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The General Court annuls the Commission’s 2016 decision on the Belgian excess profit tax rulings

The General Court of the European Union annulled on 14 February the European Commission’s decision of 11 January 2016 (Decision (EU) 2016/1699), in which it had found that Belgium’s excess profit exemption scheme was incompatible with EU...




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UK Government loses case relating to Saudi Arabia arms exports

On 20 June 2019, the UK Court of Appeal ruled that the UK Government’s decision to continue licensing exports of military equipment to Saudi Arabia for possible use in the conflict in Yemen was unlawful. The judgment comes amidst global concer...




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Internal Monitoring - The Legislator reverts to the issue of antitrust compliance

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The Italian Competition Authority’s enforcement against so called “IBAN discrimination” practices

Introduction The Italian Competition Authority (“ICA”) has recently adopted a harsh approach imposing quite significant fines on those operators who accept direct debit payments only to the extent that their customers are holders of an ...




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The new Italian Law on Class actions and its impact on the current private antitrust enforcement regime in Italy

The Italian legislation on private antitrust enforcement (Legislative Decree no. 3 of 19 January 2017 - Decree) has implemented the EU Directive no. 2014/104. The Decree sets out the rules according to which any natural or legal person who has suffe...




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Service of contractual notices under financial contracts

Generally speaking, where a contract sets down requirements for the service of notices under it, parties should comply with these strictly. A notice that fails to comply will be invalid. This has been established in a number of cases including the...




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Regulating firms’ culture - The increasing focus by financial regulators internationally on supervising firms’ culture

Introduction Financial services firms’ corporate governance and risk cultures is a ‘hot’ topic with financial regulators globally. Regulators have noted that serious corporate governance and conduct failings of financial services f...




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MiFID II and MiFIR - Italian transposition

On 28 July 2017 the Legislative Decree transposing Directive 2014/65/EU on markets in financial instruments (MiFID II) and Regulation (EU) 600/2014 (MiFIR) in Italy (the “Decree”) has been finally approved.The Decree amends and integrate...




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When off-plan doesn’t go to plan – security issues in residential developments

A recent High Court judgment provides a reminder of the rules governing the priority of security interests in an insolvency scenario, and also illustrates some of the potential pitfalls of purchasing apartments off-plan (Williams & Anor v Broado...




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What is market value and how can officeholders demonstrate it has been obtained? A look at Re One Blackfriars Ltd: Hyde v Bannon

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Eversheds Harry Elias Enhances Banking and Financial Services Practice with First Lateral Partner Hire since merger

  The Singapore office of global legal practice Eversheds Sutherland today announced the appointment of Gerard Ng as a partner in the Banking and Financial Services Practice group. With over 20 years of experience, Gerard is a specialist in len...




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A case study in receivership practice: Devon Commercial Property Limited v Robert Adrian Barnett, Robert John Blecher

Key Points • The self-dealing rule does not extend to a sale by a receiver to a party in which the mortgagee has an interest. • Although the duties of a receiver and a mortgagee are similar as to the Property, a receiver, unlike a mortgage...




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Sterling LIBOR Transition: Focus on Term SONIA

New LIBOR transition publications On 16 January 2020, the Bank of England, Financial Conduct Authority and Working Group on Sterling Risk-Free Reference Rates published a set of documents outlining priorities and milestones for sterling LIBOR transi...




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Coronavirus - Judicial comment on temporary ban on Statutory Demands and Winding-up Petitions... and opportunism! - UK

In Re Saint Benedict's Land Trust ...




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Coronavirus – Commission issues competition framework for co-ordination of essential scarce products - Europe

Executive summary On 8 April 2020, the European Commission issued a Temporary Framework Communication enabling it to: issue “comfort letters” in respect of specific temporary competitor co-ordination projects; and explain the criteria it...




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Coronavirus - Impacts on clinical trials - Germany

Implications of Covid-19 on the conduct of clinical trials The current Covid-19 pandemic’s impact on European healthcare systems, such as limited or no patient contact; restricted site access; shortage of investigational medicinal products; t...




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Mining in Tanzania

Tanzania, like several African and other jurisdictions, is facing significant demands from its citizens to benefit more from Tanzania’s vast mineral resources, particularly gold and diamonds, with other minerals such as gemstones, nickel, copp...




