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Commentary

ELIG Gurkaynak Attorneys-at-Law | Turkey | 29 Jul 2021

Competition authority upholds interim measures against Facebook data sharing

In January 2021 the Turkish Competition Board decided to impose an interim measure against WhatsApp as part of an investigation into whether Facebook Inc, Facebook Ireland Ltd, WhatsApp Inc and WhatsApp LLC had violated Law 4054 on the Protection of Competition. The board recently published a decision concerning Facebook and WhatsApp's request for the reassessment of the interim measure decision.
Commentary

Ogier | Guernsey | 29 Jul 2021

Economic substance extended to certain partnerships

In a further amendment to the economic substance regulations, the Income Tax (Substance Requirements) Implementation Regulations 2021 recently came in to force. The main amendment to the economic substance regime is that the regulations will apply to certain newly formed Guernsey partnerships as of 1 July 2021 and many other Guernsey partnerships that existed on 30 June 2021 from 1 January......
Commentary

Norton Rose Fulbright | Global | 29 Jul 2021

Renewable energy project disputes: navigating the dark side of the energy transition

The substantial growth forecast for renewable energy capacity and renewable energy projects carries with it a significant risk of related disputes arising. This article explores the features of renewable energy projects, the types of disputes that may arise throughout a renewable energy project life cycle and the role of arbitration in resolving such disputes, particularly where projects have......
Commentary

Clifford Chance | United Kingdom | 29 Jul 2021

Supreme Court rules on procedure for service of enforcement proceedings on sovereign state

In General Dynamics UK Ltd v Libya, the Supreme Court has ruled that service of formal court documentation on a state party through diplomatic channels is a necessary requirement when seeking to enforce an arbitral award against the state and that service cannot be dispensed with. In reaching its decision, the Supreme Court stressed that the procedure for service of enforcement proceedings......
Commentary

Fieldfisher | Germany | 29 Jul 2021

VW and BMW fined almost €900 million for antitrust violation

The European Commission has imposed fines of €875 million on BMW, Daimler and the Volkswagen Group for an antitrust violation lasting more than five years. The commission is expected to take a more critical view of environment-related agreements, such as those in which competitors agree to use more environmentally friendly technologies, but simultaneously reach an understanding that they will......
Commentary

Ogier | Cayman Islands | 29 Jul 2021

Snapshot: management meetings are integral in section 238 proceedings

The Grand Court of the Cayman Islands has once more emphasised the central role that experts play in section 238 proceedings and that it is integral to the process to allow them to meet with management to gather information that they consider to be relevant. This decision reinforces the importance of the company cooperating with requests from experts in section 238 proceedings, which are......
Commentary

VMCA | Brazil | 29 Jul 2021

CADE dismiss Stone/Linx competition concerns and clear merger

The Administrative Council of Economic Defence (CADE) recently unconditionally cleared the acquisition of Linx by Stone Group, following the dismissal of several competition-related risks. The Stone/Linx merger shows that the payments industry is still one of CADE's main focuses and that the authority is increasingly adopting diagonal or systemic views of markets, rather than a more......
Commentary

Gorrissen Federspiel | Denmark | 29 Jul 2021

Competition Appeals Tribunal decides on information exchange in dual distribution cases

The Competition Appeals Tribunal has upheld two separate decisions of the Competition Council involving the illegal exchange of information between the brand Hugo Boss and two Danish clothing retailers. The tribunal agreed that the parties' exchange of information on prices, discounts and quantities in relation to future sales on the retail market constituted an infringement by object of......
Commentary

Ogier | Global | 29 Jul 2021

Battle of beneficiaries: how to avoid no man's land for trustees

As much as every trustee desires harmony and familial good will, the reality of modern trusteeship can be different. With the ever-increasing rise in high and ultra-high net worth structures, often in a dynastic setting, the potential for disharmony, or downright hostility, among beneficiaries is on the rise. Every situation will have its nuances and particular difficulties. However, this......
Commentary

Kincaid | Mendes Vianna Advogados | Brazil | 28 Jul 2021

Is it possible to have a ship-recycling industry in Brazil?

Maritime transport plays a vital role in international trade. However, as with all equipment, vessels have a limited life cycle after which they are no longer useful. There are several opportunities for Brazil to enter the ship recycling market but there are both national and international obstacles that must be considered. Ship recycling can be carried out in a safe and sustainable manner,......
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