Online July 2013
DLA Piper has advised Lloyds Development Capital on its MBO of Angus Fire.
Health Alert — 1 July 2013 download
The 1 July 2013 issue of DLA Piper’s Health Alert publication is available now.
The Court of Venice has rejected an interim injunction complaint based on the alleged infringement of a 3D community trademark.
The Securities and Futures Commission has now commenced proceedings against Tiger Asia Management in the Market Misconduct Tribunal.
In Murray’s Transport NSW Pty Ltd v CGU Insurance Ltd, insurers successfully relied on an exclusion clause to avoid a third-party claim under section 51(1) of the Insurance Contracts Act 1984 (Cth).
The tax position should be agreed up front to avoid a (costly) dispute later.
The ‘Loi (1991) sur la copropriété des immeubles bâtis’ was enacted to enable units within buildings to be sold on a freehold basis instead of by share transfer.
Buying an apartment by ‘share transfer’ is very different to a freehold purchase and involves buying a block of shares in a company.
A holiday is good for your health download
A number of studies have extoled the virtues of the humble holiday, hailing its ability to reduce blood pressure, improve sleep and recover from (or avoid) stress. It is difficult to deny that holiday is important for both employers and employees.
Mills & Reeve has released a round-up of some recent litigation cases.
A wind of change in Hungarian pharmaceutical regulations — a welcome breeze of fresh air or an unpleasant gale? download
On 8 July 2013, a new Hungarian law entered into force affecting the pharmaceutical sector.
On 11 July 2013, the ABI published its report ‘Encouraging Equity Investment’ following a review of the processes for IPOs and secondary offerings.
The Obama administration has announced a one-year delay in the so-called ‘employer mandate’ under the Affordable Care Act (ACA).
On 28 June 2013 the Dutch government decided to re-introduce the possibility for accelerated depreciation for the remainder of 2013.
Addleshaw Goddard’s commercial and corporate teams have advised Sainsbury’s on the creation of Mobile by Sainsbury’s.
Addleshaw Goddard has been appointed to nine of the 15 specialist lots in the APUC National Legal Services Framework Agreement.
Aereo v Aereokiller: New York and California district courts disagree on what constitutes a public performance under the Copyright Act download
It is not too surprising that in struggling to apply ‘old laws’ to ‘new technologies’, courts sometimes reach contrary conclusions.
The Alternative Investment Fund Managers Directive (AIFMD) is now law in the UK.
AIFM Toolbox — July 2013 download
The AIFM toolbox aims to provide reader-friendly access to the EU legislation relating to AIFMD.
AIFMD update — Bermuda download
The Bermuda Monetary Authority has entered into co-operation arrangements with securities regulators from 26 EU member states.
The Financial Services Commission of the BVI has entered into co-operation arrangements with the securities regulators of 25 European countries.
AIFMD update — Cayman Islands download
The Cayman Islands Monetary Authority has entered into co-operation arrangements with the securities regulators of 25 European countries.
In November 2012, Theresa May launched a 10-week consultation on implementing a minimum price of 45p per unit of alcohol and banning multi-purchase deals.
The end of this month sees further changes to employment law and the tribunal process, which will be relevant to all charities that have employees.
Every now and then, a case comes along that shatters perceived wisdom and established practice. The Woolworths case is one of those cases.
Australia’s financial regulators have released their recommendation that clearing of certain OTC derivatives be required as a matter of Australian law.
The Court of Appeal has confirmed that an ‘all monies’ guarantee will be enforceable against the guarantor where the underlying contracts between the beneficiary and the principal debtor are amended or extended.
Allen & Overy is advising BTMU on its VTO for commercial bank Krungsri.
Allen & Overy is advising the Dai-ichi Life Insurance Company on its IDR3.3tn acquisition of a 40 per cent stake in PT Panin Life of Indonesia.
Allen & Overy has advised HB Reavis Group on the sale of Apollo Business Center IV, a Class A office complex in Bratislava, to Ceská pojištovna.
Allen & Overy is advising HC Starck on its joint venture with Nui Phao Mining Company, a subsidiary of Masan Group Corporation.
Allen & Overy advises quirin bank as lead manager in connection with issuance of notes by German Pellets
Allen & Overy has advised quirin bank as lead manager in connection with the issuance of €50,000,000 non-secured 7.25 per cent fixed rate notes by German Pellets.
Allen & Overy has advised Social Ventures Australia on an AUD7m social benefit bond issuance for the funding of the UnitingCare Burnside Newpin Program.
Allen & Overy has announced its financial results for the year ending 30 April 2013.
Allen & Overy corporate partner Seth Jones will be seconded to the Takeover Panel as secretary for two years with effect from 2 September 2013.
Allen & Overy Luxembourg, in co-operation with Allen & Overy Beijing, has assisted China Construction Bank (CCB) to set foot in Luxembourg.
A recent seminar jointly held by Allen & Overy and the Journal of Regulation focused on bank recapitalisation and state aid.
A case in May 2013 considered whether an arbitrator had provided adequate reasons for his award in the context of a challenge under section 68 of the Arbitration Act 1996, relating to a claim pursuant to the Agricultural Holdings Act 1986.
Addleshaw Goddard has accelerated its investment in its London energy offering with two new partner appointments.
Hearsay evidence is a statement, made otherwise than by a witness giving his own personal account, which is relied upon in court to prove the truth of the matters stated.
The Employment Appeal Tribunal has re-written an act of parliament to make it compliant with European law and increased the scope of the duty to consult with unions or employee representatives in a redundancy situation.
We advise on all aspects of antitrust and competition law.
Last week, Apple was found by a court in the Southern District of New York to have engaged in a per se illegal horizontal price-fixing conspiracy with five of the six top national book publishers to raise the price of e-books.
Appleby acts as Cayman counsel for Ji Cai Holdings in relation to listing on Hong Kong Stock Exchange
Appleby has acted as Cayman Islands counsel for Ji Cai Holdings Ltd.
Appleby has acted as Cayman Islands counsel for China Aluminum Cans Holdings Ltd in relation to its listing on the Main Board of the Hong Kong Stock Exchange.
Appleby has acted as Cayman Islands and BVI counsel on the listing of New Century REIT on the Hong Kong Stock Exchange.
Appleby has advised Rex International Holding Ltd on its listing on the Catalist on the Singapore Exchange Securities Trading Ltd.
Appleby has announced an appointment and a promotion within its Cayman funds and investment services team.
Internationally, the US FATCA, Basel III, and anti-money laundering legislation remain of central concern to financial institutions in Asia.
DLA Piper has released the July 2013 edition of its Asia: Corporate newsletter.
ASIC releases new financial requirements for custodians, responsible entities and IDPS operators download
ASIC has introduced new financial requirements for custodians, responsible entities and IDPS operators.
ASX proposes updates to their corporate governance principles and recommendations, and listing rules download
ASX last week released two consultation papers in relation to its corporate governance regime. The first outlines proposed updates to the ASX Corporate Governance Principles & Recommendations.
A Federal Court decision demonstrates the balancing act an employer faces when disciplining an employee for misconduct where the employee has raised safety concerns.
The National Infrastructure Plan for 2013 suggests that the private sector can and should have a bigger role in funding infrastructure.
The AIFMD is due to come into force on 22 July 2013 and introduce new requirements for marketing funds to investors in the EU.
Authorisation requirements of Luxembourg investment advisers to Luxembourg funds (i.e. SIFs, UCITS, etc.) download
Advisers to collective investment funds are henceforth included in the scope of application of the 1993 financial services legislation and must hold an investment adviser authorisation issued by the Finance Ministry, the CSSF has announced, following the entry into force of the law of 21 December 2012.
Outer Temple Chambers’ banking and business practice has a growing reputation as a strong and reliable source of commercial advice.
Chevalier & Sciales represents investors, lenders and borrowers for the negotiation of cross-border financing transactions and for the enforcement of their rights under financing and surety agreements, and helps them to comply with increasingly complex regulatory issues.
Our experts have many years of experience in all areas of supervisory law. We focus on loans and syndicated loans, acquisition finance, real estate finance, project financing and public-private partnerships, securitisation transactions and factoring and more.
According to figures published by HMRC, 225 banks in the UK have ‘voluntarily’ adopted the Code of Practice on Taxation for Banks.
Bermuda Shipping News — July 2013 download
Bermuda-registered vessels will not be ’targeted’ for inspection by the US Coast Guard’s Port State Control Authorities going forward.
Bermuda has a sterling reputation as a leading offshore jurisdiction in which to develop trust and wealth structures for both local and overseas persons.
Big changes to employment law download
Employers and their human-resources advisers face constant difficulties in trying to avoid potential pitfalls posed by current employment and discrimination law.
Big Data has been dubbed by many as the ‘new economic asset’ of our age and of potentially significant value to business.
Binder Grösswang and HBA attorneys have acted as legal counsels in relation to the formation of a joint venture regarding BSTG, Drahtwaren Produktions und Handels.
Brazil’s Senate has passed a piece of legislation that is expected to drastically change the way local and foreign companies do business in Brazil.
The Limitation Act 1980 provides that a claim for breach of contract must be made within six years from the date of such breach.
A recent opinion by Lord Hodge in the Court of Session has clarified an administrator’s powers and duties in cases where they wish to bring an administration to an end.
The latest developments in the ongoing dispute between technology company Aereo and broadcasters.
Whether you are a long-established business, an entrepreneur or investor looking for the next opportunity, or just starting up, our expert team is here to help.
The court has endorsed the view that any unregistered lease of more than five years is ‘destroyed’ upon the new owner becoming the registered proprietor of the land.
Ogier has published a list of continuing obligations faced by private and professional investment funds in the British Virgin Islands.
Certain stations may be eligible to file royalty claims for compensation with the US Copyright Royalty Board. These filings are due by 31 July 2013.
On 27 June, governor Jerry Brown signed SB 73 into law as part of the state budget package. The bill established a Clean Energy Job Creation Fund.
In this context the law ignores the ownership of the water and concentrates entirely on the ownership of the land and the rights existing over it.
The case of Hamid v Francis Bradshaw Partnership has highlighted the importance of ensuring that the identity of the parties to a contract are clear.
The Cape Town Convention Bills have received Royal Assent.
The capital market practice of Binder Grösswang is based on the specialisation and many years of experience of its team members, as well as their ability to be able to implement pragmatic solutions professionally even under great time pressure.
Capital Markets newsletter download
Hogan Lovells has released the latest edition of its Capital Markets newsletter.
Lloyds List has shortlisted Ince & Co’s Capt Faz Peermohamed for its Global Maritime Lawyer of the Year Award.
An employee in was off work because of illness from July 2010 to June 2011, when he resigned. He claimed payment for accrued but untaken holiday entitlement during 2010 and pro rata for 2011.
Case law update: employment tribunal finds that setting a compulsory retirement age is not age discriminatory in certain circumstances download
An employment tribunal has delivered its judgment in the long-running age discrimination case of Seldon v Clarkson Wright and Jakes.
The Deputy Pensions Ombudsman has held that the trustees of a pension scheme should pay £1,400 as compensation.
On 9 May 2013, the Supreme Court published its judgment in the combined cases of Pitt v HMRC and Futter v HMRC.
Case law update: Wheels Common Investment Fund Trustees Ltd and Ors v Commissioners for Her Majesty's Revenue and Customs download
As ordinary consumers, we expect to pay value-added tax (VAT) on goods and services as part of our day-to-day life, but do you expect it on pensions?
This case is notable for the possibly ‘softer’ than usual approach taken by the Ombudsman in relation to it.
CBP publishes final rule to refuse importation or conditionally release consumer products and industrial equipment noncompliant with energy conservation or labelling standards download
On 5 July 2013, US Customs and Border Protection (CBP) published a final rule that amends the CBP regulations.
The CFTC has approved a final interpretive guidance and policy statement regarding compliance with certain swap regulations.
The CIVC has obtained the registration of the word ‘Champagne’ and of its Chinese transliteration as a geographical indication in the People’s Republic of China.
Part 3 of the Mental Health (Discrimination) Act 2013 alters the model articles of private and public companies.
Closed-end funds that satisfy prescribed criteria are now classified as collective investment schemes.
Changing the balance of protection for non-professional investors — the SFC’s proposals with regard to client agreements download
In October 2012, the SFC published a report that considered the appropriateness of the use of so-called ‘exclusion’ clauses in client investment agreements.
Charities must take care with not only advertising in paid for space and sales promotions but also on websites, other digital sites, applications and social networking sites.
The Court of Appeal has clarified that if on a joint purchase one of the buyers is a charity but the other is not, relief is available to the charity on the acquisition of their interest.
Peel Land and Property (Ports No.3) Ltd v Sheerness Steel Ltd considers the classification of chattels and fixtures.
The Chinese insurance regulator has established rules for investing insurance funds in financial derivatives.
The advocate general says search engine service providers are intermediaries, rather than data controllers, in respect of personal data they process on third-party web pages.
With business liquidations and administrations down in the first quarter (Q1) of 2013, what will be the likely effect on claims against insolvency practitioners?
Class Action — Q2 2013 download
In this issue of Class Action King & Wood Mallesons reports on recent judgments and happenings of note in the class action space.
We offer specialist advice and advocacy to both claimants and defendants in all aspects of clinical negligence claims and a wide range of healthcare issues.
A report from Appleby focuses on CLO activity for 2013.
Cloud security remains a key concern for SMEs and is still often cited as a chief impediment to moving to the cloud.
This month, the Coalition released the Coalition’s Policy to Boost Productivity and Reduce Regulation.
Some local authorities may have been concerned by the decision of Mrs Justice Slade in AC v Devon County Council.
The first fundamental changes to coronial procedures in our lifetime come into force on 25 July 2013.
Outer Temple Chambers has a long-established reputation in commercial fraud.
On 18 June, the government published an action plan to prevent the misuse of companies and legal arrangements.
The purpose of this investment memorandum is to provide an overview of the investment vehicles that Luxembourg offers to (foreign) entrepreneurs and managers.
We represent our clients before Austrian and EU authorities and in cross-border cases we work with high-level foreign partner law firms within the framework of our international network.
We have a strong and well-regarded practice in all aspects of competition, antitrust, unfair competition and state aid.
Competition Commission announces investigation into payday lending industry and invites responses from interested parties
The Competition Commission has confirmed that it is set to carry out an investigation into the market for payday lending in the UK.
Joint venture structures are frequently used to undertake large resources projects. A joint venture may be used to both develop a project and sell the output from a project.
Nabarro has released its Compliance Clarified publication for June 2013.
A recent case has highlighted the problems that can arise when a complex set of finance documents recording the respective rights and priorities of a group of lenders is amended.
Consent payment or solicitation payments have become a relatively common way in which debtors undergoing a restructuring can incentivise bondholders to vote in favour of the restructuring.
Considering the level of cost awards that should be made against claimants with limited means download
In Vaughan v London Borough of Lewisham and others, the Employment Appeals Tribunal (EAT) held that an employment tribunal could make a costs award that the paying party, in this case the Claimant, could not afford.
In December 2012, the government published its long-awaited policy statement on the future of the private finance initiative.
Consumer Rights Bill published download
The government has published its long-awaited draft Consumer Rights Bill.
In this case, the Victorian Supreme Court looked at the rules of abandonment of contracts and when a clause will be a penalty clause.
