Energy efficiency continues to be a key consideration in Austria and there are various public subsidies to support projects. At the end of 2013 a new act on waste management entered into force which amended regulations on recycling and collection of waste. In this specialist field, we single out five practitioners.
The current crises in Eastern Europe could have an adverse risk on the Austrian economy if Russia cuts off oil and gas. At present, there is an increased focus on renewables to limit dependency on imported fossil fuels. We single out 11 lawyers in this chapter.
Tax law in Austria underwent several changes in 2014, including the abolishment of the 75 per cent loss utilisation threshold whereby losses carried forward could only be offset with 75 per cent of the profit of the current year. Furthermore, salaries paid after 28 February 2014 to employees and exceeding €500,000 per recipient and per fiscal year are no longer deductible for tax purposes. We identify 16 lawyers who are assisting clients in this transitional period as well as three expert witnesses.
We are pleased to introduce our guide to the energy legal marketplace, which lists an unprecedented 729 leading lawyers from 306 firms across 91 jurisdictions.
The crash of oil prices in late 2014 has been one of the biggest issues in the energy market of the last year, with all lawyers we spoke to in the oil and gas sector speculating on how long this dip in price will last, and what longer-term effects it might have on the market. Renewable and clean energy sources continue to be a growing area of interest, with traditionally oil and gas-focused jurisdictions diversifying. In the US shale oil and gas has had a big effect on the country’s energy market landscape, while in the Middle East a move towards renewable energies is being seen in the wake of a drop in export levels. With the sanctions imposed against Russia and Iran also hot topics, this year energy lawyers have had plenty to report on the trends in the market in which they specialise.
We are pleased to introduce our 2015 Labour & Employment edition, an exhaustive guide to the world's leading labour and employment lawyers, featuring 798 lawyers from 393 firms around the world. The top of the legal market is an interesting mix of global firms and boutiques. Seyfarth Shaw and Proskauer Rose are among the most established names in international labour and employment law, and both firms offer sector-leading expertise in the US and across Europe. Freshfields Bruckhaus Deringer is once again recognised for its strength in the European market. Specialist firms in the US are able to boast some of the finest names for management labour and employment expertise. Littler Mendelson, Ogletree Deakins Nash Smoak & Stewart and Morgan Lewis & Bockius are three of the very best in the US. Lewis Silkin maintains a leading position in the UK, while Belgian specialist firm Claeys & Engels is another standout firm in its domestic market. We have identified the most highly regarded individuals in Europe, North America, Latin America, the Middle East and Africa, and the Asia-Pacific region. We also recognise the leading UK barristers, with Blackstone Chambers continuing to perform impressively in our research.
With the pace of corporate work picking up, practitioners overall have a much more positive outlook on the employment market this year. While there are still significant amounts of restructuring and redundancy work available, they are once again being supplemented by transaction-related work such as team moves. According to our sources, there is “generally a greater sense of business optimism in a more sustained way” than in previous years and lawyers are anticipating a busy year ahead.
The 13th edition of Product Liability Defence is the authoritative guide on this legal market, based on over a decade of comprehensive international research. This year, our listings comprise a total of 468 practitioners from 238 firms in 33 countries. Shook Hardy & Bacon outstrips its rivals with a record number of listings across the US, followed by Chicago heavyweight Sidley Austin. Hogan Lovells’ expansion in this market continues to bear fruit as it boasts the most comprehensive global practice. Arnold & Porter has also developed one of the strongest networks, with market-leading practitioners on the west and east coast of the US, as well as in London. Litigation firms Gordon & Rees and Sedgwick also distinguish themselves in the US market, while King & Spalding has some of the very best names in the field. In this section, we also select the top 10 most highly regarded individuals both inside and outside the US.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.