In May 2017, David Webb, an activist investor and former director of the Hong Kong Exchange and Clearing Limited, issued a report titled "The Enigma Network: 50 stocks not to own". This report mapped out a complex web of cross-shareholdings between ...
Takeover Panel Public Consultation Paper (PCP) 2017/2: Statements of intention and related matters 1. Introduction On 19 September 2017, the Code Committee (the “Code Committee”) of the UK Takeover Panel (the “Panel”) ...
China’s securitisation has been developing rapidly. To date, China’s securitisation market is already the largest in Asia and second largest in the world. Our structured finance partner Kingsley Ong (who is also the Secretary-General of ...
The Stock Exchange of Hong Kong (SEHK), wholly owned subsidiary of Hong Kong Exchanges and Clearing, has published a consultation paper last Friday 22 September 2017 which proposed changes to the Main Board Listing Rules (MB Rules) and the Rules...
Practice Statement No. 31: Implications for formal sale processes 1. Introduction On 7 July 2017, the UK Takeover Panel published Practice Statement No. 31, which sets out how the Panel Executive will apply certain aspects of Rules 2.4, 2.6, 21.2 an...
Over the years, Poland has worked to position itself as a strategic partner to Ukraine and its gateway to the European Union. One of these initiatives appears to be paying dividends. The efforts of the Warsaw Stock Exchange (WSE) to attract new fore...
On March 4, Pakistan national Muhammad Gulzar was shot and killed at the Greek-Turkish border. Evidence overwhelmingly suggests that the bullet came from a Greek firearm. An investigation into the tragedy at the edge of Europe.
After the Allies defeated Germany and ended World War II in Europe in summer 1945, peace finally prevailed on the Continent. The Germans were beaten, desperate and ashamed, but also ready to get back to normal life following the trauma. By DER SPIEGEL Staff
In the global jostling amid the coronavirus crisis, Beijing is extending its influence while U.S. President Donald Trump continues to squander America's leadership role. The pandemic could mark the beginning of a new Chinese era.
The corona crisis is changing the global economy. Production security is growing more important than efficiency. Here is what that might look like.
The World Health Organization is the most important authority in the global battle against the coronavirus. But doubts about the WHO’s leadership are growing, and not just in Washington. Is Director General Tedros up to the task?
On Monday, European Commission President Ursula von der Leyen and a number of world leaders are launching a massive fundraising endeavor to raise money for tests, medicines and a vaccine for the coronavirus. Only one major country is missing in the effort.
A growing number of people in Germany are resisting lockdown measures imposed to contain the coronavirus. The rift between those who support the measures and those who are critical of them is growing.
When the coronavirus pandemic began, the pharmaceutical company Gilead pulled remdesivir out of its storeroom. The drug, which had proved to be ineffective against other illnesses, could have a future in the battle against COVID-19. But it's likely not a "game changer."
The first coronavirus infection in the United States was confirmed in Seattle 100 days ago. A team of DER SPIEGEL reporters has documented what has happened since, following a dozen people as they struggle to come to terms with the health catastrophe.
Alcohol consumption is a problem in many African countries. In the island nation of São Tomé and Príncipe, off Africa's western coast, many residents don't want to hear about, fearing it could damage the country's international image as burgeoning travel destination.
The number of coronavirus cases is slowly sinking in Italy, but the country is now facing the next phase of a serious crisis: how to kickstart an economy that has been at a standstill for weeks.
International aid workers are having a tremendously difficult time doing their jobs due to all the travel bans around the world and other quarantine measures. In the face of the coronavirus, however, they are needed more than ever before.
Germany’s strict limitations on contact between people haven't conquered the virus - they have merely bought the country more time. Epidemiologists believe a second wave will come.
In an interview, medical historian Frank Snowden discusses how the coronavirus pandemic mirrors past outbreaks and argues that we must quickly apply the lessons learned today in preparation for the next disease.
Pathologists are eager to quickly conduct autopsies on as many COVID-19 victims as possible. They aim to determine who is at greatest risk from the virus and what damage it causes inside the body. Initial results are already available.
Iceland has the coronavirus pandemic better under control than most other countries. In an interview, Prime Minister Katrín Jakobsdóttir explains the next important steps for her country.
Even before the arrival of COVID-19, humanity found itself stuck in several crises at once. The current shock delivered by the coronavirus could accelerate a paradigm shift that was already underway. It may result in a better and more sustainable world.
Each year, thousands of South Africans die from the consequences of coal-fired power generation. The respiratory disease COVID-19 is exacerbating the country's health crisis.
Everything will be different after the COVID-19 pandemic. But how? Who will emerge as a winner amid all the changes sweeping the globe? Six economists, diplomats and pollsters share their prognoses for the post-coronavirus future.
Donald Tusk, the head of the European People's Party and the former president of the European Council, says the coronavirus crisis could spell the end for the EU. He urges Germany to show more solidarity with weaker countries and hopes to prevent Hungary from becoming a dictatorship.
