November 2011

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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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.

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?

Management time claims | Brodies

Business being what it is today, it always carries the risk of contracts not being fulfilled. As a result, directors and key staff are often drawn into managing and remedying issues arising out of contractual breaches or delictual situations. Given that this can result in key personnel being distracted from their strategic and, ultimately, business …

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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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International co-ordinating counsel in product liability cases: is it really necessary? | Shook, Hardy & Bacon

Companies with international markets can find themselves defending product liability claims in any of the countries in which their products are sold. As sales expand into emerging markets, major brands are finding that they are increasingly vulnerable to liability exposure in obscure jurisdictions, particularly where there may be lax regulation or supply chain issues.