Security over infrastructure and utilities in Bulgaria | Wolf Theiss

Legal Briefing

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 …

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

Legal Briefing

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?

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

Legal Briefing

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 …

Libyan sanctions – an overview | Macfarlanes

Legal Briefing

Businesses and natural persons that trade with Libyan ‘designated persons’ in contravention of the recent targeted economic sanctions, could face prosecution and severe fines. This article focuses on how targeted sanctions have been imposed against Libya by the United Kingdom, United States, European Union and the United Nations, how they operate and what businesses, particularly …

Waste: moves towards a global resource | Burges Salmon

Legal Briefing

Legislative drivers and market demands have transformed waste management from a disposal at the lowest price operation to a sophisticated global resource (materials/energy) trading organisation. The transition from disposal to resource recovery and reuse is not without its difficulties, but while the market continues to develop, legislation will continue to drive and encourage the transition …

The FCPA and corruption in government procurement in the CEE | Wolf Theiss

Legal Briefing

The European public procurement market is enormous. Governments in the European Union (EU) and in non-EU member states in Europe will invest approximately €4trn in government contracts in 2011. This is also an intriguing market environment for investors outside of Europe, which, as of recently, include those from the United States particularly. Despite these opportunities, …