GENERAL GUIDING PRINCIPLES: On 25th April 2023, a law came into force that reforms the Luxembourg New Civil Procedure Code in relation to arbitration (the “Law”). The Law aims to modernize and enhance the internal Luxembourg arbitration legal framework with a view to making Luxembourg a more attractive jurisdiction for international arbitration and relieving the [...]
RJ Gaito and Baker & Hostetler are representing a Luxembourg investor in an Energy Charter Treaty claim against the Republic of Slovenia before the International Centre for Settlement of Investment Disputes (ICSID). On behalf of our client Towra S.A.-SpF, we recently filed a request for arbitration against the Republic of Slovenia with the World [...]
OverviewThe EU formally acceded to the convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters in August 2022 (the “Convention”).The Convention will enter into force on 1 September 2023.To date, the Convention has been signed by Uruguay, Ukraine, Israel, Costa Rica, Russia, and the United States; only [...]
Luxembourg law firm RJ Gaito, Israeli tax law firm - Ben Ami, Bigon & Co (@Ben Ami, Bigon & Co) and Martin Hollywood (@Martin Hollywood) of PWC advised Solaer Renewable Energies Ltd (@Solaer renewable energy Ltd) on the implementation of their Luxembourg and international project finance platform.Following the implementation of the investment platform, RJ Gaito [...]
Highlights and Market OutlookThe Luxembourg law of 5 August 2005 on financial collateral arrangements (the “Law”) has served as a highly effective mechanism for structuring credit transactions and collateral arrangements that are primarily structured at the level of Luxembourg holding companies and their subsidiaries. The Law is perceived by the market to protect creditors rights [...]
In light of ongoing events across Russia and Ukraine, several Western countries including the US, the EU, the UK and Switzerland have imposed new sanctions on Russia and Belarus related businesses significantly extending existing sanctions and export controls. The current sanctions include restrictions on several Russian financial institutions, regional embargoes, blocking measures, sovereign debt [...]
Introduction: Article 37 of GDPR requires the appointment of a Data Protection Officer (“DPO”). The appointment of a DPO is a critical compliance requirement and recent decisions of the Luxembourg Data Protection Commission (a.k.a the “CNPD”) illustrate the implications of a failure to appoint a DPO, as well as the failure to adhere to GDPR’s [...]
The Business of Data - International data transfers Highlights: The Court of Justice of the European Union (CJEU) on July 16, 2020, delivered its latest judgment in Max Schrems’ case against Facebook Ireland Ltd. and Data Protection Commissioner (Ireland) (Max Schrems II). In a landmark decision, the CJEU struck down the European Union United States of [...]
Episode 41: All about the GDPR & PIPL EU has its General Data Protection Regulation (GDPR) since 2016 and China issued the draft Personal Information Protection Law (PIPL) - what do the 2 have in common? Which companies should take careful notice of this and how? In this episode I found my co-partner Zach Lichtblau in [...]
Ronnen Gaito is singled out by peers as a key name in Luxembourg's M&A marketBiographyRonnen J Gaito is the founder of the law firm of RJ Gaito (2011), and the Luxembourg chapter chair of the international section of the New York State Bar Association.Ronnen’s practice focuses on advising clients on private equity and venture capital [...]