Contract law update: Gold and Copper Resources Pty Ltd v Newcrest Operations Ltd  NSWSC 281 download
In this case, the NSW Supreme Court considered whether an equitable duty of confidence could sit alongside written confidentiality agreement, so as to make available equitable remedies (such as an account of profits) that would not be available for a contractual breach of confidence.
This decision of the Western Australian Supreme Court of Appeal sheds light on the circumstances in which an exclusion clause will be incorporated into an oral contract as a result of a prior course of dealing.
This case concerns the calculation of contractual damages in respect of defective goods. It deals with a situation where there was no clear purchase price for the defective goods and the purchaser had, in any case, been able to fully recoup the cost of acquiring replacement goods.
In this decision, the New South Wales Court of Appeal considered the principles relating to the construction and interpretation of contracts, specifically whether recourse may be had to prior proposals and negotiations in interpreting a contract.
The Control of Housing & Work (Jersey) Law 2012, which has been in discussion for many years, came into force on 1 July 2013.
The Town and Country Planning (General Permitted Development) (Amendment) Order 2013 has brought in various new permitted development rights.
Conyers Dill & Pearman has acted as Cayman Islands counsel to Stryker Corporation.
Conyers Dill & Pearman has advised Aircastle on its issuance to Marubeni Corporation of 12,320,000 common shares of Aircastle.
Anna Chong from Conyers Dill & Pearman has advised Real Estate Lyra on the establishment of a $2bn medium-term note programme.
Conyers Dill & Pearman has advised Kosmos Energy Ltd in connection with a $150m multicurrency revolving credit facility agreement.
Conyers Dill & Pearman has advised Luxoft Holding on its initial public offering (IPO) on the New York Stock Exchange.
Conyers has advised Mohamed Al-Fayed on the Bermuda law aspects of the sale of Fulham Football Club.
Conyers Dill & Pearman has acted as Cayman counsel on the $688m privatisation of 7 Days Group Holdings by way of merger.
Conyers has advised Barcardi Ltd on a €650m notes offering.
Conyers Dill & Pearman has provided British Virgin Islands legal advice on the issue of guaranteed bonds by Huaneng Hong Kong Capital.
Conyers’ London and Bermuda teams have advised the Randall & Quilter Group as to Bermuda law on its corporate restructuring.
Conyers Dill & Pearman has advised Star Energy Geothermal on the issue of $350m senior secured notes.
We are recognised for our vast corporate and commercial expertise.
From formation and financing to acquisition and divestiture, organisations at every stage of growth look to Pillsbury’s corporate and transactional lawyers for guidance.
Chevalier & Sciales corporate and tax practice offers a full range of services for our clients’ transactional and business needs.
The draft bill will reduce the regulatory burden on the notification requirements that apply when an auditor resigns, is removed from office or is not reappointed.
Corporate governance round-up download
There have been a number of corporate governance developments since Hogan Lovells’ last newsletter.
Corporate lawyers from Walker Morris have advised AIM-quoted Avacta Group on its equity placing to raise £4.7m.
Companies are increasingly using social media to communicate and connect with consumers, employees, recruits, business partners, investors and other constituents.
National and cross-border corporate mergers and acquisitions constitute a significant focus of work at Binder Grösswang. The majority of our lawyers are engaged in this key area.
The Jackson reforms aim to streamline the civil litigation process and to promote proportionality and efficiency in the resolution of disputes.
The Federal Court of Australia recently considered whether head owners could be liable to disponent owners for conversion or detinue as a result of retaining bunkers on board the vessel after lawful withdrawal from the head charter.
The Tax Authority recently audited the Turkish subsidiaries of several multinational pharmaceutical companies to review five years’ worth of their accounts.
The much-anticipated judgment in Nortel Companies and others, Re  UKSC 52 (24 July 2013) was delivered by the Supreme Court on 24 July.
The Court of Appeal has overturned a High Court decision where the court refused to make an administration order in relation to a Jersey registered company with assets in the UK.
Lord Justices Beatson, Rimer and Floyd have made a unanimous decision that is important for all individuals whose assets are subject to a freezing order.
In 2006, a professor bought a house with assistance from the college that employed him. This was a ‘shared equity’ scheme that Mills & Reeve helped to pioneer.
Outer Temple Chambers offers expertise in welfare, deprivation of liberty and property and finance cases in this fast-developing field of work.
Insurers and insureds do not bear the risk of a contractor becoming insolvent when undertaking insured repair work.
The question of how investors make their investment decisions has been at the forefront of the regulator’s attention for a number of years.
Over the past few years, the European Commission has been investigating perceived anti-competitive practices in the pharmaceuticals sector.
A team from Nabarro has guided UK Coal through a second restructuring following a fire at Daw Mill.
This judgment considers the law on the Sale of Goods Act implied terms of right to sell and quiet possession and the law on force majeure.
The court’s reasons in Ensham Resources v Aioi Insurance Company are now, arguably, the leading decision on the issue of privilege and loss adjuster’s reports.
CSSF announces transitional measures for Luxembourg managers and funds under AIFM Directive download
The CSSF has published a series of FAQs to provide managers with greater clarity on the impact of AIFMD.
Luxembourg’s financial regulator has published practical guidance for alternative fund managers becoming registered or authorised under the Alternative Investment Fund Managers Directive.
Design contributes heavily to the UK economy. Despite this, design rights are among the most neglected of IP rights.
Welcome to the July edition of Stephenson Harwood’s Data Protection Update, a monthly bulletin on key developments in data protection law.
DLA Piper has announced that David Durham has joined the firm’s employment practice as a partner in the San Francisco office.
DC District Court applies Christian Doctrine, upholds hospitals as subcontractors subject to OFCCP anti-discrimination provisions download
The DC District Court has upheld a ruling by the US Department of Labor’s ARB deeming three Pennsylvania hospitals’ government subcontractors subject to the OFCCP’s jurisdiction.
DECC has released detailed design proposals for the Capacity Market together with a ‘strawman’ of the Capacity Market design.
Deemed service of a letter of demand download
Where the intended recipient of a letter of demand denies receipt in fact, but it can be shown that its service complied with the relevant loan document, the letter of demand will be treated as served.
We defend thousands of personal injury claims for insurers every year.
US-style deferred prosecution agreements are due to be introduced into the UK early next year.
A decision by the Delaware Court of Chancery is the first step towards the elimination of stockholder suits filed in two or more jurisdictions concerning the same issues.
In essence, this is the principle that a company has a separate legal personality from its members.
The Personal Liability for Corporate Fault Reform Act 2012 (Cth) commenced on 11 December 2012.
The provisions in the Companies Act 2006 relating to directors’ conflicts of interests and their disclosure came into force on 1 October 2008.
The purpose of this note is to give new directors of UK companies an introduction to the main duties that they owe to their company under the Companies Act 2006.
This article looks at the changes made since the last version of the Directors’ Remuneration Regulations was published in March.
A court has considered whether NSW legislation that creates a statutory charge over insurance moneys in favour of third-party claimants applies to advancement of defence costs under a D&O policy.
Outer Temple Chambers is a leading set in the field of disciplinary and regulatory work noted in the legal directories as a first-tier set and is the current Chambers and Partners Disciplinary Set of the year 2013.
There may be occasions when employers have to take disciplinary action against employees in their absence, but this carries legal risks.
Discovery by a different name? Data subject access requests from a post-employment perspective download
Subject access reqests can be particularly useful where the information the employee requires is not available through traditional disclosure.
Discrimination at work — part three: protected characteristics and the perception-reality gap download
This report examines employees’ knowledge or perception of which characteristics are protected by anti-discrimination laws in the workplace.
The Court of Appeal has somewhat reluctantly held in Black & Anor v Wilkinson  EWCA Civ 820 that refusing to allow an unmarried gay couple to stay in a double room at a bed and breakfast is direct discrimination.
Not for the first time the fashion industry is under fire for its recruitment policies. Could requiring staff to have a certain ‘look’ be the next form of discrimination?
The EAT has considered whether a dismissal was fair in circumstances where the dismissal was necessary because a third party had refused to allow the employee to work for it.
Our focus is on representation before courts and arbitration courts, enforcement of rulings, recovery of assets, alternative dispute resolution, intra-company investigations and defence of class actions.
A recent judgment in the Scottish Court of Session has underlined the need for divorced or separated couples to ensure that their interests are adequately protected.
DLA Piper has advised power and automation technology group ABB on its acquisition of Dynamotive.
DLA Piper Weiss-Tessbach has advised Columbus McKinnon on the acquisition of Hebetechnik Gesellschaft.
DLA Piper has advised Leeds County Council on the close of its social-housing regeneration project for areas to the north and south of Leeds city centre.
DLA Piper has advised National Grid on the sale of approximately 95 acres of land near Ebbsfleet Green, north Kent, to Redrow Homes.
DLA Piper has advised Naylor Industries on two recent acquisition transactions.
DLA Piper has advised NH Hoteles on the sale of Grand Hotel Krasnapolsky in Amsterdam to AXA Real Estate.
DLA Piper has announced its involvement in the acquisition of Nicole Farhi by Maxine Hargreaves-Adams.
DLA Piper has advised on the £264m Step Change agreement, which is intended to deliver improvements in broadband services for Scotland.
DLA Piper has advised an infrastructure investment fund managed by BTG Pactual on the central ‘take or pay’ contract that is part of the acquisition of the Globenet submarine cable network.
DLA Piper has advised Syngenta on the acquisition of MRI.
DLA Piper and partner Philip Zeidman were honoured during Appleseed’s 20th anniversary gala for their part in the creation of the organisation.
DLA Piper in Ukraine has been highly ranked in a number of sectors by legal magazine Gvardia.
DLA Piper’s Raj Shah has been named to The National Law Journal’s ‘Chicago’s 40 Under 40’ list
DLA Piper has partnered with Corporate Pro Bono and the ACC to host a Clinic in a Box programme at its Chicago office.
DLA Piper has represented WP Carey, a publicly traded REIT, in a merger with CPA:16, its publicly held non-traded REIT affiliate.
DLA Piper has signed a letter of intent with Hines Interests to relocate its Chicago office from 203N LaSalle to River Point.
DLA Piper recently held its inaugural European Restructuring Summit in London.
DLA Piper is taking part in Business Birmingham initiative Business Catalyst.
DLA Piper has announced that Paul A Tiburzi, managing partner of the firm’s Baltimore office and chair of the State Legislative and Public Policy practice, has been selected to receive the ’2013 Most Admired CEO Award’ by The Daily Record.
DLA Piper wins the M&A Advisor Healthcare/Life Sciences Deal of the Year (under $250m) award.
Anthony Ashton, a partner in the DLA Piper’s Baltimore office, has been recognised by the NAACP with the Champions of Justice award.
DLA Piper’s non-profit affiliate New Perimeter will receive a lifetime achievement Global Citizenship Award as part of The American Lawyer’s Global Legal Awards..
DLA Piper has announced that its restructuring practice received top honours at the 2013 Turnaround Atlas Awards. The firm was recognised in three categories.
Texas recently became the 47th state to adopt a version of the Uniform Trade Secrets Act.
In a recent case the EAT has decided that the Equality Act does cover post-employment victimisation.
Hogan Lovells presents the first edition of its joint publication with Jakarta-based Hermawan Juniarto, entitled Doing Business in Indonesia.
The US Supreme Court has ruled that the federal Defense of Marriage Act (DOMA) is unconstitutional.
The DECC intends to expand the RHI to homeowners, private and social landlords, third-party owners of heating systems and people who build their own homes.
The Serious Organised Crime Agency has recently uncovered a series of scams, which see not-for-profit organisations used as conduits for money laundering activities.
Duty on service providers not to discriminate did not require restaurant to allow takeaways download
Edwards v Flamingo Land Ltd is a Court of Appeal case on the duty on service providers not to discriminate on the grounds of a customer’s disability. The case was brought under the Disability Discrimination Act but the law is the same under the Equality Act.
The Employment Appeal Tribunal (EAT) recently clarified its position on workplace victimisation and dismissal in Woodhouse v West North West Homes Leeds Ltd.
EAT decision: workers have free choice of companions at disciplinary and grievance meetings download
A recent Employment Appeal Tribunal (EAT) demonstrates the latitude that employers must give workers in choosing companions to accompany them at disciplinary and grievance meetings.
Sood Enterprises v Healy: Mr Healy had been on sick leave from June 2010 to July 2011 when he resigned due to ill health. He claimed payment in lieu of accrued, but untaken holiday during 2010 and 2011..
EAT removes the concept of 'establishment' from the law on collective redundancy consultation download
The EAT has decided that the words ‘at one establishment’ are to be deleted from section 188 of the Trade Union and Labour Relations (Consolidation) Act 1992.
The CFTC and the EC have announced a high-level joint understanding regarding the approach to the cross-border regulation of OTC derivatives.
The ECJ has made a preliminary ruling that a sale of shares on their own cannot be a transfer of a going concern.
The ECJ has ruled that UK courts must adopt a ‘static’ rather than ‘dynamic’ approach to collectively agreed terms on a TUPE transfer.
This article considers some of the key legal considerations online e-commerce businesses should plan for when setting up in the UK.
Our experience in this field covers legal aspects relating to the entire range of telecommunication services and technology.
Employee emails and the workplace download
In this article, Taylor Wessing discusses the tools open to employers seeking to manage internal and external employee interaction.
The Fair Work Commission has found that an employer’s unreasonable refusal of an employee’s request to work part time after a period of parental leave constituted constructive dismissal.
The English Court of Appeal recently handed down its judgment in Telford Homes (Creekside) Ltd v Ampurius Nu Homes Holdings Ltd.
Pillsbury’s Employment Practice assists employers ranging in size from emerging growth companies to multinational corporations.
Whether privacy will be breached by the employer in gathering evidence with an aim of dismissing the employee will depend on the facts.
Our Employment and Discrimination workgroup continues to reinforce its reputation as a major player in employment and discrimination with the recruitment of Daniel Barnett at the beginning of 2011 and Andrew Short QC’s Silk appointment in 2010.
We advise on the full range of employment matters.
The July 2013 issue of Walker Morris’s Employment Briefing is available now.
Employment and labour law issues increasingly constitute an important field of work for Binder Grösswang. We offer comprehensive advice to national and international clients with regard to all aspects of labour and employment law.
Employment News — 15 July 2013 download
The 15 July 2013 issue of Hogan Lovells’ Employment News is available now.
Employment News — 8 July 2013 download
The 8 July 2013 issue of Hogan Lovells’ Employment News covers collective redundancies, misconduct investigations and constructive dismissal.
Seldon may have lost his age discrimination fight, but a lasting legal legacy remains.
Pillsbury has advised on precedent-setting energy industry deals and projects in 75 countries worldwide.
We act for clients involved in power generation and transmission, gas transportation, electric and gas marketing, oil and gas exploration, production and refining, as well as for municipal interests, trade associations, and for-profit and not-for-profit organisations.
The Serbian Ministry of Energy has finally adopted the official model PPA and preliminary PPA.
The Department of Energy and Climate Change is currently consulting on proposals for a new Energy Savings Opportunity Scheme.
In London Borough of Islington v Elliot and Morris  EWCA Civ 56, the Court of Appeal reviewed the principles that apply when considering the power of a court under English law to grant injunctions before damage has taken place. These are known as quia timet (‘because he fears’) injunctions.
