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...
25 January 2023
M&A STANDPOINT: Formal sale processes: A useful tool to solicit offers or a last resort?
FSPs were created to encourage a competitive and confidential sale process under the Takeover Code, but often they may signal that a company has run out of options. However, a number of companies have elected to launch FSPs in recent months, so when is an FSP is the right choice for a company?
24 January 2023
Global M&A Outlook 2023: Automotive Electric and digital revolutions still drive M&A
The automotive sector is currently experiencing two inflection points at the same time: an electric vehicle revolution, as the industry transitions from the internal combustion engine (ICE) to zero emission vehicles (ZEV) including battery electric vehicles (BEV) as part of the wider...
24 January 2023
Global M&A Outlook 2023: Consumer 2022 was a challenging year compared to 2021
M&A in the consumer sector slowed throughout 2022 as compared to the buoyant trends in 2021. Macro-economic issues and global headwinds have meant a tougher environment for consumers, particularly with record-breaking inflation adding to the cost of living and turning the screws on household...
23 January 2023
How hard is it? The Takeover’s Panel consults on guidance for exclusivity granted at the non-binding bid stage
Following two Takeovers Panel decisions that found pre-deal exclusivity and other deal protection arrangements to be unacceptable, the Takeovers Panel has now commenced consultation on proposed new guidance on deal protection granted in respect of non-binding proposals. Most importantly, the...
19 January 2023
Register of overseas entities - the countdown is on
The countdown for overseas owners of property in the UK to comply with the tightened register regime following the government's clampdown on economic crime is nearing its conclusion, with less than two weeks to go until the deadline for the submission of applications to Companies House (31 January...
16 January 2023
Corporate Governance snapshot: Preparing your annual report and AGM notice in 2023
This snapshot summarises the key developments and issues arising over the last 12 months which impact the 2022 annual report and the AGM in 2023. For further information or to obtain a copy of our briefing on preparing your annual report and AGM notice in 2023, please email one of the Corporate...