and Succulent Bar to Support WLG's Impact Initiative

Hunton Andrews Kurth LLP hosted a "build your own" succulent bar and hosted an upcycling drive throughout all of our U.S. office to collect prescription pill bottles, eye glasses and wine corks.

AZB & Partners represented the Walt Disney Company and Star India Private Limited

AZB & Partners represented the Walt Disney Company and Star India Private Limited in securing the approval of the Competition Commission of India (CCI) for the USD 8.5 billion merger of Viacom18 and Disney’s Indian media businesses. The approval is subject to the compliance of certain voluntary modifications. Our competition team was led by...

The Discovery of Evidence Introduced by the New Code of Civil Procedure of Panama

Panama’s legal system is evolving! Starting October 2025, the new Civil Procedure Code introduces “Discovery,” a key process from common law that requires parties to disclose all evidence before trial, ensuring a fairer and more efficient judicial process.

Guidelines for a Successful Trademark Registration in Costa Rica

Our attorneys in Costa Rica, specializing in Intellectual Property, share key recommendations for successfully registering trademarks in the country. Properly managing an intellectual property portfolio is crucial to avoid mistakes that could jeopardize a company's rights.

Legal Matters of the Termination of Mandates in Nicaragua

This Newsletter addresses the essential legal aspects to be taken into consideration before the termination of mandates granted in Nicaragua.

The Central Bank of Honduras (BCH) Increases the Monetary Policy Rate (MPR) from 3.0% to 4.0%

The increase from 3% to 4% in the monetary policy rate by the Central Bank of Honduras to mitigate domestic inflationary pressures and preserve the country's external position.

The New Jurisdictional Thresholds for the Peace Courts

In a world where commercial activities are increasingly frequent, and the economic needs, as well as the rising prices and costs of products, continue to grow, the Supreme Court of Justice has been compelled to amend the jurisdictional thresholds of the Peace Courts in municipalities across the Republic.

New Intellectual Property Law in El Salvador

The Legislative Assembly has approved the "Intellectual Property Law," which consolidates previous laws and establishes the Salvadoran Institute of Intellectual Property. This law modernizes the protection of copyrights and trademarks, promoting digitalization and expanding coverage to new digital environments.

AZB & Partners has acted for Craftsman Automation Limited

AZB & Partners has acted for Craftsman Automation Limited, a manufacturer of components for automotive & industrial engineering sectors, on its acquisition of a residual 24% stake in DR Axion India Private Limited (‘DRAIPL’). Post completion of the transaction, DRAIPL has become a wholly owned subsidiary of Craftsman Automation Limited. Our...

AZB & Partners advised Greenizon Agritech Consultancy Private Limited

AZB & Partners advised Greenizon Agritech Consultancy Private Limited (Jai Kisan), on its acquisition of a majority stake in the Kushal Finnovation Capital Private Limited, a non-banking financial company. The deal team comprised our Senior Partners Vaidhyanadhan Iyer and Gautam Ganjawala, Partner Karthik Mudaliar and Associates Sanghamitra...

AZB & Partners represented Dr. Agarwal’s Health Care Limited

AZB & Partners represented Dr. Agarwal’s Health Care Limited (‘AHCL’) in its joint venture with Thind Eye Care for providing ophthalmological diagnostic and surgical services and operating state-of-the-art super specialty hospitals in the territories of Punjab, Himachal Pradesh and Chandigarh. Our deal team comprised our Senior Partner...

Whistleblower Guide

 

2024 WLG Whistleblower Guide: Germany

Germany's Whistleblower Protection Act, which came into effect July 2, 2023, mandates that all companies with 50 or more employees establish an internal reporting system to safeguard whistleblowers and encourage ethical corporate practices. Learn how this law impacts businesses and the potential fines for non-compliance by reading...

WLG | impact '24: Al Tamimi and Company Law firm Spreads Joy

In a heartwarming display of corporate social responsibility (CSR), Al Tamimi & Company law firm recently partnered with  Senses Residential and Day Care for Special Needs  to celebrate Eid with the children at the center. This initiative underscored the firm’s commitment to giving back to the community and creating meaningful...

WLG | impact '24: Locke Lord Gives Back

Locke Lord is committed to giving back to the communities in which we work and live through our considerable investment of time and resources in making sure our business initiatives are part of creating a better world around us. This year, Locke Lord partnered with three local organizations during WLG | impact ’24: Woonasquatucket...

AZB & Partners advised Ravindra Energy Limited on the development of a solar captive project in Hingoli, Maharashtra

AZB & Partners advised Ravindra Energy Limited on the development of a solar captive project in Hingoli, Maharashtra for Hindustan Composites Limited (“HCL”). HCL intends to buy power, as captive consumer, from the captive project which is to be commissioned by March 2025. This is part of the C&I portfolio being developed by Ravindra Energy...

AZB & Partners represented the promoter of Kalyan Jewellers India Limited

AZB & Partners represented the promoter of Kalyan Jewellers India Limited in a transaction involving purchase of 2.36 percent stake from Highdell Investment Limited (Warburg affiliate) for INR 1,300 crores. Our deal team comprised of our Partners Siddharth Khanna and Varun Lamba, along with Senior Associate Shubham Toshniwal. They were...

AZB & Partners represented Reliance General Insurance Company Limited

AZB & Partners successfully represented Reliance General Insurance Company Limited (“RGIL”) and defeated a summary judgment application under Order XIII-A of the Code of Civil Procedure, 1908, filed by Future Generali India Insurance Company Limited (“FGIL”) before the Bombay High Court (“Court”). The commercial suit was filed by FGIL seeking...

WLG | impact '24: CMS Belgium Receives the Silver Medal from Ecovadis

For the 3rd year running, CMS Belgium has been awarded a silver medal by Ecovadis, improving its ESG performance with an overall score of 70%. Ecovadis analyses the performance of companies according to their environmental, social, ethical and sustainable purchasing engagements and results.

WLG | impact '24: Bae, Kim & Lee Co-Hosts NPO Legal Support Group Training Program

On April 27, Dongcheon Legal Center for NPOs co-hosted the 11th NPO Legal Support Group Training Program at Bae, Kim & Lee LLC with the Korean Bar Association and the Seoul Bar Association. The program, which was launched in 2017, aims to train legal practitioners to assist non-profit organizations (NPO) and promote pro bono...

AZB & Partners acted for Warburg Pincus

AZB & Partners acted for Warburg Pincus on its recent acquisition of a majority equity stake in furniture fittings maker Ebco Private Limited.

WLG | impact '24: Soulier Avocats Partners Up with FAF APRIDEV

As part of the World Law Group’s fourth annual network-wide CRS initiative, Soulier Avocats has partnered up with the French association FAF APRIDEV Rhône-Alpes (FAF APRIDEV) a not-for-profit association created and run by and for visually impaired, blind or partially sighted people.

Alfaro Abogados Advises LAAC on Key Transaction in Argentina's Lithium Industry

Lithium Argentina and Ganfeng Lithium have taken a significant step forward in the development of Argentina's lithium industry with a USD 70 million investment in Lithium Argentina’s Pastos Grandes project.

Hunton Andrews Kurth Represented Calsep Against Ashish Dabral

Hunton Andrews Kurth represented Calsep (a leading provider of PVT simulator software used in the O&G industry) in pursuing claims against Ashish Dabral, and his related companies, for having stolen Calsep’s trade secrets and confidential information.

Hunton Andrews Kurth Represented the Underwriters in Connection with an SEC-registered Offering by CenterPoint Energy, Inc. (CenterPoint)

Hunton Andrews Kurth represented the underwriters in connection with an SEC-registered offering by CenterPoint Energy, Inc. (CenterPoint) of $700 million aggregate principal amount of its 5.40% Senior Notes due 2029. The transaction closed on May 10. 2024.

Hunton Andrews Kurth Represents Ten08 Energy LLC in Investments in its Planned Hydrogen and Ammonia Production and Export Facility

Hunton Andrews Kurth Represents Ten08 Energy LLC in Investments in its Planned Hydrogen and Ammonia Production and Export Facility.

Corporate Counsel Honors Amber Rogers in the 2024 Women, Influence & Power in Law Awards

Corporate Counsel Honors Amber Rogers in the 2024 Women, Influence & Power in Law Awards.

Chambers and Partners Recognizes Hunton Andrews Kurth in the 2024 High Net Worth Guide

Chambers and Partners Recognizes Hunton Andrews Kurth in the 2024 High Net Worth Guide

Austin Monthly Magazine Names Meredith Gregston Among Austin’s Top Attorneys 2024

Austin Monthly Magazine Names Meredith Gregston Among Austin’s Top Attorneys 2024

Recent Third Circuit Mallinckrodt Opinion Highlights the Bankruptcy Benefits of Using Non-Exclusive Licenses When Granting Rights in Intellectual Property

Recent Third Circuit Mallinckrodt Opinion Highlights the Bankruptcy Benefits of Using Non-Exclusive Licenses When Granting Rights in Intellectual Property

Supreme Court’s Purdue Decision Requires Nationwide Adoption of 5th Circuit Bankruptcy Practice on Third-Party Releases

Supreme Court’s Purdue Decision Requires Nationwide Adoption of 5th Circuit Bankruptcy Practice on Third-Party Releases.

Jared Grodin Named to Houston Business Journal's 2024 40 Under 40 List

Jared Grodin Named to Houston Business Journal's 2024 40 Under 40 List.

Hunton Andrews Kurth Attorney Scott Brister Among Appointees to Texas’ 15th Court of Appeals and Business Court

Hunton Andrews Kurth Attorney Scott Brister Among Appointees to Texas’ 15th Court of Appeals and Business Court.

CFPB Says Credit Card Rules to Apply to “Digital User Accounts”—including BNPL

CFPB Says Credit Card Rules to Apply to “Digital User Accounts”—including BNPL

Hunton Andrews Kurth Names Myles F. Reynolds Office Managing Partner for Dallas and Austin

Hunton Andrews Kurth Names Myles F. Reynolds Office Managing Partner for Dallas and Austin

Hunton Andrews Kurth Represents Ross Common Capital in its Acquisition of a Majority Stake in PCS Holding BV

Hunton Andrews Kurth Represents Ross Common Capital in its Acquisition of a Majority Stake in PCS Holding BV

D Magazine Names Three Hunton Andrews Kurth Attorneys to 2024 Best Lawyers in Dallas

D Magazine Names Three Hunton Andrews Kurth Attorneys to 2024 Best Lawyers in Dallas

Hunton Andrews Kurth Represents Business First Bancshares, Inc. in the Acquisition of Oakwood Bancshares, Inc. and Oakwood Bank

Hunton Andrews Kurth Represents Business First Bancshares, Inc. in the Acquisition of Oakwood Bancshares, Inc. and Oakwood Bank

Hunton Andrews Kurth Advises CoBank, ACB on Fixed-Rate Reset Preferred Stock Offering

Hunton Andrews Kurth Advises CoBank, ACB on Fixed-Rate Reset Preferred Stock Offering

Hunton Andrews Kurth Advises on Evergy Metro, Inc.’s Offering of $300 Million Mortgage Bonds

Hunton Andrews Kurth LLP advised Evergy Metro, Inc. (Evergy Metro) in connection with the offering of $300 million aggregate principal amount of 5.40% Mortgage Bonds, Series 2024 due 2034.

Texas Rising Stars Names Five Hunton Andrews Kurth Lawyers to 2024 List

Hunton Andrews Kurth LLP is pleased to announce that five of the firm’s lawyers have been selected for inclusion in the 2024 Texas Rising Stars. The full Rising Stars list appears on superlawyers.com and in the April 2024 issue of Texas Super Lawyers Magazine – Rising Stars, published by Law & Politics Media Inc. In addition, selected...