The Trade Descriptions (Unfair Trade Practices) (Amendment) Ordinance 2012 came into law in Hong Kong on 19 July 2013.
Environmental law straddles several of the key areas in which Chambers is already recognised as a leading set.
We provide legal services in relation to a broad array of environmental matters.
ESMA has consulted on the reporting regulations in the AIFM Directive.
The European Securities and Markets Authority (ESMA) published on 24 May its final report on guidelines for key concepts under the AIFMD.
On 11 July 2013, ESMA released an updated version of its Q&A on the guidelines on ETFs and other UCITs issues…
The European Securities and Markets Authority has approved co-operation arrangements between EU securities regulators.
European Court chooses ‘static’ approach to effect of TUPE on collectively agreed pay terms download
In Alemo-Herron v Parkwood Leisure Limited the claimants’ contracts provided that their terms and conditions were ‘in accordance with collective agreements negotiated from time to time’.
Exchange (DLA Piper Financial Services International Regulatory team): Issue 19 — July 2013 download
DLA Piper’s Financial Services International Regulatory team has released the 19th edition of Exchange — International.
The government is making available £20m of funding for ‘innovative and ambitious’ Green Deal projects put forward by local authorities.
In the 2005 case of Joseph Taylor v Lancashire County Council, the tenant pointed to the different procedures for dealing with various kinds of breach of tenancy.
The US government has postponed the commencement of 30 per cent withholding on payments of US source income under the FATCA until 1 July 2014.
The FCA has published its final rules implementing the Alternative Investment Fund Managers Directive (AIFMD).
Federal court decision underscores importance of thoughtfully crafting government contractor teaming agreements download
The US District Court for the Eastern District of Virginia recently held that a teaming agreement that amounted to an ‘agreement to agree’ was not an enforceable contract under Virginia law.
The Fair Work Amendment Bill 2013 has now passed the Senate. The bill introduces a number of amendments to the Fair Work Act 2009 (Cth).
The latest amendments to the Tax Code represent another step towards developing pragmatic, professional and commercially oriented market relations in Russia.
Outer Temple Chambers has a team of barristers who specialise in banking and financial services with an emphasis on commercial litigation and arbitration, civil fraud and regulatory matters involving the Financial Conduct Authority (FCA) and other regulators.
Pillsbury provides financial services clients advice on all facets of regulatory compliance and transactions.
In Project Blue Limited v HMRC the First-Tier Tribunal considered for the first time the application of section 75A to a complex and high-profile property transaction.
FOFA grandfathering regulations made download
The long-awaited FOFA grandfathering regulations have finally been made. They commenced on 1 July 2013.
The government of India has announced measures to encourage investment by liberalising foreign direct investment norms.
On 11 May 2013, SAFE released the Provisions on Foreign Exchange Administration of Inbound Direct Investment by Foreign Investors.
Such dispute resolution mechanisms provide investors with protection against adverse host government action
Hogan Lovells has been included in the new Chambers 100 directory, which ranks the UK’s top 100 lawyers based on feedback from general counsel.
A recent British Geological Survey report has heralded positive news for the UK shale gas industry.
The implementing decree regulating the online sale of medicines was published on 23 June 2013 and enters into force on 12 July 2013.
Franchising can allow a business to grow with a reduced capital outlay but there are issues to consider.
The third sector is as vulnerable to the threat of fraud as any commercial organisation.
The FRC has announced proposals to develop its guidance on going concern.
On 25 June 2013, the French tax authority published an official notice to confirm that VAT must be applied to yacht charters commencing in French waters.
In France, two sets of rules apply to the enterprises operating in the medical sector when dealing with health professionals, their organisations and healthcare institutions.
A French court has ruled that a hosting platform has no obligation to ensure that hosted content that has been previously notified is not later re-posted online by its users.
By decision rendered on 31 May 2013 within procedure T-396/11, the General Court set out the EU boundaries of the concept of ‘abuse of rights’.
From now on, any transfer of personal data from Germany to the US should be regarded unlawful under German data protection law. This was stated by the German data protection authorities in a press release issued on 24 July 2013.
The Employment Tribunal has provided guidance on what constitutes a ‘proportionate means’ of achieving a ‘legitimate aim’ when treating an employee or partner differently because of his age.
Global: defamation and social media download
This article looks at how the existing laws of different jurisdictions, the UK, the US and Italy, treat defamation claims relating to social media.
In our age of telecommunications convergence, it is unremarkable that satellite communications would face the same risks of cyber attack as are facing the telecoms industry generally.
Going back to basics — the establishment of a foreign-invested enterprise in mainland China download
The establishment of a foreign-invested enterprise in China can be a formidable task, but a circular from the State Council may streamline the process and ease the registration burden.
Goodman Derrick has advised OMG plc in relation to its placing and open offer, raising a total of £9m, and in respect of its acquisition of Mayrise Limited, a company providing highways and management software products.
Goodman Derrick has advised the shareholders of CCL Vehicle Rentals Ltd in respect of the sale of the company (for an undisclosed amount) to multinational car rental company Hertz.
On 21 May, Arnold J in the High Court delivered his judgment in the ‘Google AdWords’ litigation between Marks & Spencer and Interflora.
The final version of the Pensions Regulator’s new Code of Practice on DC governance is due to come into effect in November 2013.
Under section 417 of the Companies Act 2006 all companies (unless entitled to the small companies exemption) must prepare a ‘business review’.
The Green Deal was launched on 28 January 2013.
Guernsey population control proposals: managing the size and make-up of the island's population download
On 26, 27 and 28 June 2013, the States of Guernsey debated the Billet D’Etat No XI 2013 dated 10 May 2013, having regard to the Report prepared by the Policy Council dated 29 April 2013.
Jersey’s system of freehold conveyancing has its origins in the Public Registry established by Sir Walter Raleigh in 1602.
Employers across the Asia-Pacific are increasingly facing shortfalls in work and reductions in demand in a competitive market.
Globally, one in four people have paid a bribe in the last couple of years, according to Transparency International’s Global Corruption Barometer 2013.
Health Alert — 15 July 2013 download
DLA Piper has released a Health Alert dated 15 July 2013.
Health Alert — 22 July 2013 download
The 22 July 2013 issue of DLA Piper’s Health Alert is available now.
Health Alert — 29 July 2013 download
DLA Piper has released its Health Alert dated 29 July 2013.
All areas of business life are affected by health and safety issues and Outer Temple Chambers’ barristers deal with cases from the most straightforward to the most complex and high profile.
The Federal Court of Australia has found that an employee was exercising a workplace right when he tagged forklifts due to safety concerns.
Mills & Reeve has released the July 2013 edition of its Health Legal Update.
Our dedicated healthcare team delivers pragmatic advice to healthcare operators, professionals and businesses.
We have unparalleled experience in these areas.
The employer applying for injunctions in Whitmar Publications Ltd v Gamage was a publisher specialising in magazines for the printing industry.
The Securities and Futures (Amendment) Bill 2013 sets out the proposed regulatory regime for OTC derivatives in Hong Kong.
Hogan Lovells has advised Bilfinger Berger Global Infrastructure SICAV on its successful placing, open offer and offer for subscription raising £85m.
News Corp is moving its London operations to The Place on the Southbank of the Thames, alongside. Hogan Lovells represented News Corp in this transaction.
Hogan Lovells is advising on the reorganisation and privatisation of TRAINOSE.
Hogan Lovells has advised on the £5.5m sale of fashion brand Nicole Farhi to Maxine Hargreaves-Adams.
Hogan Lovells has advised Saft in relation to the sale of its SNB activity to Active’Invest.
Hogan Lovells has announced its receipt of all Brazilian Bar Association approvals in Rio de Janeiro and São Paulo, Brazil.
Hogan Lovells has announced that Michael Gilligan has joined the law firm’s corporate practice as a partner in the New York office.
On 29 July, another significant change to employment law comes into force under the Enterprise and Regulatory Reform Act.
Hogan Lovells has filed multiple amicus briefs in the landmark marriage-equality cases US v Windsor and Hollingsworth v Perry.
For the 10th year in a row, Hogan Lovells hosted its annual Film Panel during the recent Berlinale film festival.
Hogan Lovells has performed strongly in a number of its key regions and markets in the H1 2012 M&A league tables.
Hogan Lovells has advised law firm CMS Cameron McKenna on its plans to move its entire London operation to Cannon Place.
Hogan Lovells will be opening an office in Luxembourg on 1 August as part of its strategy to continue to grow its funds and tax practices.
Hogan Lovells has welcomed the UK government’s recent announcement on strike prices for renewables.
Hong Kong — use of social media networks by listed companies or those dealing in securities download
The rapid explosion of social networking has changed the way many companies in Hong Kong promote their brands and distribute their products and services.
As part of its push for energy efficiency, DECC has begun consultation on its proposals for new energy-saving assessments.
The basic concept behind supply chain finance is that a bank provides credit support for the distribution of goods and services by a large number of small- and medium-sized enterprises (often those with a low credit rating) to a given buyer which may be a ‘blue-chip’ entity with a high credit rating.
Material adverse change clauses are a common feature of financing documents.
HS2 Phase 1: safeguarding directions issued, but will it stop you selling or developing your land? download
The Department for Transport has issued safeguarding directions for the vast majority of Phase 1 of the HS2 project.
A High Court patents judge has handed down his decision in the cases of HTC Corporation v Gemalto SA and HTC Corporation v Gemalto NV.
The draft EC data protection regulation proposes a number of changes to the EU data protection regime.
Asia offices win Seatrade Asia Maritime Law Award 2013.
Ince & Co advises Hong Kong’s Shun Tak Holdings.
Ince & Co solicitor Aurora Villacellino has won second prize in the 2013 essay competition of the CIArb Singapore Branch Young Members Group 2013.
Binder Grösswang comprehensively advises clients in all areas of insolvency law and in the case of restructurings and reorganisations. We advise investors, banks and companies facing business partners that are in a financial crisis as well as companies that are in financial difficulties.
We provide the most appropriate solutions for creditors, insolvent companies and/or their management bodies, and for investors.
Pillsbury’s Insolvency & Restructuring practice is a well-integrated team of attorneys practicing throughout the US and around the world.
The appetite of institutional investors for the housing sector is finally growing, attracted by innovative new models and assurance in steady inflation-linked returns.
Particular emphasis is on green field investments and mergers and acquisitions involving insurance and reinsurance companies, permitting/filling and regulatory advice.
DLA Piper has released the July 2013 edition of its Insurance and Reinsurance Newsletter: Italy.
The decision in Versloot Dredging BV v. HDI Gerling and others (The DC Merwestone) is of considerable significance to marine insurers and non-marine insurers alike.
The Insurance Contracts Amendment Bill has now been passed by both Houses of Parliament.
We have recovered more than $6bn of insurance policy proceeds for our policyholder clients, and regularly help them obtain broad and appropriate insurance coverage.
Pillsbury’s Intellectual Property practice advises clients on developing successful and comprehensive IP strategies by protecting, managing, asserting, defending and leveraging their IP assets.
We handle a wide range of trademarks, patents and copyright-related matters.
Taylor Wessing’s International Pensions Guide looks at pensions provisions in the UK, Germany, France, Austria and the CEE, China, Dubai and Singapore.
In Payam Tamiz v Google Inc, the Court of Appeal has delivered a judgment that gives rise to real concerns for blogging platform providers.
Interpreting and construing insurance policies: dewatering a pond is not as simple as it seems download
Vero Insurance Ltd v Australian Prestressing Services Pty Ltd reaffirms the importance of interpreting and construing insurance policies according to their own particular terms.
Chevalier & Sciales has a strong expertise and an in-depth knowledge in the field of investment and asset management.
The US Treasury and IRS have announced a six-month extension to the start of FATCA.
Article 2(a) of the Copyright Directive requires member states to provide authors with the exclusive right to authorise or prohibit direct or indirect, temporary or permanent reproduction of their works by any means.
The Data Protection Act 1998 provides that personal data must not be processed unless at least one of the conditions in Schedule 2 of the Data Protection Act 1998 is met.
Italy real-estate update — July 2013 download
The development of regulations requiring earthquake resistance in buildings in Italy has been a complicated process.
In Guernsey and Jersey there are currently no statutory provisions which dictate how a disciplinary procedure should be conducted.
The States of Jersey has this week approved the latest amendment to the Trusts (Jersey) Law 1984.
The planning minister has now lodged his proposition outlining his proposals for a new planning appeals system.
Goodman Derrick has announced that Joanna Higton has joined the firm as a partner in the corporate group.
Joinder of trustees and treatment of trust assets in English matrimonial proceedings: DR v GR and others download
The judgment of Mostyn J concerned divorce proceedings in the Family Division of the English High Court and an application for the variation of a settlement under s24(1)(c) of the Matrimonial Causes Act 1973.
Joining a competitor? The potential consequences of insurance brokers soliciting their former clients download
The Gentech case highlights the importance of using restrictive covenants in employee contracts.
Jurisdiction Update — Issue 4 download
Conyers Dill & Pearman has released the fourth issue of its Jurisdiction Update, covering Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius.
Addleshaw Goddard has appointed dispute resolution specialist Kambiz Larizadeh in its City litigation practice.
Karanovic & Nikolic’s Marija Filipovska appeared as a panellist at a recent regional conference on transparency in government procurement.
Keep calm and carry on — pre-termination negotiations and settlement agreements in force from 29 July 2013
Pre-termination negotiations and settlement agreements will come into force from 29 July 2013.
Ofgem has published its Electricity Capacity Assessment Report showing reduced margins in the middle of the decade and an increased risk of electricity customer disconnections.
Kieran Toal has been appointed as a partner in Shoosmiths’ corporate team in Manchester.
King & Wood Mallesons has advised a syndicate of banks providing project financing for the first stage of the development of the 113MW Boco Rock wind farm.
King & Wood Mallesons has acted as Australian counsel for CDB and BOC Sydney on the $1bn financing of the development of the Dugald River project.
King & Wood Mallesons has advised Freetech Road Recycling Technology (Holdings) on its successful listing on the main board of the Hong Kong Stock Exchange.
King & Wood Mallesons is advising Ironbridge Capital on its acquisition of Bravura Solutions.
King & Wood Mallesons recently advised Modern Land (China) on its successful listing on the main board of the Hong Kong Stock Exchange.
King & Wood Mallesons has advised PICC Property and Casualty Company Ltd on its domestic share H placement.
King & Wood Mallesons has advised Poly Property Group on its issuance of $5bn notes on the Hong Kong Stock Exchange at an interest rate of 4.75 per cent.
King & Wood Mallesons has advised RHG on a scheme-of-arrangement offer for 44.1 cents per share — with RHG also announcing a three-cent-per-share dividend.
King & Wood Mallesons has advised Weichai Power in exercising its call options to increase its equity stake in KION after listing to accelerate its globalisation strategy.
King & Wood Mallesons has advised Wisdom Holdings Group on its HKD844m initial public offering in Hong Kong.
KWM’s Hong Kong office has advised CAA Resources on its HK$487.5m IPO.
The second issue of King & Wood Mallesons’ KWM Connect publication is available now.
Intellectual Asset Management ranked King & Wood Mallesons as the top law firm in patent litigation and licensing in China.
Lafarge Tarmac has appointed Nabarro and Freeth Cartwright as two law firms on the company’s first legal services panel.
