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Is A Party To Negotiations Who Has Not Signed A Contract Liable To Pay Compensation?

Is A Party To Negotiations Who Has Not Signed A Contract Liable To Pay Compensation?

Published: 20 Oct 2020

Maya and Gidi Barber, have signed on 14/12/14 on a document with the headline, "proposal irrevocable purchase”. This document was delivered to Eran Amour, who was the owner of a plot in Kiryat Tivon and was supposed to build a luxury residence on the plot. The price was set to 2,650,000 NIS. Together with the offering document, the parties reached an agreed-upon version of the sale agreemen...

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A Chinese Corporation by the Name of SHANGHAI JICHUAN INVESTMENT CO. LTD Acquired the Israeli Shahal Telerefua Company, Aiming to Introduce Shahal’s Technology to China

A Chinese Corporation by the Name of SHANGHAI JICHUAN INVESTMENT CO. LTD Acquired the Israeli Shahal Telerefua Company, Aiming to Introduce Shahal’s Technology to China

Published: 19 Oct 2020

On July 24, 2015, Shahal entered into an ILS 440 million merger agreement with the Chinese company. The parties agreed, among other things, that the Chinese company will transfer a “signature deposit” to a trustee, in a sum of 20% of the deal’s value, in two parts. The parties furthermore agreed that their duty to execute the companies’ merger and perform all other actions due under the agreement ...

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HIGHLIGHTS OF NIGERIA’S PETROLEUM INDUSTRY BILL 2020

HIGHLIGHTS OF NIGERIA’S PETROLEUM INDUSTRY BILL 2020

Published: 19 Oct 2020

Following several previous unsuccessful attempts to overhaul and reposition the petroleum industry in Nigeria, the executive arm has once more sponsored an updated version of the Petroleum Industry Bill 2020 for legislative deliberation and passage into law. The bill has scaled through 1st reading and is awaiting further action as it motions through the various legislative processes. Some of the s...

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OLG München: Golden color not protected as trademark acquired through use

OLG München: Golden color not protected as trademark acquired through use

Published: 15 Oct 2020

The golden color of a chocolate Easter bunny is not protected as a color mark. The Oberlandesgericht (OLG) München – the Higher Regional Court of Munich – found that the producer in question did not enjoy any trademark rights in relation to the color. In the weeks leading up to Easter, supermarket shelves are stacked with chocolate bunnies. One producer has been packaging its chocolate bunnie...

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Wirecard AG – Claims for damages against corporate bodies and auditors

Wirecard AG – Claims for damages against corporate bodies and auditors

Published: 14 Oct 2020

With Wirecard AG now insolvent, investors are potentially facing severe losses. Shareholders and investors in Wirecard bonds and derivatives can assert claims for damages. While the extent of Wirecard creditors’ losses is as yet incalculable, the liabilities of the former DAX-listed company are likely to be enormous. Media reports are quoting a figure of 1.6 billion euros in bank loans alone. This...

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German Add-on taxation in the case of third countries

German Add-on taxation in the case of third countries

Published: 14 Oct 2020

Under sec. 7 (1) Foreign Tax Act (AStG), income from so-called intermediate companies (companies generating income within the meaning of sec. 8 AStG with registered office or business operations outside Germany, in which German unlimited taxable persons hold an interest of more than 50%) is taxable in Germany in the amount corresponding to the (domestic) participation in this intermediate company....

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The Benefits of Mediation in Dispute Resolution

The Benefits of Mediation in Dispute Resolution

Published: 14 Oct 2020

Mediation is increasingly the first choice as a method for resolving disputes. The benefits of include lower costs, a less formal environment and the knowledge that all parties are committed to finding resolution. Giambrone’s lawyers in the dispute resolution and litigation team have extensive experience of successfully obtaining satisfactory conclusions for our clients in a wide range of contenti...

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RE: Listing on the Emerging Companies Market of the Cyprus Stock Exchange

RE: Listing on the Emerging Companies Market of the Cyprus Stock Exchange

Published: 13 Oct 2020

A. Information about the Emerging Companies Market The Emerging Companies Market (ECM) is considered as a Multilateral Trading Facility (MTF) according to “the provision of Investment Services, the exercise of investment activities, the operation of regulated markets and other related matters” Law 144(I)/ 2007. The ECM operates according to the Regulative Decisions adopted by the Cyprus Stock Exch...

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