Like it or not, different territories have different laws. There are 28 states in the European Union and across these states there are tranches of relatively harmonised laws in certain areas. The basic underlying laws of contract and case law or codes which aid their interpretation are, however, all different. Nearly every in-house counsel has faced the task of tackling an impending overseas deal when only local state law governed terms are at hand. Staring down the barrel at an unknown legal system, a familiar scene plays out: localise or push ahead with what we've got?
This article discusses efficient brief drafting techniques in direct actions brought before the General Court of the European Union in the field of competition law.
This brochure, prepared by members of our Global Tax practice, provides an overview of the growing scrutiny of multinational tax practices and looks at the potential impact on business across several countries.
The business landscape is experiencing an unprecedented period of globalization. Domestic enterprises now outsource internationally on a large scale and establish partnerships in far-flung locations where business terms may be advantageous. These companies must deal with unfamiliar laws and operational standards. In tandem with this push to globalization, employers find their business operations and ethics scrutinized more closely both domestically and abroad.
This Top Ten provides some hints an investor and in-house counsel should keep in mind when doing business and dealing wtih Value Added Tax (VAT) in Slovakia.
With the AIFMD now in force, we thought it would be helpful to cover some of the questions we are frequently being asked across all of Ashurst's offices.
The EU national authorities have been consistently imposing increased compliance verification and audits and overall tightening sanctions. As a recent example, restrictions have been placed on financial support for trade and opening of new branches. Supply chain security remains a major concern: are we doing the upfront due diligence and do we have all the appropriate contractual clauses? How can we secure a supply chain in an international export environment where regulatory bodies impose customs and import restrictions on certain products? This session will focus on providing an update from an EU trade and export/import controls perspective.
The significant changes in the GCC during the last few years have seen an increased interest on the part of local businesses for engaging with international partners. The cultural differences can impact upon the progress and success of any business venture if not properly understood and accepted, along with the legal interplay between common law and the regional civil law systems. Careful consideration should be given to the choice of governing law and the forum for dispute resolution.
Anti-cartel enforcement has evolved substantially in Europe in recent years and the EU Commission has consistently reaffirmed its position by punishing hard-core cartels and imposing record-level fines. Companies can manage cartel investigations by setting preventive internal checks and establishing an effective antitrust compliance policy and specific guidelines for employees. Are you ready for an unannounced dawn-raid inspection visit?