RKKW’s Client, the majority shareholder in a limited liability company operating mainly in the trading sector, has obtained security in the commercial litigation concerning the expulsion of the shareholder from the company. Court has recognized that it is justified to suspend the exercise of the opponent’s corporate rights related to his shares. The court has […]
Authors: Luis Blanquez and Jon Cieslak Deferred prosecution agreements (“DPAs”) in the antitrust world have been a hot topic on this side of the Atlantic during the past two years. DPAs seem to be slowly becoming an efficient instrument for the Department of Justice to tackle antitrust conspiracies, and we expect this trend to continue. What is a DPA? A […]
A Miami federal court on 21 April sentenced Edoardo Orsoni, a former general counsel at Venezuela’s state-owned oil company PDVSA, to three years’ probation. Orsoni is the latest to be sentenced in the US Department of Justice’s expanding investigation into corruption connected to Petróleos de Venezuela SA (PDVSA). Orsoni, who admitted to accepting bribes in […]
Busy – it’s a phrase I’ve been using a lot lately, when someone asks, “How are you?” my go-to-answer has been “Busy!”The dictionary has ‘similar’ words associated with busy in the negative… Busy (bizi)Adjective: having a great deal to do – hard-pressed / time-poor / have one’s hands fullVerb: keep oneself occupied – distracted / […]
On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]
In this April edition, we provide a recap of Indonesia’s new regulations enacted in January 2021 – March 2021 and an executive summary related thereto. We have classified the list of regulations to number of sectors such as general corporate, manpower, banking and financial services, taxation, etc. You can read our regulations update here. We […]
Radca Prawny. Zeszyty naukowe nr 16 Krzysztof Jasiński This paper constitutes a commentary to the Polish Supreme Court’s ruling dated December 20, 2017, in which the possibility to commence a proceeding for establishment of non-existence of a general meeting’s resolution has been confirmed. The author agrees with the Supreme Court ruling, as supporting the view […]
If a business wishes to engage in import and export activities as well as domestic distribution (i.e., retail, wholesale, and franchising trade activities) in Vietnam, the most common method chosen is to establish a trading company. Generally, a trading company is inexpensive to establish and can be of great assistance to foreign investors by combining […]
Every year, roughly 66,000 non-U.S. citizens are granted special visas to perform non-agricultural and non-highly skilled jobs in the United States under the U.S. Citizenship and Immigration Service’s H-2B program. The underlying program (which formerly included agricultural workers) started in 1952. While some employers that seek workers under this program fail to hire any, it can […]
Apr 13, 2021 It is important that an agreement that has been made and entered between two or more parties is binding and must be adhered to by the parties involve. This is clearly stipulated under article 1338 of the Indonesian Civil Code (“Civil Code”). Prof. Subekti is a reputable person in this field of […]
Radca Prawny. Zeszyty Naukowe 2/2016 Krzysztof Jasiński This commentary is a critique of the concept of so-called negative resolutions of shareholders of companies adopted by the Supreme Court. The authors examine issues associated with the existence of the aforementioned resolutions and the grounds for distinguishing them in the legal doctrine, as well as the possible […]
The Bundesanstalt für Finanzdienstleistungsaufischt (BaFin) – Germany’s Federal Financial Supervisory Authority – has closed down Greensill Bank’s business operations with its customers and filed criminal charges. Private investors as well as institutional investors and municipalities fear losing their money at the bank. Greensill Bank was acquired by the British-Australian financial conglomerate Greensill Capital in 2014, […]
