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The Trademark Modernization Act of 2020 (“TMA”), signed into law on December 27, 2020, allows a trademark owner to more easily protect its trademark rights. Here’s what you need to know about the three (3) key provisions of the TMA. Formalizing the procedure for challenging a trademark application prior to publication: First, the TMA formalizes the letter or protest procedure and appears to expand the issues that may be raised. A third party, with no standing requirement, may submit evidence relevant to a ground of refusal of an application, such as likelihood of confusion or descriptiveness, to the Director of the [...]

The controversy surrounding the Government’s publication of the internal market bill on 9 September 2020 brings Brexit back into the spotlight with now less than 4 months to go until the end of the transition period – a timely reminder to businesses of the need to how their contracts may be affected by the United Kingdom’s exit from the European Union. While the outcome of the trade negotiations with the EU are still very uncertain it seems likely that the UK will be leaving the customs union and EU law will no longer have supremacy over domestic legislation. Departure from the [...]

The primary function of cash pooling is the optimization of cash management within a corporate group by balancing the accounts and allowing the use of surplus funds by all companies. Although it is growing in popularity across the globe, until today, in many jurisdictions cash pooling has received very little or no attention from lawmakers and it remains subject to a complex and incoherent regulatory landscape of civil, tax, banking and insolvency law. This is the case of both Poland and the Russian Federation, where a lack of specific regulation has led to legal uncertainties, which, however, have occurred in different [...]

Cornet Vincent Ségurel, our member from France, has published a SWIPE in connection with the impact of Covid-19 on M&A transactions. You can read the SWIPE on their LinkedIn page.    

Jack Santaniello* (Shumaker) has written an interesting article about franchising your business in the U.S. You can read the article by clicking on the link below. Franchising Your Business   *Jack Santaniello is a partner in the Corporate, M&A, Franchising and Distribution, and Intellectual Property practice groups in the Charlotte, North Carolina office of Shumaker, Loop & Kendrick.

Chambers and Partners has recently published the Real Estate 2020 Global Practice Guide. An article written by NKO Partners, our Serbian member, is featured in this guide. The article covers topics of sale and purchase, real estate finance, regulatory authorities, commercial leases, investment vehicles and taxation from Serbian jurisdiction perspective. Please click on the link below to read the full article: https://practiceguides.chambers.com/practice-guides/real-estate-2020/serbia

The long awaited economic measures aimed at mitigating the negative economic impact of COVID-19 pandemic are finally adopted by the Serbian Government on April 11. NKO Partners has published an overview of the state subsidies and financial program that is now available to the private sector. You can read the newsletter by clicking on the link below. Subsidies for private sector in Serbia

Here you can read an article our member Cerrahoğlu has published about the latest COVID-19 measures taken in Turkey and their effect on arbitral proceedings. COVID-19 Effect of the Measures on Arbitral Proceedings

Our US member Shumaker has written a practical article about the COVID-19 impact for manufacturing companies: Newsletter - Covid 19 Impact on Companies For the most up-to-date legal and legislative changes surrounding the current coronavirus crisis, please visit the Shumaker COVID-19 Client Resource Center

Cerrahoğlu, our Turkish member, has released newsletters to give an overall view on the administrative and legislative acts as well as the tax measures Turkey has taken due to the Covid-19 pandemic. You can read the newsletters below. Covid 19 latest measures in turkey Force Majeur Event Declared due to Coronavirus