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Recent Articles

  •  
    28/03/2024
    England and Wales

    Margin of error crucial in defeating negligence claim against valuer

    A recent High Court judgment demonstrates the vital importance of the margin of error in claims against valuers, and the need to focus on the valuation result rather than the process.In Bratt v Jones, a landowner claimed against an independent expert valuer regarding the valuation of development land for the purposes of an option agreement. The court dismissed the claim, finding that the valuer's assessment of £4.075m, while lower than the "correct" value of £4.747m determined by the judge, still fell within the permissible 10-15% margin of error for a non-negligent valuation.The judge...
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    28/03/2024
    Bulgaria

    Bulgarian finance ministry publishes draft Introduction of Euro into the Republic of Bulgaria Act

    On 25 March 2024, the Bulgarian Ministry of Finance (MF) introduced for public consultation the long-awaited bill of Introduction of Euro into the Republic of Bulgaria Act (IERBA), which closely follows the main points under the blueprint published by the MF in late 2022.The IERBA addresses the main issues identified by the preliminary assessment of the adoption of the euro through the following:the establishment of general and specific rules in relation to rounding after conversion from BGN to EUR with the “general rule” being the converting of values at the specified rate and rounding...
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    28/03/2024
    South Africa

    Warning to all landlords: Perfect or suffer the consequences

    Does a landlord have an automatic right of retention/ lien over the movables of the lessee that can be exercised to off-set arrear rental? The Supreme Court of Appeal in the recent case of Ergomode (Pty) Ltd v Jordaan NO and Others (643/2022) [2024] ZASCA 10 (29 January 2024) laid down the law in an area of the law where many landlords have resorted to self-help for many years.The FactsIn this case, Ergomode Proprietary Limited (“Ergomode”) entered into a lease agreement with Sakhile Contract Mining Proprietary Limited (“Sakhile”), in which it was agreed that Sakhile would...
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    28/03/2024
    England and Wales

    ASA wipes out cleaning ad showing harmful gender stereotypes

    The Advertising Standards Authority (the “ASA”) upheld a complaint against John Mills Ltd t/a JML Direct for their advertising of the Hurricane Spin Scrubber, as it presented gender stereotypes likely to cause harm.The Advertisement:The TV advertisement (the “ad”) for JML's Hurricane Spin Scrubber, aired on 7 January 2024, featured women using the cleaning tool in various household areas. The women shared their positive experiences with the scrubber, one of them mentioning gifting it to her mother. The ad featured both a male and female host, with the male host explaining...
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    28/03/2024
    China

    Navigating China’s New Data Export Regulations: Companies’ Permissible Omissions and Essential Actions

    On 22 March 2024, the Cyberspace Administration of China (“CAC”) promulgated the Provisions on Regulating and Facilitating Cross-border Data Flow (“Provisions”). The Provisions have come into effect immediately as of 22 March 2024.It is a positive signal sent out by the Chinese government for smoothing and facilitating outbound data flow. According to the Provisions, some companies may be exempted from the obligation to pass security assessment, file the standard contract recordal or obtain personal information protection certification. However, this conclusion cannot be...
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  •  
    27/03/2024
    Europe

    Inflation Reduction Act

    The ActOn 16 August 2022, the US took an important step in the history of clean energy and climate change with the adoption of the Act. The Act establishes energy communities and offer production and investment tax credits for clean electricity, bonus credits for projects located in an energy community to ensure workers and communities are included in sustainable growth and prosperity.The Act, often deemed as the most significant climate legislation in the US history, provides financing, programmes and incentives to enable significant deployment of new sources of clean electricity, accelerating...
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