Carey Olsen amongst finalists for offshore law firm of the year at The Asia Legal Awards Now in its 11th year, The Asia Legal Awards celebrate top lawyers and firms which have carried out the most complex, outstanding legal work in Asia, as well as recognising the most significant deals and transactions to be completed in this region over the past year ...
On 31 January 2024, the UK government will bring into force HM Treasury’s proposed reforms to the financial promotion rules. The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO) contains restrictions on the issue of communications which amount to “promotions” of investments in securities ...
As employees start to push the boundaries and consider travelling abroad to profit from a ‘working vacation’, it is essential that UK employers are aware of their obligations and the checks that must be carried out. Visa requirements should not prove an issue if the employee is remaining within the UK, but there are numerous visa considerations and contractual terms that should be reviewed before approval is given to work overseas ...
This article looks at current trends in UK mid-market debt finance and what we anticipate for 2024. Businesses have faced a perfect storm of challenges in the last twelve months: slow economic growth, rising interest rates, geopolitical unrest and struggles to curb inflation. Despite all that, Q4 of 2023 was a busy one, with a definite uptick in new deals off the back of more positive economic news towards the end of the year ...
Please note the following press release. This press release is available at our homepage. A Hamburg-based HEUKING team led by new Equity Partner Christoph Prochnau, LL.B., legally advised bigmed Beratungs GmbH & Co. KG on the sale of digmed GmbH to LOGEX Healthcare Analytics AG. Founded in 2008 by anesthetist Dr. Enno Bialas, digmed is a leading provider in the analysis of operating and surgical processes in hospitals in the German-speaking region ...
In a recent circular addressed to Company Service Providers (“CSPs”), the Malta Financial Services Authority (the “MFSA”) announced a number of changes to the Rulebook for Company Service Providers (the “Rulebook”), effective January 23rd January 2024. These changes aim to simplify and enhance the regulatory submission process for licensed CSPs, impacting submissions due in 2024 and thereafter ...
Carey Olsen advises on launch of new private capital administration business, Palmer Palmer was founded by chief executive officer Martin Schnaier, chief financial officer James Ireland, chief legal officer James Bermingham, chief commercial officer Jason Bingham and chief technology officer Phil Godley. All have previously held senior leadership positions in the industry, including at FTSE 250 company, Sanne Group plc, prior to its take-private in 2022 ...
Carey Olsen Hong Kong celebrated in The Legal 500 2024 Guide Hong Kong managing partner Michael Padarin and partner Jeremy Lightfoot have maintained their place as 'Leading Individuals' for the second consecutive year. Michael, who leads a "commercial and responsive" team was described by clients as "committed and completely reliable" whilst Jeremy was recognised for being "responsive and easy to deal with" ...
Please note the following press release. This press release is available at our homepage. A HEUKING team, led by Munich-based Partner Boris Dürr, advised PRIMEPULSE SE on the sale of its majority stake in publicly listed KATEK SE to Kontron Acquisitions GmbH, a wholly owned subsidiary of publicly listed Kontron AG. The transaction involved the sale of roughly 60% of all KATEK shares at a price of about EUR 130 million ...
On August 11, 2023, the Court of Appeal of Quebec handed down a decision in CFG Construction inc. c. R.,1 dismissing the appeal of the guilty verdict against an employer, CFG Construction inc. (?CFG?), for criminal negligence having caused the death of one of its employees. This decision serves as a reminder of the potential criminal liability of an employer, depending on its legal form, for the death or bodily injury of its employees in the workplace ...
Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these ****new statutes****, ****their initial application by Russian courts****, as well as the precedent-setting Russian Supreme Court ruling in the ****Uraltransmash v. PESA**** case in our previous newsletters ...
The beginning of the new year 2024 is a good time to look back to 2023 and to have a look at upcoming changes within the field of employment law. In this article, we will wrap up the previous year by examining two relevant employment law precedents issued during the last months of 2023 and discuss some of the legislative reforms that are expected during 2024 ...
Carey Olsen confirmed as leading listing agent on TISE for eighth consecutive year 2023 saw a number of emerging trends together with an expansion of the offering available at TISE. The second half of the year saw an increased interest in the listing of notes issued by co-issuer structures as well as the use of TISE for programme listings ...
Non-compete agreements are generally enforceable in Florida, if they are justified by a legitimate business interest and they are reasonable in time, area and line of business. However, a 2019 law invalidated non-compete agreements with certain physicians. Under Section 542 ...
The government first announced an increase to the Immigration Health Surcharge (IHS) in July 2023, stating that they expected this to come into force in Autumn 2023. As a result of the required parliamentary process, that increase has been delayed for some months, but the process is now close to completion and the final date for the increase is confirmed. Earlier this week, The Immigration (Health Charge) (Amendment) Order 2023 was approved by both houses of parliament and made into law ...
On 11 January 2024 the Financial Conduct Authority (“FCA”) published policy statement PS24/1 (without consultation). The policy statement sets out temporary changes to the complaints handling rules for motor finance complaints, amid a rise in complaints against motor finance firms relating to commission ...
In this two-part series, we look back at the various changes to immigration routes which took place in 2023 and what to expect in 2024. As we move into 2024, immigration continues to be a hot topic. As detailed in our immigration changes 2023 roundup, the government have already implemented numerous changes aiming to reduce net migration in the UK ...
The Court of Appeal confirmed that, on the proper interpretation of a reservation of rights clause, residential tenants had obtained a right to park on a private road outside their flats. In the recent case of Duchess of Bedford House RTM Co Ltd v Campden Hill Gate Ltd [2023] EWCA Civ 1470, the Court of Appeal has confirmed that, on the proper interpretation of a reservation of rights clause, residential tenants had obtained a right to park on a private road outside their flats ...
Introduction The United States Trustee Program is part of the United States Department of Justice and oversees the administration of bankruptcy cases, including oversight of panel trustees. When a bankruptcy court grants a motion to appoint a Chapter 11 trustee, the United States Trustee (“UST”) is responsible for selecting and appointing the individual who will serve in such capacity ...
On November 23, 2023, the State Council published theOfficial Reply of the State Council on the Work Plan for Supporting Beijing in Promoting the Construction of a Comprehensive Demonstration Zone for Further Opening up the National Service Sector(the "Reply") ...
By: Sarah Andrzejczak With a new year comes new employment laws, and Colorado is no exception. The following is a brief, non-exhaustive list of key law changes employers should be aware of for the 2024 year: Colorado’s FAMLI program will begin providing paid leave benefits to employees as of January 1, 2024 ...
In 2023, the U.S. Court of Federal Claims and the U.S. Government Accountability Office issued five bid protest decisions worthy of note: CACI -Federal v. U.S. Matter of Guidehouse Matter of Kupono Government Services LLC Myriddian LLC U.S. SH Synergy LLC U.S. This article provides summaries and discusses how these cases might shape future bid protests. 1. CACI The Facts In CACI, the protester in the U.S ...
Carey Olsen acts for Wentworth Resources plc in £61.7 million takeover by scheme of arrangement A Jersey company previously listed on the London AIM market, Wentworth has provided affordable and reliable natural gas to fuel Tanzania's socioeconomic development for the last 20 years. M&P is an oil and gas exploration and production company listed on Euronext Paris, specialising in the production of hydrocarbons ...
