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|The Japanese Class Action System will Come into Force on October 1, 2016|
Harukuni Ito, Kyosuke Katahira, Yuichiro Mori, John C. Roebuck, Takako Yako; Jones Day;
February 11, 2016, previously published on December 2015/January 2016On November 11, 2015, a cabinet order setting the effective date of the Act on Special Measures Concerning Civil Court Proceedings for the Collective Redress for Property Damage Incurred by Consumers ("the Act") was promulgated. As a result, the Act will come into force on October 1, 2016.
|Delaware Court of Chancery Invalidates For-Cause Removal Requirement for Unclassified Boards of Directors|
James P. Dougherty, Robert S. Faxon, Robert W. Gaffey, Lyle G. Ganske, Andrew M. Levine; Jones Day;
February 11, 2016, previously published on February 2016On December 21, 2015, Vice Chancellor Laster of the Delaware Court of Chancery invalidated provisions in a company’s certificate of incorporation and bylaws that purported to limit the ability of stockholders to remove directors without cause. The ruling, which has not been appealed, held...
|EU-US Privacy Shield: European Union and U.S. Reach Agreement in Principle for New Data Transfer Framework - But Uncertainty Remains|
Mark D. Herlach, Brian M. Murphy, Robert D. Owen, Robert J. Pile, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
February 11, 2016, previously published on February 11, 2016On February 2, 2016, the European Commission (EC) and the U.S. Department of Commerce (Commerce) announced that they had reached agreement on a new data transfer safe harbor arrangement for the transfer of personal data from Europe to the U.S. The new safe harbor pact, called the EU-US Privacy...
|GANADO Advocates Present at Lex Mundi’s Institute Business Management Program in the UK|
GANADO Advocates; GANADO Advocates;
February 9, 2016, previously published on February 4, 2016GANADO Advocates Present at Lex Mundi’s Institute Business Management Program in the UK
|Kinanis Opens New office in Shanghai China|
Christos P. Kinanis; Kinanis LLC;
February 9, 2016, previously published on February 3, 2016Kinanis Opens New Office in Shanghai China
|A Legal Vehicle in Institutionalization of Family Companies and Transfer between Generations: Internal Directive|
Ali Sami Er; Erdem Erdem Law Office;
February 5, 2016, previously published on January 8, 2016An internal directive may constitute a stepping stone for family companies to become institutionalized. A simple distribution of duties to be provided in consideration of the accountability principle may enable differentiation in decision-making processes, and may convert the board of directors...
|Sublease Agreements within the Context of the Turkish Code of Obligations|
Ece Yżlmaz; Erdem Erdem Law Office;
February 5, 2016Lease agreements are amongst the most common types of agreements, organizing property usage, as regulated under the Turkish Code of Obligations numbered 6098 (“TCO”). Authority to sublet a leased property to third parties is one of the authorizations of the TCO granted to the lessee,...
|Selective Distribution System under Competition Law|
Ecem Susoy; Erdem Erdem Law Office;
February 5, 2016, previously published on January 8, 2016Selective Distribution Systems
|Recent Keynotes of December 2015|
Nilsun Gursoy; Erdem Erdem Law Office;
February 3, 2016, previously published on January 7, 2016International Agreements, Resolution of Council of Ministers, Legislation, Competition Board Decisions, Mergers and Acquisitions, Privatizations, Energy
|Corporate & Regulatory Compliance: Are You Asking the Right Questions?|
Michael L. Aguirre, John Kaufmann; Greenberg Traurig, LLP;
February 2, 2016, previously published on January 21, 2016Due to regulatory changes made in response to the financial crisis of 2008, market participants entering into over-the-counter derivative transactions and their associated agreements face a vastly different landscape than several years ago. Competing (and sometimes inconsistent) legal regimes...