Thailand: Lessons to be Learned from the Global IT Outage: Key Steps to IT Resilience

The recent worldwide IT outage in July 2024 sent shockwaves through the global business community, serving as an important reminder of the vulnerabilities inherent in our interconnected digital world and highlighting the fundamental importance of IT resilience.

Thailand: SEC Proposes Amendment to Digital Asset Decree

The Office of the Securities and Exchange Commission (“SEC”) has recently sought a public hearing on the draft bill amending the Royal Decree on Digital Asset Business Operation, B.E. 2561 (2018) (“Draft Bill”) to rules regarding the use of digital assets for payments and the participation of digital asset businesses in the Bank of Thailand's...

Volodymyr Sayenko Named Among the Top Specialists in Who’s Who Legal: Energy 2024

Volodymyr Sayenko, a partner at Sayenko Kharenko, has been recognized by WWL: Energy 2024 as one of the top energy lawyers in Ukraine.

AZB & Partners acted for Accenture

AZB & Partners acted for Accenture on its recent acquisition of silicon design and engineering services company Cientra, to expand its silicon design capabilities. Our deal team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Farah Titina, Associates Avani Laad, Tarini Mehtani and Niranjan Kumar....

Greenwashing vs Corporate Responsibility

The term "greenwashing" refers to the practice of gaining an unfair competitive advantage or being deceptive by marketing a product (service, policy, or activity) as environmentally friendly when, in fact, basic environmental standards have not been met.

AZB & Partners advised Blu-Smart

AZB & Partners is advising the EV ride hailing company Blu-Smart in its Pre-Series B Funding Round wherein existing and new investors including responsAbility fund, Switzerland, MS Dhoni Family Offices, Renew Power CEO Sumant Sinha, are proposing to invest upto USD 24 million. The funds will be used to expand Blu-Smart’s operations and build...

AZB & Partners advised Avenir Management Company, LLC

AZB & Partners advised Avenir Management Company, LLC on their investment of USD 50 million in a USD 665 million fund raise by Kiranakart Pte Ltd. (Zepto). Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and Associate Tushar Anand. They were supported by Partner Aditya Alok on the...

GDPR-size Penalties for Personal Data Protection Violations? What Can Individuals and Businesses Expect in Ukraine?

The current penalties for personal data protection violations under Ukrainian law may cause a smile rather than a desire to ensure compliance. However, Ukraine is taking steps to align its personal data protection laws with the General Data Protection Regulation (“GDPR”).

Good Practices in the Operation of Companies Within the Framework of Antitrust Regulations

Learn about legislation related to practices that hinder or limit free competition to avoid monopolistic practices. Our experts explain how the relationship with your company’s competitors should be like and provide recommendations to avoid engaging in such practices.

FINTRAC Advisory Concerning Financial Transactions Related to High-Risk Countries Identified by the FATF

On August 2, 2024, the Financial Transactions and Reports Analysis Centre (FINTRAC) issued an updated advisory (the “Advisory”) concerning financial transactions related to countries identified by the Financial Action Task Force (FATF) as high-risk jurisdictions and under increased monitoring.

TozziniFreire Announces New Partner for the Corporate/M&A and Private Equity & Venture Capital Practice Areas

Luiz Filipe Aranha has over 20 years of experience and expertise across various market sectors.

WLG | impact '24: SyCipLaw Green Initiative: Commitment to Sustainability

Updates on SyCipLaw's green initiatives, coinciding with WLG | impact '24

FINTRAC and CRA Operational Alert re Laundering of Real Estate-related Tax Evasion Proceeds

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), together with the Canada Revenue Agency (CRA), recently issued an operational alert (the “Alert”) intended to support reporting entities in recognizing financial transactions in the real estate sector suspected of being related to laundering the proceeds of tax evasion.

WLG | impact '24: S.O.S Rio Grande De Sul

This year, Rio Grande do Sul suffered from severe floods that devastated the infrastructure of its cities, directly affecting its population and being classified as "the greatest climate catastrophe" in the state's history. TozziniFreire, which operates in Porto Alegre, demonstrated its support and solidarity with the state in three...

10 Pitfalls When Dealing with Diversity and Inclusion Under German Law

Diversity and inclusion are topics that nowadays play an important role for every company doing business in Germany. A corporate culture of diversity is key for a successful company as it not only demonstrates the company’s awareness and acknowledgement of its social structure but can also strengthen the employees’ sense of belonging and...

TozziniFreire Stands Out at International Congress on Law and New Technologies

The firm received the Infinite Certification for Legal Innovation during the AB2L Lawtech Experience 2024

Canadian Securities Regulators Announces Temporary Exemptions For Derivatives Dealers and Advisers

On July 25, 2024, the Canadian Securities Administrators (CSA) introduced temporary exemptions from certain provisions of National Instrument 93-101 concerning Derivatives: Business Conduct (the “Business Conduct Rule”) in order to address feedback from derivatives dealers and advisers related to compliance with the Business Conduct Rule when it...

AZB & Partners acted for Accenture

AZB & Partners acted for Accenture on its recent strategic alliance and acquisition of a minority investment in ANSR, a leader in developing strategic Global Capability Centers (GCCs). Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associate Sana Nagar and Associate Avani Laad, with support...

How Foreign Entities which Receive Chinese Personal Data Stay Compliant

As a foreign entity which receives personal information from China, whether it has operations or establishments within the country or not, navigating China’s complex regulatory environment on data protection and privacy can be challenging. This article aims to provide such foreign entities with some basic guidance on complying with the general...

Delaware Court Finds Advance Notice Bylaw Amendments Unenforceable, But Denies Relief Based on Dissident Shareholders’ Deceptive Conduct

The Supreme Court of Delaware’s recent decision in Kellner v. AIM ImmunoTech Inc. provides important guidance on the limits of a board’s authority to amend an “advance notice” bylaw in the context of a live proxy contest, holding that even facially valid bylaws may be unenforceable if adopted primarily for entrenchment purposes.

China Antitrust and Competition Update (2024 Q2)

Zhong Lun is pleased to bring you updates on PRC antitrust legislation and enforcement during the Second quarter of 2024.

AZB & Partners represented Mitsui

AZB & Partners represented Mitsui on their acquisition of a strategic stake in SATS Food Solutions India, as part of the food and retail solutions businesses partnership between Mitsui and SATS. SATS is a major airline service provider, and Mitsui will hold a 15% stake in the joint venture which will engage in the business of food manufacturing...

AZB & Partners represented Mankind Pharma Limited

AZB & Partners represented Mankind Pharma Limited, a listed company, on the proposed acquisition of 100% stake in Bharat Serum from Advent for approx 13,630 crores. Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Senior Associate Sana Nagar, Senior Associate Karun Jhangiani, Associates Shivam Gupta and...

AZB & Partners represented KKR

AZB & Partners represented KKR in their recent acquisition of a majority stake in Baby Memorial Hospital Limited, which is one of the leading regional multi-specialty hospital chains in South India that provides comprehensive services with specialized treatment across 40 medical and surgical departments including cardiology, oncology, neurology,...

AZB & Partners represented Koral S.A.

AZB & Partners represented Poland-based salmon company Koral S.A., and its shareholders Abris Capital Partners and Boguslaw Kowalski, the company’s founder, on Koral’s recent sale to Captain Fresh. Our deal team comprised our Senior Partner Srinath Dasari, Counsel Adoksh Shastry, Senior Associate Mridula Sriram, Associates Ritum Kumar and...

Streamlined Disclosure in Post-M&A Litigation: Insights from the NCC's Enforcement of Contractual Disclosure Clauses

The Netherlands Commercial Court (NCC) has set a precedent in a post-merger and acquisition (M&A) dispute by enforcing a contractual disclosure clause, thereby granting the seller extensive rights to documents and interviews with key executives. This decision underscores the NCC's commitment to uphold disclosure agreements within contracts and...

Recognition of Tax Expertise: Sayenko Kharenko is a Finalist in the ITR EMEA Tax Awards 2024 in Three Categories

Sayenko Kharenko has reaffirmed its status as a key player in the European tax services market by being shortlisted in three categories for the prestigious ITR EMEA Tax Awards 2024.

Update: German Federal Court of Justice (BGH) Refers Proceedings to ECJ Regarding Losses on Online Sports Betting Due to a Possible Infringement of the Freedom to Provide Services

Following the suspension of a case by the German Federal Court of Justice (BGH) in January 2024 (Case No. I ZR 53/23) in light of a pending case before the European Court of Justice (ECJ) (Case No. C-440/23), the BGH has now referred another case regarding online sports betting losses to the ECJ (decision of 25 July 2024 - Case No. I ZR 90/23).

Trade Secret Remedies After Motorola Solutions, Inc. v. Hytera Communications Corp. Ltd.

Motorola v. Hytera arose after Hytera had poached three Motorola engineers, “offering them high-paying jobs in exchange for Motorola’s proprietary information.” (Opinion at 2.) Hytera then used the stolen materials to develop a competing line of products indistinguishable from Motorola’s product. Much of the theft occurred from 2010 to 2014, but...

Approval of Law No. 1208 Law for the Repeal of Law No. 347, Organic Law of the Nicaraguan Institute of Municipal Development (INIFOM)

On July 15, 2024, Law No. 1208 Law for the Repeal of Law No. 347, Organic Law of the Nicaraguan Institute of Municipal Development (INIFOM), came into force.

AZB & Partners advised Bain Capital Private Equity L.P

AZB & Partners advised Bain Capital Private Equity L.P. on the Indian law aspects of its acquisition of PowerSchool Inc. along with all its subsidiaries in a transaction valuing PowerSchool Inc. at USD 5.6 billion. PowerSchool Inc. is a public company listed on the New York Stock Exchange and is a leading provider of cloud-based educational and...

Use of ‘Ukraine’, ‘UA’, ‘UKR’ Elements, As Well As the Imitation of the State Emblem of Ukraine in Trademarks: Launch of the Renewed ‘Ukraine’ Commission

Recently, the IP Office announced the launch of the renewed Commission ‘Ukraine’ (the ‘Commission’). The first meeting of the renewed Commission is scheduled for 24 July 2024 at the IP Office.

ERSM Acquires 45% Stake in Insurance Broker Albrok Mediación

Cuatrecasas advised ERSM Insurance Brokers S.A.U. (“ERSM”) and Söderberg & Partners on acquiring a 45% stake in the brokerage Albrok Mediación S.A., a transaction that strengthens its growth and geographical expansion strategy.

USA Federal Court Decision Creates Greater Uncertainty as to Future of FTC Final Rule on Noncompete Clauses

In ATS Tree Services v. Federal Trade Commission, the Eastern District of Pennsylvania found that even if the plaintiff employer could show irreparable harm, injunctive relief would still be inappropriate because the plaintiff was unlikely to prevail on its argument that the FTC did not have authority to promulgate the Noncompete Rule.

Corporate Governance as an Ethical Business Strategy

Corporate Governance is the distribution of rights and responsibilities among different participants of a company or corporation. Let's understand its benefits and why it should be considered a business strategy for organizations that incorporate it into their structure.

Truncation, a New Alternative Seeking to Provide Agility to the Financial System for the Collection of Checks

Carlos Fernández, lawyer in El Salvador and expert in Financial and Corporate Affairs, shares this article on Check Truncation, a new alternative that, through the use of technology, seeks to provide agility in the collection of checks.

Intellectual Property and the Olympic Games: Who Can Use the Olympic Properties and How?

