The long-running Carlyle case recently came to an end when the parties reached a non-confidential settlement. The case arose from the March 2008 collapse of Carlyle Capital Corporation Ltd, a Guernsey fund which invested mainly in residential mortgage-backed securities issued by US government-sponsored entities Fannie Mae and Freddie Mac. The case is of particular relevance now during the COVID-19 pandemic, which will likely lead to more fund collapses.
Changes are afoot for key industry sectors with complicated global supply chains.
According to President Biden, the COVID-19 pandemic has made clear, we can never again be in a position where we have to rely on a foreign country that doesn t share our interest in order to protect our people during a national emergency .
Thus, on 24 February 2021 Biden signed the long-awaited Executive Order (EO) on America s Supply Chains, which initiates a 100-day process of reviewing and assessing the strengths and weaknesses of supply chains across four key industries, including targeting specific products, and separate one-year reviews of certain other sectors.
Introduction
In Swedish IP litigation, claims for damages in cases of misappropriation of trade secrets are commonly coupled with claims for damages based on copyright infringement. Thus, litigation which combines trade secrets and copyright has become something of a trend in Sweden, and the question of how to apply the different provisions in the new Trade Secrets Act and the Copyright Act continues to vex the courts.
In its first judgment of 2021,(1) the Labour Court used a textbook case of misappropriation of trade secrets – where a previous employee had absconded with trade secrets and copyright-protected works that were subsequently used by his new competing venture – to clarify the method for calculating total damages under both legal regimes.
Introduction
Since 2018 companies have had an obligation to guarantee employees right to disconnect – that is, disengage from work-related electronic communications – in order to ensure that employees take daily and weekly rest periods and their annual leave.
While there are still many companies that have not implemented policies that guarantee this right to their employees, the first legal rulings tackling discrepancies in interpreting this right are beginning to emerge.
On 4 November 2020 the Madrid High Court of Justice clarified that employees right to disconnect does not prevent employers from requesting employees to provide services outside their usual working hours.
Facts
An employee was instructed to undertake a two-hour online training course in his own time without changing his monthly working shifts.
On 19 February 2021 the Ministry of Corporate Affairs brought much-awaited relief to purely debt-listed public and private companies by exempting them from the purview of listed companies (and associated compliances) under the Companies Act 2013 and the rules thereunder. This amendment comes into effect on 1 April 2021.
Amended definition of listed company
The following company categories have been excluded from the definition of listed company under the Companies Act 2013 through an amendment to the Companies (Specification of Definitions Details) Rules 2014:
public companies that have not listed their equity shares but have listed non-convertible debentures or non-convertible redeemable preference shares under an applicable law, on a private placement basis;