Parallel running meaning

The long running Antrix-Devas Saga Deutsche Telekom AG (DT), a German firm, held shares in Devas Multimedia Pte Ltd (Devas), an Indian company. Devas concluded an agreement with Antrix Corporation Ltd (Antrix), a state-owned Indian entity, to lease space-segment capacity and to collaborate in building and operating satellites. When Antrix brought the agreement to an end, DT initiated arbitration against India, alleging breach of the India–Germany Bilateral Investment Treaty. In parallel, Devas sued Antrix, and other Devas shareholders pursued claims against India. DT secured a favourable arbitral award in its arbitration. India then asked the Swiss Federal Supreme Court (the Swiss court), the court at the seat of the arbitration, to set the award aside for want of jurisdiction; however, the Swiss court dismissed the application accordingly. Singapore proceedings Subsequently, DT sought, and was granted, leave to enforce the award in Singapore. India moved to have that leave order overturned by the court. Its principal basis for resisting enforcement before the Singapore courts was a lack of...

In this issue: Trade marks/passing off Patents Copyright General IP Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Trade marks/passing off Duties owed in fiduciary relationships and operation of section 10B of the Trade Marks Act 1994 (Quantum Advisory v Quantum Actuarial) Lord Justice Newey delivered a trade mark‑focused Court of Appeal decision arising from a complex series of disputes between Quantum Advisory Ltd (QuAd) and Quantum Actuarial LLP (QuAc), the pensions‑fund actuarial services provider to which QuAd, following a corporate reorganisation, had outsourced the running of its business under a Services Agreement. At first instance, His Honour Judge Keyser found that QuAc breached fiduciary obligations owed to QuAd by applying for three trade marks featuring the words ‘QUANTUM ADVISORY’ that properly belonged to QuAd, and he granted rectification of the register under section 10B of the Trade Marks Act 1994. He nonetheless considered that a...

A Introduction This paper explores whether running parallel schemes of arrangement is either required or desirable when implementing cross-border restructurings for companies incorporated in an offshore jurisdiction (namely the Cayman Islands, Bermuda or the British Virgin Islands (‘BVI’)) whose principal operations or assets, in substance, lie predominantly within an onshore jurisdiction (specifically Hong Kong or the People’s Republic of China). The issue emerges from certain obiter observations made by Deputy High Court Judge William Wong SC in Da Yu Financial Holdings Ltd [2019] HKCFI 2531 (not reported by LexisNexis®), a case that concerned parallel and inter-conditional schemes of arrangement advanced in both the Cayman Islands and in Hong Kong in respect of a Cayman-incorporated company whose principal place of business, and only significant asset, were situated in Hong Kong. While approving the Hong Kong scheme, Deputy Judge accepted the necessity of ‘ensuring that scheme creditors cannot derail the orderly working of the scheme by mounting hostile proceedings against the Company in its place of incorporation’....

On 4 January 2022, the National Security and Investment Act 2021 (NSI Act) brought in a compulsory foreign direct investment (FDI) notification framework in the UK for deals in specified sectors to safeguard national security. Running in parallel with the existing merger control system, it supplanted the former powers that allowed government intervention in merger reviews on national security grounds. The tracker below outlines the NSI Act’s journey through the parliamentary process. In particular, it charts the legislation’s movement through Parliament to its enactment, as well as later significant milestones and materials released once the NSI Act took effect. 2026 Date Stage Further reading 26/03/2026 The Cabinet Office issued a Memorandum of Understanding (MoU) with the CMA on how the NSI Act operates. This MoU replaces a June 2022 MoU between BEIS and the CMA • MoU published 12/03/2026 The Government releases its reply to its consultation on suggested updates to the Notifiable Acquisition Regulations, which define the parts of the economy requiring mandatory...

This Practice Note reviews the legal framework and institutional investor expectations on running fully virtual or hybrid general meetings and annual general meetings (AGMs), drawing together current practice and guidance. Demand from shareholders and other corporate stakeholders to conduct gatherings through electronic communication has risen markedly in recent years, reflecting shifting preferences and practical realities. That underlying shift was then sharply hastened by the coronavirus pandemic across the market. Holding electronic meetings—Companies Act 2006 Prior to the coronavirus crisis, a handful of FTSE 350 issuers had already trialled electronic formats, from streaming physical meetings online (webcasts) to hybrid arrangements allowing shareholders to take part in person or virtually, both options running in parallel. In 2016, Jimmy Choo plc staged the first fully virtual AGM, sparking extensive discussion about the fairness and efficacy of remote participation. For some companies and investors, hybrid or exclusively virtual meetings and AGMs are appealing because members may find access simpler in many instances, and because avoiding a large in-person event, or dispensing with...

When establishing a charity, the anticipated longevity of that body should be a key consideration when defining its aims and objects. If it is a short term endeavour (perhaps tied to a single event) this is less of an issue; however, for a long term venture it must be recognised that aims and objectives may evolve, or need to evolve, as time passes. Aims and objectives Before setting up the charity, certain points should be settled: what the charity will tangibly aim to deliver alongside this, who stands to benefit from the charity whether the actual work the 'charity' proposes is charitable under the legal definition what the pros and cons of charitable status are—some activity (notably political) may not be best pursued (or even permitted) through a charitable organisation New charities also confront the question of distinctiveness. There are many charities (over 160,000 registered by the Charity Commission as at 2012) and some overlap of aims and objects...