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13 December 2018
Are you ready for the new lease standards under IFRS 16?
CHANGES IN A NUTSHELL From 1 January 2019, a new IFRS 16 standard, which was published by the International Accounting Standards Board in January 2016, comes into force. It will profoundly change the accounting treatment of leases by requiring companies to bring most leases on-balance sheet. The...
12 February 2018
Syndicated facilities institute obtains legislative acknowledgement in Russia
On 31 December 2017 the President of the Russian Federation signed one of the laws which has been most discussed by the Russian banking and legal communities – Federal Law No. 486-FZ "On a syndicated facility (loan) and amendments to certain legislative acts of the Russian Federation" (the " Law...
06 October 2017
Reform of French Securitisation Law and Creation of Specialised Financing Vehicles
The reform of the French securitisation legislation announced by the Government throughout the implementation of 'Sapin 2 Law' has been published on 5 October 2017. This reform is coupled with the introduction into French law of specialized financing vehicles and a new reform of the banking...
07 February 2017
ABN or ACN? Onesteel decision establishes an exact match system for PPSA identification of grantors
On 31 January 2017, Brereton J of the Supreme Court of New South Wales in In the matter of OneSteel Manufacturing Pty Limited (administrators appointed) [2017] NSWSC 21 declared that the interests of Alleasing Pty Limited as lessor of a certain crusher and spare parts had vested in OneSteel...
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27 June 2023
ILS 6th Annual Conference on Energy Arbitration & Dispute Resolution in MEA, hosted by International Law Summits & Herbert Smith Freehills LLP
ILS’s 6th Annual Conference on Energy Arbitration and Dispute Resolution in the Middle East and Africa will take place on 27th and 28th June 2023. The event is organised in association with Herbert Smith Freehills and will take place in person at our London office, and will examine the economic,...
01 June 2023
UPC: Mediation and Arbitration
The Patent Mediation and Arbitration Centre (PMAC) forms part of the Unified Patent Court (UPC). Its rules of operation are available here . It operates independently, but carries out its tasks in close contact and cooperation with the committees/bodies of the UPC which will have to take decisions...
01 June 2023
UPC Costs
The value of a case before the UPC will be determinative of court fees and the applicable ceilings for recoverable costs. The UPC Administrative Committee has published guidance on the determination of the value of a case before the UPC , alongside guidance on the scale of ceilings for recoverable...
01 June 2023
How to get a Unitary Patent
Also termed the European patent with unitary effect, the unitary patent (UP) is a single patent right covering all the states that have taken part in the enhanced cooperation procedure to create the right and fully ratified the UPC Agreement (UPCA). UPs are available now the UPC is operational to...
01 June 2023
UPC: Jurisdiction and opt-out
After the transitional period (of at least 7 years), as well as having exclusive jurisdiction over unitary patents, the UPC will have exclusive jurisdiction over all EPs designated to UPC participating EU Member States (unless these EPs have been opted out of its jurisdiction). The UPC will also...
01 June 2023
The UPC Rules
The final version of the Rules of Procedure of the Unified Patent Court (also available in French and German ) came into force on 1 September 2022. One of the most significant changes from earlier drafts was to opt-out procedures, as well as changes to restrict access to pleadings where previous...
01 June 2023
UPC Structure – local, regional and central divisions and Court of Appeal
The UPC will have a Court of First Instance (divided into local, regional and central divisions) and a Court of Appeal (Luxembourg). Cases will commence in any one of these divisions according to the subject matter and the prescribed division set out in the UPC Agreement and the UPC Rules .