Europe

Cleaver Fulton Rankin expands expert team with new appointments and promotions

Leading commercial law firm, Cleaver Fulton Rankin has appointed new specialists and made a number of promotions to add to its expert and specialist teams.

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Fladgate acts for Zouk Capital and 83North on $50m funding for workable technology

Leading UK law firm Fladgate has advised private equity firms Zouk Capital and 83North in relation to their participation in a $50M Series C round of funding in relation to Workable Technology Limited.

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Challenging Transactions on Corporate Grounds

On the June, 26th 2018 the Plenum of the Supreme Court of the Russian Federation adopted the Resolution No. 27 “On challenging of the major and interested party transactions” (hereinafter – The Resolution). The Resolution provides the unified practice applying of the legislation of the business entities. The Resolution touches on the issues regarding dispute resolutions arising from the major and interested party transactions (Sections XI and XI of the Federal Law No. 208-FZ “On Joint stock companies” dated 26.12.1995 and Articles 45 and 46 of the Federal Law No. № 14-FZ “On Limited Liability Companies” dated 08.02.1998).

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Not too good to be true? New bill could give ESOPs a boost

“It’s such a good deal that it won’t last for long”, cried hundreds of business owners in response to the suggestions of setting up an ESOP. However, a bill recently adopted by the Parliament suggests that if a company uses this type of employee benefits scheme for its intended purpose, they should be able to count on it in the long term as well.

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Lidings Launches Series of Tests on Legal Regulation of Life Sciences Sector

Lidings, the leading legal advisor in Russia providing legal support to large national and international companies operating in the pharmaceuticals and healthcare sector in Russia and CIS, launces a series of specialized tests on the legislative regulation of the sector.

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Hoofdelijke aansprakelijkheid van bestuurder: is een stichting een vennootschap?

Kort geleden heeft het Hof Arnhem-Leeuwarden een uitspraak gedaan over de vraag of de bestuurder van een stichting hoofdelijke aansprakelijk is voor huurtermijnen die de stichting niet betaald heeft. Interessant hierbij is vooral dat het Hof voor het antwoord op deze vraag de stichting gelijk heeft gesteld aan de BV en de NV.

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Electronic employment record books initiative of the Russian Ministry of labor

Draft law designed to adopt electronic employment record books has been prepared by the Russian Ministry of labor (“Draft law”). As of the date of this legal update publication the Draft law undergoes public discussions stage1.

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IFLR1000 – Lidings Once Again Confirms its Outstanding Legal Expertise in M&A and Restructuring and Insolvency

Lidings continues to receive recognition from leading international legal directories as top-notch advisor to businesses in the Russian market. International Financial Law Review 1000 (IFLR1000) once again notes Lidings for its expertise M&A and Restructuring and Insolvency practice areas.

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I am selling my company… how am I taxed?

A growing number of family businesses are coming up for sale these days. This is partly due to the favourable investment environment, and partly to the difficulties to pass on businesses to the next generation. A critical aspect in such deals is: what kind of tax implications the sale will have for the sellers. While, in some cases, the sale can be made tax-free, at other times a private individual divesting his or her share in the business can be faced with a tax liability of up to 34.5%.

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New ASA guidelines for Social Media Influencers – will a “#ad” continue to do the trick?

Avid social media users will be well-acquainted by now with the concept of influencer marketing, which has evolved alongside the rise of mobile technology and social media and into an increasingly popular advertising tool. Influencer marketing involves the engagement by brands of individuals (usually celebrities or industry experts) with large followings on social media such as Facebook, Twitter and Instagram to advertise or recommend products. Depending on the influencer/amount of followers, it has been reported that charges per post can reach up to £500,000, and this has fast become an extremely lucrative industry.

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