Ivón Hernández and Cristina Ortega, lawyers in Guatemala and experts in Intellectual Property, share with us this article related to the Olympic Games, the largest sporting event globally. The Olympic symbol is one of the most recognized trademarks worldwide. There are other intellectual property assets or Olympic Properties, whose use is...

AZB & Partners represented ONGC Videsh Limited (OVL)

AZB & Partners represented ONGC Videsh Limited (OVL), a Schedule ‘A’ Navaratna Central Public Sector Enterprise, in a cross-border transaction of acquiring: (i) Equinor Apsheron AS’ participating interest (PI) in Azeri-Chirag-Deepwater Gunashli oil fields (ACG Oil Field); (ii) Equinor Apsheron AS’ shareholding in AIOC and GPC (both Cayman Island...

TozziniFreire Boosts Its Presence in the Brazilian Transactional Market in the First Half of the Year

A recent report released by Transactional Track Record shows the main players and transactions of the sector.

AZB & Partners acted for Leap Green Energy Private Limited

AZB & Partners acted for Leap Green Energy Private Limited (a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers) (“LGE”) and the Promoters of LGE, on the acquisition of 100% of its share capital by Brookfield (through its affiliated entities) from its existing...

AZB & Partners represented TRG

AZB & Partners represented TRG, a shareholder with majority stake in Indian renewable power firm Leap Green Energy, for sale of its majority shareholding to Brookfield.

Druni, Arenal and MCretail Implement Agreements and Create Leading Health and Beauty Retail Group

Cuatrecasas has advised Druni—the perfume, cosmetics and health & beauty retailer—on implementing the agreements signed in June 2023 with Arenal and MCretail to create a leading health and beauty retailer, with a joint turnover in excess of €1 billion in 2023 and over 500 stores open to the public.

AZB & Partners represented TA Associate

AZB & Partners represented TA Associates in their recent strategic growth investment in Vastu Housing Finance.

Netherlands Media Authority Fines a Social Media Influencer for the First Time

On 18 June 2024, the Dutch Media Authority imposed its first fine on an influencer/video uploader for breaches of the Dutch Media Act's advertising rules.

Seventh Circuit Confirms Extraterritorial Reach of the Defend Trade Secrets Act

Under Motorola, a trade secret plaintiff can bring its claim against a foreign defendant in the United States even when most of the wrongful conduct occurs outside the USA, so long as there is some act in furtherance of the misappropriation in the United States. In such cases, the trade secret plaintiff can recover damages on all of the...

AZB & Partners advised BC Investments IV Limited

AZB & Partners recently advised the investor selling shareholder, BC Investments IV Limited (an affiliate of Bain Capital), on the successful initial public offering by Emcure Pharmaceuticals Limited, comprising fresh issuance and offer for sale of equity shares for an amount aggregating to INR 19,520 million.

AZB & Partners Acted for Oravel Stays Limited (OYO)

AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G preference shares to InCred, on a fully diluted basis for a consideration of USD 50 Million. OYO is engaged in the business of providing a technology platform to customers for hotel and accommodation bookings owned by third parties. Our deal team...

AZB & Partners Advised General Catalyst

AZB & Partners advised General Catalyst on Indian legal and regulatory aspects of their acquisition of the India focused early-stage investor, Venture Highway. Our deal team comprised our Senior Partner Ashwath Rau, Partner Aditya Alok, Senior Associate Shivani Goel and Associate Shubhi Maheshwari. They were supported by our Senior Associate...

Dutch Supreme Court Clarifies Legal Status and Implications of Mediation Clauses

In a judgment of 12 July 2024, the Supreme Court of the Netherlands (Hoge Raad) clarified the legal status and implications of mediation clauses in commercial contracts. The ruling confirms that such clauses are either non-binding or obligatory, depending on the wording and the parties' reasonable expectations. The court also emphasised that...

Jarkesy Limits Power of the SEC to Rely on In-House Adjudicators When Pursuing Penalties for Fraud

Previously, the SEC could elect to litigate fraud cases before its administrative law judges, where it had “home court” advantage, and who often have considerable subject-matter expertise, but now it must bring such cases in a U.S. federal court.

Newsletter Labor and Employment | Second Quarter 2024

This Newsletter provides a selection of legislative and case law developments and relevant labor-related news

EU AI Act: Practical Guide

A Pioneering Legal Framework on Artificial Intelligence

Another Minnesota Noncompete Ban: Restrictive Covenants in Service Contracts

Minnesota Statute § 181.9881 — Restrictive Employment Covenants; Void in Service Contracts — prohibits on a go-forward basis service providers from restricting “in any way a customer from directly or indirectly soliciting or hiring an employee of a service provider.”

Chinese Court Practices of Attorneys’ Fees under CISG

Discussion on whether attorneys’ fees for litigation are recoverable under CISG in Chinese court practices.

AZB & Partners Advised Bansal Wire Industries Limited

AZB & Partners recently advised Bansal Wire Industries Limited on its initial public offering, which was undertaken by way of a fresh issue of equity shares for an amount aggregating to ₹ 7,450 million. The book running lead managers to the initial public offering were SBI Capital Markets Limited and DAM Capital Advisors Limited. The AZB...

Dutch Supreme Court Rules EVs Falling Short of Claimed Range are Non-conforming

In a landmark decision, the Supreme Court of the Netherlands has held that an electric vehicle (EV) that fails to achieve the advertised range under normal driving conditions does not conform to the contract of sale and can be returned by the buyer. This ruling may have significant implications for the automotive industry and consumer protection...

Jessica Mohaupt-Schneider: New Key Contact Partner from CMS Germany

"WLG is a great platform for meeting lawyers from around the globe, expanding your network, and exploring ways for collaboration and joint business development activities. By being a Key Contact Partner and getting to know delegates in person at the WLG meetings, it is possible to establish long-lasting and reliable business relationships...

Joana Cardoso–Client & Business Intelligence Manager, PLMJ (Portugal)

"Don't be shy! Relationships have to start somewhere, and a simple hello is much more valuable than just a name on a list or a website... Invest a little time to research the people in the room whenever possible."

Judgment of the ECJ in Case C-757/22 (Meta Platforms)

Following the renewed question referred by the BGH regarding the scope of Art. 80 para. 2 GDPR, the ECJ ruled on July 11, 2024 in case C-757/22 on the standing of consumer protection associations. According to the court, the breach of an information obligation pursuant to Art. 12 et seq. GDPR is sufficient to enable representative actions.

Sarah Sinclair–Attending the WLG IBA Breakfast hosted by Santamarina y Steta S.C.

"I am looking forward to the upcoming WLG IBA Breakfast in Mexico City... It never ceases to amaze me how common the issues are that we each face no matter which jurisdiction we work in. I'm particularly interested in discussing global trends in the legal profession and exploring opportunities to collaborate to create real value for our...

Andy Stylianou–First-time Delegate at WLG | summit Bali '24, Gowling WLG (England)

"I was thrilled to be involved in the whole summit! As a first-time attendee, I was made to feel welcome by everyone across WLG. There is so much we, World Law Group, can do together to connect, collaborate and create huge opportunities for all our member firms, and meeting in person really helps to strengthen relationships across our...

Entities That 'Cease to Exist' Must Still Comply With the Corporate Transparency Act

On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that reporting companies created or registered on or after January 1, 2024, that are subsequently dissolved or cease to exist, are required to make a CTA filing even if such reporting companies cease to...

AZB & Partners Advised BlackRock, Inc.

AZB & Partners advised BlackRock, Inc. on the Indian aspects of their proposed acquisition of 100% of Preqin Holding Limited and its subsidiaries, for a consideration of approximately USD 3.2 billion, with an aim to expand BlackRock’s Aladdin tech business into the private markets data segment. Our deal team comprised our Senior Partner...

AZB & Partners Acted for Bain Capital

AZB & Partners acted for Bain Capital, which sold its entire residuary ownership of 3.59% in L&T Finance Limited by way of block deals, at an aggregating gross consideration of USD 180 million (approximately). Our deal team comprised our Senior Partners Anil Kasturi and Nandita Govind, Senior Associate Rohit Dutta and Associate Saksham...

AZB & Partners Assisted Alfanar India

AZB & Partners assisted Alfanar India for installation of smart meters with Esyasoft Technologies Private Limited. Alfanar India was awarded two smart metering projects by the Madhya Pradesh DISCOMs (Bhopal and Jabalpur) for around 2 million smart meters under competitive bidding regime. The transaction is significant given that the role of...

AZB & Partners Represented TPG

AZB & Partners is represented TPG on the India leg of its proposed acquisition of a controlling stake in Altimetrik, which is a significant strategic investment for TPG. Our deal team comprised of our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Mridula Sriram, Associates Raina Kanungo, Yash Anand and Shivani...

AZB & Partners Acted for Peak XV Partner

AZB & Partners acted for Peak XV Partners on AI health startup Cloudphysician’s recent fund raise led by Peak XV. Our deal team comprised our Senior Partners Srinath Dasari and Nanditha Gopal, Senior Associate Karishma Dugar, Associates Ritum Kumar and Naga Sai Srikar HK....

AZB & Partners Advised Decision Point Private Limited

AZB & Partners advised Decision Point Private Limited in India, Chile and Mexico in its 100% sale to Latent View Analytics Limited. Decision Point is a leader in AI-led Business Transformation and Revenue Growth Management (RGM) solutions with 300+ employees worldwide. Latent View Analytics Limited is a global data analytics company especially...

AZB & Partners Advised Allied Blenders and Distillers Limited

AZB & Partners recently advised Allied Blenders and Distillers Limited and the Promoter Selling Shareholders, Bina Kishore Chhabria, and Resham Chhabria Jeetendra Hemdev, on its initial public offering, which was undertaken by way of a fresh issue and an offer for sale for an amount aggregating to ₹ 15 billion. The book running lead managers...

AZB & Partners Advised Warburg Pincus

AZB & Partners advised Warburg Pincus from an Indian law perspective on its investment, with participation from Accel, in the approximately $350 million fund raising by CData Software. Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Jeet Chaudhuri, Associates Shivani Shenoy, Jay Singhee, Akanksha Khandelwal and Rishav...

Thailand: New Manual for Advertisements on Digital Platforms

The Electronic Transactions Development Agency (ETDA) issued a notification on 11 June 2024 regarding a new manual for overseeing advertising on digital platform services. The notification aims to prevent deception, illegal product or service offerings, and other unlawful activities related to advertising on digital platforms, which have become...

Update on Advertising Using ‘Climate-neutral’ Statement: First Decision of German Federal Court of Justice

As already reported in detail (see our Insight of 2 August 2023 here [German only]), the first case regarding advertising using the term ‘climate-neutral’ was brought before the highest German civil court, the Federal Court of Justice (Bundesgerichtshof), in July last year (case no. I ZR 98/23). On 27 June 2024, the Federal Court announced its...

WLG | impact '24: Arias Strengthens Their Commitment to Cultural Sustainability

Our offices throughout Central America implemented sustainability initiatives.

Canadian Government’s Approval of Glencore/Teck and a Ministerial Statement Signals Muscular New Standards for Investment Canada Act Undertakings and Metals and Minerals Transactions

A recent approval under the Investment Canada Act (“ICA”), and a policy statement by the Minister, signals important developments for investors into Canada.

WLG | impact '24: Guyer & Regules Provides Probono Services

As part of World Environment Day and this year's UN slogan, we carried out a joint activity with AMBA, an NGO to which we provide probono services.   Organización Civil Amba is a non-profit organisation that since 2016 develops several projects to protect biodiversity in the province of Rocha. They work in the preservation of...

WLG | impact '24: Building Hope

A diverse team from Herzog Fox & Neeman went to MOLET's studio at the Design Terminal in Bat Yam to help build furniture from recycled materials for evacuees from Kibbutz Kissufim as part of the “Building Hope” project.

