Mustafa Tırtır and Muharrem Kazak of Mustafa Tırtır Law Firm set out recent Supreme Court case law on liability for crimes committed during company activity
In the event of a criminal offence during the activities of a company, legal entities are not subject to criminal sanctions. Natural persons authorised to represent and bind the company are held criminally liable.
Continue reading “Sponsored briefing: Criminal liability of company directors”
Mehmet Selim Yavuz and Murat Uyanık of Yavuz Uyanık Attorney Partnership discuss how the legal market has been affected by the country’s economic climate and their expectations for areas of growth
Given Türkiye’s current economic problems including the devaluation of the currency and high inflation, how has this been affecting your firm throughout 2023 and into 2024?
Our attorney partnership has managed to grow in a delicate manner during 2023 which could be defined as one of the most economically devastating years. The exchange rate and inflation crises caused by the interest cuts of the Central Bank of Türkiye had significantly damaged Turkish Lira which deeply affected the purchasing power of our employees. We unfortunately needed to revise our rates and we adjusted our ongoing arrangements with our clients. New business opportunities have also emerged as economic problems have affected contractual relationships, which later turned into legal proceedings. Therefore, it could be stated that even with macroeconomic conditions we managed to grow our business. Unfortunately, the year 2023 did not start very well for the Turkish people and economy. Continue reading “Sponsored briefing: Looking to the future”
In an era marked by rapid advancements in technology and an ever-expanding digital landscape, the significance of robust legal frameworks governing electronic transactions and data protection cannot be overstated. For Lebanese companies, the enactment of the Lebanese Law No. 81 of 2018 related to electronic transactions and personal data (Law No. 81/2018 or ‘Law’) represents a pivotal moment in their journey towards adapting to the demands and opportunities of the digital age. This legislation not only addresses the critical need for legal clarity in electronic transactions but also establishes essential safeguards for data protection in an environment characterised by evolving cyber security threats and heightened concerns about privacy.
Lebanon, like many nations worldwide, has been experiencing a digital transformation that has reshaped the way businesses operate, communicate, and engage with their customers. E-commerce, online banking, and digital marketing have become integral components of the Lebanese business landscape, offering companies new avenues for growth and innovation. However, the absence of comprehensive electronic transactions regulations had left many enterprises navigating this digital terrain without clear guidelines, resulting in uncertainty and potential legal risks. Continue reading “The Electronic Transactions and Data Protection Law in Lebanon: Empowering Lebanese companies in the digital age”
In the words of Patrik Peyer, managing partner of Niederer Kraft Frey (NKF): ‘As the Swiss legal market confronts these multifaceted challenges, the resilience and adaptability of legal practitioners become crucial in shaping a forward-looking legal landscape.’
‘The legal market is always developing in parallel to the general economic situation,’ says Bär & Karrer’s Susanne Schreiber, who co-heads the firm’s tax team. In Q1, Switzerland’s annual inflation rate rose to a high of 3.4% in February, 0.6% up on December 2022. In Q2, things started to look up with rates decreasing to 2.6% in April. Since then, rates have been on a steady decline, remaining at 1.7% for both September and October 2023. Interest rates, too have stabilised. Since July 2023, the Swiss National Bank has kept its policy rate at 1.8%, providing a sense of stability to the Swiss economy. Following these economic trends, there are several trends practitioners have seen regarding the work that’s been done. For example, practice areas such as litigation and tax were extremely busy this year while areas like M&A and capital markets saw a decrease in deal volume compared to previous years. Banking and finance and real estate and construction remained stable throughout 2023. Continue reading “Switzerland focus: Testing the mettle”
What amendments or additions to Swiss ESG laws have been introduced in the past year, and how are these expected to influence businesses in the coming year?
