The Hague Evidence Convention: applicability in the Indian legal system | Amarchand Mangaldas

The Hague Convention on the Taking of Evidence Abroad in Civil or Commercial Matters (the Hague Convention) establishes methods of co-operation for the taking of evidence abroad in civil or commercial matters. The Hague Convention was concluded on 18 March 1970, and came into force on 7 October 1972. India ratified the Hague Convention on …

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High Court orders rescission of share purchase agreement for failure to communicate termination of customer contract | Edwards Wildman Palmer UK LLP

It is not often that a share sale of a business will be reversed so as to put the parties back to their pre-contractual position. However, when it can be shown that the buyer has been induced by a fraudulent misrepresentation on behalf of the seller, in some narrow circumstances, a court will uphold a …

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The bank levy: what is it? | Watson Farley & Williams

In the run-up to the 2011 Budget, and subsequently, there have been numerous references in the media to the bank levy (the Levy). But what is it, how has it arisen and is it really relevant to in-house counsel, other than those individuals who work within banks?

Security over infrastructure and utilities in Bulgaria | Wolf Theiss

Infrastructure development is, and will continue to be, a leading sector of the economy in Bulgaria and Eastern Europe over the next few years. As sponsors and banks conduct much greater due diligence, this article considers which remedies in the security package are effective in practice. This is of course a ‘hot’ issue in the …

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Rooftop solar PV: issues to consider | Burges Salmon

The government’s introduction of the Feed-In Tariff (FIT) for small-scale renewables in April 2010 has led to frenzied activity in the relatively new sector of solar photovoltaic (PV) energy. Since April 2010, many start-up companies have emerged, and there has been a rush to install solar panels to take advantage of tariffs available. However, it …

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The financial transaction tax | Eversheds Sutherland

On 28 September 2011, the European Commission published a draft directive proposing the introduction of a financial transaction tax (FTT) across all of the member states of the European Union. In essence, the FTT would operate to tax all transactions in ‘financial instruments’ to which a ‘financial institution’ is party, provided at least one party …

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The future is bright, the future is Tangerine | DLA Piper

For almost 40 years now, the Health and Safety at Work etc Act (HSWA) 1974 has been the bedrock of workplace health and safety law in the UK.

Changes to shortage occupation list | Magrath Sheldrick LLP

The shortage occupation list has been amended to remove some specialist jobs that are no longer considered to be under resourced within the resident labour market. The ‘shortage occupation’ is part of the Tier 2 immigration route under the points-based system. The government has recently accepted recommendations from the independent Migration Advisory Committee (MAC) that …

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Recent developments: EU law | Magrath Sheldrick LLP

When an EU citizen is issued with a registration certificate valid for five years, or a family member is issued with a residence card also valid for five years, they will not automatically have acquired a right of permanent residence under Article 16 Directive 2004/38/EC at the end of that period. In Secretary of State …

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Pledge of a banking deposit | Baker & McKenzie Habib Al Mulla

Under UAE law, the commercial pledge is a possessory pledge, which means that the possession of a pledged asset (but not its ownership) is transferred to a pledgee or to an agreed third party as security for the loan.