In the first part of this QuickCounsel, we examined how the feedstock of industrial projects should be procured so as to enhance bankability. In this second part, we now look for bankability in the negotiation of the contract for the project's Engineering, Procurement and Construction (EPC).
This TopTen suggests a ten-step process for in-house lawyers to follow in making the transition from awareness that a new law has been adopted, or an existing one changed, to adopting sustainably compliant business practices.
This QuickCounsel reviews the threshold compliance issues for determining whether an organization is a government contractor in the United States and some of the legal implications for that designation.
After more than fifty years, Civil Law in Hungary will be completely rewritten by the New Civil Code that will come into effect this year on the 15th of March. Several areas of law that have formerly been regulated in separate acts will now be incorporated into the new Code. These areas of law include family law, company law, as well as the law regarding civic organizations. Critics say that the new law sacrifices too much for dogmatic integrity and disassembles the unity of corporate law by extending current provisions for companies to all legal entities which will result, in many cases, in incomplete, inconsequent or redundant regulation. On the other hand, the concept of the new law is to provide more freedom to contracting parties. The present article seeks to summarize the ten most important matters that will have the largest influence on businesses.
An in-depth look at the life cycle approach and it's development and practice in the recent past.
This sample provides practice points and a checklist of what constitutes taking “reasonable steps” to help avoid sanctions under the newly amended FRCP 37(e).
Panama is a premier location. Whether traveling on commercial flights or by cruise ship, it is easily accessible to visitors from all over the world. A tax system that supports business start-ups and ship registrations makes the country especially attractive to foreign businesses.
Upon the enactment of Brazilian Law 9876/99, of November 26, 1999, a part of the system of social contribution payable by companies was modified, and one of the contributions payable by companies was fixed at 15% of the invoice for services rendered by work cooperatives. However, it seems that the requirement for the engaging companies to pay a 15% contribution on the invoices for services from work cooperatives is totally unconstitutional. This article explains the unconstitutionality of this law and discusses the impact of recent court decisions pertaining to this issue.
In Japan, the “Feed-in Tariff (FIT) System for Renewable Energy” was introduced in 2012. The “Feed-in Tariff (FIT) System for Renewable Energy” (the “System”) is a system in which the Japanese government gives its assurance that electric power made by renewable energy will be purchased at a certain rate by an electric power company at the located site. Recently, the number of domestic and overseas business operators has increased significantly. This article details the legal procedures needed for entry into the electric power business under the System.
A company negotiating an agreement to sell products to the government of a foreign country should consider a few steps for mitigating risk. Implementing these steps will be particularly important if the foreign country has had some prior political unrest and has insisted that any transaction must be handled in their judicial system.