MyInvestor Banco Registers New Issue of Preferred Shares with MARF

Cuatrecasas has advised MyInvestor Banco on registering perpetual preferred shares with the Spanish Alternative Fixed-Income Market (“MARF”).

'Ley de Bases': What does the law really change?

On June 28, by a large majority in the House of Representatives, with 147 votes in favor and 107 against, the "Ley de Bases" was approved. This bill promotes private enterprise and the free development of industry and commerce, while limiting any unnecessary state intervention. But it only defines the main guiding principles that...

Reinventing Communications with AI: Transformation and Opportunities in the Legal Sector

In today's digital age, artificial intelligence (AI) has evolved from a mere trend into an essential tool that is revolutionizing the way we work and live. Among the most noteworthy innovations is generative AI, a technology that, although still in development, is already transforming various industries, including the legal sector.

Key Aspects of the New OECD Report on Artificial Intelligence

The report “AI, data governance, and privacy: Synergies and areas of international co-operation” published by the Organization for Economic Co-operation and Development (OECD) explores the intersection of AI and privacy and ways in which relevant policy communities can work together to address related risks, especially with the rise of...

Elecnor Registers Sustainability-linked Commercial Paper Program with MARF

Cuatrecasas advised Elecnor, S.A., on registering a sustainability-linked commercial paper program with the Spanish Alternative Fixed-Income Market (“MARF”) for a maximum outstanding balance of €400 million.

Land Law 2024 Permits Non-banking Entities to Take Mortgages Over Land Assets

The Land Law 2024 that shall take effect on 1 August 2024 introduces a new regulation that allows non-bank entities to take security over land use rights. This article will explore how this regulation could impact the real estate financing market and the opportunities and challenges it could bring for both lenders and borrowers.

WLG | impact '24: Santamarina y Steta's Recycling Campaign

Each year, 900.000 tons of electronic waste are generated in Mexico. Its careful and responsible management is essential for the conservation of the environment.

Thailand’s Cybersecurity Snapshot: Current Laws and Emerging Trends

In recent years, news and headlines have increasingly highlighted the surge in cyber threats and crimes. Organizations and individuals in Thailand have been targeted by a variety of cyber threats, including ransomware attacks, system hacks, spam calls, and phishing scams. These threats are often linked to data leaks or illegal sales of personal...

Vidrala Moves Toward Decarbonization with Acciona Energía’s Renewable Energy

Cuatrecasas has advised Vidrala, a leading designer and manufacturer of glass containers, on entering into a power purchase agreement (“PPA”) with Acciona Energía for the supply of renewable energy.

Thailand: REIT Liquidation Overhaul: Inside the SEC’s Latest Regulations

The Securities and Exchange Commission of Thailand (the “SEC”) has recently issued four new regulations to govern two key aspects of Real Estate Investment Trusts (REITs) in Thailand: (1) the liquidation process of a REIT and (2) the deposit in lieu of performance of obligation.

Recoletas Salud Secures €283 Million Sustainability-linked Financing

Cuatrecasas has advised Grupo Hospitalario Recoletas Salud on entering into a €283 million corporate financing agreement linked to sustainable development objectives.

Michael Kharenko Recognised in Who is Who Legal: Project Finance 2024

Sayenko Kharenko proudly announces that partner Michael Kharenko has been recommended in the prestigious WWL: Project Finance 2024 ranking.

Supreme Court Denies Nonconsensual Third-Party Releases in Purdue

The Supreme Court has rejected the bankruptcy court's authority to grant through confirmation of a plan nonconsensual third-party releases without consent of creditors in a narrow ruling that does not impact plans confirmed by final order and does not opine on acceptable forms of consent. For the jurisdictions that permit consensual third-party...

Hamburg Regional Court: Health Advertising for "Gamer" Energy Drink Inadmissible

In its decision of 19 January 2023 (Case No.: 312 O 256/21), the Regional Court of Hamburg had to deal with the admissibility of various statements advertising an energy drink in which the drink was said to increase the ability to concentrate and react. The question arose as to whether such statements could constitute an infringement of Art. 10...

Germany: Two years of Cancellation Buttons–Status Quo and New Developments

Since the enactment of the Fair Consumer Contracts Act in 2022, which mandated the inclusion of a cancellation button for evergreen agreements on websites in Germany (also known as the “2-click cancellation law”), there has been a lot of attention by German Consumer Protection Associations (CPA) and a notable impact on businesses.

Lia Heasman, Speaker at WLG | regional Helsinki ‘24 - Castrén & Snellman (Finland)

"There has been a shift in mandatory ESG regulation in the last few years and most of our clients are still playing catch-up. ESG is penetrating all areas of law and ESG must be incorporated throughout a firm’s service offering."

Attorney Brent Howard Joins Miller & Martin as Trusts, Estates and Wealth Management Member

Miller & Martin PLLC welcomes attorney Brent Howard as a member of the firm practicing in the Trusts, Estates and Wealth Management Practice Group.

TozziniFreire is Highlighted in Two Chambers Brazil Guides Release

Focused on industries, sectors and regions, the cycles spotlight practice areas, partners, and associates

FSA Arbitration Board: Stricter Requirements for the Support of Training Events by Member Companies

A decision by the Arbitration Board of the German Association for Voluntary Self-Regulation of the Pharmaceutical Industry (FSA) concerns the sponsoring of external training events and the assessment of the existence of an “incentive effect”, which overturns the previous ruling practice of the FSA.

FINTRAC Issues Guidance on Reporting Financial Transactions Related to Sanctions Evasion

Effective August 19, 2024, businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) must report transactions suspected to be related to sanctions evasion to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC recently issued guidance on when and how to report such...

Will the Righteous Pay the Taxes of the Sinners?

The punitive actions announced by the SAT on May 21 regarding the splitting of C/F invoices would imply more legal risks for the issuer than for the offender.

Meet Our New Partners

We are delighted to announce the promotion of four new partners, further solidifying our position as a legal leader in Ireland.

2024: Doing Business in Namibia

Namibia is upgrading its transportation infrastructure to facilitate investment and position itself as a logistics hub for road, rail, and sea transportation, connecting neighboring countries to the global marketplace, and establishing itself as a green hydrogen investment destination. Green hydrogen production is expected to contribute...

2024: Doing Business in Rwanda

Rwanda experiences comparatively high levels of stability and security by regional standards and has continued to protect its political stability since the 1994 genocide. The country boasts a track record of robust economic growth and a strong reputation for low corruption. ENS, member firm for South Africa, explores areas of opportunity,...

Recommendations Regarding Compliance Measures in Employment Matters

Labor relations are crucial for companies, yet they face significant legal challenges. Adhering to clear contracts, proper worker classifications, and regulatory benefits is essential to avoid legal issues and safeguard corporate value. Regularly evaluating compliance with labor regulations helps mitigate operational and legal risks.

2024: Doing Business in Denmark

Legally, Denmark offers a transparent and efficient legal system that is easy to navigate and provides strong protection of intellectual property rights. The country's legislation is modern, efficient, and in line with EU legislation, which supports international trade and investments. Denmark's consistently high ranking in 'Ease of Doing...

2024: Doing Business in Germany

The circular economy offers multiple investment opportunities across nearly all sectors and is on top of the political agenda in Germany. However, while the country offers opportunities for growth and innovation, businesses must navigate a dynamic landscape shaped by political transitions, economic challenges, and evolving regulatory frameworks...

Professional Development Firm of the Year Latin America Award at LBG's Social Impact Americas Awards 2024

Bruchou & Funes de Rioja has won the Professional Development Firm of the Year Latin America Award at the Legal Benchmarking Group Social Impact Americas Awards 2024.

Modification of the Deadline for Filing the Monthly Purchase Declaration for Sales Tax (DMC) in Honduras

By Agreement No. SAR-237-2024, the deadline for filing the Monthly Purchase Declaration for Sales Tax (DMC) is shortened from 20 to 5 days.

The Utilization of the Electronic Signature in Administrative Procedures Before the Tax Authority in El Salvador

The use of electronic signatures expedites administrative procedures before the Tax Authority, reduces costs and eliminates geographical barriers. This digital tool, which has the same legal value as a handwritten signature, benefits both the tax administration and local and foreign taxpayers, promoting the modernization and efficiency of tax...

Amendments to the Advertising and Publicity Regulations Approved by the Panamanian Ministry of Health

In Panama, all advertising that intends to promote products or services that have an impact on the health of the population must be approved by the Panamanian Ministry of Health. Therefore, it is essential to know the regulations that apply to obtain this type of authorization.

Legal Challenges of Environmental Protection and Compliance in Costa Rica

Costa Rica's environmental protection is hindered by budget cuts and a lack of specialized judges, leaving over 8000 cases unresolved. Decentralized efforts face resource shortages, highlighting the need for robust legal frameworks, adequate funding, and community participation. Strengthening judicial capacity and implementing the Escazú...

New Law Creates the National Attorney Office for the Defense of Free Competition and Alternative Dispute Resolution

New Law creates the National Attorney Office for the Defense of Free Competition and Alternative Dispute Resolution, a new entity that integrates the functions of the National Institute for the Promotion of Competition (PROCOMPETENCIA) and the Alternative Dispute Resolution Directorate (DIRAC), with the purpose of centralizing the defense of...

Adjustment to the Tax Applicable to Cigarettes, Soft Drinks, Alcoholic Beverages and Other Prepared or Fermented Beverages

The Ministry of Finance adjusts the Production and Consumption Tax by five-point nineteen percent (5.19%) in accordance with the year-to-year variation of the Consumer Price Index (CPI) for 2023.

Gender Equality in Employment: The Impact of the New Labor Inspection Protocol in Honduras

Honduras has taken a step towards reducing the gender inequality gap in the workplace by approving and implementing the new Labor Inspection Protocol, specifically focused on gender discrimination in employment and occupation. This agreement, approved by the Ministry of Labor and Social Security (SETRASS), aims to reduce discrimination,...

WLG | impact '24: Setterwalls supports Läxhjälpen

At Setterwalls, we strive to run our business in a responsible and sustainable way that considers social, environmental and governance factors at all levels and for the long term.

New Real Estate Partner, Stephen Cowhey

L-R: Stephen Cowhey with Vanessa Byrne and Michael Doran We are pleased to announce the promotion of Stephen Cowhey to partner in our market-leading  Real Estate team . Stephen supports clients through the entire real estate project lifecycle, from acquisition, development and financing to operation and sale. Having worked on...

Staying Compliant: Recent Employment Law Changes Impacting Oregon and Washington Senior Living Communities

It has been a busy 2024 for federal agencies and the Oregon and Washington legislatures, which have ushered in new laws and regulations that affect employer-employee relationships in senior living communities.

Labeling of Processed Food and Beverages With Excessive Nutrients That May Be Harmful to Health in Central America

Due to the increase in chronic diseases related to diet in Central America, front-of-package nutritional warning labels have been proposed to provide more information and enable better consumption decisions.

EU Cybersecurity Laws

In recent years, there has been a marked increase in the amount of legislation generated at an EU level with a view to improving cybersecurity across Europe. The Network and Information Security Directive (NIS2), the Cyber Resilience Act, the Digital Operational Resilience Act (DORA) and the EU Cybersecurity Act are each aimed at...

Breach of Confidence and Injunctions

A recent English court decision looked at whether injunctions are a suitable remedy for stopping breaches of confidentiality. The court concluded that if someone breaks a confidentiality agreement and it is hard for the wronged party to prove and receive damages, an injunction will be an appropriate solution. We examine the decision.

