Recent Articles

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  14/05/2024

  Ukraine

  Ukraine improves corporate governance in SOEs

  On 8 March 2024, the long-awaited law on improvement of corporate governance in state-owned enterprises (SOEs) (Law) came into force. The Law was developed as part of a general state sector reform with due consideration of international best practices, including the OECD Guidelines for Corporate Governance of SOEs. Its objective is to reduce political pressure on SOEs’ management, mitigate corruption risks and enhance the effectiveness of state companies’ management.The major changes introduced by the Law in relation to SOEs include the following:State ownership policy. A new concept...

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  14/05/2024

  England and Wales

  Update on Business rates

  Summary  This Law-Now1 summarises some recent developments in relation to business rates following the Spring Budget 2024 and the Government’s summary of responses to the Business Rates Avoidance and Evasion consultation.Business Rates: Avoidance and Evasion – change to reset periodEmpty Property Relief (“EPR”) operates by giving owners of empty non-domestic properties 100% relief for the first three months (or six months for industrial properties) after a property becomes empty. If the property remains empty once such relief period ends, the owner must pay the property’s...

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  13/05/2024

  United Kingdom

  Upheld: ASA rules against ProgressPlay betting ad

  On 8 May 2024, the Advertising Standards Authority (the “ASA”) issued a ruling against ProgressPlay Ltd t/a JeffBet for featuring a misleading promotional offer on their website that implied eligibility for all new JeffBet customers.The AdvertisementIn November 2023, the JeffBet website featured a “BET £10 AND GET £30 FREE BET” promotion on its homepage. The terms and conditions stated in small print that the offer was for “New Players Only” and included a link to the full terms and conditions.The complainant, who was not eligible for the promotion...

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  13/05/2024

  Sweden

  Registrering av nyckelbiotoper – inte överklagbart

  I tidigare artiklar har vi redogjort för den kontroversiella frågan om huruvida Skogsstyrelsens registrering av nyckelbiotoper utgör överklagbara förvaltningsbeslut eller inte. I grunden låg två domar från Kammarrätten i Göteborg där domstolen kommit fram till helt olika slutsatser beträffande frågan om överklagbarheten av registreringen av nyckelbiotoper. Domarna överklagades till Högsta förvaltningsdomstolen som dock inte meddelade prövningstillstånd. Däremot beslutade Högsta förvaltningsdomstolen...

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  13/05/2024

  Hungary

  UK's Accession to the 2019 Hague Convention to ensure enforcement of UK court judgments

  In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is exclusive/symmetrical.The UK’s accession to the 2019 Hague Convention brings clarity and certainty regarding certain types of jurisdiction clauses and the enforcement of UK court judgments in other countries in the aftermath of the UK’s departure from the EU in 2020.As a reminder, prior to BREXIT on 31 December 2020, the UK through its EU membership was party to the Lugano Convention, which facilitated the enforcement...

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  13/05/2024

  South Africa

  An overview of the proposed JSE Market Segmentation Project

  IntroductionThe Johannesburg Stock Exchange (the "JSE") has seen an uptick in delisting transactions across various sectors in recent years. Various reasons have been cited as driving this trend, including the cost of compliance associated with being listed on the JSE. On 18 April 2024, the JSE published a notice announcing various proposed amendments to the JSE Listings Requirements ("Listings Requirements") as part of their market segmentation project. It appears that these proposed amendments are aimed at reducing the legal and administrative requirements imposed in connection with certain corporate...

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