For the purpose of the 12 July 2013 law on alternative investment fund managers, numerous definitions apply.
Perhaps the poorest of the poor relations in the litany of obligations on trustees and other pension providers is the regulation of the provision of information.
Legal risks for non-US corporates download
Every term, the US Supreme Court hears a handful of cases that present distinct legal risks for non-US corporates.
In a near-record time from media statement to draft legislation, the Australian government has released draft bills to accelerate its policy of floating the carbon price.
The Court of Appeal has held that a lender with defective security over property was entitled, through subrogation, to an unpaid vendor’s lien over that property.
Following regulatory investigations into LIBOR rate rigging and the fining of Barclays Bank by the Financial Services Authority (FSA) last summer, the claimants in Graiseley Properties Ltd and Others v Barclays Bank were permitted to amend their claim to include allegations relating to LIBOR manipulation.
Over the past 10 months, Grant Thornton and DLA Piper have launched a successful life sciences boardroom lunch series.
In a recent charterparty dispute, it has again refused to entertain an application challenging the Commercial Court judge’s refusal of permission to appeal.
Stephenson Harwood has appointed Lisa Marks as an asset finance partner in London.
Negotiating a good patent licence is a challenging business at the best of times.
Our litigation team has a wide experience in the whole spectrum of commercial and civil disputes.
Many of us have been avid watchers of this year’s Tour de France, and it got us to thinking that this epic race is a little bit like litigation.
This case involved a claim in passing off, brought by Lumos Skincare, against defendants who were using the same mark for nailcare goods as Lumos had been using for skincare goods.
Walker Morris now has the EAT’s written decision in the case of USDAW & Ors v WW Realisation 1 Ltd and another (commonly known as the ‘Woolworths case’).
The life of losses can be adventurous, especially when it comes to the cross-border travel of losses within the EU if the travel is triggered by a merger.
Luxembourg is the first European country to deal with the question of what happens to data in the event of a company being declared bankrupt.
Luxembourg legal update — July 2013 download
The July 2013 issue of Arendt & Medernach’s Luxembourg legal update is available now.
Luxembourg newsflash — 19 July 2013 download
The CSSF requires any person established in Luxembourg that potentially qualifies as an AIFM to perform a self-assessment as to whether it (i) qualifies as an AIFM and (ii) is subject to authorisation or registration requirements.
The Luxembourg parliament has adopted the bill of law on alternative investment fund managers, which transposes the Alternative Investment Fund Managers Directive (2011/61/EU) into Luxembourg law.
ALFI has released new anti-money laundering practices and recommendations aimed at reducing the risk of money laundering and terrorist financing in Luxembourg.
The legislation transposing the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law, approved by the grand duchy’s Chamber of Deputies last Wednesday 10 July, has come into force.
The draft legislation transposing the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law was approved by the grand duchy’s Chamber of Deputies.
The Employment Appeal Tribunal judgment in the case of USDAW and others v WW Realisation 1 Ltd (in Liquidation) and others has been published.
As of 1 January 2014, the only applicable act on the lease of business premises will be the new Civil Code.
The most important change implemented by the new Civil Code in the area of contract law is the cancellation of parallel rules.
In the current heatwave, employers need to consider their strategy for keeping control of employee absences during the hot weather as employees make the most of the sun.
The date 22 July 2013 is important for AIFMs that fall below one of the de minimis exemptions of the AIFMD.
Maree Martin has relocated to Conyers Dill & Pearman’s Singapore office to further support its Cayman Islands legal practice.
DLA Piper has announced that Margaret Keane has joined the firm’s employment practice as a partner in the San Francisco office.
Winckworth Sherwood has strengthened its dispute resolution team with the appointment of partner Marie-Louise King.
The High Court has overturned a Victorian Court of Appeal judgment concerning section 1041A of the Corporations Act 2001 (Cth) and has re-affirmed the purpose test in determining an ‘artificial price’.
Tim Crosley reviews the recent failure of the ’Project Blue’ SDLT mitigation scheme and its implications for both taxpayers and their advisers.
M&A expertise is central to our practice.
Mexico’s minister of communications and transportation has announced a new investment programme for transportation and telecommunication for 2013–18.
Mills & Reeve has advised Sepura on its acquisition of Portalify.
Mills & Reeve advises the University of Manchester on public bond issue.
Simon Sherwood, partner at Mills & Reeve’s Leeds office, has completed the signing of a 99-year lease for the ChapELFM centre.
Partner (real estate)
MOLITOR has announced three appointments.
MOLITOR has announced the promotion of Claire Leonelli to partner.
MOLITOR has been ranked in the third edition of Best Lawyers Luxembourg for its expertise in litigation and corporate matters.
The Land Registration and Estates Department issued a new circular presenting the provisions applicable to real-estate agents.
On 24 May 2013, the Parliament of Mongolia approved an amended version of the Securities Market Law.
Like English law, German law places certain limitations on the monitoring of employees. For example, video surveillance must take the privacy rights of the employee into account.
Mourant Ozannes has been shortlisted in two categories at the STEP Private Client Awards 2013.
Twelve students have been selected to intern at Mourant Ozannes this summer.
Mourant Ozannes recently organised a series of workshops focusing on the Control of Housing and Work (Jersey) Law 2012.
MySuper regulations made download
On Friday last week, the Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 was made.
Nabarro has advised Mitsui Fudosan UK and Stanhope on the acquisition of One Angel Court in EC2 from TIAA-CREF.
Nabarro has advised Watford Borough Council and West Hertfordshire Hospitals NHS Trust on the financial and legal close of a £250m regeneration project
Nabarro has helped to develop a guide that navigates the ‘legal maze’ of European procurement rules governing land and development deals.
In 2009, the vessel NANCY was totally lost by fire at Nakhodka. The owner of the vessel claimed an indemnity under a marine insurance policy from their hull insurer for the constructive total loss of the vessel.
National and community trademarks reform aims to foster innovation by making trademark registration systems all over the European Union more accessible.
The Hispanic National Bar Foundation has honoured Hogan Lovells with its 2013 Visionary Leadership award, in recognition of the firm’s contributions to the legal community.
Legislation includes measures aimed at clarifying the taxation treatment of payments and benefits provided under native title agreements.
NCTM Studio Legale Associato has assisted LVMH in the acquisition of a majority stake in Pasticceria Confetteria Cova.
NCTM Studio Legale Associato has assisted Primi sui Motori in the acquisition of a 51 per cent stake of 2ThePoint PSM and Crearevalore.
NCTM Studio Legale Associato has appointed two new equity partners, Paolo Lazzarino and Luca Garramone.
Dale Seymour has been appointed as the new anti-dumping commissioner.
ASIC has released new Class Orders that apply to operators of IDPS and IDPS-like platforms.
Court rules governing arbitration proceedings in the Cayman Islands have been revised.
Court rules governing arbitration proceedings in the Cayman Islands have been wholly revised by virtue of the Grand Court (Amendment No.1) Rules 2013.
The Information Commissioner’s Office has published new data protection guidance for charities to promote good practice in their handling of personal information.
E-commerce has seen tremendous growth in Vietnam in recent years, boosted by a high rate of mobile and internet penetration in the country and its young and tech-savvy population.
New German antitrust fining guidelines — less predictability and larger fines on the horizon download
The German competition authority (Bundeskartellamt) has published new guidelines for the calculation of fines for antitrust infringements.
The PRC Supreme Court has recently issued the Second Judicial Interpretation of the PRC Insurance Code, which came into force on 8 June 2013.
The Quoted Companies Alliance represents small to mid-size quoted companies, including companies with a standard listing on the Main Market of the London Stock Exchange and AIM companies.
On 16 March 2013, a law based on the EU Directive on Combating Late Payment in Commercial Transactions (2011/7/EU) came into force in Austria.
Compromise agreements are to be re-named ‘settlement agreements’ and pre-termination discussions will be inadmissible in unfair dismissal cases from 29 July 2013.
Report demonstrates the substantial contribution made by Jersey to the British economy.
New restrictive measures in favour of tobacco control applicable in Luxembourg from 1 January 2014 download
The new law of 18 July 2013, modifying the law of 11 August 2006 regarding the issue of tobacco control as amended, has just been published in the Memorial A.
The UK remained the most attractive market for buyers after the US according to Allen & Overy’s latest M&A Index.
New York’s attorney general has initiated an inquiry about payroll card programmes used to pay New York employees.
NJ SAFE Act gives up to 20 days of unpaid leave to employees victimised by domestic or sexual violence download
New Jersey governor Chris Christie has signed the New Jersey Security and Financial Empowerment Act into law.
The High Court has given guidance on the factors that will be considered when assessing whether an individual may be either a shadow or de facto director.
The case involved two groups (the Nortel group and the Lehman group) each of which contained occupational pension schemes with substantial funding deficits.
The UK Supreme Court has given judgment in the Nortel and Lehman Brothers pensions cases, ruling that pensions FSDs and CNs rank as provable debts in an insolvency.
The NYSBA has highlighted that the application of existing subpart F rules can frequently lead to tax results that are inconsistent with the CFC’s economic position.
OECD releases BEPS Action Plan — a sweeping international tax effort to combat base erosion and profit shifting download
The OECD’s Committee on Fiscal Affairs has published its Action Plan to address Base Erosion and Profit Shifting (BEPS).
Ogier has acted on the IPO of Luxoft Holding on the New York Stock Exchange.
Ogier has acted as BGS’s BVI counsel.
Ogier has advised Cazenove Capital Holdings Ltd on its £424m recommended takeover by Schroders plc.
Ogier has advised entities affiliated with Kohlberg Kravis Roberts & Co on the acquisition of three retail parks in Oxford, Sunderland and Glasgow.
Ogier in Jersey has advised a syndicate of lenders in connection with a $17bn revolving credit facility for Glencore Xstrata.
OHIM has upheld the request by Grana Padano Consortium to declare invalid the community trademark ‘Cuore di Formaggio — Grana Italiana’
The OIG has released an advisory opinion approving a proposed arrangement by a manufacturer to establish a tiered rebate programme for its customers.
On the Register — H2 2012 download
Appleby has released the second edition of On the Register, a report that provides data and insight about company incorporation activity in offshore jurisdictions.
The High Court has held that a typical hybrid jurisdiction clause found in many finance documents is valid.
Online briefing for private practice: understanding the key consideration in safeguarding your client’s information governance strategies. What are the options available? video
Recent actions by regulators highlight the need for better information governance and swift forensic investigation to safeguard not just finances but reputations as well as sense checking internal and external policies. Log in or register to watch this video from HP Autonomy.
A draft ballot initiative filed in California could, if approved, bring to the state a very different set of privacy rules than apply anywhere else in the US.
Outer Temple Chambers and the Free Representation Unit have announced an 18-month pupillage and scholarship scheme.
The Court of Appeal has confirmed that the principle of open justice is paramount to the administration of justice in the courts of England and Wales.
The first major Australian decision under the Personal Property Securities Act 2009 has been handed down.
Taylor Wessing has been shortlisted for ‘Professional Service Provider of the Year’ in the Worldwide Reinsurance Awards 2013.
Parental leave must not be a negative factor in redundancy decisions.
Recommendations from the PCBS are likely to stimulate yet more (and tougher) UK regulations in the banking sector.
On 27 May 2013, the Cancellation Division of OHIM decided over the revocation of the community trademark ‘Capri’.
There has been a raft of PAYE-related developments of late. This bulletin sets out brief details of those that may be of interest.
Pension liberation schemes typically offer cash incentives to members to transfer their pension savings to a scheme from where a cash lump sum is ‘unlocked’ and paid to the member.
Financial support directions are orders from the Pensions Regulator to other members of a corporate group to stand behind the obligations of a service company or under-resourced employer.
Outer Temple has long been established as one of the leading chambers specialising in pensions law, whether in litigation or in complex transactions.
This issue of snapSHot summarises some of the key legal and regulatory developments that occurred during June in relation to occupational pension schemes.
Pensions update — July 2013 download
Nabarro has released the July 2013 issue of its Pensions Update, which includes information on the new DC code of practice, automatic enrolment and more.
This paper sets out the key differences between the various forms of security commonly used in the Asia- Pacific market.
The recent Court of Appeal decision in Frost v Wake Smith and Tofields Solicitors is a good starting point for reviewing the duties of a solicitor arising out of a mediation.
You can rely on our personal and family expertise to give you the best possible legal advice and support.
Recognised as a leading chambers in this field, we offer specialist advice and advocacy across the full spectrum of personal injury work — from tripping accidents to catastrophic brain and spinal injury cases — and extensive experience in multi-party actions and public inquiries.
Mrs Williams has a potential claim against two separate parties: Great Crest Care Home and Spotless Floors.
A director of a company may be authorised to sign documents on behalf of the company. Such authority may be ‘actual’, in that is conferred by or pursuant to the company’s articles of association, or it may, depending on the circumstances, be ‘implied’.
This update highlights recent and upcoming developments relating to the Personal Properties Securities Act 2009
More clarity but no more finality on ‘piercing the corporate veil’ — Prest v Petrodel Corp  UKSC 34.
For the third year in a row, the WILEF has awarded Pillsbury Winthrop Shaw Pitman its Gold Standard Certification.
Jeffrey Jacobi from Pillsbury has been recognised as one of the Best LGBT Lawyers Under 40 — Class of 2013.
The government plans to make initial designations of poorly performing authorities in October and to allow applications to be sent to the secretary of state from that date.
Changes to design and access statements came into force on 25 June 2013 via the Town and Country Planning (Development Management Procedure) (England) (Amendment) Order 2013.
The recent decision in Topland Portfolio No.1 Limited v Smiths New Trading Limited is a useful reminder to landlords to join any existing guarantor into supplemental lease documents.
PPF update: the Pension Protection Fund issues guidance for schemes on reconciling GMP benefits download
Pension schemes are required to ensure the data they hold is accurate. For schemes that enter into a PPF assessment period, there is a need to ensure this comes into sharp focus.
PPF update: the Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 download
New regulations make a number of changes to the detail and administration of the compensation that the Pension Protection Fund provides.
Patent infringement by pre-expiry offer to supply a product after the patent has expired is an area of acute difficulty in Austria.
The English High Court takes a broad view of what constitutes an infringing communication to the public.
Ms Bangura was summarily dismissed on grounds of misconduct by Southern Cross about six weeks before the care home at which she worked was transferred to Four Seasons.
This memorandum has been prepared for the assistance of those who are considering the formation of a private trust company in the Cayman Islands.
Kyriackou v ACE Insurance Ltd concerned the refusal of an insurer to indemnify an insured under a professional indemnity policy for his costs in defending ASIC proceedings.
Our professional negligence specialists provide an advisory as well as an adversarial service, and advise claimants and defendants on all aspects of professional negligence matters, including limitation, liability, quantum and evidence.
Our Project Finance/PPP practice has been acknowledged as market leading.
This case is a good example of a borrower throwing everything at a lender only to find itself bound by the terms of the facility agreement because of some of the boilerplate provisions.
When disputes escalate to court proceedings, it is not uncommon for the Statements of Case to contain pointed allegations of misconduct or impropriety.
Outer Temple Chambers’ public law team acts in relation to a broad range of public law work, but with particular emphasis on public law issues connected with Chambers’ other core substantive areas of work.
Public Procurement is one of our main specialties.
