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15 December 2021
Russia ESG update
Although the production of fossil fuels has played a significant role in the Russian energy sector, Russia does not stand aside from global trends in the area of energy transition, development of renewable energy sources and GHG emissions reductions. As a result, environmental-social-governance (...
09 December 2021
Abolishing digital taxes one part of the OECD's global tax reform
The OECD announced in October 2021 final agreement, by 136 of the 140 base erosion and profit shifting (BEPS) Inclusive Framework countries (including the UK, US and China), of a landmark global tax reform package, aimed at addressing the tax challenges arising from the digitalisation of the...
24 November 2021
Global Bank Review: Triodos Spanish chief on ESG and remaking banking for the 2020s
Continuing our series of insights from senior industry figures, the Global Bank Review speaks with Mikel Garcia-Prieto Arrabal, Director General of sustainability pioneer Triodos Bank España. Mikel shares his views on how climate change and rising social obligations are impacting banks and how...
10 March 2021
Herbert Smith Freehills confirms appointment of Rebecca Maslen-Stannage as new Chair and Senior Partner
Global law firm Herbert Smith Freehills today announced the appointment of Rebecca Maslen-Stannage as Senior Partner and Chair of the Global LLP Council. She succeeds James Palmer, who steps down after more than six years in the role on 30 April 2021 and returns to full-time practice and client...
10 December 2020
Getting the deal through: Private Equity 2020 (Russia Chapter)
Market conditions in Russia had been improving in 2018 and 2019, with commentators reporting an overall increase in the number of private equity deals, and this trend had been expected to continue in 2020. However, in line with other major economies, the Russian economy sharply contracted in the...
04 December 2020
The Pharmaceutical Intellectual Property and Competition Law Review: Russia Chapter
Generally, the Russian pharmaceutical market and respective legislation continue to develop. Both international and local pharmaceutical companies are already established in Russia and have launched various projects related to the production of new drugs and vaccines. Some recent trends have...
02 November 2020
The Healthcare Law Review - 4th Edition: Russia Chapter
Russia’s current healthcare market is characterised, on the one hand, by the dominant role of public healthcare providers operating under the state-run healthcare system (the public healthcare system) and providing free-of-charge medical help and, on the other hand, by the gradual development of...
09 September 2020
THE REAL ESTATE M&A AND PRIVATE EQUITY REVIEW - THE 5TH EDITION: RUSSIA CHAPTER
In the boom years, Russia was one of Europe's largest property markets, with investment volumes of US$8 billion–US$10 billion annually; the figure briefly decreased during the 2008–2009 financial crisis. However, a downward trend on the property market began in 2014 in sync with the political...
09 September 2020
Launch of first Guide to Dispute Resolution and Governing Law in Russia
Recent changes to Russian law have caused a degree of uncertainty amongst clients as to what they can and cannot do when transacting with Russian parties or in transactions involving Russian entities. This is particularly true surrounding the dispute resolution and governing law clauses that they...
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20 May 2022
Issues in Contentious Insolvency Webinar Series
Liquidators are appointed whenever a company is wound up. Banks and other financial institutions often need to deal with liquidators. These interactions can range from (and can turn from) run-of-the-mill document/information requests, to something more contentious, high-profile and high-stake:...
19 May 2022
Do companies have a moral duty to self report to the SFO?
Although Amec Foster Wheeler’s corporate bribery settlement has not introduced any legal obligation to self-report wrongdoing to the Serious Fraud Office, the judgment does encourage companies to seriously consider their moral and ethical duties when deciding whether to do so, argue Herbert Smith...
18 May 2022
Australian Federal Election Workplace and Industrial Relations Survey: Back to the future?
In the lead up to the 2022 Australian Federal Election, our national team ran a series of feedback sessions and surveyed our national clients. The results of our 2022 Federal Election Workplace and Industrial Relations Survey are in.
12 May 2022
Half way to COP27: Are governments delivering on their climate promises?
We are excited to launch our latest report, Halfway to COP27 – a review of governments' ambitions and promises in respect of climate change, six months after the 2021 United Nations Climate Change Conference, commonly referred to as COP26, brought together 120 world leaders to discuss the issue.