Boyanov & Co. advised the European Investment Bank

Boyanov & Co. advised the European Investment Bank on increasing the financing of Oliva AD  made available pursuant to a Luxembourg law governed finance contract executed in 2017, to EUR 37,2 million, for the purposes of adding new components to the company’s project for the construction of a new edible oil processing plant and grain silos.

Boyanov & Co. acted as Bulgarian legal counsel for the lender on all Bulgarian law aspects of the financing, including the creation and perfection of Bulgarian law-governed security. The additional financing was successfully closed in October 2021.

Boyanov & Co.’s team was led by finance partner Damian Simeonov and included finance senior associate Georgi Drenski.

Azevedo Sette Advogados write the Brazil Chapter on Data Protection & Cyber Security published by The Legal 500.

Azevedo Sette Advogados’ TMT team wrote the Brazil Chapter of The Legal 500  guide on Data Protection and Cyber Security.  The team included the senior partner, Ricardo Barretto Ferreira, the Privacy and Data Protection coordinator, Lorena Pretti Serraglio, the associates Camilla Chicaroni, Isabella da Penha Lopes Santana and the former associate Nariman Gonzales.

The Comparative Guide by The Legal 500 provides a pragmatic overview of the data protection and cyber security laws and regulations across a variety of jurisdictions.

See the Chapter in the guide
Brazil: Data Protection and Cyber Security

 

Azevedo Sette Advogados celebrate 54 years of history

On November 27, Azevedo Sette Advogados celebrated 54 years of history. From an office inaugurated in 1967 with a single lawyer, our founding partner Ordélio Azevedo Sette, we arrive in 2021 with 43 partners and more than 500 staff members in a national full service operation, with 6 offices in Brazil, and having the honor to be considered, since 2019, one of the three most remembered firms among the legal, financial and compliance executives of the 1000 largest companies in terms of revenue of Latin America (Who’s Who Represents survey, organized by LACCA – Latin American Corporate Counsel Association).

We are grateful to all our clients, partners and suppliers for their confidence and all our competent team for the accomplishments of this year; we look forward to building together over the next 50 years.

Despite these challenging times, we keep renewing and growing! Watch our commemorative video that summarizes the year 2021 https://www.youtube.com/watch?v=BzRSDTo7g-o.

Toda & Nel-lo Video testimonial

Boyanov & Co. Contributes to the Bulgarian Chapter on The Foreign Investment Regulation Review 2021

The ninth edition of The Foreign Investment Regulation Review, published in October 2021, provides a comprehensive guide to regulations, policies, and practices governing foreign investment in 20 key international jurisdictions, including Bulgaria. It includes contributions from leading experts around the world and some of the most widely recognised law firms in their respective jurisdictions.

The Bulgarian chapter in this year’s ninth edition of The Foreign Investment Regulation Review was co-authored by BOYANOV & Co’s senior associate Trayan Targov and associate, Atanas Grigorov and is available here.

London Interbank Offered Rate (LIBOR) transition – are you prepared for the new era?

The journey for London Interbank Offered Rate (LIBOR) has continued to unfold since Hamlins previous update.  As the termination of publication of LIBOR for all sterling, euro, Swiss franc and Japanese yen settings and the 1-week and 2-month US dollar settings on December 31st, 2021 draws near, lenders are transitioning their loan agreements using LIBOR by switching to alternative near risk-free rates. With less than a month remaining until sterling LIBOR ceases, the consequences of the transition on existing loan agreements, and new loan agreements in the period up to the deadline and beyond, require careful consideration.

If you haven’t done this already, your clients’ existing loan agreements with loan terms expiring from 2022 onwards should be reviewed to understand whether adequate provisions are in place for calculating interest from January 1st, 2022

Read the full article on hamlins.com

Azevedo Sette Advogados advised CBA in the acquisition of 80% of the equity interest of Alux

Azevedo Sette Advogados advised Companhia Brasileira de Alumínio – CBA in the acquisition of 80% of the equity interest of ALUX DO BRASIL INDÚSTRIA E COMÉRCIO LTDA, one of the biggest suppliers of recycled aluminum, located in Nova Odessa (SP).

