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New advertising tax introduced in Hungary

As of the 20th August 2014, businesses in Hungary are required to pay tax in connection with their advertising activities. The new legislation applies to individuals or organisations that publish adverts (“Publishers”);and place orders f...




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Cyber liability: how can businesses protect themselves against underestimated cyber risks?

Cyber risk is the risk of financial loss, disruption, or damage to reputation as a result of  breaches of data security, including unauthorised disclosure of data, and compromise or failures of IT systems.  Specific examples include: ...




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Managing office Christmas parties

Whether an office Christmas party takes place within working hours, out of hours, in the office or away from the office, it is considered an extension of the working environment.  While no one wants to be the office scrooge and take away the po...




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Advising on restaurant opening in Milan

Lume recently awarded prestigious Michelin star  ?Our client, AUREA srl, is the proud owner of a now Michelin-Starred restaurant which is gaining huge attention in a new multi-use development in Milan. The area, formally a factory site, has un...




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COVID Spread May Put Native Americans at Increased Risk of Violence

Native American advocacy groups worry lockdowns can lead to increases in alcohol, drug and domestic abuse




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Brazil Ex-Prisoners Distribute Aid to Poor Amid COVID Lockdown

Members of the Eu Sou Eu group are giving a hand to residents of Rio de Janeiro's favelas, supplying the needy with food and face masks




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Legal Factors every non-profit must consider before expanding into new countries- The NGO Whisperer Magazine

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Tightening the Rules of Backdoor Listings

In recent years, there have been growing concerns over backdoor listings and shell activities in Hong Kong as a result of which new businesses have been able to be listed without going through the listing requirements contained in the Rules Gover...




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Eversheds Sutherland has advised Baladna Food Industries W.L.L

Eversheds Sutherland has advised Baladna Food Industries W.L.L (“Baladna”), the largest dairy producer in Qatar and one of the largest fully integrated producers in the MENA region, on all legal and regulatory issues in connection with i...




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Final Report of the Brydon review into the quality and effectiveness of audit published

  On 18 December 2019, the Government published the final report of the independent review undertaken by Sir Donald Brydon into the quality and effectiveness of audit (Report). The Report contains recommendations ...




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New ESG requirements for Hong Kong listed issuers

Companies nowadays are placing a greater emphasis on environmental, social and governance (“ESG”) matters as they recognise what the impact of these may have on their businesses. Coupled with the increased demands from investors on discl...




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Disclosure of Beneficial Owners of Counterparties in Corporate Transactions

The Rules Governing the Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) impose certain disclosure obligations on listed issuers when they engage in different types of corporate transactions. However, it has be...




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Eversheds Sutherland advises on Baird Capital’s investment in Aura Futures

  Eversheds Sutherland has advised Baird Capital, the direct investment arm of Baird, on its investment in Aura Futures (Aura), a leading provider of workspace technology solutions to mid to large-size enterprises operating in over 60 countries...




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Online Annual General Meetings and more flexibility for corporate reorganisations – how the German legislator reacts with new corporate law measures to the Corovid-19 crisis

1. Upcoming German Annual General Meetings season 2020 A lot of German corporates have traditionally lined up their annual general meetings (AGM) for May, June and July. In the wake of the co-rona virus crisis, the boards of a large number of compa...




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Coronavirus - Impact on working capital and fundraising options - UK

Background The ongoing coronavirus pandemic is a public health crisis which has quickly developed into a deep economic crisis. Many businesses, particularly those in the retail, leisure and hospitality sectors, are facing a complete and indefinite c...




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Coronavirus - FCA announces additional measures to aid listed companies with fundraisings - UK

Listed companies and recapitalisation issuances The FCA has announced a series of measures aimed to assist companies in raising additional capital in response to the Coronavirus crisis, whilst at the same time aiming to retain appropriate protection...




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Coronavirus – Fiducie – Facilitating the obtaining of secured financing and the disposal of distressed assets – France

When the economic situation deteriorates, when the financial situation becomes strained, when the granting of credit becomes more difficult, being able to provide effective collateral in order to obtain cash from lenders is more important than ever ...




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Eversheds Sutherland advises CEO and owner of Sarcus group on the sale to private equity investor Maxburg Capital Partners

Eversheds Sutherland has advised the CEO and owner of Saracus group on the sale of the group to an investment fund managed by private equity investor Maxburg Capital Partners. The parties agreed to keep the purchase price confidential. The client wi...