Banco Santander Securitizes €1.2 Billion in Loans

Cuatrecasas has advised Banco Santander and Santander de Titulización on the “Santander Consumo 6, F.T.” securitization transaction.

Analysis of Law Number 81 for Personal Data Protection in Panama

The protection of personal data is essential in the digital era, where private information can be easily shared, which is why Panama reinforces in its regulatory body with Law number 81 on Personal Data Protection.

MinterEllisonRuddWatt's Doing Business in New Zealand Guide 2024

Unlocking new opportunities: A guide to investing and doing business in New Zealand.

2024: Doing Business in Kenya

Kenya boasts one of the most diversified and advanced economies in Africa, which rebounded rapidly from the COVID-19 pandemic. The country provides various tax and investment incentives to both local and foreign investors, including tax holidays, duty-free importations, and a 100% investment deduction on capital expenditures for eligible...

2024: Doing Business in Ghana

While Ghana's government welcomes foreign private investment, the investment legislation prescribes local participation requirements for certain sectors to limit foreign domination in the economy. From a cultural perspective, Ghanaian people enjoy getting to know their business associates personally before beginning formal business proceedings....

Latest Developments in AI in Argentina. What’s new?

This article highlights some of the most notable developments, showcasing how AI is transforming the administration of justice.

Meliá registers €300-million ECP Program with Euronext Dublin

Cuatrecasas has advised Meliá Hotels International, S. A. (Meliá) on registering a Euro Commercial Paper (ECP) Program with Euronext Dublin, for a maximum outstanding balance of €300 million. The listing document was registered on June 24, 2024.

Exploring the Copyrightability of AI-Generated Images in China

The article explores the copyrightability of AI-generated images in China, focusing on a landmark case adjudicated by the Beijing Internet Court. In the "Spring Breeze" case, the court recognized the copyrightability of AI-generated images, setting a relatively low standard for judging originality. This contrasts with the cautious...

New Employment Law Partner, Kim Bowen

We are pleased to announce the promotion of  Kim Bowen  to partner in our  Employment Law & Benefits  team. The firm now employs over 600 staff in Ireland, the UK and the US, dedicated to delivering bespoke, innovative client solutions. Kim specializes in  Business Immigration , offering expert advice to...

Compensation for Dismissal

The Workplace Relations Commission has made another landmark award of compensation in recent weeks. A leading academic at a third-level institution was awarded €300,000 in compensation for being unfairly dismissed by his employer. We review the impact of this decision and what employers can do next.

ICO’s Guidelines on Transparency When Using Health Data

The UK ICO has recently published guidelines on transparency in health and social care. We look at the implications for organisations, including those looking to use personal data for research.

Workplace Occupational Health and Safety in El Salvador

Occupational safety is applicable in all workplaces, both in public and private institutions. Their implementation is influenced by factors such as the number of workers, company activities, workplace facilities, etc. With the objective of guaranteeing an adequate level of protection against the different occupational health and safety risks for...

WLG | impact '24: SKS Takes on a Green Challenge

This year, SK&S took on the green challenge of planting trees. Over 10 days, our employees earned points for engaging in various sports activities.

AZB & Partners represented The Rise Fund (founded by TPG)

AZB & Partners represented The Rise Fund (founded by TPG) in connection with the US$ 275 investment by IFC, ADB and DEG consortium in Fourth Partner Energy Private Limited, a C&I-focused renewable energy company. Our deal team comprised our Senior Partner Nandish Vyas, Partner Malaveeka Chakravarthy, Senior Associate Vyoma Mehta and Associate...

Matt Hervey-New Co-Leader of WLG’s Intellectual Property Group, Gowling WLG (UK)

"I'm looking forward to hearing from all members about the trends they are seeing. I'm particularly immersed in SEP-FRAND and those areas of IP most affected by AI: patents, copyright and trade secrets.”

Gianni & Origoni Wins “Law Firm of the Year” at the 2024 Legal Community Corporate Awards

Gianni & Origoni was nominated "Law Firm of The Year" at the 2024 Legalcommunity Corporate Awards

The Digital Act for the Healthcare Sector in Germany: New Requirements for the Use of Cloud Computing Services in the Healthcare Sector

The Act to Accelerate the Digitalization of the Healthcare System (“Digital Act”) was announced on 26 March 2024. In Section 393 of the Fifth Social Insurance Code (“SGB V”) as amended, the Digital Act contains far-reaching regulations on the permissibility of cloud use in the healthcare sector, which will come into force on 1 July 2024....

Regulation of Influencer Advertising under Ukrainian Advertising Law: What’s New?

Since recently, activities of influencers have been attracting attention not only from users, but also from Ukrainian authorities (e.g., tax authorities). Until recently, placing advertisements within influencers’ videos, posts, stories, and messages was a grey regulatory area in Ukraine.

WLG | summit Bali '24 Host Firm Makarim & Taira S. Gives Back

WLG | summit Bali '24 Host Firm Makarim & Taira S. Gives Back Makarim & Taira S. (WLG member firm for Indonesia) has been a valued network member since 2012. A leading firm in the country for over 44 years, its team of over 90 lawyers offers a full range of corporate, banking, litigation, and specialist legal...

WLG | impact '24: Giving Back in Bali

As our first WLG | impact activity at a summit, delegates and guests at WLG | summit Bali '24 released baby sea turtles, an endangered species, from the beach shore into the Indian Ocean.

WLG | impact '24: Goodmans in Action–Spring Cleanup and Community Support for a Greener Toronto

This spring, Goodmans firm members once again participated in the City of Toronto's "Clean Toronto Together" litter collection initiative.

Supply and Service Contractors and Subcontractors Should Immediately Review the OFCCP’s First 2024 Pre-audit Corporate Scheduling Announcement List

In a departure from the 2023 methodology, the Office of Federal Contract Compliance Programs (OFCCP) targeted contractors with large employee populations. The OFCCP updated its Supply and Service Scheduling Letter and Itemized Listing last year. The new changes significantly expanded the audit scope and will require selected contractors who...

Vietnam’s Legal Framework for Sustainable Development

A summary of the latest legal developments in ESG, REC and Carbon Credits

Doing Business In

We asked our member firms around the globe to complete a short Q&A to help WLG colleagues and others learn more about them, how to successfully do business in their countries, key investment sectors, and what business opportunities are hot in the market right now. This guide was initially published in 2021. Several chapters have been updated in...

New Health & Prosecutions Partner, Fiona McNulty

We are pleased to expand our  Health & Prosecutions  team with the promotion of  Fiona McNulty  to partner. Fiona advises  technology  companies and other large organizations on their obligations in criminal and regulatory matters. Her extensive expertise in criminal law, from both a prosecution and...

What to Expect... From the New Pregnant Workers Fairness Act Regulations

The Pregnant Workers Fairness Act (PWFA) regulations issued by the EEOC become effective on June 18, 2024. Passed in 2023, the PWFA is a federal law that mandates employers provide reasonable accommodations for pregnancy, childbirth, or related medical conditions.

Local Steps to Global Impact–WLG | impact '24

 

AZB & Partners represented Tata Motors

AZB & Partners represented Tata Motors, a company with US 44 billion market capitalisation, for the restructuring involving demerger of their entire commercial vehicle business out of Tata Motors and merging the passenger vehicle business with Tata Motors. The reorganisation will result in creation of two listed companies with one housing the...

EU Adopts AI Act – Key Components and Next Steps for Organizations

The EU has adopted a comprehensive regulation on artificial intelligence (AI) that aims to foster innovation, ensure trustworthiness, and protect fundamental rights. The regulation sets out harmonised rules and obligations for providers, deployers, and users of AI systems in the EU, as well as third-country actors whose AI systems affect the EU...

German Court Outlines Requirements for Insolvency Avoidance Due to Wilful Disadvantage to Creditors

In a recent decision, the German Federal Court of Justice (BGH) further outlined the requirements for the avoidance of a transaction under insolvency law on the grounds of wilful disadvantage to creditors pursuant to section 133 of the German Insolvency Code (InsO).

AIE Obligations for Renewable Energy Operators?

A recent Supreme Court decision indicates that private energy generators could be considered to be ‘public authorities’. As a result, they may be subject to the environmental information regulatory regime, which imposes significant obligations on ‘public authorities’ to make ‘environmental information’ available on request. We consider the...

Termination, Bond Calls and Architect’s Certificates

We examine a recent Commercial Court judgment dealing with termination under the RIAI Form of Contract and the contractual requirements for a making a subsequent call on a performance bond.

Report on the Role of the Data Protection Officer

The European Data Protection Board’s recent report on the role of data protection officers identifies several issues and ways in which shortcomings can be addressed by companies. We look at the key learnings and set out why companies should consider the report carefully before assessing their compliance position.

US Department of Treasury Amends Cuban Assets Control Regulations (CACR)

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented a final rule amending the Cuban Assets Control Regulations (CACR).

AI Aspects Related to the Implementation of the DSM Directive in Norwegian Law

Comments on the the Digital Singel Market Directive proposal and the accompanying proposed amendments.

Navigating Employee Inventions in Norway

A short look into to some of the most relevant issues that might arise for companies operating in Norway regarding the intersection of employee innovation and intellectual property rights.

Data Centres – The New Act Relating to Electronic Communications

A closer look at the effect of the Norwegian Ministry of Digitalisation and Public Governance Proposal on data centers.

WLG | impact '24: An impact in Shilla

Learn more about our latest volunteer initiative on behalf of three people with disabilities who could not move normally due to the poor condition of the floors in their homes.

OSFI Releases Annual Risk Outlook – Fiscal Year 2024-2025

On May 22, 2024, the Office of the Superintendent of Financial Institutions (OSFI) released its Annual Risk Outlook – Fiscal Year 2024 - 2025 (the “ARO”), which summarizes the current risk environment and underscores the primary risks facing Canada’s financial sector. The ARO outlines OSFI’s measures to maintain public confidence in Canada’s...

WLG | impact '24: Shall we Read? Strengthening Children's Reading Skills

Taylor Wessing (Germany) promotes reading among children with the LeseAllianz Foundation (Reading Alliance). Volunteer mentors read digitally with children using an app.

Paid Leave Entitlement and Medical Leave : New Rules and New Obligations for Employers

The new legal rules on paid leave entitlement during a medical leave, and on the taking of such leave, became effective in April 2024.

Anti-subsidy Investigation: EU Examines Possible Countervailing Duties for Chinese Electric Vehicles

In recent years, imports and the share of electric vehicles from Chinese manufacturers have been increasing in the EU. In the Commission's view, there is evidence that Chinese car manufacturers benefit from subsidies from the Chinese government and that this has a negative impact on European economic operators, i.e. leads to a distortion of...

SyCipLaw Shortlisted for Latest Benchmark Litigation Asia Pacific Awards

SyCipLaw Shortlisted for Latest Benchmark Litigation Asia Pacific Awards

SyCipLaw Nominated for Regional Law Firm of the Year in TrustLaw Awards 2024

SyCipLaw Nominated for Regional Law Firm of the Year in TrustLaw Awards 2024

New Corporate Partner, Angela Freeman

Martin Kelleher, Head of Corporate, with new partner Angela Freeman   We are pleased to announce the expansion of our  Corporate  team, with the promotion of  Angela Freeman  to partner. Angela brings a wealth of experience in the  Technology  and  Life Sciences  sectors. She has deep...

WLG | impact '24: Bruchou & Funes de Rioja's "Plastic-Free June and Plastic with Purpose" Project

As part of the WLG Impact 2024 initiative, Bruchou & Funes de Rioja will carry out the "Plastic-Free June and Plastic with Purpose" project, in which all its members will be called upon to fill bottles with hard-to-recycle and single-use plastic waste generated daily and collect them. These plastics include: bags, pasta packages, rice,...

