Procopé & Hornborg advised Ensto Oy on its acquisition of the majority of shares in Arcteq Relays Oy. Arcteq Relays designs, manufactures and sells protection relays, arc flash protection systems and measuring and monitoring equipment for electrical utility. Arcteq’s products are crucial in controlling reliability of electricity networks. In 2020 the company had a turnover […]Read More
Blenheim is proud to announce the appointment of Teun Blom, Rachelle Mourits, and Martyn Schellekens as partners as of 1 January 2022. All three lawyers have been with Blenheim for some time and have successfully grown into the role of managing associate over the past two years. They are now ready to take the next […]Read More
Fort Collins, Colorado, USA (16 December 2021) – Lawyers Associated Worldwide (LAW) has appointed Clive Hendricks of Marais Müller Hendricks Incorporated, located in Cape Town, South Africa, to the position of Regional Representative in the Europe, Africa, and Middle East (EAME) Region to fill a vacancy created by Jennifer Young’s election to Secretary of the […]Read More
GHR Rechtsanwälte represented CEMEX, S.A.B. de C.V. (NYSE: CX) in the repayment of its loans under its 2017 facilities agreement and in connection with CEMEX’s new U.S.$3.25 billion syndicated unsecured credit agreement with an ESG component. The transaction closed November 8, 2021. The new credit agreement consists of a U.S.$1.5 billion, five-year amortizing term loan […]Read More
LAWYERS ASSOCIATED WORLDWIDE RE-ELECTS TREASURER & ELECTS SECRETARY International Legal Network Elects Officers Fort Collins, Colorado, USA (10 November 2021) – Lawyers Associated Worldwide (LAW) re-elected Danish lawyer Anders Stoltenberg to a second two-year term as treasurer and Scottish lawyer Jennifer Young to her first two-year term as secretary of the Executive Committee for the international […]Read More
PRESS RELEASE Hamburg, 03. November 2021 Carlyle acquires majority stake in CSS AG The international investment company Carlyle acquires a majority stake in the German company CSS. ESCHE advised the majority shareholder Michael Friemel on the sale of the shares. CSS AG is a leading German provider of business software with a focus on accounting, […]Read More
The commercial team at Eakin McCaffery Cox has recently completed the successful sale for a client of their shareholding in a Sentry Medical Pty Ltd, a major supplier in the medical consumables industry to the publically listed EBOS Group Ltd. The sale was of multi-million dollar value with earn-outs to follow. Fuller detail of the […]Read More
PRESS RELEASE Hamburg,21. Oktober 2021 ESCHE advises The Social Chain AG on acquisition of DS Group THE SOCIAL CHAIN AG acquires all shares in DS Holding GmbH via a subsidiary. ESCHE advises THE SOCIAL CHAIN AG on the acquisition. Esche Schümann Commichau advises THE SOCIAL CHAIN AG on the acquisition of all shares in DS […]Read More
The return of RMDs: COVID-19-related suspension of RMDs is a thing of the past. The temporary reprieve is over. Due to the COVID-19 pandemic, Congress suspended the rules for required minimum distributions (RMDs) in 2020, including inherited accounts. But the rules have been restored for the 2021 tax year. Essentially, participants in qualified plans and […]Read More
DER Touristik Group, a member of German REWE Group’s tourism division, has formed a joint venture with DSR Holding, a subsidiary of Deutsche Seereederei Group. The two companies each hold a 50% stake in DR Hospitality GmbH & Co. KG which was established for the purpose of the transaction. The closing of the transaction is […]Read More
Procopé & Hornborg acted as the Legal Advisor to Etteplan Oyj in its acquisition of Adina Solutions Oy which is a company specialized in technical documentation of software. The company’s three main areas of business are designing and creating user guides, consulting their clients in their technical communication questions, and providing trainings. The customer base […]Read More
Recent Study Shows Potential Benefits of Treating Depression with Psilocybin By Jeff Zuber – August 2, 2021 A recent study from Yale University researchers sheds new light on the potential of the psychedelic drug psilocybin when it comes to treating depression. This new information comes to light as some places have begun decriminalizing or legalizing […]Read More