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Coronavirus - Guidance issued to Remuneration Committees - UK

The Investment Association (IA) has issued guidance to UK listed companies on how to approach executive pay issues during the COVID-19 pandemic. The IA published a Full Article



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Coronavirus – Podcast: DAC6 implications on corporate reorganisations - Global

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Eversheds Sutherland have advised the management team shareholders on the sale of a minority stake in Waterlogic

Eversheds Sutherland have advised the management team shareholders on the sale of a significant minority stake in Waterlogic, a UK-based designer, manufacturer, distributor and service provider of purified water dispensers, to four strong instituti...




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Eversheds Sutherland has advised Investment House Q.P.S.C. (“IH”), one of the leading investment banks and asset managers in Qatar

Eversheds Sutherland has advised Investment House Q.P.S.C. (“IH”), one of the leading investment banks and asset managers in Qatar, in connection with the first private fund in the country to invest in the alternative asset class of commercial shipp...




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The rise of AI and Robotics in Retail - is it forging ahead of the law?

AI AND ROBOTICS IN RETAIL HAS UNSTOPPABLE MOMENTUM. IT WILL BE A KEY FOCUS AND POTENTIAL DIFFERENTIATOR FOR RETAILERS Earlier this year, MEPs voted for a set of regulations to be drafted to govern the use and creation of robots and artificial intell...




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UK Government announces legislation for implementation of a UK digital service tax from April 2020

Speed brief: On 11 July 2019, the UK Government published legislation confirming its intention to introduce a digital services tax (DST). The key features of this DST are as follows: • 2% tax on revenues (not profit) generated from UK users &bu...




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New decisions on the admissibility of cookies

There has long been discussion as to whether the use of cookies and other technologies for the purposes of web analysis, tracking and individualised advertising requires the explicit consent of those concerned or whether this can also be based on le...




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The European Commission White Paper on Artificial Intelligence published

  Throughout 2019, we saw a growing promulgation of guidance, consultations and new laws across the world. In light of such a regulatory landscape beginning to form, there is growing debate as to whether or not Artificial Intelligence (“A...




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Local Government Briefing Note 38 of 2012: Expert evidence in procurement claims - no general admission

Expert evidence in procurement claims – no general admission On 28 September 2012 the High Court rejected an application under...




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Local Government Briefing Note 39 of 2012: Registered Providers to face longer, more complicated and more expensive claims?

Registered Providers to face longer, more complicated and more expensive claims? The Legal Aid, Sentencing and Punishment of Offenders Act 2012 ("LAPSO") LAPSO received Royal Assent on 1 May 2012 and will come into force on 1 April 2013. It will hav...




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Local Government Briefing Note 2 of 2013 - Charitable Incorporated Organisations (‘CIOs’) – Available Soon!

The Charities Act 2006 (now the Charities Act 2011) introduced a new form of incorporated charitable entity, the CIO.  There has been a long delay in making CIOs available but their imminent arrival has been heralded by a recent government anno...




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Local Government Briefing Note 6 of 2013 - State Aid Modernisation: proposed amendments to the Enabling and the Procedural Regulations

The European Commission (the "EC") presented two proposals on 5 December 2012, as part of its State Aid Modernisation initiative. The proposals will include amendments to two key State aid instruments, the Enabling Regulation and...




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Local Government Briefing Note 9 of 2013 - The Administrative Court considers effective and lawful consultation

The court has recently considered the extent of disclosure required to satisfy the obligation of fairness in a consultation exercise in the case of R (on the application of Save our Surgery Limited) v Joint Committee of Primary Care Trusts  (&l...




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UK HR Local Government e-briefing - Today's employment law changes; and what else to expect this year

Today’s employment law changes; and what else to expect this year Various changes to employment legislation take effect today, including amendments to whistleblowing laws.  Other changes will follow over coming months. In this briefing we...




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Planning Provisions in the Infrastructure Bill

From a planning perspective the Bill does not envisage major regime change, but rather concentrates on refinements to the nationally significant infrastructure projects (NSIP) system and includes a measure aimed at accelerating decisions at a local ...




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Decision to cut libraries quashed by High Court

Following the unsuccessful “save the library” challenge against Brent Council in 2011, comes another  High Court judgment in judicial review proceedings involving a Council’s decision to achieve spending cuts by reducing its l...




