Romania
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residential project in Bucharest, located in Militari area
Germany
SITA, the world's leading specialist in air transport communications and information technology, participated as new investor in Volocopter’s Series E Financing Round and becomes Volocopter’s preferred digital and IT systems partner for Vertiports. A team lead by Dusseldorf based Heuking Partner Dr. Martin Imhof legally advised SITA on its successful investment and the conclusion of a strategic partnership agreement with Volocopter. Volocopter is a pioneer in urban air mobility (UAM)
England
20 March 2023 – Law firm Shoosmiths has launched ESG 360, a free online compliance audit tool to enable organisations to understand their Environmental, Social and Governance (ESG) performance.ESG 360 users receive a personalised report providing red, amber or green ratings in relation to various elements of ESG compliance performance, alongside commentary and suggestions for improvement
Philippines
Norton Rose Fulbright's 2023 and tenth edition of Insurance regulation in Asia Pacific - Ten things to know about 20 countries is now available. The Philippine chapter was contributed by SyCipLaw partner Hiyasmin H. Lapitan with the assistance of partner Joan Mae S. To-Conejos and associates Roman George P. Castillo and Dece Christine C. Fulache. The guide provides an overview and practical checklist of ten common regulatory issues for insurance companies
Russia
On March 16th our firm held a webinar dedicated to the current legal trends in the pharmaceutical and healthcare industry, which Life Sciences companies may face in Russia.
The experts provided an overview of the legal trends and regulatory changes in the pharmaceutical and healthcare industry that Life Sciences companies may encounter nowadays
Germany
M&A specialists Dr. Andreas Lenz (Cologne) and Dr. Rainer Herschlein (Stuttgart) headed a team that advised the shareholders of folding carton producer Buchmann Gesellschaft mit beschränkter Haftung (Buchmann) on selling the company to WEIG group. As an owner-managed firm for about 120 years, Buchmann develops and produces folding cartons with over 330 employees at its Annweiler plant. In 2022, Buchmann generated sales of around EUR 190 million
New York, USA
Patterson Belknap has been recognized by Benchmark Litigation as the “New York Firm of the Year” in its 12th annual U.S. Awards. According to Benchmark, these awards “recognize the nation’s top litigators and their firms for their exemplary work over the past twelve months.” They “are the culmination of months' research, analyzing hundreds of submissions, surveying thousands of referees and interviewing hundreds of lawyers
USA
Chambers and Partners, one of the world’s leading independent professional legal research companies operating across 200 jurisdictions delivering detailed rankings of the world’s leading lawyers and law firms has published their Chambers Europe Guide 2023 and again recognized DTB as Band 1 in banking and finance, corporate and commercial (including M&A, competition, and IP practice area) and real estate practice areas. The team is also ranked Band 2 in dispute resolution practice area
Thailand
Kudun and Partners, as the transaction counsel, represented Apollo Asia Service Limited (AAS) and Apollo Asia Real Estate II Cayman Holdings, LLC (AAR) along with the managing director of CAS Capital (Thailand) Limited (CAS) on the sales of their respective equity interests in AGRE Service Company Limited (amounting to 49% of all shares in AGRE Service) and CAS Service Limited (amounting to 49% of all shares in CAS Service) to the managing director of CAS
Russia
On 5-7 March, the International Bar Association ("IBA") held its 28th Annual International Conference on private client issues "New realities in the private client practice" in London.
Kira Egorova, Private Client Practice Adviser at ALRUD, was one of the moderators of the round table "Hot topics in your jurisdiction". The experts discussed the current challenges and legislative changes that wealthy clients are increasingly facing in different regions
Russia
ALRUD experts successfully represented the interests of the owner of the historic building “Akter Gallery ” in the center of Moscow (shopping and office complex) supporting a transaction to lease the entire retail part of the building to Gloria Jeans.
