CMS Ex­pert Guide to refugee im­mig­ra­tion and travel re­quire­ments
Eng­lish (дивиться текст українською нижче)With the aim of provid­ing a single source of in­form­a­tion for Ukrain­i­an refugees con­sid­er­ing where they now go, the CMS em­ploy­ment...
CMS Ex­pert Guide to In­ter­na­tion­al Ar­bit­ra­tion
We live in a con­nec­ted glob­al en­vir­on­ment where the num­ber and com­plex­ity of in­ter­na­tion­al trans­ac­tions is ever in­creas­ing.  As a con­sequence, the policies and activ­it­ies in one area of the world can...
CMS Ex­pert Guide to Cash pool­ing | 2022 up­date
Cash pool­ing ar­range­ments & agree­ments - 2022 up­date We are pleased to present an up­dated and ex­ten­ded ver­sion of CMS Ex­pert Guide to Cash Pool­ing.Cash pool­ing en­ables cor­por­ate groups to min­im­ise ex­pendit­ure in­curred in con­nec­tion with bank­ing fa­cil­it­ies through eco­nom­ies of scale. Cash pool­ing agree­ments must be care­fully struc­tured in or­der to min­im­ise the risks of civil or crim­in­al li­ab­il­ity of the par­ti­cip­at­ing group com­pan­ies and their of­ficers, and also take in­to ac­count the tax is­sues.Es­pe­cially in dif­fi­cult eco­nom­ic times like we are ex­per­i­en­cing now, with a mul­ti­tude of risks (raw ma­ter­i­al prices, dis­rup­ted sup­ply chains, to name but a few), the im­port­ance of ef­fi­cient cash man­age­ment is grow­ing. We see in­creas­ing de­mand on ex­pert­ise on cash pool­ing.In this con­text, this guide provides an over­view of the risks of civil and/or crim­in­al li­ab­il­ity as­so­ci­ated with cash pool­ing in mul­tiple jur­is­dic­tions in which CMS is rep­res­en­ted and dis­cusses the vari­ous means by which such li­ab­il­ity may be avoided.Please do get in touch if you have any ques­tions you would like to dis­cuss with our team.
CMS Private Equity Glob­al Bro­chure
Private equity in­vestors face daily pres­sures of ori­gin­a­tion, valu­ations, ex­e­cu­tion, per­form­ance, exit strategies, fund rais­ing and reg­u­la­tion. At CMS, our private equity strategy is de­signed around our...
CMS Ex­pert Guide on Bolar Pro­vi­sions
In­tro­duc­tion Bolar pro­vi­sions, named after the US law en­acted to over­turn a court rul­ing which had held that the USA did not provide for a re­search ex­emp­tion (see Roche Products, Inc. v. Bolar Phar­ma­ceut­ic­al...
Ukraine Lifts Cur­rency Con­trol Re­stric­tions on Im­port Op­er­a­tions
Since Rus­sia’s full-scale in­va­sion of Ukraine star­ted in Feb­ru­ary 2022, the Na­tion­al Bank of Ukraine (the “NBU”) has taken ur­gent and de­cis­ive meas­ures to sta­bil­ise the na­tion­al eco­nomy and pre­vent...
War prompts Ukraine to ad­opt new for­eign ex­change rate
On 21 Ju­ly 2022, the Na­tion­al Bank of Ukraine (NBU) in­tro­duced new changes to Res­ol­u­tion “On the Op­er­a­tion of the Bank­ing Sys­tem Un­der Mar­tial Law” No. 18 and took the long-awaited step of in­creas­ing...
CMS Life Sci­ences & Health­care Glob­al Bro­chure
With big deals fuel­ling re­cord levels of M&A activ­ity, a steady stream of in­nov­at­ive and dis­rupt­ive tech­no­lo­gies, new and in­creas­ingly com­plex reg­u­lat­ory chal­lenges and a thriv­ing start-up com­munity...
CMS In­ter­na­tion­al Dis­putes Di­gest - 2022 Sum­mer Edi­tion
Wel­come to the sum­mer edi­tion of the In­ter­na­tion­al Dis­putes Di­gest, a bi-an­nu­al pub­lic­a­tion that high­lights, ex­plores and ana­lyses the latest trends in the glob­al dis­pute-res­ol­u­tion sec­tor.Al­though the...
CMS re­cords year of strong growth in 2021
CMS, a lead­ing glob­al law firm, today an­nounces rev­en­ues for the fin­an­cial year Janu­ary-Decem­ber 2021 of EUR 1.746bn.The res­ults re­flect a pos­it­ive year for CMS, trans­lat­ing in­to year-on-year growth of...
CMS State Aid Group
CMS has a ded­ic­ated team of leg­al spe­cial­ists to ad­vise on State aid-re­lated mat­ters. Our State aid spe­cial­ist law­yers take a thor­ough ap­proach to leg­al de­tail and can also stand back and take a wider...
Leg­al is­sues in the meta­verse
In­tro­duc­tion to the meta­verse In re­cent months, ‘meta­verse’ has be­come a buzzword, fea­tured in nu­mer­ous art­icles and me­dia re­ports, and has even been re­ferred to as web 3.0, without a pre­cise defin­i­tion of what meta­verse is be­ing offered. However, the term is not new: it already ex­is­ted in the 1990s, and in the 2000s com­puter games be­came wide­spread, in which users could live a second life with their avatars, buy vir­tu­al ob­jects, ter­rit­or­ies and even ad­vert­ising space, in a vir­tu­al world built for this pur­pose. Block­chain tech­no­logy has giv­en a fur­ther boost to these de­vel­op­ments, mak­ing it pos­sible to add value to vir­tu­al goods through token­isa­tion and to link the world of cryp­tos to these vir­tu­al worlds, al­low­ing for real-time ex­change and man­age­ment of goods with real eco­nom­ic value. Leg­al is­sues in the meta­verse There are a vari­ety of leg­al is­sues con­cern­ing the meta­verse, es­pe­cially giv­en that it is a meet­ing point for mul­tiple tech­no­lo­gies, re­quir­ing or linked to serv­ers, host­ing, soft­ware, plat­forms, hard­ware and oth­er peri­pher­als (e.g. VR glasses and haptic gloves for sens­ing vir­tu­al ob­jects), con­tent, graph­ics, maps, build­ings, pho­tos, in­ter­faces, as well as block­chain for ac­quir­ing and re­gis­ter­ing token­ised vir­tu­al as­sets. This di­versity also raises a host of leg­al is­sues ran­ging from in­tel­lec­tu­al prop­erty rights to data pro­tec­tion and civil law.In this series of art­icles, we ex­plore the key is­sues con­cern­ing the meta­verse, in­clud­ing:Part 1: What is the meta­verse?Part 2: Trade­marks and copy­right, NFTs and civil law prin­ciples in meta­verseP­art 3: Data pro­tec­tion chal­lenges, the im­port­ance of cy­ber­se­cur­ity, ad­vert­ising reg­u­la­tion in meta­verseP­art 4: Ex­pec­ted im­pact of the EU Ar­ti­fi­cial In­tel­li­gence Reg­u­la­tion, the meta­verse as a work­place