AZB & Partners acted for A. O. Smith India Water Products Private Limited and A. O. Smith Corporation

AZB & Partners acted for A. O. Smith India Water Products Private Limited and A. O. Smith Corporation on its acquisition of Unilever and HUL’s water purification business in India, Bangladesh, Sri Lanka, Vietnam and Mexico carried under the brand ‘Pureit’. Our AZB deal team comprised our Senior Partners Anil Kasturi, Niladri Maulik and Mr....

PBOC Drafts New Payment Service Rules for Public Review

A quick review of People’s Bank of China’s latest draft rules for the new regulation on on-banking payment services.

Stephanie Consonni de Schryver: New Leader of WLG’s Intellectual Property Group, TozziniFreire Advogados (Brazil)

"The use of technology certainly brings challenges to intellectual property as is the case with discussions regarding AI platform databases. On the other hand, nowadays, we have many more tools available to help us monitor online infringements, for example, which allows us to offer broader protection to our clients."

Switching Off Local Content Requirements for Electricity Infrastructure

In response to rising demand for cleaner energy sources, Indonesia is easing local content requirements for electricity infrastructure projects, hoping the move will attract more foreign investment in renewable energy.

The Ministry of Health in Costa Rica Issues a Resolution Prohibiting the Use Marketing, and Sale of Vaporizers and Vaporizer Supplies

The Ministry of Health, by resolution MS-DM-RC-2381-2024, has prohibited the importation, use, marketing, and sale of vaporizers and liquids for these devices containing artificial nicotine or cannabinoids.

TozziniFreire Consolidates its International Strategy Expansion with the Establishment of Two New Desks

Italian and Portuguese Desks join the firm's other global practice groups

2024: Doing Business in South Africa

South Africa has a well-established democracy following its transition to democracy in 1994 and is a regional leader with a highly developed economy and advanced economic infrastructure. It is rich in natural resources, with a diverse economy that spans mining, agriculture, manufacturing, and services. Member firm ENS dives into opportunities...

National Congress Has Approved a Bill for the Control and Regulation of Energy Drinks in Honduras

The National Congress approved the Law for the Control and Regulation of Energy Drinks, which will regulate the sale of these beverages to protect the lives and health of minors in Honduras.

Investment Funds in Panama

Investment Funds in Panama are an attractive option for those interested in maximizing their financial assets and diversifying their businesses. In Panama, there are two types of funds, public and private, each with its legal particularities, which must be met before starting operations in the country.

Cuatrecasas Presents Its First Excellence in Law Award

Cuatrecasas has closed the first Premio Excelencia Jurídica (Excellence in Law Award), an internal initiative with which the firm encourages and recognizes the legal quality and technical excellence of its lawyers through writing and publishing articles in academic journals.

Draft Bill on credit servicers and credit purchasers

Publication of the Draft Bill implementing the Directive on credit servicers and credit purchasers

Navigating Property Purchase in Costa Rica

A guide on the steps and recommendations to follow to get through a real estate transaction in Costa Rica as a first-time buyer.

The Crucial Role of the Private Sector in Sanitary Registration and Regulation in El Salvador

The sanitary registration in El Salvador ensures the quality and safety of regulated products. The private sector, the leading producer of these goods, actively participates in the compliance and development of technical regulations.

The Cumulative Voting System for the Election of Directors of a Panamanian Corporation

Effectiveness and benefits of cumulative voting system for the election of directors of a Panamanian corporation.

Irregular Companies and Actions By Interested Third Parties

Associate Carlos Fernández, lawyer in El Salvador, shares this article on the concept of irregularity in commercial companies in El Salvador and the legal implications of operating beyond the limits of their articles of association.

Indonesia Regulates Implementation of Carbon Capture & Storage Activities

Indonesia is now actively pursuing carbon capture and storage (“CCS”) as part of its strategy to address climate change and reduce carbon emissions. This advisory provides guidance on the framework for CCS activities under Presidential Regulation No. 14 of 2024 on the Implementation of Carbon Capture & Storage Activities (“PR 14/2024”), issued...

Mining Industry in Argentina: Advanced Technologies to Reduce Environmental Impact and Protect Water Resources

Reputational risk in the mining industry is a growing concern in a context world where water demand surpasses its availability in many regions worldwide, and the responsibility for preserving this vital resource falls on companies and authorities.

Choose France 2024: France’s Attractiveness Still at its Highest

The 7th Choose France Summit, held in May 2024, brought together nearly 200 foreign business leaders of 40 different nationalities.

WLG | impact '24: MinterEllison supports Homeless World Cup Bid

MinterEllison has been appointed the pro bono lawyers for Australia's bid to host the Homeless World Cup 2026.

Construction Contracts: Legal Perspectives for Successful Execution in the Republic of Guatemala

The content provides a detailed view of the importance and complexity of construction contracts in Guatemala. It highlights the need to understand the legal and technical provisions to ensure success in the execution of construction projects.

Gianni & Origoni Strengthens With the Arrival of Massimo Tesei and His Team

Rome, May 21, 2024 - International law firm Gianni & Origoni grows with the arrival of a team of five professionals led by Massimo Tesei. The additions, expected in the Milan office, strengthen the Corporate Law/M&A and Litigation and Arbitration departments.

Tony Barbuto- Tony Barbuto Delegate, WLG | regional New York ‘24, TozziniFreire Advogados (Brazil)

"For the past 25 years, I've been having fun (yes, fun!) representing clients in all types of disputes before courts, arbitral tribunals, and administrative bodies...at WLG | regional New York '24, I was very impressed with the event, its organizers, and its participants."

WLG | regional Helsinki '24

Explore session highlights on AI, client-firm relationships, networking, and more.

WLG | regional New York '24

Explore session highlights on AI, client-firm relationships, networking, and more.

Labour Code Amendments in Ukraine: Aligning with EU Directive Introduces M&A Complexity

Starting from 15 May 2024, transferors and transferees under equity and asset M&A deals involving Ukrainian undertakings are required to notify a primary trade union organisation or, in the absence of the latter, elected representatives of a work collective about:

Sneak Preview: Unveiling Indonesia’s Upcoming Franchise Regulation

Indonesia’s franchise regulatory framework has undergone significant development since its inception in 1997. It now consists of two simplified regulations: Government Regulation No. 42 of 2007 on Franchising (“GR 42/2007”) and Minister of Trade Regulation No. 71 of 2019 on the Implementation of Franchising.

AZB & Partners advised Accenture

AZB & Partners advised Accenture on all Indian law aspects of its acquisition of Camelot Management Consultants, an international SAP-focused management and technology consulting firm. Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Associates Deepti Narayanan and Shivam Gupta....

2024 Regional Roundtable Update: Israel

A snapshot of the political environment and potential for international collaborations in Israel, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Portugal

A snapshot of the political environment and potential for international collaborations in Portugal, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Poland

A snapshot of the political environment and potential for international collaborations in Poland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Ireland

A snapshot of the political environment and potential for international collaborations in Ireland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: England

A snapshot of the political environment and potential for international collaborations in England, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Spain

A snapshot of the political environment and potential for international collaborations in Spain, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Switzerland

A snapshot of the political environment and potential for international collaborations in Switzerland, shared at the 2024 regional conference.

2024 Regional (EMEA) Roundtable Update: Germany

A snapshot of the political environment and potential for international collaborations in Germany, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Finland

A snapshot of the political environment and potential for international collaborations in Finland, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Denmark

A snapshot of the political environment and potential for international collaborations in Denmark, shared at the 2024 regional conference.

2024 Regional (EMEA) Roundtable Update: Greece

A snapshot of the political environment and potential for international collaborations in Greece, shared at the 2024 regional conference.

Sayenko Kharenko Acts as Legal Counsel to the Export and Capacity Building Consultation Project Participants

Sayenko Kharenko is proud to announce its participation in the Export and Capacity Building Consultation Projectю The project is implemented by the USAID Competitive Economy Program in Ukraine. As part of the initiative, the firm will provide online consultations to enhance the export potential of Ukrainian companies, particularly those in the...

WLG | impact '24: Gianni & Origoni Presents #UGUALEPERTUTTE

Gianni & Origoni renews its commitment in the fight against gender violence and presents #UGUALEPERTUTTE, a project based on long-term initiatives. The aim is to counter the phenomenon of violence against women in all its forms with concrete actions as well as provide real and tangible support by identifying preventive tools and remedies.

Puig Begins Trading on Spanish Stock Exchanges

Cuatrecasas has advised Goldman Sachs Bank Europe SE and J.P. Morgan SE as global coordinators, and the rest of the bank syndicate, as well as the majornity shareholder, on the initial public offering (“IPO”) and admission to trading of the Class B shares of Puig Brands, S.A., on the Spanish stock exchanges.

Cuatrecasas Acelera Starts Ninth Program to Help Six Startups Validate Their Legal Strategy

Cuatrecasas Acelera is an open innovation program, launched in 2016, through which the firm offers its legal expertise to those startups with significant legal challenges that want to validate their legal strategy and accelerate their compliance process.

Merger Control: Exemption for Military & Defense Transactions

On 14 May 2024, the President of Ukraine signed an amendment introducing a temporary exemption from the merger filing requirement for concentrations aimed at the development and production of new technologies and goods for the Ukrainian military industry.

Chile: Investment Opportunities in the Lithium Industry

In March 2024 the government made some announcements related to the lithium exploitation on salt flats in Chile, all within the Chilean lithium national strategy. Private investors will be able to participate in the exploration and or exploitation of lithium deposits.

AZB advised Vista Equity Partners

AZB advised Vista Equity Partners, an American private equity firm, on its acquisition of Model N, a provider of revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, for USD 1.25 billion. Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and...

2024 Regional Roundtable Update: Argentina

A snapshot of the political environment and potential for international collaborations in Argentina, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Brazil

A snapshot of the political environment and potential for international collaborations in Brazil, shared at the 2024 regional conference.

2024 Regional (Americas) Roundtable Update: Germany

A snapshot of the political environment and potential for international collaborations in Germany, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Mexico

A snapshot of the political environment and potential for international collaborations in Mexico, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Dominican Republic

A snapshot of the political environment and potential for international collaborations in the Dominican Republic, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Georgia-USA

A snapshot of the political environment and potential for international collaborations in Georgia, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Washington-USA

A snapshot of the political environment and potential for international collaborations in Washington, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Texas-USA

A snapshot of the political environment and potential for international collaborations in Texas, USA, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Uruguay

A snapshot of the political environment and potential for international collaborations in Uruguay, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Cayman Islands

A snapshot of the political environment and potential for international collaborations in the Cayman Islands, shared at the 2024 regional conference.

2024 Regional (Americas) Roundtable Update: Greece

A snapshot of the political environment and potential for international collaborations in Greece, shared at the 2024 regional conference.

German Court Finds that the Presumption of Knowledge in Contestation Claims Extends to Indirect Shareholders

According to the German Federal Court of Justice (the Court), a “related party” (nahestehende Person) within the meaning of German insolvency law includes in the case of a legal entity, an indirect shareholder, provided that it holds more than 25% of the shares. Here, the Court will assume that the legal entity has advance knowledge of the...

WLG | impact '24: Giving Back in Helsinki

Recently, Castrén & Snellman (C&S) hosted WLG | regional Helsinki '24 , bringing together colleagues from 17 member firms with business interests in the EMEA region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part...

WLG | impact '24: Giving Back in New York City

Did you know that the average family in the United States will spend nearly USD 600 per child in preparation for their back-to-school season? During WLG | regional New York '24, our delegates made a positive local impact through a backpack and supplies donation activity. Along with graciously offering space in their New York offices, Locke...

