Universal Legal Advises Fullarton Distilleries Pvt Ltd on the Brand Sale of its Premium Spirits Portfolio to Allied Blenders and Distillers

Universal Legal is pleased to share that it has successfully represented Fullarton Distilleries Pvt Ltd in the strategic brand sale of its premium spirits portfolio—including Woodburns Whisky, Pumori Gin, and Segredo Aldeia Rum—to Allied Blenders and Distillers. Fullarton Distilleries Pvt Ltd will continue to operate as an independent entity.

This transaction marks a significant milestone in the Indian spirits industry, driven by the vision and leadership of Rajiv Thadani and Haresh Jhuremalani. Universal Legal is honoured to have played a key role in advising on this strategic deal.

The Universal Legal team was led by Mohit Kapoor, Founder & Senior Partner; Neelkamal Chaudhary, Associate Partner; and Preksha Shah, Associate.

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Buju Stanciu: What to Expect in Business Insolvencies and Bankruptcies in Romania

As economic pressures continue to mount, 2025 is projected to bring a significant increase in insolvencies and bankruptcies across Romania. In a recent analysis featured by leading Romanian business news channels, legal experts from Buju Stanciu & Associates provided an in-depth outlook on this trend and what businesses should anticipate.

With inflationary pressures, tightening financial conditions, and legislative changes, companies across various industries are facing growing challenges in maintaining financial stability. According to the firm’s legal specialists, many businesses will need to take proactive steps to restructure debts, negotiate with creditors, or consider formal insolvency proceedings.

“Insolvency does not have to mean the end of a business. With proper legal strategies, companies can restructure and recover,” the experts emphasized in the report.

Buju Stanciu & Associates assists clients through all stages of insolvency, from pre-emptive legal structuring to crisis management and recovery planning. Their expertise ensures that businesses navigate financial difficulties with the best possible legal solutions.

Access the full article in Business Review: 2025 will increase the number of insolvencies and bankruptcies

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Philippe & Partners Recognised in the Latest Leaders League Ranking

Philippe & Partners are recognised in the latest Leaders League ranking published for Belgium and Luxembourg.

The Insurance department continues to rank among the best, led by Marc Gouden (recognized as a Leading Individual) alongside Pierre Moreau.

Also recognized in Dispute Resolution and Arbitration, with Denis Philippe.

Furthermore, they are honoured to receive recognition in other key practice areas, including Real Estate and Tax, with special congratulations to Dirk Clarysse and Jean-François Libert for their outstanding contributions.

This recognition reinforces their dedication to excellence and innovation in the legal field.

Access all information in Leaders League: Philippe & Partners

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Ruzicka and Partners: Slovakia’s New Construction Act

Act No. 201/2022 Coll. on Construction, which was supposed to replace the old Act No. 50/1976 Coll. on Spatial Planning and Building Regulations in the Field of Construction, has not yet even entered into force and is already being repealed by the National Council of the Slovak Republic. The submitter of the proposal, the Ministry of Transport of the Slovak Republic (“Ministry”), states that it did so because the Act No. 201/2022 Coll. on Construction was in a state of institutional unpreparedness and was to be unenforceable by the effective date of April 1, 2025.

The Government’s draft the new Building Act has passed the parliament in an abbreviated legislative procedure and has already been signed by the president. The proclaimed goal of this new Building Act is to simplify and accelerate construction, as well as reduce the administrative burden in permitting procedures.

The biggest innovations include the abolition of the previous multi-stage decision-making (i.e. first a planning permit and then a building permit) and the introduction of single integrated procedure – a construction plan procedure, by which the building authority expresses its consent to the proposed construction activity. At the same time, the list of participants in the procedure is to be narrowed and, according to the Ministry, only persons and entities who objectively may be directly affected by the resulting decision in their rights, such as owners of neighbouring land, should enter the procedure.

On the other hand, an interesting new feature for public authorities in the position of builders of buildings intended for public arose. Such builders will be the obliged to set aside 0.5% of the estimated value of the building (max. EUR 500,000) and use it to procure and place a work of art in such a building. It remains to be seen according to what criteria and in what manner the selection of works of art for these public buildings will take place.

In addition to the above, unlike the originally proposed changes (Act No. 201/2022 Coll. on Construction), when the Regional Offices for Spatial Planning and Construction were to decide, it leaves the agenda of the constructions office to the municipality.

Only practice will show whether the proclaimed benefits will actually be to the benefit or detriment of residents. That is, whether they will speed up and simplify their construction activities aimed at building a home or make it more difficult or even impossible for them to apply objections to buildings encroaching on their living space, the quality of which may be irreversibly affected.

See more articles from our Slovakia member firm Ružička and Partners.