June 9, 2021 Press Release For the second year in a row, GESSEL named Legal Advisor of the Year in the PSIK Awards 2021! Our firm welcomes this success and thanks the market community for its appreciation. This is a great honour for us, and a very important award. Especially seeing as we are being […]Read More
EEOC Update on Workplace Practices Related to COVID-19 Vaccinations Gray Reed Legal Alert The EEOC recently updated its guidance related to the intersection of employment discrimination laws and COVID-19 vaccinations. In addition to further defining the scope of lawful vaccination incentives, the update clarifies that, subject to certain caveats, employers can: (1) mandate COVID-19 vaccines for employees and […]Read More
TEDA Becomes the New Highlight for Foreign Private Fund Investment In the context of global recession, China has maintained its growing economy, stable interest rates and high return in capital market. Investing in China has become an international consensus. Tianjin Economic-Technological Development Area (“TEDA”) was founded in 1984 and is one of the first national level […]Read More
As the COVID-19 vaccination becomes more widely available to Canadians, can it be made mandatory? Both the federal and provincial governments have so far maintained the message that they will not make the vaccine mandatory for the general public. But what are the rights of employers and employees with respect to mandating policies in the […]Read More
LAWYERS ASSOCIATED WORLDWIDE ELECTION OF REGIONAL REPRESENTATIVES International Legal Network Elects Regional Representatives Denver, Colorado, USA (7 May 2021) – Lawyers Associated Worldwide (LAW) just wrapped up its Regional Meetings in the Americas, Asia Pacific, and Europe, Africa & Middle East regions last week. Elections were held for Regional Representative positions on the Executive Committee […]Read More
Marc Grüninger again recognized as Lawyer of the Year for Energy Law by Who’s Who Legal WWL 2021 For the second year in a row, GHR Rechtsanwälte partner Marc Grüninger has been recognized by Who’s Who Legal WWL as Switzerland’s Lawyer of the Year for Energy Law. In addition, he is ranked by WWL as […]Read More
Alejandro has over 30 years of experience in corporate matters and mergers and acquisitions. His incorporation is part of the firm’s ongoing commitment to further promote and consolidate the area at the international level. Ceca Magán has made its first major signing of 2021 with the incorporation of Alejandro Alonso Dregi as a new partner […]Read More
Introduction As explained in previous GHR TaxPages, the COVID-19 pandemic has led to various tax issues. What impact does the home office obligation have on professional costs (such as travel costs or the deduction for a study)? And what about the replacement for food when you have to eat at home? Deduction of professional expenses in general […]Read More
Initial Position Since the beginning of 2013, the national grid company Swissgrid AG (“Swissgrid”) has gradually acquired ownership of the entire transmission grid in Switzerland from the previous owners. This transfer of ownership was necessary in order to implement the requirements of the Electricity Supply Act and is considered one of the largest and most […]Read More
26 March 2021 Biriş Goran successfully represented its long-standing client, Zeus International, in the acquisition of three hotels portfolio in Bucharest, Romania. The three properties are the Venezia, Opera and Central hotels, located around the Cișmigiu Gardens near the historic city center, in the heart of the cultural and commercial area. Biriş Goran’s team was […]Read More
GESSEL presents you its fourth transaction yearbook, summarising the work of the firm’s M&A practice in 2020. To state the obvious, developments in corporate M&A over the past year were overshadowed, like all other realms of life, by the Covid -19 pandemic. It would be difficult to overstate the initial shock wrought by the coronavirus […]Read More
On 2 October 2020, the second Letter of Amendment was sent to the House of Representatives on the draft amendment of the Telecommunications Act in connection with the provision of information to the RIVM. The concept looks at the importance of the rivm’s task in the fight against epidemics. The proposal to amend the Telecommunications […]Read More
