By Ilia Rachkov and Anna Shcherbakova, Nektorov, Saveliev & Partners
Claimants who brought their lawsuits before international arbitration outside Russia may require assistance from Russian courts to impose interim measures on the respondent or third parties whose property is located in Russia.
By Olga Averin, Prager Metis International LLC
The International Valuation Standards Council (IVSC) consists of over 120 member organisations in 47 countries, including the US. The IVSC develops, maintains, and updates International Valuation Standards (IVS) which cover the actions required during a valuation assignment.
By Daniel Waldman, Pallett Valo LLP
When parties agree to settle a lawsuit, there is no going back. The Ontario Superior Court recently confirmed this in Lumsden et al. v The Toronto Police Services Board et al.
By Nensi Seferi, Gjika & Associates Attorneys at Law
Arbitration in the Republic of Albanian has been part of the domestic legal system since the adoption of the Code of Civil Procedure in 1996. However, such a dispute resolution instrument, maybe due to a post-communist Albania, never become popular.
By Andrew Lacey and Benjamin Brady, McCabe Curwood
Since the landmark Money Max decision of 2016, Common Fund Orders, which oblige all group members in a class action to pay a proportionate share of a litigation funder’s commission out of the proceeds of a judgment or settlement, have helped nurture a thriving class-action regime and litigationfunding industry in Australia.
By Cornelia van Heerden, Heyns and Partners Inc
South Africa has a mixed or hybrid uncodified legal system. It comprises of various legal traditions, including a civil law system informed by Roman-Dutch law; a distinct influence from the English common law system; and a customary law system inherited from the indigenous African population. All these systems are interconnected, and are subject to the Constitution of South Africa, as the Constitution “is the supreme law of the Republic; law or conduct inconsistent with it is invalid, and the obligations imposed by it must be fulfilled”. Therefore, our amalgamated legal framework operates in unison, restricted only by the confinements of the Constitution.
By Greet Slegers, Konsilanto CVBA
During the COVID-19 crisis, business is encouraged despite all difficulties. The first quarantine was handled without too many problems in most sectors. With some improvisation, business continued; except, of course, for those hard-hit sectors such as restaurant business. But, with Belgium facing a possible new quarantine, many entrepreneurs are now asking questions of a more strategic nature.
By Michiel Teekens, TeekensKarstens advocaten notarissen
The Deepwater Horizon drilling-rig explosion caused the largest marine oil spill in the history of the petroleum industry. The oil spill that began in the Gulf of Mexico covered over 110,000 square kilometres of the ocean surface and reached over 2,000 kilometres of shoreline. Besides the personal tragedy, the oil spill caused devastating short- and long-term environmental effects. The Deepwater Horizon rig was leased by BP, which was confronted with various class action lawsuits and investigations.
By Dr Mariagiulia Signori and Dr Cecilia Trevisi, COMMA 10
The Trade Secrets Directive 2016/943/ EU (the Directive), converted to law in Italy by Legislative Decree No. 63/2018, includes information among entrepreneurial resources. Directive 2016/943 provides an additional protection to trade secrets over and above the protection offered by patents within the context of the “fourth industrial revolution”, which brought about the creation of new business models involving the use of financial resources for innovation purposes. The direct consequence of this is that research is encouraged, and companies, regardless of their size, increase their commercial competitiveness.
By Ekaterina Kabanova, KBK Accounting
The legal system of Russia belongs to the civil law system. Case law is not binding, except for decrees of the high courts. The civil procedure is governed by two procedural laws – the Civil Procedural Code (CPC) and the Arbitrazh Procedural Code (APC) for commercial disputes between companies.
