The COVID-19 pandemic and the associated "lockdown" poses completely new challenges for Swiss societies. This concerns, among other things, the numerous upcoming annual general meetings, which are usually held between April and June. According to th...
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...
Royal decree No 4 1 contains various provisions on co-ownership and companies and associations law in the context of the fight against the Covid-19 pandemic. It was published in the Belgian State Gazette on 9 April 2020. The COVID-19 Decree is, amon...
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 ...
On 1 April 2020, the President of the Russian Federation signed Federal Law No. 98-FZ On Amendments to Certain Legislative Acts of the Russian Federation on Disaster Management and Emergency Response, which introduces a number of measures in differe...
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...
Discover how coronavirus is impacting AGMs for Hong Kong listed companies with this COVID-19 briefing from global law firm Eversheds Sutherland With the recent surge in the number of coronavirus disease 2019 cases in Hong Kong, this has prese...
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...
Decisions of the management body The Belgian Companies and Associations Code (hereafter CAC) allows for the management body to take all decisions by way of unanimous written consent of all directors except when the articles of association exclude ...
Eversheds Sutherland has supported SPX FLOW on the sale of its Power and Energy segment to funds managed by affiliates of Apollo Global Management, Inc for approximately $400 million. SPX FLOW are based in Charlotte, North Carolina and are a leading...
What sellers and buyers can do to agree on a purchase price Due to the economic turmoil that has been caused due to Covid-19 Sellers and Buyers are trying to find common grounds for the valuation of target companies ("Target"). Many Sellers are sti...
Employment law considerations Whilst considering the health and safety recommendations implemented by the Government, the Occupational Safety and Health Act 2005 (OSHA), also establishes legal principles guiding employers and employees in dealing wi...
Companies are facing difficult times with reporting, audits and meetings in view of the COVID-19 outbreak. In this update we take a look at the measures that have been announced this week to assist companies. Whilst we are seeing some creative...
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...
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...
For listed and traded UK companies with a 31 December year end, the COVID-19 pandemic and the potential for further tightening of restrictions on gatherings and travel in the UK raise particular issues as they enter into reporting and AGM seas...
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Year end reporting and filing accounts Year end reporting and audit As a reminder, the Financial Reporting Council (FRC) published advice to all companies and auditors in February on COVID-19 related risk disclosures in year-...
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...
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...
The UK Government’s firm intention is that the UK will leave the European Union at 11 pm on 31 January 2020. As part of the withdrawal agreement setting out the terms of the UK’s exit (Withdrawal Agreement), the EU and the UK have agree...
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 ...
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...
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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Following the judgment in De Freitas v Chamdor Meat Packers [2015] JOL 33940 (GJ), when a company proposes to its shareholders the adoption of a new Memorandum of Incorporation, the shareholders should carefully consider the provisions of the new Me...
We are delighted to share with you our latest Consumer sector Thought Leadership report ‘Reshaping your business: The impact of sustainability on the food and beverage sector’. In this latest report we focus on the environmental aspects ...
We are delighted to share the initial findings from our research into sustainability in the food and beverage industry and the potential implications this has for legal teams. Extinction Rebellion, the Net Zero report – no business can ignore ...
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The EFRA Select Committee’s report into regulation of the water sector was published on 9 October 2018. Its key conclusions & recommendations are outlined below. Water transfers Water transfers should play an important role in increasing s...
The Act of 15 December 2016 on Counteracting Unfair Use of Contractual Advantage in Trade of Agricultural and Food Products came into force and effect on 12 July 2017. The law confers additional powers on the President of the Office of Competition a...
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...
Bristol Rovers (1183) Ltd v Sainsburys Supermarkets Ltd [2016] EWCA Civ 160 Bristol Rovers football club failed to secure victory in their most recent match - the venue was the Court of Appeal rather than the Pirates home ground, the Memorial Sta...
The Netherlands Authority for Consumers and Markets (the “ACM”) has ruled that arrangments concerning a new form of sustainably reared chicken, known as the ‘Chicken of Tomorrow’, which lead to other forms of chicken being re...
Keynote speaker – Challenges in the Food & Drink Industry Annus horribilis; the year of the chicken On Tuesday 2 December, Eversheds hosted its annual Food and Drink conference, which opened with a keynote speech by the hugely ...
Before 2014 is consigned to history and 2015 presents a new set of employment law challenges, it is timely to reflect on the year?s significant cases. We have identified 12 cases which developed the law and potentially changed HR policies an...
The Police Intellectual Property Crime Unit (PIPCU) has arrested a man on suspicion of providing access to websites which have been subject to a legal blocking order. The man is accused of operating an ‘umbrella’ website that allows user...
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...
It has been reported that Unite has confirmed it will not appeal the recent EAT judgment in Bear, which held that compulsory overtime and allowances for travel time should be included when calculating holiday pay. Next steps? If there is no app...
The Smith Commission has today revealed that control of Employment Tribunals in Scotland is to be devolved to the Scottish Parliament. The move will mean Scotland will be able to decide the level at which fees are set for claims made in Scotla...
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: ...
Last month, the Employment Appeal Tribunal (EAT) handed down its decision in the combined appeals in Bear Scotland Ltd v Fulton and Baxter; Hertel (UK) Ltd v Wood and others; and Amec Group Ltd v Law and others. All three cases looked at the i...
The French Competition Authority (FCA) is entitled to give advisory opinions on any competition matter, in particular for the attention of the French Government and the Parliament. The FCA has been recently asked to give its opinion on coopera...
Starting 13 December 2014, businesses will be required to comply with the great majority of the rules set forth in the EU’s Food Information Regulation (1169/2011). The Regulation went into force on 12 December 2011 but provided for a long, 3-...
Poland is set to enact regulations clarifying the position of an increasingly important corporate officer—the data protection official Poland’s Personal Data Protection Act currently contains just one provision referring to data protecti...
“We want to ensure that these crimes don’t pay.” Michael Caplan QC, Sentencing Council Member In an era where price fixing and anti-competitive practices attract fines measured in billions, the disparity associated with sentencin...
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...
Précis: The Courts have adopted a new test to assess applications for relief from sanctions, which demonstrates a more reasonable approach than used recently. However, it remains important to ensure compliance. What? During litigation, ...
What is the Energy Saving Opportunities Scheme ("ESOS")? ESOS is the UK Government’s implementation of a particular requirement of the Energy Efficiency Directive regarding energy audits. It requires energy assessments (including the ide...