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KSA: The Renewable Energy Project Development Office (“REPDO”) invites interested developers to pre-qualify for the third round of the Kingdom of Saudi Arabia’s National Renewable Energy Program (“NREP”)

Background On 9 January 2020, REPDO invited developers to prequalify via a request for qualifications (“RfQ”) for the third round of the NREP in the Kingdom of Saudi Arabia. Third round of the NREP There will be four photovoltaic (&ldquo...




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Tunisia amends the 2016 auto-consumption regime in a step towards market deregulation

The Tunisian Government makes a huge step towards the deregulation of the renewable power market by amending the 2016 auto-consumption regime. The Decree 2020-105 has amended the 2016 auto-consumption regime legal framework. The 2016 regulation requ...




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The Petersberg Climate Dialogue XI

This year, the Petersberg Climate Dialogue (PCD), a platform for informal political discussion on climate policy related issues, took place online on 27 and 28 April 2020. One of the highlights of this year’s edition of the Petersberg Climate ...




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Triple-S Management Corporation (GTS) CEO Bobby Garcia on Q1 2020 Results - Earnings Call Transcript





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NMI Holdings, Inc. (NMIH) CEO Claudia Merkle on Q1 2020 Results - Earnings Call Transcript




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The Purpose of Trials




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The Purpose of Trials




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Qatar Charity provides healthcare to pregnant Syrian refugees

(MENAFN - The Peninsula) Doha: With QFFD support, Qatar Charity is providing healthcare to pregnant Syrian refugees. The same place brought them toget... ......




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PM holds meeting with officials of QC and Qatar Businessmen Association

(MENAFN - The Peninsula) Doha: Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani met through video conferen... ......




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Air India brings back 129 evacuees from Dhaka to Delhi

(MENAFN - IANS) New Delhi, May 9 (IANS) National carrier Air India on Saturday brought back 129 evacuees from Dhaka to the national capital's IGI Air... ......




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Jordan- Planning Minister, British official discuss cooperation to combat COVID-19

(MENAFN - Jordan News Agency) Amman, May 9 (Petra) �� Minister of Planning and International Cooperation Wissam Rabadi Saturday discussed with British... ......




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Kuwait- Covid-19 infections in Austria up by 60 to 15,735

(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 9 (KUNA) -- Sixty more people have tested positive for the novel coronavirus (Covid-19) in Austria, b... ......




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UAE-India repatriation Day 3 Blog: Flight to Lucknow ready to take off from Sharjah

(MENAFN - Khaleej Times) As part of the Vande Bharat Mission, an Air India flight with around 200 Indians from Sharjah will take off for Lucknow today... ......




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Based on strategic partnership, Azerbaijan-Russia bilateral friendly relations are successfully developing today in all areas (PHOTO)

(MENAFN - Trend News Agency) BAKU, Azerbaijan, May 9 Trend: The May edition of the influential Russian magazine "Natsionalnaya Oborona" (National Defe... ......




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India Inc launches 600 hotel rooms as quarantine facilities

(MENAFN - IANS) New Delhi, May 9 (IANS) Indian industry has come forward to support the government in expanding the network of isolation facilities i... ......




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Drones disinfect Indian coronavirus pandemic hotspot city after clashes

Hundreds of paramilitaries kept people off the streets and virtually all stores have been closed for at least a week. On Friday night, security forces fired tear gas at stone-throwing residents who ventured...




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Virus Forces Persian Gulf States to Reckon With Migrant Labor

The Mideast’s wealthiest countries depend on foreigners to do jobs their citizens won’t. But the virus has hobbled the arrangement and drawn attention to its inequities. ......




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Russia, Belarus mark Victory Day in contrasting events

MOSCOW (AP) " Russian President Vladimir Putin marked Victory Day, the...




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Israel Cracks Down on Banks Over Payments to Palestinian Inmates

An Israeli military order forbids banks in the occupied West Bank from processing payments that the Palestinian Authority distributes to the families of Palestinians who have spent time in Israeli jails. ......




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For Newark Valley family, toddler's COVID-19 diagnosis changes Mother's Day in an instant

Kali Little was already extra grateful for her mom and grandmother this Mother's Day. Then her 3-year-old was diagnosed with COVID-19. ......




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Coronavirus in Virginia: 5 takeaways from this week

Reopening Virginia Phase 1: Haircuts? Yes. Dining inside? No. North Carolina says Outer Banks renters are due refunds. Many find red tape instead. Norfolk students won’t be graded for work done from home during pandemic Virginia...




