On March 21, 2022, Member States of the International Centre for Settlement of Investment Disputes (“ICSID”) approved a comprehensive set of amendments to the ICSID’s flagship rules for resolving disputes between foreign investors and their host States, after a five-year long process. This marks the fourth time the ICSID rules have been updated. Also, this is the most extensive review until now, as also explicitly acknowledged by the ICSID. The amendments will come into effect on July 1, 2022 and will apply to arbitrations commenced from that date onwards.
CMS Appoints Four New Partners and Two Equity Partners Across CEE
Following CMS's recent global promotion round, Nevena Radlova, Michal Andruszkiewicz, Cristina Popescu, and Olga Shenk were promoted to Partner, with Partners Gabriela Staber and Andrea Potz becoming Equity Partners.
Georgeta Gavriloiu and George Trantea Make Partner at Filip & Company
Former Counsels Georgeta Gavriloiu and George Trantea have been promoted to Partner at Filip & Company.
Landmark Decision by the Turkish Constitutional Court on Sales Transactions Between Spouses
The phrase "between husband and wife" in Article 278/3 of the Bankruptcy and Enforcement Code No. 2004 [“BEC”] was annulled by the Constitutional Court on March 22, 2022. The annulment will take effect 9 months after its publication, on December 22, 2022.
Confiscation of Russian Property in Ukraine
One of Ukraine’s legal responses to Russia’s full-scale aggression was a legislative initiative aimed to confiscate the property of the aggressor state. On 3 March, the Ukrainian Parliament put this initiative into practice by adopting the Law of Ukraine “On Basic Principles of Confiscation of Property Held in Ukraine by the Russian Federation and its Residents” (“Law”), and on 10 March, the Law was signed by the President.
Ancuta Pop and Siranus Hahamian Make Partner at Ijdelea & Associates
Ijdelea & Associates has promoted Ancuta Pop and Siranus Hahamian to Partner.
Ukraine v Russian Federation: ICJ Orders Russia to Cease Military Aggression in Ukraine
On March 16, the International Court of Justice (ICJ) delivered its order on Ukraine’s request for indication of provisional measures against Russia.