As 2021 gets underway, GESSEL is proud to announce the implementation of personnel changes at our firm. Three of our experienced colleagues have now become partners. Michał Bochowicz, advocate, specialises in M&A, private equity and venture capital transactions in the tech, media and telecoms (TMT) and renewable energy sectors, and also in day-to-day business law […]Read More
GHR advised CEMEX in U.S.$1.75 billion Offering of its 3.875% Senior Secured Notes due 2031 On January 7, 2021, CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, announced the pricing of U.S.$1.75 billion of its 3.875% Senior Secured Notes due 2031 denominated in U.S. Dollars. The Notes bear interest semi-annually at an […]Read More
Klinedinst PC announces the largest leadership change in the firm’s 37-year history. Heather L. Rosing takes over as CEO and President from firm founder John D. Klinedinst, who will serve as Chair Emeritus. Shareholders Arthur S. Moreau, III and Susan S. Nahama have also been elevated to Chief Financial Officer and Chief Operating Officer, respectively. SAN […]Read More
In response to the COVID-19 pandemic, in March 2020, New York State enacted a law providing sick leave and job-related protections for employees subject to a mandatory or precautionary order of quarantine or isolation due to COVID-19. The law specified the amount of sick time an employee could receive depending on their employer’s size and […]Read More
For many of us with relatives in care homes, the past few months have brought several highs and lows as lockdown continues. As an accredited solicitor for the elderly (SFE), and with relatives in care, the impact of the events of 2020 on older people and in particular the ability of care homes to deal […]Read More
Philippine M&As in the Time of Covid By Nilo T. Divina, Managing Partner, Danny E. Bunyi, Senior Partner, Ciselie Marie T. Gamo-Sisayan, Senior Associate Amid the coronavirus pandemic, the Philippines encourage mergers and acquisitions (M&As) by easing government regulations, particularly the notification requirement to the Philippine Competition Commission (PCC) to determine whether said transactions pose […]Read More
On 18 November 2020, the Swiss Federal Council adopted the revised implementing provisions for the Tel-ecommunications Act (TCA). The revision was carried out on the basis of the partial revision of the TCA, which was adopted by Parliament on 22 March 2019. Click here to read the full article. Click here to learn more about […]Read More
What does Governor Inslee’s “Healthy Washington—Roadmap to Recovery” mean for employers? By Krista Nelson Slosburg | Related Practice: Employment On January 5, 2021, Governor Inslee announced a new phased COVID-19 recovery plan for Washington state. The plan is effective January 11. The new plan divides the state into eight regions, includes new criteria for Phases […]Read More
Telemedicine Gains Acceptance Under FMLA By Chris S. Thrutchley and Ashlyn M. Smith On December 29, 2020, the U.S. Department of Labor (“DOL”) released guidance recognizing the increasingly important role of telemedicine in establishing a serious health condition under the Family and Medical Leave Act (“FMLA”). The FMLA provides eligible employees of covered employers up to […]Read More
Yes, You Can Require Your Employees to Get Vaccinated . . . and Other Answers About COVID-19 Vaccinations and the Workplace By Amy Kangas Alexander and Aviva Kamm | Related Practice: Employment With two safe and effective vaccines approved by the FDA for emergency use, the United States has begun a historic vaccination campaign. This may signal the beginning of […]Read More
By: John C. Goheen, Frederick N. Widen and Adam R. Watowicz December 22, 2020 – Congress gave recipients of loans under the Paycheck Protection Program (PPP) a holiday present when it confirmed the deductibility of expenses paid with proceeds of a PPP loan that is forgiven. This confirmation is part of the massive Consolidated Appropriations Act, 2021 (the “Act”) that […]Read More
Malaysia reported a record high of 2,188 new Covid-19 cases on 24 November 2020, bringing the total number of cases in the country to a whopping 58,847. As Malaysians observe the constant escalating number of Covid-19 cases, the likelihood of employees being exposed to Covid-19 virus will also increase. Employers will need to spend a […]Read More
