The UK’s collective redress procedure (introduced on 1 October 2015) got off to a slow start but has been picking up pace over the last couple of years. At the time of writing, there have been nine applications for certification, only two of which were commenced before 2018. The seven actions commenced since May 2018 …
Article 15 of Law No. 4054 on the Protection of Competition authorises the Competition Board to conduct on-site investigations at the premises of undertakings, if it deems it necessary. During the on-site inspection, Competition Authority officials assigned by the Board to conduct the inspection, are entitled to (i) examine the books, any paperwork and documents …
Continue reading “Recent competition law developments in Turkey: hindering on-site inspections”
In order to merge well, one must merge wisely. This requires the application of a two-step approach: first, a methodically conducted preparation of the filing by close interaction with all parties involved (both on factual and legal grounds), and secondly, a notification procedure which is being handled in a responsible, transparent and trustworthy manner vis-à-vis …
Continue reading “Merge well, merge wisely: getting the deal through”
While it has been in place since 1990, the legal framework governing bankruptcy and restructuring in Oman underwent a qualitative change in 2018 and 2019 with the issuance of the new Criminal Law (Royal Decree (RD) 7/2018) (the Criminal Law) and the Bankruptcy Law (RD 53/2019) (the Bankruptcy Law), which may have a significant impact …
Continue reading “Changes to the bankruptcy and restructuring legal framework in Oman”
On 16 March 2020, the Austrian government imposed drastic measures to contain the SARSCoV2 virus, commonly known as Covid-19. The international Covid-19 crisis resulted in a seven-week complete lockdown in Austria, with only ‘critical infrastructure’ such as banks, supermarkets, pharmacies and hospitals remaining open for business. Simultaneously, the Austrian government applied several economic measures, attempting …
European distressed debtors and creditors face uncertainty regarding English law-governed debt and, more generally, their overall restructuring strategy. This uncertainty arises against the backdrop of the UK’s imminent departure from the EU, the Covid-19 pandemic and turbulent markets. Many major out-of-court or in-court European debt restructurings use English law governed loan debt and Luxembourg-based debtors, …
Company acquisition and restructuring often bring about a change in the acquiree’s business strategy, direction, organisation and personnel structure. These can affect the employment relationship between the acquiree and its employees as well as sometimes the employment affairs of the acquirer. Acquisition can be divided into asset acquisition and equity acquisition. This article analyses how …
Continue reading “The employment relationship in company acquisition and restructuring in China”
Recent times have been witness to the steady rise of nationalist regimes across Latin America. With a number of unprecedented landslide victories in the past years, concern has risen among many Latin American’s business leaders.
The Covid-19 pandemic brought significant disruptions to all aspects of life. No economy was immune to the unprecedented situation and all active businesses had to adapt their operation to the circumstances.
Luis Antonio Semeghini de Souza, Bruno Sartori, Fabricio Cardim and Juliana Dal Moro Amarante of Souza, Mello e Torres discuss the changing business and investment landscape of Brazil.