By Cerys Williams King & Wood Mallesons’ London office
Bonus discretion, or the lack of it, has been under judicial scrutiny again this month in the Court of Appeal decision of Brogden v Investec.
The case concerned the operation of a contractual bonus scheme with a set percentage of “EVA” (Economic Value Added) by a
By Scott Budd King & Wood Mallesons’Brisbane office.
The novation of a construction contract to new owners of works is commonplace. The result of a novation is that the original contract is discharged and a new contract is created. And commonly, such novations are effected through pro forma or standard form novation deeds which
By Lou Xianying (Cecilia), Fu Guangrui (Mark),Gong Wenyi, Liang Yixuan and Chen Yun (Robert) King & Wood Mallesons’ Shanghai office
O
n November 7th, 2016, China passed the Cyber Security Law (the “Cyber Security Law”) of the People’s Republic of China (“PRC” or “China”) after three readings of its drafts. The new law is
By King & Wood Mallesons
On 2 November 2016, advised by King & Wood Mallesons (“KWM”), GDS Holdings Limited (“GDS”, stock code: GDS) was successfully listed on Nasdaq. GDS’ initial public offering of 19.25 million American depositary shares (“ADS”) at US$10.00 per share raised US$192.5 million. Following 21Vianet Group and ChinaCache, this IPO marks another large-sized Chinese independent third-party operator of data centers listed in the US. If over-allotment option for purchases of additional ADS is exercised in full, GDS will raise a total of US$ 221.375 million.
Continue Reading King & Wood Mallesons Advised GDS on Its Listing on NASDAQ
By Jiang Ke and Yang Nan King & Wood Mallesons’ Commercial & Regulatory group
On 7 November 2016, the Cyber Security Law of the People’s Republic of China (“Cyber Security Law”) was approved by the Standing Committee of the National People’s Congress, after a year and a half and three drafts. The Cyber
By Sun Mingfei Yin Ji King & Wood Mallesons’ Dispute Resolutin group
1. World of Warcraft vs Everyone WarCraftThe Guangzhou IP Court recently delivered judgment in the “Everyone WarCraft” case. Blizzard and EaseNet had sued the producer of the game “Everyone WarCraft” for copyright infringement and unfair competition. The court ruled that “Everyone WarCraft:
By Sarah-Jane Van den Bergh, King & Wood Mallesons’ London office.
Uber’s business model could be under threat after a recent employment tribunal ruled that its drivers are “workers” not self-employed. Such worker status entitles Uber drivers to various rights and protections under employment legislation, including, amongst others.
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By Will Heath and Ann-Kathrin Goller. King & Wood Mallesons’ Melbourne office.
Two recent cases have confirmed important corporate governance rules relating to shareholder consent to directors’ conduct and shareholders’ rights to remove directors.
First, the Storm case demonstrates that the unanimous consent and involvement by a company’s shareholders in the misconduct of its directors
by Michael Swinson,Cheng Lim King & Wood Mallesons Melbourne, Australia
1. The Internet of Things (IoT) merges the physical and the digital worlds …
The IoT translates physical actions into digital reactions, and vice versa, by linking sensors on physical objects, via a communications network, to some centralised or distributed computing power. The
By Stephen Kon Christophe Humpe and Stephen Williams King and Wood Mallesons London
On Thursday 3 November, the High Court ruled against the Government and said that Parliament must vote on whether the UK begins the process of leaving the EU.
The High Court handed down its judgment in Miller (R) v Secretary of State