The transaction is still subject to fulfillment of conditions precedent to closing, including antitrust authorities, and includes shareholders agreement and a pledge of shares (alienacao fiduciaria) to guarantee indemnification obligations from sellers.

Azevedo’s Lawyers involved: partners Ana Paula Terra, Fernando Sette and associate Eduardo Monteiro.

Why choose the English courts for intellectual property disputes?

Why is the English courts system the preferred choice for so many global businesses bringing a multi-jurisdictional intellectual property claim? Matthew Pryke and Katie Pawlyn at Hamlins explain its appeal.

Global businesses faced with multi-jurisdictional intellectual property disputes often have a choice as to where to bring the claim. We explain the benefits to businesses of taking and enforcing IP claims through the English courts.

Independence

The English courts have a long history of measured and impartial decision-making. The independent Judiciary is renowned for its impartiality and professional approach. This is especially important for non-UK based businesses as there will be no ‘home field’ advantage.

Specialised courts

The English courts offer several specific intellectual property courts with specialist judges including the Patents Court and the Intellectual Property Enterprise Court. These courts have developed procedures allowing them to hear claims on non-UK intellectual property rights. For example, in 2011, the Supreme Court heard a dispute over copyright ownership according to United States copyright law. Allowing claims to be heard by someone with knowledge and experience of intellectual property rights whilst receiving a judgement specific to the jurisdiction in which your business operates is essential.

Robust cost regime

The English courts are renowned for having a robust cost regime. Litigation can be expensive; therefore, having a system which closely manages costs and has the ability to tailor costs to the size of the claim is essential. To pursue a claim through other court systems can be more expensive resulting in limited certainty on budgets.

Expedited hearings and injunctive relief

Expedited hearings offer businesses the opportunity to deal with most claims in just a few weeks. Interim injunctions are also often awarded in cases where damages can be proven to be an insufficient remedy. This is important for many businesses wishing to remove the offending products or services from the market quickly to limit the damage caused to their business and associated IP.

Alternative Dispute Resolution

English courts require businesses to consider alternative dispute resolution (ADR) before bringing the claim before court. ADR encourages the parties to find a solution outside of court and includes processes such as mediation. ADR can often be quicker, cheaper and provide more certainty than a full court case. Resolving issues through ADR often creates the potential to preserve a positive business relationship.

Robust enforcement regime

The English courts have a robust enforcement regime when compared to many other countries. For businesses outside the EU, the position is unchanged and whilst Brexit has raised concerns about enforceability, in practice little has changed. Within the EU, it remains to be seen exactly what changes will occur, however, the enforcement regime is unlikely to change significantly. Moreover, the UK has many international agreements in place to support robust enforcement.

If your business is considering bringing a multi-jurisdictional claim to enforce IP rights, please contact Matthew Pryke to find out why pursuing the claim through the English courts system is often the country of choice for so many businesses.

Hamlins moving to new offices at One Kingsway in 2022

Hamlins has announced it is relocating to new London offices in 2022.

The firm will be moving to the iconic building, One Kingsway, on the corner of Aldwych and Kingsway in the heart of mid-town.

Hamlins has been located in London for its 100-year history, occupying offices on Regent Street in the West End for the past 40 years.

Over the previous 18 months, like many businesses, the firm has re-evaluated its requirements and taken the opportunity to identify a modern, flexible and inspiring workplace that will meet its needs and the needs of its clients, now and into the future.

Hamlins has undertaken a review of its working practices, consulting staff on their preferred working patterns through a series of workshops and surveys. As a result, it will be adopting a hybrid working model, with staff splitting their time between the office and remote working.