In January 2022, the Swiss rules on due diligence and reporting regarding non-financial matters in the Swiss Code of Obligations (Swiss CO), which were adopted as a counterproposal to the ‘Responsible Business Initiative’ that was rejected by Swiss voters in November 2020, came into force (art. 964a ff. Swiss CO). These rules have started to apply as of the current financial year 2023 and the first reports according to the rules will have to be published next year (covering the financial year 2023). In a nutshell, large, listed companies and large companies supervised by the Swiss Financial Market Supervisory Authority (FINMA) will be required to publish a report on non-financial matters covering environmental matters, in particular CO2 goals, social issues, employee-related issues, respect for human rights and combating corruption. The companies in scope will have to let their shareholders vote on the report on non-financial matters at the general meeting. Additionally, certain Swiss companies will have to publish a report on due diligence regarding child labour and/or conflict minerals and metals. Continue reading “Sponsored briefing: Overview of ESG law in Switzerland”
Nathalie Tidman, Legal Business: Welcome everyone. We have a fantastic panel of extremely talented and insightful people here this evening.
As a starter for ten, what do you see as the real opportunities and benefits for in-house lawyers using generative AI in your day-to-day dealings? Continue reading “The Ireland debate: Don’t fear the robots”
‘What’s happening with Kirkland would make a great Netflix documentary, although maybe a bit niche,’ quips one managing partner of the recent saga of the Chicago-bred powerhouse and Paul Weiss’ London office. ‘Let’s hope they’ve had cameras dotted around the office!’ The amused detachment with which the remark is delivered could be said to sum up the stance of Ireland’s law firm leaders in the round – often looking on at the dramas besetting other international markets from a rarefied position of relative immunity to the worst of the upheavals faced elsewhere in the world.
However, no market is an island, and many of the challenges faced by Ireland’s leading firms this time last year not only remain but have become more urgent. Managing partners are just as alive to reversals created by an ultra-competitive recruitment environment, not helped by a cost-of-living crisis that shows little sign of releasing its grip any time soon, while the ongoing war in Ukraine and related upward spiral of interest rates and inflation continue to make themselves felt. Continue reading “Ireland focus: No line on the horizon”
Can you tell us a little bit about your career and how you ended up at Walkers?
When I graduated from University College Dublin in 2001 with a business and law degree I wasn’t entirely sure what I wanted to do. A friend in university had started working in a finance role within a fund administrator and he told me that if I joined and stayed for three months that he would get a €500 referral bonus. I joined. He got the referral bonus (which he didn’t share with me incidentally) and subsequently left to become a primary school teacher. Ironically, I have remained in the funds industry ever since. My legal career began a couple of years later with one of the leading domestic firms in Dublin, where I was earmarked for their investment funds group when I finished my traineeship. In 2011, I moved to London and joined the global asset management firm, PIMCO. I stayed in London with PIMCO for almost seven years before returning to Ireland in 2018 when I joined Walkers. During my time in London I completed an MBA at London Business School and briefly considered the idea of moving out of a legal role but ultimately stuck with a career in the legal profession. I feel that I have made the right choice and enjoy working in the funds industry in Ireland. Last year, I was elected to the Council of Irish Funds (the asset management and investment funds industry association here) and recently have been appointed to the role of vice chair of the association and consequently will assume the role of chair next year. Continue reading “Sponsored Q&A: Nicholas Blake-Knox – partner and head of Walkers’ asset management and investment funds group in Ireland”
Lisa Broderick of DAC Beachcroft examines the key problems and priorities for Irish clients, as well as the firm’s recent international growth and adaptations post-Covid
DACB Dublin is part of DAC Beachcroft LLP, an international law firm with over 2,800 professionals and a legal network advising across the United Kingdom, Europe, Asia-Pacific, Latin America and North America. Continue reading “Sponsored briefing: Challenges and strategies in a competitive market”
What are some of the challenges and opportunities you foresee for the investment funds industry in Ireland, and how is Dechert positioned to navigate them?
Continue reading “Sponsored Q&A: In conversation with Dechert Dublin’s managing partner – the case for a global law firm”