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Schoenherr | Serbia | 1 Dec 2022
Serbian Competition Authority imposes €460,000 fine for formation of consortium
🕑 4 minutes In a recent investigation by the Serbian Commission for Protection of Competition, five hazardous waste management companies were found to have formed a consortium to participate in a public procurement procedure. The consortium was found to represent a cartel agreement – that is, the most serious form of competition infringement – and the parties involved were fined €460,000.
Gan Partnership | Malaysia | 31 May 2022
Is a company bound by a contract made prior to its incorporation?
In Malaysia, there is a principle called "promoter and successor", as defined under sections 65(1) and (2) of the Companies Act 2016. Where certain legislative requirements are met, a company can be and is bound by a contract or transaction made before its incorporation. In a recent case, the Federal Court discussed the promoter and successor principle.
Lexology PRO | Singapore, United Kingdom | 15 Jun 2021
Singapore chides UK insurance companies over regulatory and compliance failures
Singapore’s financial regulator has reprimanded four financial institutions, including local subsidiaries of UK insurance companies Aviva and Prudential, an Aviva executive and a consultant for breaking compensation rules.
Morrison & Foerster LLP | Cayman Islands, China, USA | 26 Aug 2020
回归故里——美股中概股私有化交易概述
自上个世纪90年代初以来，大量知名中国公司通过在美国上市以提升其全球形象，美国证券市场成为诸多中概股的港湾。然而，中概股在近十年间接连进行私有化，并以回归中国重新上市为最终目标。今年，随着中国公司舍弃他们认为不再友善的美国市场，中概股私有化的浪潮再次出现。…
Troutman Pepper | USA | 6 May 2020
A Conversation With Consortium
In this podcast series, we spend time talking to some of our clients that are stepping up to help during the COVID-19 pandemic. In this Episode…
Arent Fox LLP | USA | 15 Nov 2018
California Wildfires: What Emergency Declarations Mean For Health Care Providers
California is burning as three major wildfires rage across both Northern and Southern California. The Woolsey and Hill Fires are devastating parts of…
Davis Polk & Wardwell LLP | United Kingdom | 14 Nov 2018
Takeover Panel seeks to clarify rules on asset valuations
The UK Takeover Panel recently published Public Consultation Paper 2018/1, which sets out several proposed amendments to Rule 29 of the Takeover Code relating to asset valuations. Given that the consultation paper largely seeks to codify current market practice and the approach of the panel to asset valuations, if the code is amended in line with the proposals, such amendments are unlikely to......
Sheppard Mullin Richter & Hampton LLP | USA | 9 Nov 2018
Considering Blockchain In The Electricity Industry
Blockchain technology and smart contracts have the potential to become major disrupters in the energy industry. For example, these Technologies may…
Rokas | Greece | 8 Oct 2018
Privatisation of energy companies
Pursuant to the commitments undertaken by the Greek state after the first memorandum of understanding between the Hellenic Republic, the member states of the European Union, the Monetary Fund and the European Central Bank was signed, the privatisation of energy companies in Greece has significantly progressed. The Hellenic Republic Asset Development Fund – the legal entity entrusted with......
Gorrissen Federspiel | Denmark | 13 Sep 2018
Maritime and Commercial High Court judgment on legality of consortium agreement
The legality of consortium agreements under competition law has been widely debated in recent years. The Maritime and Commercial High Court recently rendered a much-anticipated judgment on this subject and repealed the competition authorities' 2015 and 2016 decisions in a case concerning a consortium agreement between two companies regarding their joint bid on a public tender for road marking......
