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Streamsowers & Köhn | Nigeria | 23 Aug 2021

Updated guidelines on obtaining ministerial consent to assign interest in oil and gas assets

In March 2021 the Department of Petroleum Resources issued updated guidelines on the assignment of interests in oil and gas assets. The guidelines establish the procedure for obtaining the prior written consent of the minister of petroleum resources that is required for the assignment of a participating interest in upstream oil and gas assets, in accordance with the primary legislation, the......
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Clasis Law | India | 3 Aug 2021

Conditional or unconditional stay in enforcement of an arbitral award?

The Calcutta High Court recently dealt with the question of whether the courts have discretion under section 36 of the Arbitration and Conciliation Act to direct the deposit of any amount as they deem appropriate to stay the execution of an award pending the consideration of an application under section 34 thereof.
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ELIG Gurkaynak Attorneys-at-Law | Turkey | 7 Mar 2019

Competition aspects of merger control: 2018 M&A status report

The Competition Board recently published its annual M&A status report, which outlines statistics concerning merger control decisions with regard to the number of transactions, the parties' country of origin, economic activities and transaction values. The Competition Board reviewed a total of 223 mergers and acquisitions in 2018, which is higher than average and constitutes a 21% increase......
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Santamarina y Steta SC | Mexico | 22 Feb 2019

Maximising your real estate returns with fractional ownership

As with any other type of investment opportunity, when investing in real estate, it is crucial to limit the risks as much as possible while maintaining maximum returns. Fractional ownership is a good option in this regard, irrespective of whether a party wants to develop real estate or invest in personal real property. Often mistakenly compared with the timeshare model, the fractional......
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Vaish Associates Advocates | India | 21 Feb 2019

CCI imposes penalty on SALPG for denying market access

The Competition Commission of India (CCI) has penalised South Asia LPG Company Ltd for abusing its dominant position on the market for upstream terminaling services at the Visakhapatnam port. The CCI held that SALPG had denied market access at the port to a private terminal operator. This landmark case is a good example of a dominant enterprise denying an essential facility to a competitor......
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Hogan Lovells | Mexico | 21 Dec 2018

IFT fully liberates 600MHz band

Mexico recently became the first country to liberate the 600MHz band after the Federal Telecommunications Institute approved the relocation of the last two channels that transmitted therein in order to free it up for 5G broadband services. This transition will enable Mexico to make the band available to the market through a bidding process and exploit international mobile telecoms......
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Dentons | Canada | 18 Dec 2018

Court upholds owner's discretion to select contractor based on overall cost, schedule and experience

The Alberta Court of Appeal recently ruled on the tendering of a contract that will be of interest to owners and contractors alike. The court upheld an owner's right to rely on privilege and discretion clauses and a description of the relevant evaluation criteria in the tender documents, as well as its right to take a nuanced view of the costs to choose the contractor that it considered best......
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Sofunde Osakwe Ogundipe & Belgore | Nigeria | 15 Oct 2018

Italian corruption case continues – will authorities ever investigate wrongdoing?

Recent reports about developments in an ongoing corruption case in Italy, which alleges corruption in Nigeria by oil giants Royal Dutch Shell and Italian company Eni, have increased speculation as to whether any meaningful proceedings relating to the matter will ever be brought in Nigeria. There appear to be numerous issues in respect of which inquiries might be undertaken.
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Makarim & Taira S. | Indonesia | 10 Oct 2018

Partnership agreements in view of Manpower Law

One of the most common ways in which a company can use a person's services is by entering into a partnership agreement and thereby treating them as a partner instead of an employee. However, partnership agreements often give rise to disputes, especially if they are terminated. There have been many cases in which the Manpower Office or the Industrial Relations Court have deemed poorly drafted......
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Beretta Godoy | Argentina | 24 Sep 2018

New resolution issued on offshore reconnaissance permits and related commercial rights

The Ministry of Energy and Mining recently issued Resolution 197/2018, which details the requirements and procedures relating to obtaining reconnaissance permits and the commercial use of data obtained during reconnaissance activities along the Argentine Continental Shelf. Although the Ministry of Energy and Mining has already granted a number of offshore exploration licences, significant......
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