Pillsbury has been a leader for more than 25 years in helping the public and private sectors work together on infrastructure and other projects.
Detroit’s plight may be extreme, but its problems are increasingly common in cities across the US.
The wider Gulf Cooperation Council region is getting more and more attention from the solar industry these days.
Ramadan in the workplace download
Today marks the start of Ramadan. For Muslims across the world, a month of fasting each day from sunrise to sunset begins.
Pillsbury has a unique history of leading real-estate practices on the US coasts, and a recent international expansion in London.
Our practice has always stood at the forefront of real estate development, construction and operation in Romania.
Our real estate experts cover the entire spectrum of services from the legal analysis of properties and property companies through to sound due diligence.
Nabarro has released the July 2013 edition of its Real Estate newsletter.
In April of this year, we witnessed the biggest change to the PAYE system since 1944. The new system is designed to improve the efficiency by which HMRC collects PAYE and National Insurance contributions, through the use of real-time information or RTI. Although most employers ‘went live’ in April, RTI will be compulsory for all companies by October 2013.
The EAT has ruled that an employer was not required to waive a competitive interview process for a disabled employee in a redundancy situation.
Sponsors of global stock plans must navigate a host of legal and tax regimes to maintain compliance with applicable rules and laws.
The recent term of the US Supreme Court featured several rulings on environmental and other regulatory issues.
There is a danger that some derivatives users may rush to adopt a third-party provider without thinking the consequences through.
There are occasions whereby it may be necessary to rectify the information incorrectly entered into the company’s register of members.
Mergers of health insurance funds will now be subject to merger control clearance, however, the German FCO will be required to involve the competent supervisory bodies.
The government is pressing ahead with its proposal to reduce the time limit for filing a claim for judicial review from three months to six weeks in planning law cases.
The regulation of similar biological medicinal products (‘biosimilars’) is governed by article 10(4) of Directive 2001/83 as amended, supplemented by the annex to the directive.
In a legal environment that is becoming more and more complex, Binder Grösswang offers guidance in all issues of public commercial and environmental law.
The issue of whether contamination remediation costs are covered by an insurance contract was discussed in Hamcor Pty Ltd v Queensland.
Rent falling due pre-administration is not payable as an expense: permission to appeal granted download
A consortium of landlords has been granted permission to appeal against previous decisions that rent falling due pre-administration is not payable as an expense of the administration.
The DOL has announced an opportunity for administrators of participant-directed individual account plans to ‘reset’ their annual deadline for distributing plan-related information.
The AFEP and the MEDEF published a revised version of the corporate governance code for listed companies on 16 June 2013.
The commission has issued a revised second draft of the state aid de minimis regulation, which makes amendments to the first draft and invites responses to the consultation.
For any right or easement to exist there has to be a dominant tenement and a servient tenement.
Chinese Arbitration Commission appoints Robert Rhodes QC to its Panel of Mediators and Arbitrators.
The Federal Communications Commission recently clarified whether parties on whose behalf telemarketing ‘robocalls’ are made may be liable for third-party violations of the Telephone Consumer Protection Act (TCPA).
Women who are pregnant or on maternity leave have numerous legal rights, but many of these are commonly misunderstood by employers.
Shoosmiths considers the current statutory paternity leave entitlements of expectant fathers and how these are expected to change in the future. While some employers offer more generous contractual benefits, the only legal requirement is…
Insurers should take care in specifying situations in which endorsements and special conditions apply within their policies.
The State Council has issued the Opinions on Encouraging and Guiding the Healthy Development of Private Investment to promote private investment activities.
On 28 April 2013, SAFE released its Circular on Administrative Measures for Foreign Debt Registration, which came into effect on 13 May 2013.
Belfairs agreed to buy a majority stake in Waveform Solutions Limited (the target) from Sutherland.
On 10 July 2013, the Securities and Exchange Commission adopted the long-awaited amendments to Rule 506 of Regulation D under the Securities Act of 1933.
The SEC may adopt a new approach to its regulation of transactions, products and market activities that are subject to parallel regulatory requirements in multiple jurisdictions.
On 27 June 2013, the Senate passed a comprehensive immigration reform bill to overhaul the US immigration system.
The relevant charterparty wording did not allow for NORs to be validly served by email.
In Hills Contractors and Construction Ltd v Struth, the court held that sending a photocopy of a sealed claim form to the defendant’s solicitors was not proper service.
Setting the carbon price free download
Australian prime minister Kevin Rudd has announced that a Labor government will move towards an ETS for the financial year beginning 1 July 2014.
Should the government do more beyond its current precautionary approach to accelerate the commercial exploitation of shale gas reserves?
The Sheffield city region must grasp the opportunity of international investment, says Martin McKervey of Nabarro, as the law firm reveals that the UK has topped a new index ranking 20 countries from all five major world regions for their attractiveness to institutional investors in infrastructure projects.
This Commercial Court decision is of practical importance because there appears to be no previous authority on one of the principal points considered.
The July 2013 issue of Ince & Co’s shipping e-brief is available now. It provides information on key legal decisions and developments in shipping and related areas.
Shoosmiths has appointed Bukola Aremu as head of its housing management litigation team.
Shoosmiths has finished top overall of the Legal Week Employee Satisfaction Report 2013
Shoosmiths’ national corporate team has again been named ‘Law Firm of the Year’ at this year’s M&A Awards.
Graham Bennett, partner and real-estate specialist at Shoosmiths, was among the 40 guests invited to see Lord Coe unveil a plaque at Portland Marina.
Partners from Shoosmiths were among the guests invited to the opening of the UK’s largest biorefinery.
Shoosmiths partner Laurence Kaye was the guest speaker at one of Outsell’s regular leadership council meetings.
There have been some developments in relation to the EU Regulation 236/2012 on short-selling and certain aspects of credit default swaps.
Monday 29 July 2013 will see some very significant changes to employment law and practice and employers and individuals need to make sure they are ready.
Sintons has announced the passing of partner Andrew Walker.
Curar Animal Therapeutics has secured investment of £265,000 to help fuel its growth. This investment was overseen by Sintons and RMT Accountants and Business Advisors.
The Court of Appeal has upheld the decision of the High Court in a case in which Walker Morris’s finance litigation team acted for the successful party.
As a (very) general rule, debts and claims rank equally in a company winding up. One of the exceptions to this rule applies where the company being wound up is an insurer.
SPC protection for combinations download
It has proved very difficult to interpret the legislation governing supplementary protection certificates (SPCs) as regards combination drugs.
There are times when employers wish to consolidate their pension schemes by merging one into another, often following a corporate acquisition.
The sudden death of media mogul Ian Robert Maxwell and its aftermath are still felt in the pensions industry today.
There are several areas of law in which Outer Temple specialises where in certain circumstances our clients, many of them corporate and commercial, find themselves subject to the criminal courts.
The CJEU has again ruled on issues concerning the genuine use of trademarks under European trademark law.
For a tenant, the waiting period between applying for a landlord’s consent to a dealing and receiving their response can often be an exercise in patience.
DLA Piper has released the July 2013 edition of Sports, Media and Entertainment Intelligence.
DLA Piper’s Spotlight on Belgium publication provides an overview of current legal developments that may have an impact on business activities.
Litigation involving directors of the Bridgecorp group and QBE is still on foot.
Stephenson Harwood has advised on IBEX Global Solutions’ placing and admission to trading on the AIM market of the London Stock Exchange.
Stephenson Harwood LLP has advised The Parkmead Group plc (Parkmead), an independent oil and gas company, on its £14.5m takeover of Lochard Energy Group plc (Lochard).
De Smeth v NSW Fire Brigades Superannuation Pty Ltd  NSWSC 19 considered ICA s57 in the context of a total and permanent incapacity claim.
Contracts for difference will replace the renewables obligation as the key support mechanism for low-carbon electricity generation.
As from 29 July, compromise agreements will be given a compulsory name change and re-branded as settlement agreements.
Supreme Court decides there is no point to the 'point of no return' test for insolvency defaults download
The Supreme Court has considered how to construe and apply contractual terms incorporating the insolvency tests contained in section 123 of the Insolvency Act 1986.
The Supreme Court handed down its judgment in the Lehman and Nortel pension appeal cases on 24 July 2013.
Not many of us have the opportunity to offer advice to ministers of religion. However, the latest case about their employment status to reach the UK’s highest court can perhaps give an indication of the general direction of travel on this important topic.
The Suzhou court has refused to enforce an arbitral award rendered by CIETAC Shanghai.
The European Commission now proposes a directive to cover take-down procedures and action relating to unlawful website content.
Before purchasing real estate in the Cayman Islands, very careful consideration should be given as to how to take title to the real estate to be purchased.
Pillsbury’s tax practice brings a full-service, interdisciplinary approach to the resolution of diverse tax-related issues.
At Popovici Nitu & Asociatii, we offer comprehensive tax advice, covering fiscal, legal and financial aspects.
Binder Grösswang gives advice on all issues of Austrian and international tax law. The experts of the Binder Grösswang tax team have many years of experience, both with national and cross-border tax matters.
Tax deduction for regulatory capital download
HMRC has issued long-awaited draft regulations aimed at providing a new tax regime for regulatory capital.
Tax newsletter: Serbia — July 2013 download
Following the last amendments to the tax laws, the Ministry of Finance has prepared several rulebooks to help implement the amended legal provisions.
Tax newsletter: Serbia — June 2013 download
The Ministry of Finance and Economy continues its intensive work on amendments to the tax laws in Serbia.
Tax update — July 2013 download
In this issue, the firm discusses the adoption of the law on administrative co-operation in the field of direct taxation, the introduction of the bill regarding deferred taxation of unrealised capital gains upon migration, new VAT provisions and more.
Entries have now opened for the 2013 Deloitte UK Technology Fast 50 awards. The awards are sponsored by Taylor Wessing.
Andrew Howell, partner in the disputes and investigations group at Taylor Wessing, has been selected to sit on the judging panel for the British Accountancy Awards.
The July 2013 issue of DLA Piper’s Technology and Sourcing News (UK) publication is available now.
DLA Piper has released the June 2013 edition of its Technology and Sourcing News (UK).
Temporary aircraft registration certificates to be issued by the Bermuda Department of Civil Aviation download
The Conyers team has worked closely with the BDCA to address the ongoing needs of its clients.
Governor Rick Perry has signed into law Texas HB 500, which provides for certain changes to the Texas franchise tax provisions.
As the cornerstone of the Austrian Act on Limited Liability Companies amendment, the minimum nominal share capital of a GmbH shall in future be €10,000.
With fresh economic concerns denting confidence and an eruption of political protest in the Middle East and Latin America, it is hardly surprising that deal markets remain quiet.
Sean Wright, a corporate partner at Shoosmiths, has been ranked in The Chambers 100 — a list of the best 100 business lawyers in the UK.
We face a Competition Commission enquiry.
Outer Temple Chambers welcomes the reforms to the coronial system that took effect from 25 July 2013.
The government has published its Draft Consumer Rights Bill, through which it proposes a significant overhaul of UK consumer protection legislation.
Tracy McDermott, director of enforcement and financial crime at the FCA, has set out the FCA’s approach to date and what its focus will be going forward.
On 25 June 2013, the German Federal Cartel Office (FCO) released new fining guidelines for competition law infringements.
The law of 12 July 2013 on alternative investment funds implements in Luxembourg the provisions of the Directive 2011/61/EU of 8 June 2011 on alternative investment fund managers.
Proposed changes to the NSW Mining SEPP will mean the economic significance of the mining resource will be a principal consideration when granting new mining development approvals.
The first half of 2013 has seen many announcements in relation to changes expected in the employment law arena.
The law of 12 July 2013 transposing the AIFMD introduces changes in Luxembourg corporate law and in particular in the partnerships’ regime.
A new breed of law firm business support professional is emerging to help law firms meet new challenges head-on.
In 2006, a professor bought a house in London with assistance from the college that employed him. This was a ‘shared equity’ scheme, which Mills & Reeve helped to pioneer many years ago.
One of the most striking features of the intellectual property landscape over the last year or so has been the burgeoning reputation of the PCC.
Manorial rights, such as sporting rights and rights to mines and minerals, are potentially valuable and continue to exist.
The president’s Climate Action Plan: its impact on moderating carbon emissions through ecological conservation download
By Brad Raffle and Anthony B Cavender
An insured’s failure to seek the insurer’s prior written consent to incur costs in connection with legal proceedings did not preclude the insured from being indemnified for those costs under the policy.
This article highlights some of the more significant changes brought about by the relevant amendments to the German Commercial Code.
Changes in April that tipped the balance in favour of employers have been followed by an EAT decision that is favourable to unions and the employees they represent.
Like the UK economy, this quarter’s Technology Barometer is looking increasingly optimistic as we progress through 2013.
The IRS has released Private Letter Ruling 201322009, which responds to a request for clarification on the proper application of certain ‘look-through’ rules.
Third parties wishing to proceed against an insurer under s6 must ensure they fall within the statutory limitation period download
Even where the event and the cover coincide, a third party wishing to proceed against an insurer under s6 must ensure that they fall within the statutory limitation period that would be imposed on any claim against the insured.
Tom Gibson from Outer Temple Chambers has appeared for the successful appellant in the Court of Appeal in Duffy v George.
When the government launched PF2, the Autumn Statement placed great weight on enhancing the transparency of arrangements between the public and private sectors.
The Serious Fraud Office is investigating only two cases relating to the Bribery Act more than two years after the law came into force.
The Supreme Court has changed the interplay between the national court and the EPO when considering a defendant’s liability to pay damages.
In early June 2013, HMRC launched a consultation on modernising the way in which the UK taxes corporate debt and derivatives.
We now look set to have a market for power that is fragmented along technological lines.
The government has made a series of announcements about some of its remaining pending reforms.
UK: beware of advertorials download
The growth of the social media industry within the last decade has been unprecedented. There is no doubting the influence of Facebook and Twitter.
Understanding indemnities download
Indemnities feature in many commercial contracts, but there are a number of common misconceptions about their nature.
It is well known that undue influence is notoriously difficult to establish in the context of a will.
Binder Grösswang advises clients on all legal aspects and issues of contractual arrangements regarding the marketing and web-related matters, product design and labelling, as well as intellectual property.
Unfair dismissal claim rejected despite employer's failure to respond to ongoing misconduct download
The Fair Work Commission refused an employee’s application for unfair dismissal despite finding that the employer was aware of his inappropriate behaviour.
Partner (tax department)
European legislation is often opaque and poorly drafted and has unintended consequences. The AIFMD is a particular offender in this regard.
The government’s public spending plans are having an impact on universities’ property teams.
The Hong Kong government has announced the appointments of the president and the vice-president of the Competition Tribunal.
Update: employee ownership download
Employee ownership is a topic that remains high on the government’s agenda.
Urban planning: an ideal or reality? download
Almost all land use in Guernsey is affected by urban planning on a daily basis.
US announces six-month postponement to the implementation dates for FATCA — the impact on UK FIs download
The US IRS has announced a six-month delay to the implementation of FATCA.
President Barack Obama has announced Power Africa, a new initiative to double access to power in sub-Saharan Africa.
The tax reform effort in the US Congress has accelerated this month, with a Dear Colleague letter being sent to senators asking for their help in crafting a tax reform bill.
Policymakers are increasing their focus on cyber threats on multiple fronts.