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UK Public Sector Pensions Speedbrief: All a-Board! Final LGPS governance regulations issued

The Local Government Pension Scheme (Amendment)(Governance) Regulations 2015 were laid before Parliament on 28 January 2015.  Issued under the Public Service Pensions Act 2013, these...




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Next step for the mutualisation agenda

With the dust settling after the recent General Election, it is possible to better speculate as to the likely direction of travel of the new Conservative government. The new administration has a slim majority, therefore, there still may be an elemen...




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Buyer beware – Mystery Shopper is out there…and there is more to come!!

Although the "Mystery Shopper" has been around since February 2011, with the release of the Public Procurement Note 09/15 ("PPN 09/15") on 1 June 2015, we can expect to see a rise in the number of procurement investigations. PPN 09/15 explains the n...




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Successful judicial review challenge against Council’s home to school transport policy which was held to be indirectly discriminatory

In R (on the application of Diocese of Menevia and others) v Swansea City and County Council1 (“the Council”), the Administrative Court was required to consider whether a change in policy made by the Council in respect of school transpor...




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THE NEW OFFICIAL WARNINGS, A SIGNIFICANT INCREASE IN THE CHARITY COMMISSION’S POWER?

Closing a loophole? One of the key features, and one of the most contentious provisions, of the Charities (Protection and Social Investment) Bill 2015 (“the Bill”) is the new power it will grant the Charity Commission (“the Commission”) to issue of...




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Is a domain name a property right?

The importance of the internet and the role that e-commerce plays in a company’s business have increased significantly over the past few years with many successful companies operating predominantly, some even exclusively, from online platforms...




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Retail groups with Swiss financing arrangements

The Swiss Federal Supreme Court recently considered whether a dividend distributed by a Swiss company that participated in a zero balancing financing arrangement had been distributed lawfully. The case refers back to 2001 when Swisscargo AG distribu...




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Retail Speed Brief: ICO issues fine for security breach involving failure to adhere to PCI-DSS

The security of personal information, including customer payment card data and related details, is integral to the functioning of retailers with an online offering, and there are serious consequences in the event of security breaches. Penalties...




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Is the UK fashion sector anti-competitive? Competition and Markets Authority investigation launched

Competition Law E-Briefing: Fashion sector competition probe On Tuesday 24 March 2015, the UK’s competition regulator, the Competition and Markets Authority (the “CMA”), opened an investigation into suspected anti-competitive arrangements in the UK ...




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Germany: Bundeskartellamt blocks takeover by food retailer EDEKA of Kaiser’s Supermarkets, Parties apply for ministerial authorization

On 31 March 2015, the German Federal Cartel Office (“Bundeskartellamt”, BKartA) announced that it has blocked the proposed takeover of approximately 450 Kaiser’s Tengelmann supermarket branches by EDEKA, the leading German food ret...




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Commission probes online restrictions on retailers - e-commerce sector inquiry update

It has been reported that the European Commission (the “Commission”) is asking retailers to detail the difficulties they face while trying to sell their products online, as part of the lengthy questionnaires sent to the retailers followi...




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Eversheds advises Windmill in successful defence of Court of Appeal challenge to retail planning permission

R (on the application of Tesco Stores Limited) v Forest of Dean District Council and (1) JD Norman Lydney Limited (2) Asda Stores Limited (3) Windmill Limited (4) MMC Land & Regeneration Limited1 The Court of Appeal, upholding a decision of the ...




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Food / Retail Sector Update: European Commission President calls for review of supermarkets’ power

On 9 September 2015, in his first State of the Union address, European Commission President Jean-Claude Juncker called for a review of the power wielded over food markets by groups of retailers and the “need to break some retail oligopolies&rd...




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Food / Retail Sector Update: European Commission President calls for review of supermarkets’ power

On 9 September 2015, in his first State of the Union address, European Commission President Jean-Claude Juncker called for a review of the power wielded over food markets by groups of retailers and the “need to break some retail oligopolies&rd...




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Is Safe Harbor now invalid?

Advocate General of the Court of Justice of the European Union (“CJEU”) publishes his opinion (the “Opinion”) questioning the validity of Safe Harbor The Opinion in summary On 23 September 2015 Advocate General (“AG&rdq...




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Commission blocks Hutchison’s takeover of O2

On 11 May 2016 the Commission blocked an acquisition of Teléfonica UK’s O2 by Hutchison 3G UK’s Three, casting doubt on the acceptability of ‘four to three’ mergers in the mobile sector. The Commission expressed concer...