Decree-Law 14/2021 published today, 12th February, announces that the changes to the law on residency by investment will no longer be enacted in July 2021 but instead on 1st January 2022. This is good and encouraging news for all those potential investors that still wish to invest in Lisbon and Oporto. All requirements in force […]
A retailer is allowed to lower the net rent (exclusive of heating, lighting and other service costs) by 50 percent on account of its store having to close due to COVID-19. That was the verdict of the Oberlandesgericht (OLG) Dresden – the Higher Regional Court of Dresden – in a ruling from February 24, 2021 […]
From my experience over the last 12 months, administrators of Romanian companies have become increasingly aware of their potential personal liability if for any reason the company of which they are an administrator fails and ceases to trade. For foreign administrators this has caused considerable concern, especially as they may have not fully understood their […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
The Bundeskartellamt – Germany’s Federal Cartel Office – has imposed fines totaling approx. 175 million euros on five aluminum forging companies and ten employees responsible for engaging in anticompetitive arrangements. The Bundeskartellamt announced on December 23, 2020 that senior staff members of the relevant companies had, over a period of years, been exchanging information on […]
On 26 October 2020, Indonesia’s government has promulgated a new stamp duty law through Law No.10 of 2020 on Stamp Duty which comes into effect on 1 January 2021 (“Law 10/2020”). The promulgation of Law 10/2020 has repealed and replaced the previous regulation, Law No.13 of 1985 on Stamp Duty (“Law 13/1985”). We provide below […]
Groups deemed to be at risk can redeem vouchers for FFP2 masks. Pharmacies that waive the two-euro personal contribution are violating competition law according to a ruling of the Landgericht (LG) Düsseldorf – the Regional Court of Düsseldorf. In order to protect those at particular risk against being infected with the coronavirus, the German parliament […]
IR member Stéphane Bertouille of Everest Law in Brussels, Belgium, introduced our office to a French client. This client, an international company, wants to establish a business in the Dutch market. In this context, our office was asked to check the general terms and conditions used by the aforementioned company on Dutch law and, if […]
Indonesia’s omnibus law has been promulgated through Law No. 11 of 2020 on the Job Creation on 2 November 2020 (“Law 11/2020”). Law 11/20 introduces significant adjustments to Indonesia’s laws by establishing new provisions on the investment ecosystems and amends 78 (seventy-eight) existing laws. To see the complete list of the amended laws, please click […]
UAE leads countries advocating women’s rights at the global level. Composed by Sheher Bano The UAE is ranked as a leading country in gender equality in the region, according to the World Economic Forum in Global gender Gap report 2020. This achievement comes from the fundamental belief that women and men are equal partners in society. […]
Colter Carswell & Asociados, S.C., our exclusive Commercial Law Member in Mexico, are pleased to announce the addition of IP – Trademark & Copyright to their IR Global membership. This new position adds further strength to their membership and offers support for fellow members in the area. If you have a requirement in this area, please get […]
The insurer behind a D&O policy is liable for payments made after the onset of insolvency. That was the verdict of the Bundesgerichtshof (BGH) – Germany’s Federal Supreme Court – in a judgment from November 18, 2020 (Az.: IV ZR 217/19). A managing director is personally liable for any payments they arrange after the company […]