LEGAL DEVELOPMENTS WORLDWIDE Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to [email protected] CHANGES IN THE CYPRUS-PASSPORT-INVESTMENT-SCHEME On 13th of September 2016, the Cyprus Council of Ministers has approved the amendments to the Scheme for Naturalisation of Investors in Cyprus by Exception. The said scheme is based on subsection (2) of section 111A of the Civil Registry Laws of 2002-2015. - Michael Kyprianou & Co 1 NOVEMBER 2016: ARDIAN WILL ACQUIRE LIGHTING GROUP SLV FROM CINVEN The independent private investment company Ardian has won the bidding for the Germany based lighting maker SLV. Ardian entered into an agreement with Cinven to acquire SLV. The completion of the transaction is subject to approval of the applicable anti-trust authorities. - Walder Wyss Ltd THE MINISTRY OF JUSTICE ACTS TO PROTECT CHILDREN OF DIVORCING COUPLES IN CROSS-BORDER SEPARATIONS AN An important decision was announced yesterday by Sir Oliver Heald, the justice minister in the British government, it has been decided that it is in the UK’s best interests to accept and opt into a proposal made by the European Commission to repeal and update the legal mechanism, known as the Brussels 11A regulation, which assists separating and divorcing couples settle disputes relating to both the custody of their children and their divorce when more than one country is involved. - Giambrone Law Studio Legale Internationale THAILAND TRADEMARK REFORM: THE KEY POINTS YOU NEED TO KNOW The revised Thai Trademark Act is in force since 28 July 2016 . We have listed below the key changes legal practitioners and brand owners alike need to know about. thailand_trademark_reform - Vidon & Partners (Thailand) Co., Ltd. 18 OCTOBER 2016: DR. MICHAEL CARTIER ELECTED OFFICER OF THE INTER-PACIFIC BAR ASSOCIATION (IPBA) Dr. Michael Cartier was elected as an officer of the Inter-Pacific Bar Association (IPBA) for the years 2016 to 2022. Dr. Michael Cartier has previously been Chair of the IPBA TMT Committee from 2013 to 2016. The IPBA is an international association of business and commercial lawyers with a strong interest in the Asia-Pacific Region. It was established in April 1991 and has over 1400 members from over 65 national jurisdictions throughout the world. - Walder Wyss Ltd ANOTHER SHOCKWAVE FOR REAL PROPERTY 1 Nov 2016 at 04:00 / NEWSPAPER SECTION: BUSINESS - LawAlliance Limited MODERNISATION OF LUXEMBOURG COMPANY LAW: CHANGES AFFECTING THE S.À R.L. The law of 10 August 2016 modernising the law concerning commercial companies of 10 August 1915 and amending the Civil Code as well as the law of 19 December 2002 on the register of commerce and companies and the accounting and annual accounts of companies (the “Law”), entered into force on 23 August 2016. The Law is immediately applicable for all newly incorporated companies. Existing companies have been granted a period of 24 months to adapt their articles of association. The below is a summary of the main changes which affect private limited liability companies (“société à responsabilité limitée” (“S.àr.l.”)): - Chevalier & Sciales 8 NOVEMBER 2016: NEXT GENERATION TAKES OVER LUNCHGATE Simultaneously with a capital increase a group of investors led by Nikolaus Wein and Yves Latour has acquired a majority stake in Lunchgate AG from its founders. Lunchgate, Switzerland’s leading restaurant platform, was founded in 2009 as ICT startup and has developed a comprehensive product portfolio for restaurateurs and gastronomy groups. - Walder Wyss Ltd 2 NOVEMBER 2016: VICTORY BEFORE THE SUPREME COURT With decision dated 6 October 2016, the Swiss Federal Supreme Court fully rejected a motion to set aside an arbitral award. The decision resulted from a dispute in the amount of about USD 35 million concerning the aviation industry. - Walder Wyss Ltd ROMANIA: NEW RULES ON LABELLING PRODUCTS THAT USE FROZEN FOOD IN THE PREPARATION PROCESS As of 20 October 2016, new legal provisions are in place in Romania setting out how consumers should be informed of products that use frozen foods in their preparation. In this respect, the consumer protection authority enacted Order 183/2016 (" Order 183 ") published in the Official Gazette on 20 September 2016. read more... - Schönherr - See more at: http://www.legal500.com/firms/50876-fiorio-cardozo-alvarado-attorneys-at-law/offices/51774-asunci-n-paraguay/profile#sthash.Ak6U1SMb.dpuf