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27 March 2020
COVID-19: PRESSURE POINTS: WITHHOLDING TAX – UNEXPECTED LINKS, UNUSUAL MECHANISMS (RUSSIA)
On 25 March 2020 president Putin in his television speech addressing Russian citizens 1 announced a set of support measures to be provided to the poorest citizens and small and medium businesses in the context of the spread of COVID-19. At the same time, in addition to these measures, the President...
26 March 2020
COVID-19: PRESSURE POINTS: CIVIL LAW QUALIFICATION AND CONSEQUENCES FOR CONTRACTUAL RELATIONS UNDER RUSSIAN LAW
Notwithstanding its detrimental impact on both the public health and the global economy, the increasingly global prevalence of the novel coronavirus (which causes the disease known as “COVID-19”) has less obvious and straightforward legal consequences for market participants.
25 March 2020
The Real Estate Law Review - 9th Edition: Russia Chapter
Under Russian law there are two main legal interests in real property: a) ownership: full title allowing possession, use and disposal of the property, including leasing it out to tenants. It is in some respects similar to freehold, although Russian law recognises separate ownership of land and of...
25 March 2020
COVID-19: PRESSURE POINTS: DOES COVID-19 IMPACT THE TIMING OF YOUR CONTRACTUAL OBLIGATIONS? (GLOBAL)
Finance documents typically use the concept of “Business Days” to count how much time a party has to fulfil certain obligations, including payment and notification obligations. In light of recent approaches by various governments in response to the coronavirus (COVID-19) outbreak, this briefing...
25 March 2020
COVID-19: PRESSURE POINTS: WILL THIS BE A VALID BASIS FOR AVOIDING CONTRACTUAL OBLIGATIONS? (Global)
With the continuing rise in the number of cases of COVID-19 worldwide declared to be a pandemic by WHO, in addition to obvious implications of the outbreak for individuals, businesses are likely to be exposed to a heightened risk of legal implications arising across their supply chain.
17 March 2020
COVID-19: Governance: Will your technology survive the outbreak? (Global)
The effects of the COVID-19 pandemic across the globe continue to evolve on a daily basis. While this pandemic is first a public health and humanitarian crisis, the impacts of COVID-19 on global and national economies, businesses, supply chains, and the everyday lives of the world’s population are...
11 March 2020
The Inward Investment and International Taxation Review - 10th Edition: Russia Chapter
In the past few years, the Russian government has taken various measures to reduce adverse consequences of sanctions introduced by the United States, EU and certain other countries and to encourage foreigners to invest in Russia. The measures included major reform of corporate law, simplification...
28 February 2020
Inside Arbitration: Crimean investment treaty arbitration claims: Recent developments
Over five years have passed since the upheavals in Crimea. Tensions between Ukraine and Russia continue to run high. Since 2014, a number of investment arbitration claims have been filed, first against Russia, then against Ukraine. Over this period, the landscape around what some have termed the “...
22 January 2020
Moscow Corporate Crime and Investigations Newsletter - January 2020
This newsletter summarises recent developments in Russian regulations, enforcement and court practice which may be relevant for doing business in Russia, from a corporate crime and investigations perspective. Additionally, this newsletter identifies some developments in the US and other relevant...
13 January 2020
Getting the deal through: Joint Ventures 2020
In increasingly complex and connected global markets, joint ventures offer access to business and investment opportunities that may be less available to parties acting alone. New market entry, growing customer bases, sharing of capital expenditure or other costs, originating funding or investment,...
04 December 2019
Online harmful content: the race to regulate
The decentralised, global internet has democratised many facets of everyday life, and consequently has allowed everyday citizens, extremists and everyone in between to share their views. The consequential proliferation of online harmful content meant some form of regulation was inevitable. However...
04 December 2019
Tech Regulation Series: The End of Permissionless Innovation?
The tech regulatory landscape is changing rapidly. It is complex and fragmented, both globally and by subject matter, making it difficult for technology providers to navigate. Almost weekly there are new headlines warning of risks and perils of ‘big tech’ and misuse of data. Now, more than ever, it...