WLG | impact '24: Sayenko Kharenko Organized Charitable Initiatives

Sayenko Kharenko, in cooperation with the Breathe Charity Fund, organised charitable initiatives, which aimed to improve the quality of life for underprivileged communities and promote social welfare.

AZB & Partners advised KKR on the divestment of a ~17% stake in India Grid Trust

AZB & Partners advised KKR on the divestment of a ~17% stake in India Grid Trust for ~US$ 215 million, which was completed by way of an offer for sale (OFS) process on the floor of a stock exchange. This marks the first OFS that was successfully completed for a public listed InvIT. Our M&A transaction team comprised our Senior Partners...

WLG | impact '24: Hergüner Partners With Their Local Community

We actively engage with our local communities through pro bono legal services, volunteer initiatives, and partnerships with non-profit organizations that promote access to justice, education, and social welfare. We provided pro bono legal advice to SDG Outcomes Fund, a specialist impact investment fund, on a government-funded results-based...

Soulier Avocats Recommended by the Legal 500 EMEA 2024

We are pleased to announce that, for the seventh year in a row, our firm is recommended by the Legal 500 Europe, Middle East and Africa in the “Environment” practice area,

Oz Looks a Little Scary as State and Federal Law Look to Regulate the AI Wizard in Employment

A recent study by SHRM shows that approximately 26% of organizations use Artificial Intelligence to support Human Resource-related activities. As AI adoption quickens and its use expands, employers must be mindful of compliance obligations.

WLG | impact '24: CMS Switzerland's Office Building Refurbishes to Zero Emissions

CMS Switzerland is making a difference for WLG | impact . The firm's office building was completely refurbished. When negotiating with the owner, the energy-saving measures were also key in their decision to return to our prior premises.

WLG | impact '24: CMS Switzerland Signs Agreement With Mr. Green

CMS Switzerland is making a difference for WLG | impact . The firm has signed an agreement with Mr. Green, a company specializing in offices and household recycling.

Thailand: Chandler MHM hires leading capital markets lawyer in Thailand

Chandler MHM announced the hire of Doungporn Prasertsomsuk as a partner and co-head of its capital markets practice.

Brazil: TozziniFreire is among the firms with the highest number of women working on M&As in Brazil

The Women Leaders in M&A report, produced by TTR and iDeals platforms, shows the professionals who stood out in the transactional market last year.

Bhuvana Veeraragavan- Delegate, WLG | regional Bangkok ‘24, AZB & Partners (India)

"At WLG | regional Bangkok '24, I found the session on 'How Allied Firms Can Serve A Client Together and Effectively' by Ms. Peangpanor Boonklum particularly engaging. Ms. Boonklum shared practical insights on managing client expectations when allied firms collaborate, drawing from her extensive experience working with different firms."

New Zealand: M&A Forecast 2024

AZB & Partners represented Anshul Life Sciences

AZB & Partners represented promoters of Anshul Life Sciences for a 100% sale to leading global specialty ingredients solution provider Barentz International. Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Associates Deepti Narayanan, Priyasha Goyal, Jay Singhee and Meghna Somani....

Canada: FINTRAC Advisory Concerning Financial Transactions Related to High-Risk Countries Identified by FATF

On April 29, 2024, the Financial Transactions and Reports Analysis Centre (FINTRAC) issued an updated advisory (the “Advisory”) concerning financial transactions related to countries identified by the Financial Action Task Force (FATF) as high-risk jurisdictions and under increased monitoring.

WLG Upcoming Events

World Law Group has numerous opportunities for you to connect virtually with your WLG colleagues over the next two months! RSVP below for upcoming events.

United States: Breaking Down the FTC Rule Banning Non-Competes: What Employers Need to Know

The Federal Trade Commission (FTC) has voted to publish its final rule banning most worker non-compete agreements. If and when the rule becomes effective, it will ban non-competes going forward.

Argentina: Posco Argentina Secures $668 Million Loan with Alfaro Abogados Advising on Argentine Law

Posco Argentina secures loan of up to USD 668,000,000 for the construction and development of phase 2 of its lithium project. This loan represents a crucial milestone for Posco in consolidating its lithium business in Argentina.

United States: History in the Making: Conservatives Work Quickly to Challenge FTC’s Final Rule Banning Noncompete Agreements

At least two U.S. federal lawsuits are challenging the FTC’s final rule that would ban nearly all noncompete agreements, with more complaints expected.

United States: Key U.S. District Court Ruling: Plaintiff's Challenge to DEI Program Under Section 1981 Fails When She Lacked Standing Because She Did Not Apply

The America First Legal Foundation filed suit on behalf of the plaintiff. This case is similar to many other challenges to DEI programs in that the lawsuit was being brought by a plaintiff who has not applied to the program at issue. The court found that the plaintiff did not have standing to bring a claim derived from an allegedly...

Highlights of the Evolving Landscape of Data Protection in APAC

Takeaways from a recent Privacy & Data Protection meeting.

WLG | regional Bangkok '24

Key conference insights: Honesty, integrity, and effective client service are crucial in law firm success.

Sayenko Kharenko won the IFLR National Law Firm of the Year Award for Ukraine for the eighth time

According to the International Financial Law Review (IFLR) 2024, Sayenko Kharenko has been recognised as the winner of the “National Law Firm of the Year for Ukraine” award. 

WLG | impact '24: Giving Back in Bangkok

Recently, CMHM hosted WLG | regional Bangkok '24 , bringing together colleagues from 10 member firms with business interests in the Asia-Pacific region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part of WLG | impact's...

France: Formality Requirements Governing the Assumption of Pre-incorporation Contracts are Abolished

In three rulings issued on November 29, 2023, the French Supreme Court reversed it case law on the requirements governing the assumption of pre-incorporation contracts.

Argentina: Strategic Frameworks for AI Utilization in Business: Ensuring Ethical and Efficient Practices

The immediate success of ChatGPT, with over a million users within a month of its launch, underscored its potential impact and highlighted the need for regulation. To prevent misuse by employees or business partners, it's crucial for organizations to establish a comprehensive AI Usage Policy.

2024 Regional Roundtable Update: China

A snapshot of the political environment and potential for international collaborations in China, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Vietnam

A snapshot of the political environment and potential for international collaborations in Vietnam, shared at the 2024 regional conference.

Singapore

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2024 Regional Roundtable Update: Philippines

A snapshot of the political environment and potential for international collaborations in the Philippines, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Malaysia

A snapshot of the political environment and potential for international collaborations in Malaysia, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Indonesia

A snapshot of the political environment and potential for international collaborations in Indonesia, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Taiwan

A snapshot of the political environment and potential for international collaborations in Taiwan, shared at the 2024 regional conference.

2024 Regional Roundtable Update: Japan

A snapshot of the political environment and potential for international collaborations in Japan, shared at the 2024 regional conference.

Vladimir Sayenko- WLG Key Contact Partner, Sayenko Kharenko (Ukraine)

"Joining WLG provides an excellent opportunity to strengthen relationships with top independent law firms globally, engage our lawyers in cross-border professional and business development, and learn more about international best practices in the legal profession.”

2024: Doing Business in Japan

A government initiative to promote non-carbon generating renewable energy has provided ample opportunity for foreign investment in renewable energy projects in Japan. Member firm City-Yuwa Partners also share that the legal system is business-friendly in that the country does not have discovery or class-action lawsuits and, overall, is not...

EDPB Emphasises the Importance of Free Consent in "Consent or Pay" Models

At the request of the Dutch, Norwegian and German (Hamburg) supervisory authorities to the European Data Protection Board ("EDPB"), the EDPB has addressed the issue of providing clarity on the implementation of "consent or pay" models considering Meta's business model. These models are particularly relevant for large online...

OJK Mandates Reporting of Share Pledge Activities by Shareholders in Public Companies

Shareholders in public companies in Indonesia will be required to disclose share pledge activities, following the issuance of a new regulation by the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”). This regulation aims to enhance transparency and regulatory oversight within the country’s publicly-listed companies.

China: Antitrust and Competition Update (2024 Q1)

Zhong Lun is pleased to bring you updates on PRC antitrust legislation and enforcement during the frist quarter of 2024.

El Salvador: How Is Your Company Preparing to Implement the Early Childhood Care Centers?

Private sector employers with 100+ employees must ensure worker's children access Early Childhood Care Centers. Deadline extended to Jan 2024 by Congress, allowing time for compliance planning and identifying suitable modalities.

Canada: Budget 2024 Announces Additional Measures to Combat Financial Crime

In Budget 2024, the Government of Canada announced its intentions to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the Criminal Code, the Income Tax Act, and the Excise Tax Act, and to take additional measures to strengthen the supervision, enforcement, and...

Canada: Obligations and Opportunity - Budget 2024’s Impact on the Blockchain Industry

As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities.

Nicaragua: Essential Aspects of the Law Appointing a New Enforcement Authority for the Nicaraguan Real Estate Brokerage Law

Essential aspects of the law appointing a new enforcement authority for the Nicaraguan real estate brokerage law.

Panama: Amendments to Regulation on Permanent Residence Permit in Panama as a Qualified Investor Soon to Be Enforceable

As of October 15, 2024, new changes to the subcategory of Permanent Resident as Qualified Investor will be in force within the migratory category of Permanent Resident for Economic Reasons, as ruled by Executive Decree 109 of October 13, 2022.

Guatemala: Implementation of the New Compliance Stage in the Wastewater Regulation as of May 1, 2024

As of May 1, 2024, Guatemala enters the new stage of compliance with the Wastewater and Sludge Disposal Regulations that establish more demanding maximum limit parameters.

France: Latest News in French Labor and Employment

In recent weeks, the French Supreme Court has issued a number of rulings providing useful clarification on issues such as inexcusable fault, mutual separation agreements, harmful management practices, and employees’ right to rest.

Digital Transformation: The legal Impact of Chatbots on Company-Customer Interaction

A notable failure by Air Canada highlights the legal and ethical repercussions of improper chatbot implementation. In this article, we will closely examine this specific case, which involves the communication of inaccurate information by an airline's chatbot.

Coming Soon: Indonesia’s Personal Data Protection Agency

One of the forthcoming developments from the enactment of Indonesia’s Personal Data Protection Law (PDP Law) on 17 October 2022 is the establishment of a new data protection institution that will be formed by and directly accountable to the president.

Brazil: TozziniFreire increases its participation in buy-side operations in the 1st quarter of the year

Recent report released by Transactional Track Record shows the highlights of the transactional market.

Data Breaches Not Excused by Employee Error

In case C-741/21 (JURIS), the Court of Justice of the European Union recently answered important questions regarding liability for data breaches, the assessment of damages and the influence of human error on liability. The decision confirms and builds on recent case law. Nevertheless, the decision provides an opportunity to clarify the...

AZB & Partners recently advised the President of India acting through the Ministry of Coal

AZB & Partners recently advised the President of India acting through the Ministry of Coal (“Seller”), for the sale of 97,064,662 equity shares aggregating to approximately 7.00% of the total paid-up equity share capital of NLC India Limited for an aggregate amount of INR 20.58 billion. The sale took place by way of the offer for sale through...

The Ministry of Commerce of China Publishes FAQs regarding Export Control of Graphite Products

On October 20, 2023, the Ministry of Commerce and the General Administration of Customs of China jointly issued Circular No. 39 of 2023 titled the “Circular on Optimizing and Adjusting Temporary Export Control Measures for Graphite Items”.

Brazil: Article co-authored by partner Vivian Fraga is awarded at the Antitrust Writing Awards 2024

The award aims to highlight innovative initiatives that promote a culture of competition and compliance with antitrust laws

Planned Guidelines Regarding "AI liability" - Cause for Contractual Regulations?