The US District Court has vacated the SEC’s resource extraction rule.
US SEC adopts final amendments to permit general solicitation or general advertising in private placement transactions under Rule 506 and Rule 144A download
The US SEC has adopted amendments to implement Section 201(a) of the JOBS Act relating to the use of ‘general solicitation or general advertising’ in certain US private placement transactions.
On 10 July 2013, the SEC adopted a final rule lifting the ban on general solicitation and advertising for certain private offerings of securities.
The US Securities and Exchange Commission has adopted much-anticipated amendments to its regulations on private offerings under Rule 506 of Regulation D of the Securities Act of 1933.
The SEC has answered a series of FAQs about the conflict minerals rule.
The US Supreme Court has extended the ‘nexus’ and ‘rough proportionality’ standards of its landmark Nollan and Dolan decisions.
US: A hitchhiker’s guide to technology, media and cultural innovation in the new frontier states of the American West download
More than Facebook, Twitter and Instagram, social media as a concept covers a diverse range of applications, techniques and issues.
There has been an explosion in the number and variety of mobile payments services available to consumers in the last couple of years.
During 2012, use of corporate blogging, Facebook and Twitter among Fortune 500 companies increased.
The Court of Appeal has today handed down an important decision that concerns a patent for a synthetic copolymer known as copolymer-1.
The High Court has held that a break notice that failed to comply with the express provisions of the break clause was nonetheless valid.
The Court of Appeal gave judgment recently in Ilott v Williams & Ors, unanimously upholding the trial judge’s decision that no partnership existed between four individuals. The court declared that for a valid partnership to exist, it required more than simply a decision to set up a business.
The Court of Appeal has clarified whether potential development value should be taken into account.
In the UK, employers often carry out pre-employment checks prior to making an offer of employment to an individual.
In the recent UK case of Woodhouse v West North West Home Leeds, the Employment Tribunal’s original judgment was overturned by the Employment Appeal Tribunal, producing an interesting outcome and one which some employers may find unpalatable and a step too far…
This 30-minute video hosted in association with BPP University College will help sixth formers and school leavers find out how they can take their first few steps to a career in law.
The government has introduced a ‘best practice’ guide for parties from the public and private sectors involved in operational PFIs and PPPs.
VTB Capital: Supreme Court decision download
The Supreme Court has decided that contractual liabilities of a corporation cannot be attributed to its controller by means of ‘piercing the corporate veil’.
Specialist waste lawyers from Walker Morris have advised Energos on a renewable energy project in Milton Keynes.
Corporate lawyers at Walker Morris have advised the management team on its buy-out of Buoyant Holdings.
In May 2013, US store Wal-Mart pleaded guilty to dumping hazardous waste in California and Missouri over a number of years.
The wave of US enforcement action curbing market manipulation in high-frequency trading has finally hit UK shores.
Shoosmiths has hired a new partner to head its Manchester property litigation team.
When trustees fail to act with the level of care required, the Charity Commission have clarified the approach that should be taken in its new policy: ‘restitution and the recovery of charitable funds misappropriated or lost to charity in breach of trust’.
On 24 June 2013, ASIC released a consultation paper proposing changes to the training standards for financial product advisers
Earlier this month, the Employment Appeal Tribunal delivered its written judgment in the Woolworths collective redundancies case.
The government has finalised its revised remuneration reporting regulations for directors in quoted companies.
The Federal Government has released the Insurance Contracts Amendment (Unfair Terms) Bill 2013.
What's up with apps in Hong Kong download
This review highlights the rising concern of data privacy enforcement authorities and the public on the collection and use of personal data by app providers.
The courts are frequently asked to determine whether a clause providing for payment of a fixed sum on breach of contract is a penalty or a genuine pre-estimate of loss.
The wave of recent enforcement actions against LIBOR-submitting banks has brought with it a destabilising undertow of new realities.
The Court of Appeal considered whether advice on an unregulated activity arising from a regulated activity was within the jurisdiction of the FSCS.
A landlord of an empty property may find himself or herself having to pay business rates.
In an unusual move, the High Court recently wound up a credit union on its own motion.
An Illinois court has held a nonsolicitation and noncompetition covenant unenforceable for lack of consideration because the employee’s job did not last two years after he signed the covenant.
On 1 January 2014, new workplace bullying laws will form part of the Fair Work Act 2009 (Cth).
The Jersey Employment Tribunal (JET) has recently struck out a claim for redundancy and payment of notice brought by a worker contracted under a zero hours contract on the basis that he was not an ‘employee’ and was not therefore entitled to bring any claims under the Employment (Jersey) Law 2003 (the Law).
Wimbledon has been jam-packed with surprises this year. As various top players have headed for the exit, so too in-house lawyers have pinged from one sporting company to the next.
This week’s legal market news has been dominated by the green light given to the trail-blazing merger of SJ Berwin and Asia-Pacific firm King & Wood Mallesons, a first-of-its-kind deal that will already have meant long hours at the coal face for support teams around the globe as they work towards closer integration (albeit not financial).
We all know by now that money doesn’t grow on trees. If it did, lawyers across the globe would have sacked off the boardroom for a bohemian life in the Brazilian rainforest.
This is the one. The one all of the bar has been waiting for. The hottest rankings of the year. Literally.
Another day, and another law firm on the brink. After Cobbetts in January and Semple Fraser in March, Midlands firm Challinors has become the third this year to inform the High Court that it was appointing administrators.
A couple of weeks ago we posed the question: do City lawyers give a stuff about legal aid? Despite all indications to the contrary, it’s starting to look like it.
How do you get up from an all time low, asked English-Irish pop combo The Wanted in 2010. Perhaps the boy band were belting out the words with the legal market in mind, given that we’ve seen a number of all-time lows and highs in recent days.
For the raven lunatics taking off this weekend, brace yourselves. This is apparently one of the times to fly. As everyone crams into the UK’s busiest airports, it’s London City airport’s ‘tern’ to wrap up their competitive tendering.
As Irwin Mitchell breaks through the £200m turnover milestone, sources tell us the firm is in talks with Lloyds Banking Groupover the outsourcing of its retail & wealth and asset finance litigation teams.
Hey, you lot at Latham & Watkins. If you’re after a little gift to put a spruce in your step and a song in your heart, we’ve found it. Not only is it a Friday, but Latham is putting you at the centre of its knowledge management (KM) strategy.
Question: What do Herbert Asquith, Alan Bennett and Mel B have in common? They’re all famous Leeds residents.
News flash: lawyers have lives outside the law. They are normal people with, like, hobbies and stuff.
Freshfields Bruckhaus Deringer and Linklaters have gone public with their results, showing the shock news that Freshfields has pipped its magic circle rival in the revenue stakes with a 7.2 per cent rise to £1.139bn.
Here’s an unusual one for a US firm. McDermott Will & Emery, snubbing the more usual trend for purely corporate, finance or at a push, international arbitration, has just hired a private client partner for its London office, bringing in partner Ziva Robertson from mega private client firm Withers.
Norton Rose Fulbright has been quite the lothario over the past three years, hooking up successfully with a couple of Canadian firms (Ogilvy Renault and Macleod Dixon), a South African (Deneys Reitz) and an Aussie outfit (Deacons) ...
What an interesting time to be a COO. Particularly if you happen to be COO of a firm with world-domination plans.
Well everyone else is talking about it, so we might as well. To those of you who sleep with a Blackberry under your pillow and haven’t seen daylight since Christmas - the royal baby is on its way.
It’s a boy! And doubtless PR agencies across the land are rubbing their hands in glee at the thought of cashing in on the Royal Baby
If you’re from the UK, good news – the Government says we’re 1.4 per cent happier than we were last year. According to the Office for National Statistics, the proportion of people rating their life satisfaction as seven or more out of 10 has risen from 75.9 per cent to 77 per cent in a year. Hooray.
Like Episode VII of sci-fi franchise Star Wars, the oligarch battles have returned. In this show, a heavyweight roster of lawyers replaces R2-D2, Jar Jar Binks, Obi-Wan Kenobi, Chewbacca and Jabba the Hutt, none of whom would have been particularly useful in planet Earth’s High Court.
Hands up to those who fancy taking the scarlet steam train to Hogwarts School of Witchcraft and Wizardry this weekend. If the offer was open to muggles (non-magical people), we know at least one group of lawyers who would be eagerly waiting at Platform 9¾.
This week, The Lawyer brings you a round-up of the City’s biggest deals in June. It has been a particularly busy month on Silk Street, with Linklaters storming Thomson Reuter’s UK and global rankings. The firm took the top spot worldwide by value, advising on $21.1bn (£14bn) of deals. In the UK, it took second place beneath German firm Hengeler Mueller, raking in a grand total of $13.5bn in deal value.
Legal anoraks, now really is the time to squeal, “Oh my, a merger”. The partners at the perennial bride-to-be SJ Berwin have finally given the thumbs up to a tie-up. And one with Asia-Pacific giant King & Wood Mallesons (KWM), no less.
The world is about to change. As The Lawyer reports today, SJ Berwin partners are gearing up to vote on a combination with King & Wood Mallesons (KWM) next week.
Having arrived on the UK scene at the height of post-LSA hysteria with its audacious acquisition of litigation and personal injury (PI) powerhouse Russell Jones & Walker in February 2012, Aussie listed PI specialist Slater & Gordon has proved today it still has its eyes trained on the prize of becoming the UK’s first consumer law household name.
Chinese companies are formalising their relationship with external advisers as more are adopting the panel system commonly used by their multinational counterparts. The latest to join the Western-inspired trend is state-owned conglomerate China Resources, which has traditionally turned to the likes of Slaughter and May and Reed Smith Richards Butler.
Professions are sold to boys and girls long before they stock up on free jelly beans at that first Freshers’ Fair. From day dot, science toys, construction sets and cars are marketed at boys, who go on to dominate the STEM fields – science, technology, engineering, and mathematics – while pink castles, dress-up dolls and play kitchens are advertised to girls, who dominate industries such as fashion and nursing.
Today’s ‘hottest barristers’ story has certainly got chins wagging at the bar, though the record revenues of £48.3m posted by London set 39 Essex Street will probably be of more interest than a bunch of well turned out lawyers.
And the winner is…former Taylor Wessing managing partner Michael Frawley, a lawyer who not only successfully managed to make his escape from the City a few years back but has now just scooped his dream job as head of a Kiwi museum where he gets to indulge his passions for photography, trains and planes.
It must be jolly fun to poke your nose into the purses of rival firms. But magic circle partners may go green today after they realise that PEP at litigation boutique Stewarts Lawis on a par with theirs at £1.1m. Those lucky enough to sit at the top of equity took home a whopping £1.4m last year. Good grief.
Next time you’re flat out on the sofa tucking into a TV dinner washed down by a bottle of fizzy pop, give a thought to the lawyers behind the screen. OK, this is probably not the most valued piece of advice you’ve received so far this year, but hear us out.
For many international litigants the draw of the English courts is their transparency.
Amber Melville-Brown discusses the privacy pressures facing the baby Prince of Cambridge
A&L Goodbody is strengthening its funds team with the hire of Maples and Calder partner Elaine Keane, who was previously an associate at the Irish firm.
Allen & Overy (A&O) has advised Norwegian telecom company Telenor in winning one of the first two licences for foreign companies to provide telecommunications services in Myanmar.
Nabarro has retained its role as lead adviser to UK Coal after the struggling company filed for administration, with administrators at PricewaterhouseCoopers (PwC) turning to Addleshaw Goddard.
Allen & Overy (A&O), Linklaters and DLA Piper are among the firms facing legal action over the hire of partners from collapsed US firm Dewey & LeBoeuf.
Addleshaw Goddard has hired former Skadden Arps Slate Meagher & Flom litigator Kambiz Larizadeh as a partner in its City litigation practice.
Addleshaw Goddard’s savvy move in snapping up Skadden Arps litigatorKambiz Larizadeh – who appeared on the other side in the mammoth Berezovsky v Abramovich case - is an apt reminder that legal innovation is not be the sole preserve of volume private client businesses.
Revenues at Allen & Overy (A&O) have risen by just 0.8 per cent at the 2012/13 year-end from £1.18bn to £1.19bn.
This week The Lawyer unveiled the first glimpse of this year’s top 100 largest law firms by revenue, a precursor to the annual UK200 which will be published in October.
ASB Law’s revenue has plummeted by almost 50 per cent between 2003 and 2013 to £8.8m in a tumultuous decade for the firm.
Ashurst is to review its development and promotion systems as it emerges that every trainee who failed to secure an NQ role at the firm came from a BME (black and minority ethnic) background.
Ashurst has posted a 9 per cent drop in average profit per equity partner (PEP) for the 2012/13 financial year alongside a roughly flat global revenue figure.
Ashurst is to scrap its senior partner position, currently held by Charlie Geffen, after its proposed full financial merger with Ashurst Australia, which is expected to take place later this year.
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region.
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region.
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region.
The former general counsel and deputy general counsel of Yahoo! have joined online real estate website Auction.com alongside Yahoo!’s former Asia Pacific legal head Eugene Lao.
Newly-listed Australian personal injury firm Shine Lawyers has set plans to expand into UK through acquisition, following in the footsteps of its listed rival Slater & Gordon.
Baker & McKenzie has shaken up the London management committee with partners Helen Bradley and Monica Kurnatowska added to the board.
Baker & McKenzie has made up 71 partners across its global network, eight more than last year, bringing its total to 1,450 partners worldwide.
Baker Botts has hired a large chunk of Norton Rose Fulbright’s Middle East operations, amid a rift between the post-merger firms legacy UK and US arms.
Baker & McKenzie’s London office will target emerging markets, global compliance and fixed-fee deals under a plan unveiled last week by new City managing partner Paul Rawlinson.
Baker & McKenzie is to strengthen its Spanish practice with the hire of five partners and at least another 15 lawyers from Mayer Brown ally Ramón y Cajal.
The world’s biggest money printing company De La Rue has chosen Baker & McKenzie as its preferred supplier for work outside the UK and US following a four-month tender which closed in October.
Barrister Alison Saunders is to take over as Director of Public Prosecutions, becoming the first crown prosecution service lawyer to be promoted to the top slot.
Berwin Leighton Paisner’s (BLP) revenue has fallen 5 per cent from £246m to £233m at the end of 2012/13.
Bevan Brittan has seen turnover fall for the fifth consecutive year with revenues down 3 per cent to £32.8m, the lowest point since 2007/08.
The volume of corporate transactions may have dipped dramatically, but law firms are still making decent money on takeover work, according to our latest exclusive survey of legal fees on public M&A. But how are the lawyers stacking up against the bankers? Are lawyers now at the heart of the boardroom?
Blackstone Chambers has shaken up its international strategy with the addition of leading Indian barrister Harish Salve, who is set to join chambers next week.
Berrymans Lace Mawer LLP (BLM) is to open a desk in the Lloyd’s of London building, its second office in the City.
Berwin Leighton Paisner today concluded its redundancy consultation, confirming it will cut more than 100 jobs at the firm.
Berwin Leighton Paisner (BLP) has delayed the release of its PEP figure until September as insiders claim profits have dropped by as much as 40 per cent.
Berwin Leighton Paisner is restructuring its Managed Legal Services (MLS) division after it emerged that Patrick Somers, who led the initiative, has left the firm along with fellow high-profile lateral Andrew Bamber, an acquisition finance specialist.