02 December 2019
THE ANTI-BRIBERY AND ANTI-CORRUPTION REVIEW - THE 8TH EDITION: RUSSIA CHAPTER
The article highlights recent trends and summarises key developments of the anti-bribery and anti-corruption landscape in Russia. As a member of leading international organisations and conventions on countering corruption Russia makes efforts to implement international best practice. The country is...
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07 September 2020
London International Disputes Week 2020
We are pleased to announce that London International Disputes Week (LIDW) is returning for a second year in September 2020. Herbert Smith Freehills is proud to be associated with this key event, which celebrates London as a global centre for dispute resolution. 7 – 11 September 2020 For more...
27 April 2020
COVID-19: Pressure Points: Contractual Implications and Considerations under New York law (United States)
As the COVID-19 outbreak keeps impacting contractual performance, an increasing number of counterparties are seeking ways to avoid contractual liability for non-performance. Parties with contracts governed by New York law should consider a number of issues before attempting to excuse performance...
02 April 2020
Alumni End of Summer Soirée, Sydney
Herbert Smith Freehills invites our Alumni back home this year, for a reunion to experience an End of Summer Soir ée. Join us for a colourful affair where guests can relax, and catch up with old friends. You'll enjoy a feast of summer delights with a Gelato Messina pop-up, sample Prosecco and...
01 April 2020
COVID-19: Pressure Points: Real Estate landlord tenants update (Australia)
The shockwaves from the outbreak of COVID-19 are being felt right across the Australian economy – and commercial real estate is no different. Tenants and landlords are facing the prospect of a prolonged reduction in business activity, remote working and even total shutdown – none of which were...
01 April 2020
COVID-19: Pressure Points: The CNMC launches a whistleblowing/ enquiries tool for competition law matters related to the COVID-19 outbreak (Madrid)
The CNMC bolsters its online whistleblowing hotline to pursue anticompetitive conduct in any sector, although with a special interest in the medical equipment, funeral and cremation services sectors. An enquiries platform is also launched so that operators can make competition law enquiries to the...
01 April 2020
COVID-19: Pressure Points: State of health emergency: what are the impacts on credit agreements? (France)
A review of the questions raised by Ordinance No. 2020-306 of 25 March 2020, relating to the prorogation of elapsed period during the health emergency period and the adaptation of procedures during the same period, published in the Journal Officiel of 26 March 2020 (hereinafter the “Ordinance”)
01 April 2020
COVID-19: People: Data comes to the fore as outbreak continues (UK)
The COVID-19 outbreak is proving an interesting time to be a data protection practitioner. There seems to be a new article each day about the next exciting app which promises to use data to help manage the crisis. This post focuses on two particular propositions that pose interesting data...
01 April 2020
COVID-19: PRESSURE POINTS: Additional modifications to the rules governing foreign investments in Spain as a result of the crisis caused by the COVID-19 outbreak (Spain)
In a previous newsletter (see here ) we analysed the new rules for screening foreign direct investments in Spain established by Royal Decree-law 8/2020, of 17 March, on extraordinary measures to tackle the economic and social impact of COVID-19 (“ RDL 8/2020 ”).
01 April 2020
Navigating COVID-19 Podcast Series
The COVID-19 pandemic is creating significant health, social and economic challenges world-wide, forcing governments and businesses to critically assess the impact to their people, operations and governance. We understand that navigating the pace of change, whilst also dealing with immediate issues...
31 March 2020
COVID-19: Initial responses of certain African countries (Africa)
The COVID-19 pandemic has begun to creep across Africa over the past month and is now rapidly gaining speed in some countries. There has been concern that numerous African jurisdictions with their semi-porous borders will, much like European countries, not be capable of slowing the velocity with...
31 March 2020
COVID-19: People: Update for employers (Europe)
This briefing note provides our clients with a practical guide to some of the immediate key issues facing employers across Europe in the context of the current health crisis and details of the financial and support measures available. Our teams are monitoring the legal developments and will be...
