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Taylor Wessing | United Kingdom | 2 Dec 2022

English court approves scheme despite creditors being subject to Russian sanctions

🕑 1 minute Nostrum Oil & Gas is the English parent company of a group which operates an oil and gas business in Kazakhstan. The recent High Court decision in Re Nostrum Oil & Gas plc considers a scheme of arrangement where creditors are the target of Russian sanctions. This judgment provides helpful guidance for those seeking to restructure companies where creditors are subject to sanction.
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Baker McKenzie | USA | 2 Dec 2022

Medtronic II: Tax Court opts for unspecified method to resolve dispute

🕑 11 minutes In Medtronic II, on remand from the Eighth Circuit, the Tax Court rejected both parties' transfer pricing methods: the comparable uncontrolled transaction (CUT) and the comparable profits method. Instead, the Court turned to the unspecified method to reach its decision and provided a new path for future tax disputes, as well as further insight into what makes a reliable CUT....
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Eversheds Sutherland (International) LLP | European Union | 2 Dec 2022

EDPB and EDPS publish joint opinion on proposed European Health Data Space Regulation

🕑 1 minute The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) have issued a joint opinion on the European Commission's proposal for a European Health Data Space Regulation. While the proposal aims to enable individuals to have greater control over their health data, the EDPB and EDPS have expressed concern that it may weaken protection of the right......
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Wiggin LLP | South Korea, United Kingdom | 2 Dec 2022

Government finalises United Kingdom's first independent adequacy decision with Republic of Korea

🕑 1 minute The government says that legislation for its first independent adequacy decision will be finalised before the end of 2022. It will mean, the government says, that UK organisations will be able to share personal data securely with the Republic of Korea. Once in force, the Data Protection (Adequacy) (Republic of Korea) Regulations 2022 are estimated to cut administrative and......
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Pestalozzi Attorneys at Law | Switzerland | 2 Dec 2022

Newly introduced use of social security numbers for land register searches

🕑 5 minutes In Switzerland, there is no central land register, which can make land register searches for property owners or beneficiaries of certain rights time-consuming. However, from 1 January 2023, authorised authorities such as tax, debt enforcement, social welfare and Lex Koller authorities will be able to search for properties that are linked to a person on the basis of their social......
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Shay & Partners | Taiwan | 2 Dec 2022

What's new in 5G?

🕑 5 minutes Since the first commercial launch of 5G services in 2020 in Taiwan, 5G has presented new challenges for mobile broadband operators. This article provides updates on the actions of the National Communications Commission and the Ministry of Digital Affairs, as well as on congressional efforts, for Taiwan to achieve a leading position in the developing 5G market.
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Wiggin LLP | United Kingdom | 2 Dec 2022

CAP publishes advice note on social media ads relating to FIFA's Men's World Cup 2022

🕑 2 minutes The Committee of Advertising Practice (CAP) has reminded advertisers that its new rules on the appeal of gambling ads to under-18s came into effect in October 2022, further limiting the kinds of content acceptable in football-related gambling ads. Gambling operators talking about the World Cup in social media must comply with the standards set out in the CAP Code. CAP recommends......
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Hunton Andrews Kurth LLP | USA | 2 Dec 2022

How chapter 11 ruling ends war between national and local rates

🕑 4 minutes The US Bankruptcy Court for the Eastern District of Virginia recently approved the professional fee applications in the Nordic Aviation Capital bankruptcy cases, including the rates of each of the professionals as appropriate market rates. This settles any remaining uncertainty in how professionals' hourly rates will be considered for approval in bankruptcy courts in the......
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Cecil Abraham & Partners | Malaysia | 1 Dec 2022

Does CIPAA apply retrospectively or prospectively to "exhausted" adjudication decisions?

🕑 8 minutes This article examines the law concerning the application of various decisions of the Federal Court of Malaysia regarding adjudication proceedings which have been exhausted, specifically in situations where the construction contract was entered into before the Construction Industry Payment and Adjudication Act 2012 (CIPAA) came into force. The case discussed in this article......
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Norton Rose Fulbright | Global | 1 Dec 2022

ESG disputes in international arbitration

🕑 6 minutes As the importance of environmental, social and governance (ESG) in corporate policies and investment decisions increases, so too will the number of disputes arising from ESG-related issues. While courts have been the forum for most ESG disputes to date, with the rise in ESG-related contract clauses and the inclusion of ESG provisions in international investment treaties,......
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