Personal injury firms have faced huge upheaval as a result of the Jackson reforms. Here Bott & Co explains how it is responding.
Writing about branding is akin to wrestling with an oiled octopus (yes, an oiled octopus), dancing with a jellied jackal or sailboarding with a slippery salamander. Sometimes, it is like doing all of those things with a squirrel on your head.
After months of market gossip, Asia-Pacific powerhouse King & Wood Mallesons and SJ Berwin have finally completed their merger talks. Earlier this morning (31 July) the two confirmed a November merger after the deal won the backing from partners.
Brodies has hired DLA Piper partner Neil Burgess into its corporate team.
Scottish firm Brodies has posted a 7.5 per cent rise in revenue and an increase of £75,000 at the top end of its equity spread.
Bryan Cave has hired two partners in Hong Kong from US rival Blank Rome, which has recently closed an office in the city.
Burges Salmon has posted solid results for 2012/13, with turnover increasing by 3.8 per cent from £71m to £73.7m in 2012/13.
British Virgin Islands (BVI) firm O’Neal Webster has launched a London office, headed up by former Walkers partner Christopher McKenzie.
Challinors calls in corporate recovery firm as it faces High Court battle over £250k loan from ex-client
Midlands firm Challinors is being sued over its alleged failure to repay a £250,000 loan and is in talks with corporate recovery specialists about the future of the firm.
A client of financially-strapped Midlands firm Challinors has complained to the solicitors’ professional watchdog after it emerged he could lose some £400,000 loaned to the partners over the last two years – in a move that has fuelled calls for the authorities to intervene in the practice.
It has been another eventful week in Asia Pacific.
Zhong Lun’s Robert Lewis comments on Asian legal rankings
Robert Lewis continues analysing Asian rankings.
British pharmaceutical giant GlaxoSmithKline (GSK) has instructed Chinese firm Jun He to represent it amidst investigations over several of its senior executives’ alleged bribery and tax violations.
The merger between King & Wood Mallesons and SJ Berwin was given the green light by partnerships from all sides earlier today. The ground-breaking $1bn deal, which will go live on 1 November, has also received wide support from the Chinese legal community.
Citibank’s India general counsel Sandip Beri has recently resigned to return to private practice with India’s largest firm, Amarchand & Mangaldas.
The City of London Law Society (CLLS) has joined the fight to defend access to justice in publicly-funded legal work following Government proposals to slash legal aid funding.
Edwards Wildman Palmer has cut eight support roles from its London office following a firmwide review of costs that has so far seen 35 support jobs go.
Average profit per equity partner (PEP) at Clarke Willmott has fallen by 14 per cent to £140,000 from £163,000 between 2011/12 and 2012/13, the lowest figure recorded since 2002/03 when PEP stood at £138,000.
Cleary Gottlieb Steen & Hamilton has become the latest firm to take advantage of Shearman & Sterling’s downsizing in Germany by hiring litigation partner Richard Kreindler in Frankfurt.
Clifford Chance and Allen & Overy (A&O) have advised on a state-backed merger between property companies Sorouh and Aldar One, to create Abu Dhabi’s largest real estate developer.
Clifford Chance advised longstanding client Abertis on the sale of Belfast International and Stockholm Stavsta airports to ADC & HAS Airports Worldwide.
Clifford Chance has hired a Italian partner dedicated to competition law with the appointment of Bonelli Erede Pappalardo partner Luciano Di Via.
Clifford Chance regional corporate head Guy Norman is to return to London after a three-year stint in Dubai.
Clifford Chance has posted a 2.5 per cent drop in revenue for the 2012/13 financial year against a 9 per cent drop in average profit per equity partner (PEP).
Clifford Chance has posted a 4.5 per cent drop in revenue for Germany ahead of the firm’s announcement of its global financial results next week.
Clyde & Co is eyeing further expansion in Africa, Latin America and the US during the current financial year after its international practices grew by 12 per cent in 2012/13.
The Court of Appeal has refused to quash an order preventing two Saudi princes from having their case heard behind closed doors.
Many firms are still feeling the effects of the recession. Profit per equity partner (PEP) - that disputed guide to law firm health - has been on the slide in a number of law firms. Whether it’s an erosion of market share or hefty capital expenditure, margins are under attack.
Collyer Bristow has settled a £50m professional negligence claim against it just days before the dispute was to be heard at the Court of Appeal (CoA).
The role of in-house lawyers is expanding beyond its traditional focus on legal work to include an increased focus on business issues, new research has revealed.
For once the big news this week in The Lawyer Management isn’t about layoffs, mergers or firms collapsing. This edition celebrates those firms that have made it onto the shortlist for our inaugural awards, which will be held on 24 September.
The Federation Against Copyright Theft (Fact) has taken on Group Lotus in-house lawyer Byron Jacobson as its first permanent general counsel.
As clients become increasingly discerning and cost-conscious, mid-level firms have caught a whiff of opportunity in the air.
Covington & Burling has hired energy partners Ben Holland and Jeremy Wilson from CMS Cameron McKenna after an increase in instructions from energy clients in London and Washington.
Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.
Tunbridge Wells-headquartered Cripps Harries Hall will merge with fellow Kent firm Vertex Law at the end of September.
You can’t escape royalist mania, if that’s what you call the heated debate over a baby’s name. But one thing’s for sure; if you want to be a partner at a law firm, make sure you’re called David or Sarah.
Iberian firm Cuatrecasas Gonçalves Pereira and France’s Gide Loyrette Nouel have both reported significant turnover decreases in London for 2012, with both firms making a loss from their City offices last year.
DAC Beachcroft has strengthened its corporate insurance and health real estate teams with two partner hires in London.
DAC Beachcroft has cut five fee earning positions after restructuring its London employment and pensions team.
DAC Beachcroft has announced a formal association with São Paulo-based corporate and commercial firm, Wongtschowski & Zanotta (W&Z) today.
Sullivan & Cromwell and Dillon Eustace have taken the lead roles for US pharmaceutical company Perrigo as it acquires Irish-headquartered biotechnology company Elan.
DLA Piper has appointed finance and projects partner Liam Cowell as its new Manchester office head, following the decision of incumbent David Gray to step down at the end of the year.
A majority of the DLA Piper staff asked to relocate to Edinburgh from the firm’s defunct Glasgow office have turned down the offer, with just eight out of 30 staff deciding to make the move.
Parabis went from zero to being a £100m turnover firm in less than a decade. There’s no sign that its growth and ambition are stopping. This year Duke Street took a stake in the volume insurance player, and Parabis has just applied for an ABS licence to go into partnership with Direct Line. It seems that nothing less than UK domination will do.
DWF has scrapped a total of 38 roles across the firm following redundancy consultations in May.
Legal software provider, Eclipse Legal Systems, has announced its latest international client with the win of Zambia-based Folotiya and Chiumya Legal Practitioners. This latest win adds a further international territory to Eclipse’s portfolio which also includes (outside of the UK), Latvia, Switzerland, Australia and Nigeria. Folotiya and Chiumya ...
US firm Edwards Wildman Palmer has launched a veterans placement programme aimed at introducing former armed service personnel to new careers in the civilian workforce.
Sometimes, working in an industry as highly pressured and focused as the law, it’s easy to lose sight of the bigger picture. Sometimes it’s easy to forget there’s a bigger and often much nastier world out there.
The end of July brings with it the usual judicial rush to get cases off the desk and into the public domain.
Epiq Systems, Inc., a leading provider of managed technology for the global legal profession today announced the opening of its offices in Tokyo.
Essex Court Chambers’ Geraldine Andrews QC, 3 Verulam Buildings’ Stephen Phillips QC and Wilberforce Chambers’ Christopher Nugee QC have all been appointed to the High Court following a bumper round of Court of Appeal appointments earlier this year.
All the latest partner hires and other appointments within Continental European firms and offices.
All the latest partner hires and other appointments within Continental European firms and offices.
Eversheds has secured a multi-million pound contract to be the primary provider of routine legal work to US water pump company and Tyco spin-off Pentair Flow Control.
Eversheds’ partners have given support to the firm’s vision of change, with a majority voting in favour of a transformative strategy.
Eversheds has posted a 2.7 per cent increase in turnover for the 2012/13 financial year to £376m, a similar rate of revenue growth as in 2011/13.
Lloyds Banking Group is in the early stages of talks with a number of panel firms to outsource its retail & wealth and asset finance litigation teams.
The University of Law is planning to launch a branch in Leeds and close in York, in a move that could double the number of course places the institution offers in the region.
Legal process outsourcing (LPO) provider Exigent is at an advanced stage of acquiring a technology company in the US as the firm’s latest international move.
Farrer & Co has seen its turnover push through the £50m barrier with a 2.4 per cent increase in revenue, from £49.6m in 2011/12 to £50.8m last year.
Field Fisher Waterhouse (FFW) has sealed a Chinese tie-up that gives the firm its first major outpost in Asia and ramps up its capacity for fast international expansion through a newly launched Swiss Verein.
Field Fisher Waterhouse (FFW) has seen a fall in 2012/13 financial figures, with turnover dropping 2.5 per cent to £95m and PEP down 2 per cent to £402,000.
Achieving growth in Asia may be harder than many expected. Clifford Chance’s 2012/13 results, announced yesterday, were a case in point.
According to new research released by Finaccord, an increasing number of organisations are acting as affinity or corporate partners for legal services, much in the manner that insurance and other consumer services have long been marketed through partnerships.
Herbert Smith Freehills (HSF) has unveiled its first financial results since merging, with revenues of £471.2m in the six months from October 2012.
The former legal director of the British Olympic Association (BOA), Sara Sutcliffe, has become interim CEO at the English Table Tennis Association (ETTA).
French firm Franklin has hired a seven-strong property finance team from Wragge & Co in Paris, including partners David Blondel and Henry Ranchon.
The Paris offices of Freshfields Bruckhaus Deringer and Gibson Dunn have picked up the lead roles on Etisalat’s proposed €4.2bn acquisition of Vivendi’s stake in Maroc Telecom.
Freshfields Bruckhaus Deringer has turned to bar heavyweight Tony Grabiner QC of One Essex Court to lead the defence of a £140m professional negligence claim against it by London Underground.
Freshfields Bruckhaus Deringer has hired Linklaters’ Singapore partner Arun Balasubramanian to co-head the firm’s India group.
Freshfields Bruckhaus Deringer saw its revenue grow by 7.2 per cent to £1.221bn in 2012/13 alongside increases in its average profit per equity partner (PEP) and net profit.
The Financial Times (FT) group is understood to have promoted senior legal counsel Dan Guildford to the role of general counsel, following the recent departure of longstanding legal head Tim Bratton.
Linklaters is advising G4S on a potential Serious Fraud Office (SFO) investigation into the private security company.
Sometimes learning to love someone takes a long, long time. Sometimes an individual’s single-minded pursuit of a potentially unattainable goal under the glare of media scrutiny can manifest itself in brusque behaviour. Sometimes that’s what it takes to confound the doubters and be a winner.
Geldards has confronted its third consecutive year of flat financials with plans to acquire niche public services practice TPP Law.
Gibson, Dunn & Crutcher has made its first Singapore partner lateral hire following obtaining a Qualifying Foreign Law Practice in the city state earlier this year.
German firm Gleiss Lutz is introducing paid one-month sabbaticals for associates and associated partners every three years in a move to improve the work-life balance of its lawyers.
SJ Berwin partners have voted to throw their lot in with Asia Pacific giant King & Wood Mallesons. It’s not the first Australasian deal - Norton Rose, Ashurst and Herbert Smith got there some time ago - but it’s notable for the simple fact that it’s the first ever merger of a UK firm with a Chinese practice. New horizons indeed.
Debevoise & Plimpton partner Peter Goldsmith QC is to challenge the Singaporean government over the state’s anti-gay legislation.
An internal memo sent to staff at Goodwin Procter last Tuesday insists that the closure of its San Diego office, which puts 22 jobs at risk, is not driven by financial considerations.
British pharmaceutical giant GlaxoSmithKline (GSK) has been embroiled in bribery probes in China. In the last few days the Chinese authorities have revealed details of the alleged fraudulent practices at the pharma giant, even before a criminal investigation is concluded.
Offshore firm Harneys has relocated litigator Philip Kite to London to launch a British Virgin Islands (BVI) dispute resolution practice in the City.
The newspaper industry is a funny old business. As publications make the quantum leap from print to digital, so media lawyers are increasingly leaping into unknown territories.
Herbert Smith Freehills (HSF) has overhauled its financial team with the introduction of two new roles, global chief financial officer (CFO) and financial director for UK, EMEA and Asia.
Herbert Smith Freehills (HSF) has made its third partner hire as it continues to build its new German operation.
Dragon’s Den star James Caan isn’t afraid to put his money where his mouth is. He’s not only invested in Midlands firm Knights but has declared that the firm should aim high - even to the top 20. That sounds like some acquisition spree for a £10m-turnover business.
Holman Fenwick Willan has posted a 13.8 per cent increase in its 2012/13 turnover to £141m from £123.9m in 2011/12.
The High Court has rejected a judicial review bid by a journalist to reveal correspondence between the Prince of Wales Prince Charles and government ministers.
It’s been a big day in the courts.
The University of Law - formerly the College of Law - often leads from the front. The news that it is closing its York branch and launching in Leeds is the latest bit of flag-planting from the institution that launched in Manchester in 2009 and Bristol in 2009. It’s confidence writ large.
Hill Dickinson has cut 83 roles following the consultancy launched earlier this year.
Private equity-backed Knights Solicitors has bolted on four partners and 20 staff through the acquisition of Hill Dickinson’s Chester office.
Partners at Hogan Lovells are voting on a potential office launch in Luxembourg with plans to open by the end of this summer.
Hogan Lovells has hired a two-partner team from Benelux firm NautaDutilh as it confirms plans to launch in Luxembourg next month.
A new website that claims to rank ‘The 21 Hottest Barristers in London’ has been met with much mirth at the bar.
The Court of Appeal (CoA) has rejected a bid by campaigners to block Government plans for the construction of the proposed High Speed 2 (HS2) railway.
Insurance giant Aviva has put back a review of its UK and group panel, with the overhaul originally scheduled to finalise this week.
InTechnology, which provides managed data and hosting services to a national portfolio of law firms, has appointed Gary Thomas as its new Client Account Manager.
A&L Goodbody has added to its presence in the US with the launch of a San Francisco office.
Irwin Mitchell has broken through the £200m mark for the first time, with revenues climbing 5.3 per cent rise from £190.1m to £200.2m at the latest financial year.
Allen & Overy’s success in advising Telenor on Myanmar’s first telecoms licence is proof, if ever one were needed, that the country is opening for legal business. The expat community in Yangon is bustling and good local law advice is at a premium. Check out our analysis below to find out more.
Orrick’s former Asia managing partner and China office leader Michelle Taylor has joined Jones Day’s Hong Kong office.
The London office of K&L Gates has made its second lateral partner hire in less than a month with the addition of energy disputes lawyer Mike Stewart from Pinsent Masons.
Keystone Law has kicked off its international expansion strategy by opening its first overseas office in Guernsey.
Private equity-backed Knights Solicitors has appointed a team of six town planners to the firm’s real estate team.
