Monthly Archives: September 2017

Networking with LinkedIn for Lawyers

Recently, I was asked to appear as a guest on a new podcast with Louise Kulbicki, which focuses on teaching non-native English-speaking lawyers “Legal English.” Paid members can also get access to further learning materials, including quizzes and transcripts. Our conversation centered on the importance of social media, and LinkedIn in particular, for making and maintaining networking relationships. For the full podcast interview, head to this link here.

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New rules regarding disclosure of material act or fact

On September 11, CVM Instruction 590 was promulgated, promoting specific changes in CVM Instruction 358, which provides for disclosure of a material act or fact, and CVM Instruction 461, which regulates regulated securities markets.

There were no fundamental changes in the principles governing procedures for disclosure of material acts or facts, but rather specific changes.

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CMED opens public consultation on draft resolution regulating sanction procedures

The Medication Market Regulation Chamber (CMED) opened yesterday, September 13, 2017, public consultation on a resolution that provides for the administrative process for the determination of infractions and the application of penalties arising from conduct that violates the market regulatory norms of medicines.

The proposed resolution defines the applicable infractions and penalties, including specifying how fines are determined, through the use of predefined formulas. The intention is to optimize the management and analysis of administrative processes, outlining the steps of establishing and instructing sanctioning procedures, as well as providing for the possibility of voluntary reparation prior to the initiation of administrative proceedings and subsequent redress, important innovations of the CMED. In addition, this resolution also institutionalizes the Commitments for the Adjustment of Conduct to be concluded on the initiative of CMED itself or at the request of the interested party.

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More Suits Expected As Law Firm Runs Ads About CU Overdrafts

DETROIT–A law firm here is running newspaper ads headlined, “Attention Credit Union Members: Has your credit union assessed multiple overdraft charges when you believed you had a sufficient balance?”

One attorney who represents credit unions is warning that there will be “more of these lawsuits.” The ads received significant press attention in the Detroit Free Press.

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TGS Baltic Estonia is the most attractive employer among law students

Employer branding agency Instar conducted an employer reputation study among 5500 students. Law firm TGS Baltic was voted the most attractive employer by law students.

The top three most sought-after employers for law students included the Supreme Court and the Ministry of Justice. Skype was ranked as the overall most attractive employer in Estonia for the sixth time in a row.

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Latvia: Inese Hazenfusa comments on the Regulatory Sandbox for Fintech Companies

On September 5, 2017 in the newspaper Dienas Bizness Inese Hazenfusa, Partner at TGS Baltic, comments on the regulatory sandbox for financial technology companies or fintech companies. Among other things, Inese states that the regulatory sandbox is a safe place, where an entrepreneur may try one’s innovative ideas and solutions in real life within the existing regulatory framework and in close communication with the state supervisor of the respective field. Thus, it creates possibility to identify potential risks on time and to prevent them.

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Lithuanian regulation has been finally harmonized with the market abuse regulation

Mantas Gofmanas, TGS Baltic Senior Associate

As the Board of the Bank of Lithuania adopted new Information Disclosure Rules (the “Rules”), the Lithuanian national regulation in connection with prevention of market abuse, disclosure of inside information, disclosure of information about managers’ transactions, also regulation in connection with persons in possession of inside information, etc., has been finally fully harmonised with requirements of Regulation No. 596/2014 on market abuse (the “MAR”) and related regulatory technical standards and implementing technical standards.

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Will It Be Known As “Michelin Star Athletica”?: Why The US Supreme Court May Have Given American Chefs A Reason To Cheer

Recent years have witnessed a surge in the United States in the appreciation for fine food and those who create it.  Indeed, the concept of the “celebrity chef” has taken such hold in the United States that there are entire television networks and countless magazines (on-line and in print) to cooking, recipes, chefs and the like, not to mention a wide variety of restaurants at all price points trading on the name and reputation of such chefs.  Indeed, in much the same way that sports fans snap pictures of star athletes or look for Top Ten highlights, diners now post from well-known (or even not so well known) eateries on-line reviews and uploaded photographs of each course served to memorialize their memorable food encounters; would-be diners and others take it all in as they try to decide what and where to eat.

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Spotlight Award Book of Lists 2017/2018 Received by Kochański Zięba & Partners

Kochański Zięba & Partners law firm have received the SPOTLIGHT AWARD BOOK OF LISTS 2017/2018 WARSAW BUSINESS JOURNAL in the category: leading mergers and acquisitions advisory firm. KZP is recognized for exemplary advisory services provided to Redefine Properties Limited, South Africa-based real estate investment trust listed in the Johannesburg stock exchange market, during the acquisition of 75% of shares in Echo Prime Properties B.V. from Echo Investment S.A. The transaction value, the largest in the history of the Polish real estate market, amounted to PLN 5.3 billion.

According to the Jury, Kochański Zięba & Partners have once again demonstrated their expert knowledge of the legal aspects of international mergers and acquisitions as well as displaying an extraordinary knowledge of the commercial real estate market.

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First Circuit Requires Identifiable Injury for Claims Asserting Deceptive Retailer “Compare At” Prices

Consumer class actions alleging that retailers are using deceptive comparison pricing tactics online and in stores are becoming increasingly common under state consumer protection statutes and common law causes of action.

In these cases, a retailer’s success in making a motion to dismiss the action depends, in large part, on the jurisdiction in which the case is filed. The U.S. Court of Appeals for the First Circuit recently provided additional support for retailers operating under Massachusetts law by affirming the dismissal of two separate deceptive pricing class action complaints against national retailers Nordstrom and Kohl’s. In its opinions, the court held that the Massachusetts Consumer Protection Act (MCPA) and Massachusetts common law require an identifiable injury beyond a plaintiff’s subjective belief about the value the product he or she is purchasing.

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