The Gloria Jeans is one of Russia's largest clothing retailer with over 600 stores in more than 300 cities, as well as its own factories in Russia and development and production centres in the Asia-Pacific region
Russia
Margarita Egiazarova, PhD in Law, Senior Associate of ALRUD Employment Practice, participated in the annual AEB HR conference ”Times of anxiety: HR is everything!” on March 15, where she spoke at the Employment Law panel on “Employee Integrity Checks as a Preventative Measure for Labour Disputes”
China
The world's leading legal directory Chambers and Partners recently published its Patent Litigation Global Practice Guides (2023). Han Kun contributed the Guides' China chapter: Patent Litigation in China 2022: Practice and Prospects, co-authored by Yan Wang, Jian Zhang and Haiping Liu
China
On March 14, 2023, China Business Law Journal ("CBLJ") unveiled its 2023 list of Rising Stars in China's legal sector ("Rising Stars 2023"). The list presents 100 young, elite lawyers, comprising 80 practitioners of Chinese law and 20 international lawyers committed to China-related business, to recognize China's up-and-coming legal achievers who have demonstrated exceptional dedication and professionalism in their practice areas and who continue to deepen and expand their practices
China
Mr. Song specializes in venture capital and private equity financing, mergers and acquisitions, fund formation, and overseas listings. He has represented a large number of venture capital funds, private equity funds and entrepreneurs in their investment and financing projects, has participated in numerous complex equity and asset acquisition and merger deals, and has been significantly involved in the formation of, and fundraising for, numerous onshore and offshore private equity funds
Alabama, USA
Bradley is pleased to announce that Charles “Chuck” Stewart, a partner in the firm’s Montgomery office, has been named president-elect of the Alabama Chapter of the American Board of Trial Advocates (ABOTA). Mr. Stewart will serve in that role until November 2023 when he will become president of ABOTA’s Alabama Chapter for a one-year term during 2024
Alabama, USA
Anne Yuengert was quoted in an article regarding the Department of Labor’s clarification of the application of the Fair Labor Standards Act (FLSA) to nonexempt remote workers and the Family and Medical Leave Act’s (FMLA’s) hours-of-service eligibility requirement for teleworkers. An employee that works a 40-hour work week is eligible for 480 hours of FMLA; however, the amount of FMLA varies for employees who frequently work over 40 hours a week
Alabama, USA
Bradley attorney Elisha Kobre talked with Law360 about an upcoming Supreme Court ruling on the viability of False Claims Act (FCA) cases involving unclear compliance obligations. The ambiguous nature of these obligations and reaction of defense attorneys signals the likelihood of a favorable ruling.
Kobre told Law360 that FCA defense lawyers — himself included — have "absolutely" been making the ambiguity argument more frequently at the investigative stage and early in litigation
England
Shoosmiths’ energy and infrastructure team has advised Iceland Foods on a ten-year corporate power purchase agreement (PPA) with Octopus Energy’s generation arm.The signing of the PPA will see green power supplied to the frozen food retailer from the Breach solar farm in Cambridgeshire, which energy giant Octopus manages on behalf of Octopus Renewables Infrastructure Trust (ORIT).
The solar farm will provide c
China
MioTech (Yingtou Information Technology (Shanghai) Co., Ltd.) has successfully listed its "MioTech ESG Ratings" data product on the Shanghai Data Exchange. The product, powered by full-coverage datasets that enable overall and cross-sector market analytics, effectively addresses major challenges faced by traditional financial institutions in their evaluation of corporate sustainability
USA
On March 7, 2023, the firm secured a $131.4 million default judgment on behalf of a leading biopharmaceutical company, against Florida-based clinics in connection with a fraudulent HIV medication scam. The suit, initially filed in November 2020 in Florida federal court, alleges that two Florida-based healthcare networks engaged in schemes to defraud our client’s charitable medication assistance program for pre-exposure prophylaxis, or PrEP, a critical HIV infection prevention medication
Russia
ALRUD specialists provided comprehensive support in all aspects of sanctions compliance for the Russian division of a major international welding materials and tools manufacturing company
Argentina
Buenos Aires, 13 March 2023. On March 3rd, Vista Energy Argentina S.A.U. issued the simple and non-convertible into shares notes, Class XVIII and Class XIX Notes, both denominated in U.S. dollars, integrated and payable in Argentine pesos (the “Notes”). Class XVIII was issued for US$118,542,307 and Class XIX for US$16,457,693, totaling US$135,000,000. The Notes were issued under the company’s Global Program of up to US$800,000,000 (or its equivalent in other currencies or units)
West Virginia, USA
Broader Implications for Intercollegiate Athletic Conferences
Morgantown, W.Va. — Spilman Thomas & Battle (Spilman) announced that client Mountain East Conference (MEC) recently received a favorable ruling in the Northern District of West Virginia in an important and groundbreaking lawsuit involving the withdrawal of a former member university from the conference.
Per the Court’s ruling, the former member is required to pay the conference exit fee in full
Nicaragua
On Monday, March 6, 2023, the Ministerial Agreement Number Twenty-seven scripts two thousand twenty-three OSFL script (27-2023-OSFL) of the Ministry of the Interior of Nicaragua was published in La Gaceta Diario Oficial Number Forty-one (41), canceling eighteen (18) non-profit organizations. Among the agencies whose legal personality was cancelled is the Chamber of Commerce and Services of Nicaragua (CCSN)