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Category: News & Views

Q1 2014 Review – Acquisition International Magazine

Posted on 06/19/14 by Conybeare Solicitors
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Deal volumes in Q1 2014 have been relatively quiet, with no evidence of a seismic shift in attitudes to M&A so far, and none really expected. Compared to last year, we have seen a similar number of transactions being started and negotiated, but the speed of closing deals seems to be taking longer – we have witnessed stronger negotiation on price from potential buyers combined with a level of resistance from sellers to transact at undervalue.

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Oil and Gas Concessions in Hungary – 2013 Bid Round Winners Announced

Posted on 06/19/14 by Conybeare Solicitors
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In our previous article, we provided a brief overview of the invitation for tender undertaken in Hungary by the Ministry of National Development (2013 Bid Round) which closed on 15 November 2013. The outcome was due within 90 days and thus the results of the Bid Round were announced on 19 February 2014.

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Oil & Gas Law Firm of the Year 2014

Posted on 01/27/14 by Conybeare Solicitors
read and download this announcement Steven Conybeare is delighted to announce that the firm has been awarded the Editor’s Choice – Oil & Gas Law Firm of the Year 2014 in Hungary and England, by Corp Intl Magazine.

UK Boutique Law Firm of the Year 2013

Posted on 12/20/13 by Conybeare Solicitors
read and download this announcement Steven Conybeare is delighted to announce that we have been voted as the UK Boutique Law Firm of the Year 2013 by readers of Acquisition Finance.

Ranked by Chambers and Partners Global Guide 2014

Posted on 12/04/13 by Conybeare Solicitors
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Steven Conybeare is delighted to announce that he has been recognised and ranked in the 2014 Global Guide published by Chambers and Partners: Steven is a “Leader in their field” for his Corporate and Mergers & Acquisitions practice in the United Kingdom, Central & Eastern Europe as well as Hungary.

Acquisition International talks to Steven Conybeare

Posted on 11/29/13 by Conybeare Solicitors

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This article was published in Acquisition International magazine in November 2013.

The current business environment in Hungary is not as positive as many people believe it could be and it remains a politically sensitive destination for foreign investors. Download to read the full article.

Oil and Gas Concessions in Hungary: 2013 Bid Round

Posted on 10/28/13 by Conybeare Solicitors
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In this article we provide a brief overview of the issue of an invitation for tender by the Ministry of National Development (2013 Bid Round) currently under way in Hungary and to provide a brief comparison with the system it replaces along with some commentary.

The Bid Round closed on 15 November 2013 with a very limited number of bids and we expect there will be modifications to the terms in future rounds next year.

Copyright Infringement – Warning for Directors

Posted on 12/01/12 by Conybeare Solicitors
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A Scottish court recently ruled that the sole director and shareholder of a company trading as a licensor of classical music recordings was jointly liable with the company for infringement of copyright in recordings of classical music issued through the company’s website.

Insurance Cover for Commercial Premises

Posted on 11/19/12 by Conybeare Solicitors
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A recent Court of Appeal decision reinforces the importance for businesses of having insurance cover for losses occasioned by fire on their premises. We provide a brief reminder of the rule in Rylands v Fletcher.

Automatic Pension Enrolment

Posted on 09/09/12 by Conybeare Solicitors
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The staging timetable for when employers in the UK must automatically enrol eligible jobholders in a pension scheme has been finalised. The new regulations, which comes into force on 1 October 2012, revise the current implementation timetable so that small employers will not be subject to auto-enrolment until June 2015 at the earliest. The revised timetable will benefit approximately 1.3 million small employers (covering around 4.75 million eligible individuals) whose staging dates will be delayed by at least 14 months.

Your business will be required to automatically enrol eligible “jobholders” in a pension scheme. A “jobholder” will include permanent, fixed-term and temporary employees, as well as agency workers.

This checklist highlights key issues for businesses.

London Olympics 2012

Posted on 06/15/12 by Conybeare Solicitors
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The London 2012 Olympic Games will be held between 27 July and 12 August 2012.

This checklist highlights some of the issues businesses may need to consider before the Olympics start.

Employee vs. Self-Employed: How to Check?

Posted on 05/10/12 by Conybeare Solicitors
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It is not uncommon for a business to sponsor students to advance their training, particularly where there is an expectation (or commitment) that the student will work for the company at the end of the course. An Employment Appeal Tribunal (EAT) decision has confirmed that these type of arrangements are unlikely to be considered to be contracts of employment if the primary purpose of the arrangement is training and education.

In this case, the EAT had to consider whether a contract to sponsor a former apprentice during a university degree was a contract of employment entitling him to claim unfair dismissal, or a contract which would not give him statutory employment rights. The EAT held that there was no dismissal when the sponsor refused him full-time employment following his withdrawal from the degree.

This checklist explains the significance of the distinction between an employee, a worker and a self-employed contractor. It also sets out the factors that will be considered by an employment tribunal when deciding whether an individual is an employee or self-employed.

Discrimination in the work place

Posted on 04/15/12 by Conybeare Solicitors
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An NHS Trust and three senior employees have been ordered to pay £4.5 million in compensation to a female obstetrician.

The obstetrician was subjected to harassment, criticism, false allegations and “a lengthy and wholly unauthorised period of suspension” before disciplinary proceedings began, culminating in her dismissal.

The award was made up of £1.1 million for loss of past and future earnings, £600,000 for loss of pension, damages for injury to feelings and exemplary damages against the Trust. It is thought to be the largest award in a UK discrimination case.

This checklist sets out the different types of discrimination that can occur within the workplace and highlights practical steps businesses can take to help avoid breaching discrimination and harassment law.

Break Clauses in Commercial Leases

Posted on 03/15/12 by Conybeare Solicitors
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A recent High Court decision will have implications for tenants who are considering exercising a break clause in an existing lease. The court held that a tenant owed default interest on late payments under a lease, even though the landlord had not issued any demand for default interest.

This checklist highlights the practical issues a tenant should consider before exercising a break clause.

VAT Returns Online

Posted on 03/15/12 by Conybeare Solicitors
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The government has confirmed that, subject to two exceptions, mandatory online filing of VAT returns will be extended from 1 April 2012. Currently, only businesses with an annual turnover of £100,000 or more must file VAT returns online. All VAT registered businesses will now need to file VAT returns online for VAT accounting periods beginning on or after 1 April 2012.