Regions

Mannai Investment Co Ltd v Eagle Star Assurance Co Ltd

Two recent (at time of writing) cases have provided a reminder of the importance of getting basic details correct in leases and formal notices relating to leases, and underlined the ongoing relevance of the House of Lords judgment Mannai Investment Co Ltd v Eagle Star Assurance Co Ltd [1997] AC 749.

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Double tax treaty between Russian Federation and Hong Kong was ratified

Federal law dated 03.07.2016 No. 234-FZ ratified  the Treaty between the Governments of the Russian Federation and the Hong Kong Special Administrative Region of the People’s Republic of China “On the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income” (hereinafter – the “Treaty”).

The Treaty is based on the OECD Model Convention on avoidance of double taxation with respect to taxes on income and capital. The Treaty is a tax agreement which distributes income taxation rights between the two jurisdictions and assists investors in better estimation of potential tax obligations arising when conducting business operations.

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Hello Los Angeles, California! Howard & Howard continues West Coast expansion

Royal Oak, MI/Los Angeles, CA, July 6, 2016:  Michigan-based law firm Howard & Howard Attorneys PLLC is pleased to announce the opening of its Los Angeles, California office late last week.  Joining the firm and based in this new office are: Lisa I. Carteen andRyan A. Ellis.

The office is located in Century Plaza Towers at, 2049 Century Park East, Suite 330, Los Angeles, CA 90067-3105.

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Lidings’ Head of Dispute Resolution Practice Elected to Join the British Russian Law Association Committee

Partner, head of dispute resolution practice at Lidings Andrey Zelenin has been elected to become a member of the British Russian Law Association (BRLA) Committee after several years of active collaboration with the Association.

Andrey has great experience in litigation in the Russian courts and international arbitration, particularly in disputes involving financial institutions, companies from FMCG, energy and pharmaceutical sectors.

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Sharon Druker continues her involvement with the Bar of Montréal

July 6, 2016 — The Council of the Bar of Montréal has announced the renewal of Sharon G. Druker’s mandate with its Liaison Committee with Commercial Law Lawyers.

The Committee’s mission is to bridge the gap between lawyers practising business and corporate law and the Bar of Montréal. To achieve this result, the Committee launched several initiatives, including a mock negotiation session that took place last April 14, and where Ms. Druker was a participant.

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Peterka Partners – Newsletter July 2016

CZECH REPUBLIC

Register of Contracts As from 1 July 2016, contracts with public institutions must be published in a central register kept by the Ministry of the Interior. The failure to publish the relevant contracts will be sanctioned as from 1 July 2017, and this for contracts concluded from 1 July 2017 on.

Registration of beneficial owners

Amendment to the Act on Public Registers is passing through the legislative process. If enacted, companies registered in the Czech Republic will be required to disclose, within one year, their ultimate beneficial owner.

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“Prepping” for the DOL’s New White-Collar Exemption Rule

On May 18, 2016, the U.S. Department of Labor (“DOL”) announced the publication of a final rule that amends the “white collar” overtime exemptions to significantly increase the number of employees eligible for overtime pay. The final rule will go into effect on December 1, 2016.

The final rule provides for the following changes to the executive, administrative, and professional exemptions:

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Supreme Court Agrees to Review D.C. Circuit’s Decision That Former NLRB Acting General Counsel Served in Violation of Federal Law

Supreme Court Agrees to Review D.C. Circuit’s Decision That Former NLRB Acting General Counsel Served in Violation of Federal Law

On June 20, 2016, the United States Supreme Court granted a request by the National Labor Relations Board (“NLRB” or the “Board”) to review a decision from the D.C. Circuit Court of Appeals, which found that the Board’s former Acting General Counsel Lafe Solomon served in violation of the Federal Vacancies Reform Act, 5 U.S.C. §§ 3345, et seq. (“FVRA”) when he remained in that position after President Barack Obama nominated him to permanently fill the General Counsel role.

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Game Changer! Inauguration of expanded Panama Canal ushers in New Era of global trade

On Sunday, June 26th, 2016; the inaugural transit of the Panama Canal Expansion began with the transit of Neopanamax vessel COSCO Shipping Panama through the new Atlantic-facing Agua Clara Locks.

Originally named Andronikos, the vessel was renamed to honor and pay respect to the country of Panama and the Canal.

The Expansion Program is the Canal’s largest enhancement project. It included the construction of a new set of locks on the Atlantic and Pacific side of the waterway and the excavation of more than 150 million cubic meters of material, creating a second lane of traffic and doubling the cargo capacity of the waterway. While the Expanded locks are 70 feet wider and 18 feet deeper than those in the original Canal, they use less water due to water-savings basins that recycle 60 percent of the water used per transit.

 

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Ban on Sharapova

One of the most shocking news during the recent times for sports fans and legal fraternity, around the globe, has been Maria Sharapova’s admittance towards using the banned endurance-enhancing drug known as ‘Meldonium’ [added to the World Anti-Doping Agency (“WADA”) Prohibited List with effect from January 1, 2016]. The Independent Tribunal (“Tribunal”) appointed by the International Tennis Federation (“ITF”) [constituted under the rules of the Tennis Anti-Doping Programme 2016 (“TADP”)], has imposed a ban on Sharapova for a period of 2 years for committing an anti-doping rule violation under article 2.1 of the TADP, vide its decision dated June 6, 2016.

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