The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly. But what happens if AI systems violate these requirements and cause damage? Unlawful behaviour is naturally difficult to attribute to AI systems...

Building Your Career Advisory Board: Tactics for Taking Control of Your Career

Takeaways from a career development session facilitated by Lauren Heron (MinterEllison) on taking ownership of your career trajectory.

AZB & Partners Advised H.I.G. Capital

AZB & Partners advised H.I.G. Capital on the Indian aspects of its proposed acquisition of the Alight Inc.’s axiom business (i.e. payroll and professional services business) for a consideration of USD 1.2 billion.

Germany: Planned guidelines regarding "AI liability" - cause for contractual regulations?

The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly. If AI systems violate these requirements it is difficult to attribute unlawful behaviour to AI systems.

United States: White House, Congress, and Federal Agencies Move to Limit Foreign Adversaries' Access To Sensitive Personal and Government Data

In late February, President Biden issued an Executive Order titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern” (Order).

Spain: Labor and Employment Newsletter | First Quarter 2024

The first quarter of 2024 is characterized by rising social costs and relevant legal developments

United States: How to Protect Your Talent From the Competition: New Challenges Imposed by Washington’s Law Regulating Noncompete and Nonsolicitation Covenants

Businesses operating in Washington state that require their employees or contractors to comply with noncompete or customer nonsolicitation covenants should review their agreements to avoid claims and penalties when significant changes to state law become effective on June 6, 2024.

AZB & Partners advised TotalEnergies Renewables Singapore Pte Limited on its 50:50 joint venture with Adani Green Energy Limited

AZB & Partners advised TotalEnergies Renewables Singapore Pte Limited on its 50:50 joint venture with Adani Green Energy Limited. The new joint venture will own a 1,050 MW portfolio comprising a mix of already operational (300 MW), under construction (500 MW) and under development assets (250 MW) with a blend of both solar and wind power....

Argentina: Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Counsels

Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Counsels.

Germany: No right of avoidance for German insolvency administrators acting in breach of good faith

An insolvency administrator's right to restitution can be forfeited if if they are prevented from exercising the right in good faith by their conduct in the context of the conclusion of a redemption agreement.

Philippines: J&T Express IPO Wins Equity Deal of the Year at 2024 IFLR AP Awards

SyCipLaw was Philippine counsel to J&T Global Express. The team was led by SyCipLaw partner, Arlene M. Maneja, together with partners Melyjane G. Bertillo-Ancheta, Ronald Mark C. Lleno, Franco Aristotle G. Larcina, Leah C. Abutan, and Camille Angela M. Espeleta-Castillo. Other team members included Loubelle L. Razon-Bagagnan, Mark Kevin U....

Philippines: SyCipLaw Announces Appointment of Retired Partner Rafael L. Encarnacion as Of Counsel

SyCipLaw Announces Appointment of Retired Partner Rafael L. Encarnacion as Of Counsel

Philippines: Tax TIPS - Vol. 30

SyCipLaw's Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for February.

Sean Yu Chou- WLG Key Contact Partner, WongPartnership (Singapore)

"One particular area that I would like WLG to develop further would be thought leadership in contemporary legal matters, such as investor–state dispute settlement (ISDS). There is a lot that member firms can learn from each other, and the vast resources that all of us have could and should be fully harnessed. "

Philippines: SyCipLaw BFS Team Visits PSE for Training Activity

SyCipLaw BFS Team Visits PSE for Training Activity

Norway: Harmonized standards & right to access

A look into how the Court of Justice of the European Union's judgment relating to the rights of access to harmonised standards may impact purchasers and manufacturers of products regulated by product safety regulations.

Guatemala: How Can I Protect the Shape of a Product or Its Container or Packaging?

In Guatemala there are ways to protect the innovative developments of companies in terms of the shape and packaging of products, so that companies can explore these forms of protection to add value to their products.

Norway: Cryptoassets trading – a brief status

A closer look at a recent crypto case, the so-called FTX scandal as well as a presentation of the current status of legal regulation of the trading of crypto assets.

Norway: Data Act & Trade Secrets

A brief comment on how data holders' protection of trade secrets is addressed under the Data Act.

AZB & Partners advised Matrix Clothing Private Limited and Matrix Design & Industries Private Limited

AZB & Partners advised Matrix Clothing Private Limited (MCPL) and Matrix Design & Industries Private Limited (MDIPL) on Gokaldas Exports Limited’s (GEL) acquisition of 100% of the equity share capital of MDIPL, from MCPL and its nominee, in exchange for shares of GEL and cash. Our deal team comprised of our Senior Partners Vinati Kastia...

United States: WA DOR Updated Guidance on the Administration of the Tax: In the Shadow of the November Ballot Initiative to Repeal the Entire Tax

The Washington Department of Revenue continues to update its guidance on Washington’s excise tax on long-term capital gains, resulting in the most recent proposed rule, WAC 458-20-301. There are several important changes from the last iteration of the proposed rule.

United States: Telemarketing Sales Rule Changes Remove Exception for Business-to-Business Calls and Impose New Recordkeeping Requirements

Telemarketing Sales Rule Changes Remove Exception for Business-to-Business Calls and Impose New Recordkeeping Requirements

AZB & Partners advised Standard Chartered Bank

One more for #ImpactFinancing! AZB & Partners advised Standard Chartered Bank and other offshore consortium lenders on its #socialloan to Muthoot Microfin Limited. Our deal team comprised of Senior Partner Anand Shah, Partner Hufriz Wadia, Associates Shivani Agarwal, Neeraj Nainani and Kareena Sobti, with execution assistance from our Chennai...

WIPO ALERT initiative in Ukraine – what copyright and related rights holders should know

The Procedure for the Formation and Maintenance of the National List of Websites Raising Concerns Regarding the Observance of Intellectual Property Rights (the “Procedure“) came into force on 21 March 2024.

Costa Rica: Are You an Independent Contractor?

Relevant information about applicable regulations, so that independent contractors can regularize their status as a contributor to Social Security.

Philippines: Tax TIPS - Vol. 30

Tax TIPS - Vol. 30

Costa Rica: Different Migratory Alternatives for Incorporating Foreign Talent Residing in Costa Rica into Your Operation

This article explains the immigration categories available for employers who wish to incorporate international talent as part of their workforce, as well as for those foreigners who wish to work from Costa Rica for their employers located abroad.

United States: Beyond the Thanksgiving Dinner Table: Washington Legislature Bans Mandatory Captive Audience Meetings for Politics and Religion

Employers are banned from mandating, under threat of discipline, that employees attend meetings or speeches regarding religious or political matters under the “Employee Free Choice Act” passed by Washington’s Legislature and signed by Governor Inslee. The law becomes effective on June 5, 2024.

Indonesia: Refining Digital Financial Innovation: New OJK Regulation aims to enhance Regulatory Sandbox

Almost six years ago, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced a new regulation on digital financial innovation (inovasi keuangan digital – “IKD”) in financial services (“POJK 13/2018”).

Ukraine: 'MADE IN UKRAINE' trademark. First Public Collective Trademark? With Cashback

According to Article 8 of the Ukrainian Advertising Law, it is expressly forbidden to misleading use or imitate the State Flag of Ukraine in advertising.

AZB & Partners acted for Main Street Capital Corporation

AZB & Partners acted for Main Street Capital Corporation on Indian aspects of its acquisition (through its portfolio company Gulf Manufacturing LLC) of the Maass Global Group - a global leader in the manufacture and distribution of flanges and specialty forged products. Our deal team comprised of our Senior Partner Srinath Dasari, Partner...

Brazil: TozziniFreire is one of the leading law firms in Brazil in 2023

A research released by Latin American Corporate Counsel Association shows the evolution of the firm, which raised its position in the Top 10 ranking

Canada: Public Safety Canada Releases Updated Guidance on Modern Slavery Reporting Obligations

The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain entities to combat forced labour and child labour.

Germany: The EU AI Act and general-purpose AI

The EU AI Act is about to pass the finishing line. “General-purpose AI”, also called foundation models in debates, have been the subject of debate in the last months. Machine-learning based models are trained on broad data at scale and may form the basis for a range of downstream systems.

2024: Doing Business in Indonesia

Indonesia is going green! From developments in natural resources sectors, primarily driven by the government's goal of transitioning to electric vehicles and reducing carbon emissions, to solar energy initiatives, hydropower projects, and adopting carbon capture and storage in oil and gas projects, the country has a robust environmental focus at...

2024: Doing Business in Turkey

Turkey is politically stable and can potentially turn a predicament into an opportunity, given its strategic geographic location. The country also has a young and well-educated population, relatively inexpensive labor, and favorable exchange rates– an inviting combination for foreign investors who are looking to expand into new jurisdictions....

2024: Doing Business in Finland

Finland’s political stability, low corruption levels, and transparent legal system create a secure business environment. The country is also a global leader in green technology, health and welfare, and data and technology, thanks to its innovative approach and expertise in these fields. Culturally, Finns are very punctual and direct. Learn more...

2024: Doing Business in the Cayman Islands

As the Cayman Islands continue to position themselves as leaders in FinTech and Blockchain, member firm Campbells has naturally seen significant growth in these practice areas. Learn more about the firm and what opportunities this jurisdiction holds by Doing Business in the Cayman Islands.

AZB & Partners acted for Warburg Pincus and its controlled portfolio company Avanse Financial Services

AZB & Partners acted for Warburg Pincus and its controlled portfolio company Avanse Financial Services (‘Avanse’) on the recent fund raise where Abu Dhabi’s Mubadala Investment has deployed approx. INR 900 crore of primary capital into Avanse. This round also had Avendus PE subscribe to approx. Rs. 100 crores of primary capital of Avanse. Our...

Germany: OLG Nuremberg on the unjustified accusation of abuse of rights in the case of a warning letter

A recent decision by the Higher Regional Court of Nuremberg dated 18 July 2023 (Ref.: 3 U 1092/23) deals with a formal warning of a competitor that was wrongly classified as an abuse of rights in relation to advertising for dietary supplements.

Argentina: Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Consultants

Bruchou & Funes de Rioja announces the appointment of two Partners and two Expert Consultants

Germany: BGH: Bacterial cultures are not foods for diet management

A decision by the Federal Court of Justice on 13 July 2023 (Ref: I ZR 68/21) deals with the prohibition of the marketing and advertising of capsules containing intestinal bacteria with the claim "for diet management".

Germany: OLG Karlsruhe on advertising with the skin compatibility of a disinfectant

A decision by the Higher Regional Court of Karlsruhe from 9 November 2022 (Ref.: 6 U 322/21) deals with the advertising of a disinfectant hand foam with claims regarding skin compatibility.

Germany: Important for start-ups: Confidentiality Agreements and Material Transfer Agreements (MTAs)

A crucial step for start-ups on the road to success is ensuring that their innovations and trade secrets are adequately protected. In an increasingly competitive business world, confidentiality agreements and material transfer agreements (MTAs) have become indispensable tools.

Germany: OLG Hamburg on the inadmissibility of issuing pharmaceutical prescriptions over the internet

In its reference decision of 15 August 2023 (Ref.: 5 U 93/22), the Hanseatic Higher Regional Court of Hamburg ruled on the issuing of prescriptions for prescription-only medicines over the internet by doctors who have not previously treated the patient.

Philippines: SyCipLaw Co-Sponsors PIArb’s Annual Golf Tournament

The Philippine Institute of Arbitrators (PIArb) recently held its annual golf tournament at the Tagaytay Highlands Golf & Country Club co-sponsored by SyCipLaw.