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Publication
The Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted on 31 October 2023, and the much-anticipated commencement date of the Act has now been confirmed to be 6 January 2025.
Publication
On 24 October 2024, the Court of Justice of the European Union (CJEU) confirmed that the European Commission’s (the EC) 2009 decision, which imposed a (then record) €1.06 billion fine on Intel, was flawed as far as it found that loyalty rebates granted by Intel had anti-competitive effects.
Publication
The Dutch tax classification system for non-Dutch entities will undergo significant changes as of 1 January 2025.
Publication
In King Crude Carriers SA & Ors v Ridgebury November LLC & Ors [2024] EWCA Civ 719 the Court of Appeal held that the claimant sellers (the Sellers) were entitled to claim the deposits promised under sale contracts as a debt despite the defendant buyers’ (the Buyers) breach of contract, which had resulted in the non-fulfilment of a condition precedent to the payment of the deposits.
Publication
In COSCO Shipping Specialised Carriers Co Ltd v PTI OKI Pulp & Paper Mills [2024] SGCA 50, the Singapore Court of Appeal held that tortious claims, which extended beyond the terms of the contract, arose "out of or in connection with" the arbitration agreement, and granted anti-suit relief. The decision was based on a common-sense inquiry (rather than a formulaic approach) into whether, in substance, the claims were sufficiently connected to the arbitration agreement.
Publication
As previously observed, conflicts occasionally arise between mortgagees and charterers where a mortgagee wishes to take prompt action to enforce its rights, but the charterer wishes such enforcement action to be deferred until the end of the charter.
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