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect that Brexit will have on local and global economies. However, as the dust settles following the ...
The Court of Appeal’s decision in The South West Strategic Health Authority v Bay Island Voyages [2015] EWCA Civ 708 provides guidance on the application of the Athens Convention 1974 in contribution claims against carriers. The Facts On 26 Au...
Bunge SA v Nidera BV [2015] UKSC 43 This case was first brought to the attention of the Commercial Court in June 2013, when an appeal on the ruling of the first arbitral panel was sought by the Claimant, Bunge SA (“Bunge”). The matter at...
In the recent case of ‘Avonwick Holdings Ltd v Webinvest Ltd and another’ [2014] EWCA Civ 1436, the Court considered whether or not correspondence marked “Without Prejudice and Subject to Contract” should be admitted in evid...
(1) PST Energy 7 Shipping LLC and (2) Product Shipping and Trading S.A. v (1) OW Bunker Malta Limited and (2) ING Bank N.V. [2015] EWHC 2022 (Comm) In a well-publicised case, the High Court has ruled that shipowners are obliged to pay OW entities un...
The Supreme Court’s decision in Zurich Insurance PLC UK Branch v International Energy Group Limited provides some clarity to the position of Clubs who face long-tail work related illness claims where multiple employers or insurers were involve...
Reviewing the notification requirements in the InterClub Agreement in the wake of Ipsos S.A. v Dentsu Aegis Network Limited (previously Aegis Group plc) [2015] EWCH 1171 (Comm) The Background The recent decision in Ipsos S.A. v Dentsu Aegis Network ...
Laporte v Commissioner of Police of the Metropolis [2015] EWHC 371 (QB); [2015] 3 Costs L.R. 471 In this case, the Court considered the extent to which a refusal to engage with alternative dispute resolution ("ADR"), (in this case med...
Buyers of immovable property must think very carefully before paying deposits. If for some reason the sale is cancelled, the purchaser remains liable for transfer duty on the deposit that is forfeited to the seller (in terms of section 5(2)(a) of th...
Synopsis Pursuant to a contract of sale (the “Contract”) the respondent seller (the “Seller”) agreed to build and sell to the claimant buyer (the “Buyer”) a 9,400 dwt chemical tanker, the Delivery Date (as defined...
The changes to the Brussels Regulations apply to civil and commercial proceedings commenced on or after 10 January 2015 and are applicable in all 28 EU Member States. The Regulations determine the jurisdiction of commencement of litigation in Courts...
As the shipping community is truly internationally based, issues can often arise when a formal claim is issued in the English High Court that then has to be served outside the UK jurisdiction. For example, if a dispute arises between a ship ow...
The Commercial Court was asked to consider whether a cargo of LNG could be a cargo injurious to the Vessel. The Facts By way of a Time-Charterparty dated 3 January 2011 AOM chartered the LNG Gemini (the “Vessel”) to Golar Commodities Ltd...
The Government has recently announced that the Consumer Rights Bill is intended to become law on 1 October 2015, subject to the ongoing Parliamentary process. The Bill is relevant to businesses in the transport sector as it will introduce significan...
A new online registration, certification and reporting system was recently introduced in the UK, applying to all employee share plans and arrangements. The first major deadline for online reporting is approaching (6 July 2015) and employers should b...
The EU has today published further sanctions against Russia, following agreement between the EU and the US that additional measures were required to respond to, what the EU and US view as, Russia’s continued efforts to destabilise the Ukraine....
Amendments to the recently passed draft PPP law have been approved by Jordan's Lower House Investment Committee (the “Committee”). The Committee has amended articles in the draft PPP law by removing the obligation on the Governme...
In Griffon Shipping LLC v. Firodi Shipping Ltd (The Griffon) Teare J considered, in the context of clause 13 of the standard form Norwegian Sale Form (“NSF”) 1993, where a buyer fails to pay the deposit under a memorandum of agreement, w...
Emirates Trading Agency LLC v. Prime Mineral Exports Private Limited [2014] EWHC 2104 (Comm) Facts Emirates Trading Agency (Emirates) agreed to buy iron ore from Prime Mineral Exports (PME) but failed to collect all the order. PME claimed liquid...
Proton Energy Group SA ("Proton") v. Public Company Orlen Lietuva ("Orlen") [2013] EWHC 2872 (Comm) (the "Proton case") The Proton Case was first brought to the attention of the Commercial Court in February 2013, when an application for summary judg...
On 31 July 2014, the Council of the European Union (the “Council’) adopted Regulation (EU) No 833/2014 which implements Council Decision 2014/512/CFSP...
In Firodi Shipping Ltd v. Griffon Shipping LLC (“The Griffon”) the Court of Appeal considered the decision of Teare J. reported in [2013] EWHC 593 (Comm). For our e-briefing article on Teare J’s decision in the Commercial Court,