Between 17 and 19 November 2020, regulatory acts were adopted governing new support measures for employees and employers in the context of the epidemiological situation caused by the spread of the SARS-CoV-2 coronavirus: I. Government Emergency Ordinance No. 132/2020 on support measures for employees and employers in the context of the epidemiological situation caused by […]Read More
GHR Rechtsanwälte AG advised CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, as to Swiss law on the amendment process under its July 2017 Facilities Agreement with several financial institutions which successfully closed in October 2020. As part of this amendment process, CEMEX extended approximately US$1.1 billion of term loan maturities by […]Read More
The corona crisis is all but over right now. Companies are still struggling to fulfil certain contractual obligations. A previously written article has already referred to an appeal of force majeure due to the corona crisis. If a force majeure appeal fails, an appeal for unforeseen circumstances may offer a way out. That is why I will […]Read More
LAWYERS ASSOCIATED WORLDWIDE RE-ELECTS CHAIR & VICE-CHAIR International Legal Network Elects Officers and Regional Representatives Denver, Colorado, USA (5 November 2020) – Lawyers Associated Worldwide (LAW) re-elected Swiss lawyer Marc Grüninger, M.C.J. as chair of the Executive Committee and Australian lawyer Leon Loganathan as vice chair to second two-year terms for the international legal network. […]Read More
2020 has been a challenging year for many Australians which has seen the Government forced to intervene to provide economic support and legislative provisions in an attempt to provide ongoing assistance to many Australians and businesses. The 2020 Federal budget sees the Government continuing to provide additional support and has committed an additional $25 billion […]Read More
In consideration of the continuous Covid-19 outbreak but with the need to recover the national economy, the Minister of Law and Human Rights (the “Minister”) enacted the Minister Regulation No. 26 of 2020 dated October 1, 2020 on Visas and Stay Permits During New Habits Adaptation or as commonly referred to as the “New Normal” […]Read More
On June 13, 2020, Governor Polis issued an executive order temporarily curtailing eviction proceedings to provide relief to Coloradans affected by COVID-19. Since then, the Governor has issued a series of extensions and added requirements on how evictions may proceed. The current state of the law requires a 30-day notice period as well as compliance […]Read More
In August the B.C. government implemented changes to the Workers Compensation Act through Bill 23, which received Royal Assent on August 14, 2020. Several notable changes were introduced; one of these changes widened the “Occupational Disease” framework to capture COVID-19 infection in certain circumstances. Click here to read the full article. Click here to learn more […]Read More
Attorney Robin J. Stinson is now a certified arbitrator through the American Academy of Matrimonial Lawyers (AAML). While Robin has previously served as an arbitrator in NC family law cases, this AAML certification represents another level of distinction. She is one of only 15 AAML-certified arbitrators in the state of North Carolina. Robin pursued AAML arbitration certification […]Read More
Malaysia had made numerous features in international media this year, with high praise for making great strides in managing the Covid-19 outbreak. The government had acted swiftly to put the spread of Covid-19 under control, by putting in place not only movement restrictions but also multiple economic initiatives to ensure as minimal impact as possible […]Read More
GHR Rechtsanwälte represented CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, in a U.S.$1. billion aggregate principal amount offering of Senior Secured Notes. The Notes are denominated in U.S. Dollars and bear interest semi-annually at an annual rate of 5.200%. They mature on September 17, 2030. BNP Paribas Securities Corp., BofA Securities, […]Read More
Employers who had to furlough employees due to COVID-19 must apply now for help lowering their 2021 unemployment tax rates. Legislation from this past spring created a $25 million account to help relieve tax burdens for employers affected by COVID-19. Employers must apply to have this account offset benefit charges to avoid those benefits charges […]Read More