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Video Release: Coast Guard, assisted by Navy, medevacs man 400 miles off Virginia coast

Coast Guard, assisted by Navy, medevacs man 400 miles off Virginia coast Editors' Note: Click on images to download high resolution version. PORTSMOUTH, Va. ⁠- The Coast Guard medevaced a man from a tanker ship approximately 400 miles off the coast of Virginia, Friday evening....




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Newsom order sending mail-in ballots to all California voters sparks concerns

California Gov. Gavin Newsom on Friday...




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Shocker: Dems could lose a special House election — in Los Angeles?

Enjoy it while you can, California Republicans … all three of you. That’s an exaggeration, but it also puts the potentially...




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Stronger Together: EU and Georgia celebrate Europe Day

On 9th May the European Union and its member states mark Europe Day, which commemorates the historic 1950 Schuman declaration. This speech, made in the ruins of World War II, laid out a vision of cooperation between European nations that would lead to the European Union as we know it. Today, with 27 Member States and almost 446 million people, the EU marks the 70th anniversary of this declaration. The theme of 2020 Europe Day is Stronger Together, highlighting the need for solidarity particularly in the face of the Covid-19 crisis. To mark 9 May, Europe Day EU Ambassador to Georgia Carl Hartzell has issued a statement: 'Today, exactly 70 year ago a new vision for Europe was presented, that...




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India: Home Minister Amit Shah dismisses rumours about ill health

New Delhi: Union Home Minister Amit Shah on Saturday dismissed rumours about his ill-health, saying that he is healthy and has been working as the country fights coronavirus crisis. "I am completely healthy and am not suffering from any disease," Shah tweeted in Hindi. In his post, the Home Minister said that...




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Coronavirus: Indian manager of popular Chennai biotech firm consumes drug he invented to cure COVID-19, dies

Dubai: A 47-year-old pharmacist in the Indian state of Tamil Nadu, died on Thursday after consuming a “new cure” he had made for COVID-19. Indian tweeps shared reports of how the man, K. Sivanesan, made and drank the chemical concoction along with the owner of a popular Chennai-based herbal pharmaceutical company where he worked. According to a report by Indian newspaper, The Indian Express, the owner of Sujatha Bio Tech, along with his employee, tried to create a coronavirus cure, but consumed a...




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Coronavirus: Indian cops bury man killed by elephant, after family refuses to touch body, due to COVID-19 fears

Afraid of contracting the COVID-19, a family in the Indian state of Karnataka, abandoned their mentally-challenged, dead relative's body last week. This is when, three policemen took the job upon themselves to give the deceased a dignified burial. Tweeps are saluting them for their "thoughtful" gesture. The 44-year-old deceased man, was killed earlier this week when...




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First Indians arrive home after weeks stranded abroad

Repatriation flights and naval warships help return some citizens after long delays Coronavirus – latest updates See all our coronavirus coverage Relieved Indians are arriving at airports across the country on the first flights to bring home those stranded abroad, along with those who will arrive on...




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Asia Today: Seoul shuts down more than 2,100 nightclubs

SEOUL, South Korea (AP) — South Korea's capital has shut down more than 2,100 nightclubs, hostess bars and discos after dozens of coronavirus infections were linked to club goers who went out last weekend as the country relaxed social distancing guidelines. The measures imposed Saturday by Seoul Mayor Park Won-soon came after the national government urged entertainment venues around the nation to close or otherwise enforce anti-virus measures, including distancing, temperature checks, keeping customer lists and requiring employees to wear masks. Park said the entry bans on the facilities will be maintained until the...




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Shavkat Mirziyoyev lays flowers at the Memorial Complex “Ode to Fortitude”

Uzbekistan widely celebrates the Day of Memory and Honor and the 75th Anniversary of the Victory in World War II. President of the Republic of Uzbekistan Shavkat Mirziyoyev takes part in celebrations in Tashkent. On May 9, the Head of the state visited Victory Park, created in honor of this glorious date. People of Uzbekistan made a great contribution to the victory in World War II. But there was no single memorial complex in the...




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State councilor visits King of Cambodia in Beijing

BEIJING - Entrusted by President Xi Jinping, State Councilor and Foreign Minister Wang Yi on May 8 visited King Norodom Sihamoni of Cambodia, who came to Beijing for a physical examination. Wang conveyed the cordial greetings from President Xi...