Midlands firm Knights has set out ambitions to break into The Lawyer UK Top 20 through making a string of acquisitions.
Latham & Watkins and Slaughter and May have taken the lead roles on Carlyle Group’s acquisition of global packaging supplier Chesapeake, marking Latham’s first deal for the trophy private equity client since hiring relationship partner David Walker from Clifford Chance earlier this year.
Latham & Watkins is putting its lawyers at the centre of its knowledge management (KM) strategy by rewarding them with full billable hours credit for time spent on approved projects.
Laven Partners, a global consulting firm providing professional consulting services to the alternative investment industry, continues its growth in Asia with the incorporation of a Singapore entity:Laven Partners (Asia) Pte Ltd.Laven Partners demonstrates that it continues to be resolutely committed to its Singapore office, a fast area of growth. The company has noticed a strong local wish to move away from the ‘old fashioned’ unregulated approach of running ...
Law firms are falling short when it comes to the effective management of key client relationships, new research has found.
Berwin Leighton Paisner (BLP)-backed alternative legal services provider Lawyers on Demand (LoD) has recruited Financial Times (FT) general counsel Tim Bratton as practice development director.
The first round of grants dished out by a gound-breaking £200m fund aimed at studying the legal profession received a lukewarm welcome this week, with one critic describing the awards as “prosaic” and “cosmetic”.
Legal fees on UK public M&A are dwarfed by those paid to investment bankers on the same deals, with lawyers billing up to 70 per cent less on takeovers during the first half of 2013, according to research by The Lawyer.
Legal fees on public M&A in the UK fell to just £26.1m in the first six months of 2013 after a relatively buoyant 2012, according to research by The Lawyer.
Journalists from the Sun have called into question Linklaters’ role in its investigation into phone hacking at News International (now News UK) in a secret recording made public today.
Linklaters has claimed a 1 per cent like-for-like increase in global revenue to £1.195bn against a 6.5 per cent rise in average profit per equity partner (PEP).
Linklaters has turned to Shearman & Sterling for the hire of capital markets partner Bertrand Sénéchal, some six months after a capital markets team left for White & Case.
Linklaters is sponsoring a three-day event at the British Library that will see four original copies of Magna Carta brought together for the first time in history.
Lloyds Banking Group lawyer Aamir Khan has joined global LPO Clutch Group as general counsel and senior director of UK business.
Logistics company Stobart Group has been granted an ABS licence for its latest legal enterprise, One Legal Ltd.
Yorkshire firm Lupton Fawcett Lee & Priestley and York’s Denison Till have announced they are in negotiations over a potential merger.
What lies behind Macfarlanes’ double digit growth?
Macfarlanes has posted a revenue hike of 11.7 per cent for 2012/13, taking turnover above £110m, alongside a 16 per cent jump in net profit.
Net profit has fallen to a 10-year low at Manches, dropping by 42 per cent from £3.7m to £2.15m, while average profit per equity partner (PEP) has fallen below £200,000 for the first time since 2004/05.
Internationalisation has been a long time coming at the bar, but the appetite for overseas offices is now gathering momentum as illustrated by news this week that Matrix is opening in Geneva.
Gray’s Inn set Matrix has set out plans for expansion overseas after launching its first international office in Geneva.
Blackstone Chambers is advising McDermott Will & Emery as the US firm faces pregnancy discrimination claims from a former associate in London.
Media firm Russells Solicitors has issued an apology for the actions of partner Chris Gossage, which led to the unmasking of Harry Potter author JK Rowling as the unknown writer Robert Galbraith, author of detective novel The Cuckoo’s Calling.
Mills & Reeve reported a two per cent increase in its 2012/13 turnover from £69.4m in 2011/12 to £70.9m, with its net profit up by four per cent from £19.5m to £20.4m.
Australian firm Minter Ellison has added two tax advisers to its Hong Kong office to spearhead the development of its tax practice in the region.
Mishcon de Reya has launched a new three-year growth plan that could see it shoot up the UK200 revenue table with a three-year budget target of £100m.
Software company Misys has named Simon Dowler as its new group general counsel, following the departure of Tom Kilroy earlier this year.
Morrison & Foerster has recruited two corporate partners, Jake Robson and Adam Summerly, for its relaunched Singapore office.
Hampshire firm Moore Blatch has hired corporate finance partner Stephen Clow from DMH Stallard to launch a new London office.
It’s just over a year now since Dewey & LeBoeuf imploded so spectacularly, forcing its lawyers around the world to look for new homes.
Morgan Lewis is set to pick up a finance team from Gide Loyrette Nouel’s Moscow office, the first lateral hire for the US firm after launching in Russia with a team from Dewey & LeBoeuf last year.
Morgan Lewis & Bockius is to launch in Dubai with a three-partner team from US rival Vinson & Elkins (V&E) including Middle East managing partner Ayman Khaleq.
Scottish firm Morton Fraser has announced a slight drop in both turnover and profit for the last financial year, with revenue dipping 2.8 per cent to £13.7m.
Celebrity defence lawyer Nick Freeman, better known as Mr Loophole, is turning his attention to defending a new breed of client.
Net profit has tumbled by 14 per cent at Trowers & Hamlins from £16.8m to £14.5m, while globally net profit is down by 21.4 per cent to £15.8m.
The Ukraine office of German firm Noerr is to split off from its parent firm to become an independent operation, known as Nobles.
Norton Rose Fulbright’s global revenue has grown to £845.3m excluding its newly acquired US arm, with the firm describing the hike as a 4 per cent like-for-like rise.
Offshore firm Ogier has relocated its two London-based lawyers back to Jersey, with its City office now focused purely on trust and administration services.
Olswang has bolstered its commercial litigation group with the hire of partner Bernard O’Sullivan, who will join the firm from Byrne and Partners in November.
Internet TV service YouView is set to launch its first formal panel of external lawyers by the autumn, under a year after hiring a new legal chief from Virgin Media.
Americans like to do things first. First to land on the moon, first to invent peanut butter and first to invent the lightbulb. So it makes sense that US law firms want to get in there, too.
Osborne Clarke is launching a Paris office with a partner hire from local firm De Gaulle Fleurance & Associés, some 15 months after disbanding its European alliance.
Osborne Clarke (OC) is to impose a landmark top-up training regime on all its recently qualified lawyers, insisting they pass strict exams in specialist practice areas.
Osborne Clarke has reshaped its German management team to bring it more in line with the firmwide governance structure, naming Cologne-based corporate partner Carsten Schneider as managing partner.
Heatwaves and salary squeezing can only mean one thing: a summer staycation. According to hotel chain Travelodge, two-thirds of Britons are taking a summer holiday in the UK this year – up from 41 per cent in 2012.
Pannone’s white label legal arm Pannone Affinity has hired Jonathan Gulliford, one of the founders of Co-operative Legal Services, as part of an ongoing growth drive.
Mishcon de Reya has recorded average profit per equity partner (PEP) of £840,000 for the 2012/13 financial year, an increase of 20 per cent on last year’s figure of £700,000.
Average profit per equity partner has fallen by 11 per cent at Sacker & Partners from £860,000 to £765,000
Hill Dickinson’s financial results have shown a 15 per cent drop in average profit per equity partner (PEP) and 11 per cent drop in net profit, despite posting a slight increase in turnover for 2012/2013.
DAC Beachcroft has announced revenues of £188.2m for the financial year 2012/13, up by 14 per cent from £164.8m in the audited accounts for 2011/12.
The expansion of the equity partnership at HowardKennedyFSI has cut average profit per equity partner (PEP) at the combined firm by almost half to £128,092.
Pinsent Masons’ former dispute resolution and litigation head Nigel Kissack has joined South African legal process outsourcing (LPO) provider Exigent as global strategy consultant.
Portuguese-led alliance Miranda has added its tenth African office, tying up with Cameroon’s Abeng Law Firm as it continues to expand across the continent.
Stacks of hundred-dollar bills are all some people see when they’re talking energy. If you haven’t noticed, take a look around. US firms are hiring energy partners in London quicker than you can say “I love fracking and I love to frack”.
It’s taken months of battling through the secretive private equity industry, but today The Lawyer reveals the results of its in-depth review of this intriguing sector for law firms. Covering deals and fundraising, the report unveils the influential private-practice and in-house names in the market and profiles 35 in-house teams including those of Blackstone, Cinven, KKR and Bridgepoint.de
Average profit per equity partner (PEP) has fallen at nearly half of the UK200 firms to have provided figures for 2012/13 so far, The Lawyer research has revealed.
Lawrence Graham has become the latest firm to announce a sizeable drop in profitability, with average profit per equity partner (PEP) sliding by 14 per cent between 2011/12 and 2012/13 to £260,000.
Top earning civil barristers are threatening revolt over plans to charge them a practising certificate fee (PCF) based on annual income.
Sir John Thomas, currently president of the Queen’s Bench Division, has been named as Lord Chief Justice, succeeding Lord Justice Judge.
French firm Darrois Villey Maillot Brochier, Benelux firms De Brauw Blackstone Westbroek and Nauta Dutilh, and US outifts Latham & Watkins and Wachtell Lipton Rosen & Katz have scooped the lead roles on the world’s biggest advertising merger.
Rajah & Tann has expanded its coverage in Malaysia with associate firm Kamilah & Chong completing a three-way merger to create enlarged firm Christopher & Lee Ong.
High street retailer Topshop has lost a High Court battle with international pop star Rihanna.
Normally it’s bad news that sells. But just for a change we’ve decided - since it’s Friday and maybe just because we’re a generous bunch at heart - to talk about the good news in the legal industry
Midlands firm Challinors has filed a notice to appoint administrators following a meeting between the partners on Monday.
Eversheds has seen approximately 45 partners leave the firm since the start of January 2012.
Freshfields Bruckhaus Deringer has posted the largest percentage change in turnover among the magic circle for the 2012/13 year, with the outlook for the top 50 firms remaining positive despite fears of a major slump across the profession.
London set 39 Essex Street has revealed turnover for the first time in two years, posting revenues of £48.3m.
Pop superstardom came to legal market battle of the bands Law Rocks last night in the legendary form of Blur’s drummer Dave Rowntree, who graced a judging panel tasked with finding a winner from a record eight raucous and unusually sweaty lawyer-led bands.
A Russian court has found the late Sergei Magnitsky guilty of fraud. The lawyer was arrested by the authorities after accusing officials of tax fraud, and his death in custody in 2009 led to diplomatic rows between Russia and the US. How much is the Russian justice system politically motivated?ed
Price point and service model are the first areas on which the UK legal market is segmenting, but as Barclays’ Lee Everson says, there is more to come.
The SFO is on course to rack up legal fees well in excess of £1.2m on a monumental disclosure exercise in the defence of a £200m damages claim brought by businessmen brothers Vincent and Robert Tchenguiz.
Shakespeares has posted revenue of £39.6m for the financial year 2012/13, up 34 per cent from £29.6m in 2011/12 following its latest merger in September.
As you might expect from the CEO of a firm with a track record of making as many acquisitions as Shakespeares has, Paul Wilson is a pragmatic chap.
Despite posting a rise in turnover, Shoosmiths has reported a drop in net profit and average profit per equity partner (PEP) for the 2012/13 financial year.
Simmons & Simmons has posted a slight drop in turnover from £251.7m to £250.3m for the 2012/13 financial year, with a similar drop in average profit per equity partner (PEP).
SJ Berwin and King & Wood Mallesons have voted in favour of a $1bn tie-up. But both have been discussing mergers with various firms for several years. We take a look back at their paths to global domination.
SJ Berwin is in the early stages of talks to outsource its document production unit amid a surge by City firms to seek out more efficient ways of operating.
SJ Berwin partners will vote on a combination with King & Wood Mallesons next week.
SJ Berwin has turned to management consultancy giant McKinsey & Company for the hire of its first chief operating officer (COO).
A heavyweight roster of lawyers is gearing up for the latest instalment of the High Court battles between billionaire oligarchs, in what could become a re-run of the mammoth Berezovsky v Abramovich legal battle.
A smashing week for Slaughters indeed. Two of its chunky corporate deals have been announced, including Siemens’ €1.7bn sale of its 50 per cent stake in joint venture Nokia Siemens Networks to Nokia, and Carlyle’s buyout of Nottingham packaging business Chesapeake from Oaktree Capital and Irving Place Capital – reportedly worth more than £500m. ...
Slaughter and May might be associated with high-end UK corporates such as Diageo, Standard Chartered Bank and Marks & Spencer, but its client base is much broader than that.
Slaughter and May has been appointed to advise the Treasury on the break-up of the Royal Bank of Scotland (RBS) following a competitive pitch process.
Shearman & Sterling and Slaughter and May have won roles on Nokia’s €1.7bn (£1.5bn) acquisition of Siemens’ 50 per cent stake in Nokia Siemens Networks (NSN).
The High Court has granted a non-disclosure injunction to an “elderly solicitor” preventing his former younger lover from disclosing details of their relationship.
Spanish firm Broseta Abogados has launched a Latin American alliance with counterparts in Colombia and Mexico as part of a plan to target investment flows in and out of the region.
The SRA has extended the term of office of chair Charles Plant for a year, with the former Herbert Smith litigation partner now stepping down at the end of next year.
Stephenson Harwood is hiring partner Lisa Marks from Berwin Leighton Paisner (BLP), where she has been a partner in the finance practice since 2008.
Stephenson Harwood has recorded a 2 per cent boost in turnover, from £110.2m in 2011/12 to £112.3m in 2012/13.
Litigation boutique Stewarts Law has posted revenue of £45.2m at the 2012/13 year-end, with average profit per equity partner (PEP) on a par with the magic circle at £1.1m.
Stewarts Law is to scale back its US operations in favour of an alliance model as it targets £50m turnover within the next 12 months.
Herbert Smith Freehills (HSF) and Linklaters have triumphed in the crucial pension scheme deficit case brought by the administrators of the Lehman Brothers International (Europe) and Nortel schemes in the Supreme Court.
Taylor Wessing is set to axe 22 secretarial roles as its redundancy consultation involving all 96 of the firm’s current UK-based secretarial staff comes to a close.
Former Morgan Stanley head of compliance for Southeast Asia, Nizam Ismail, has joined Taylor Wessing’s Singapore office as a partner to lead its regional compliance solutions unit.
Taylor Wessing’s Singapore arm is planning to launch a regional network under which it will form associations with local firms across the South East Asian region.
Every now and again a firm’s news is like a London bus – it comes round in twos. So it was with Baker & McKenzie yesterday, when its announcement of 71 partner promotions coincided with the day IP partner Paul Rawlinson stepped into former London chief Gary Senior’s shoes to become, dare we say it, the London boss.
While the world rejoices and celebrates the birth of Britain’s royal baby today, the international legal fraternity is still eagerly awaiting the completion of the proposed merger between SJ Berwin and King & Wood Mallesons.
Brecher managing partner Nicky Richmond found she wasn’t keen on surprises when she visited Grain Stores.
The High Court has ordered the Sunday Times to pay £180,000 damages to former Conservative Party treasurer Peter Cruddas over allegations he profited from setting up meetings with the Prime Minister David Cameron.
Insurance claims management service Trinity Claims – part of TrinityM Limited – has chosen Lexis Visualfiles, a rapid development case and matter management system, to fit into its versatile and responsive claims handling operation based in Tonbridge, Kent.
Dundas & Wilson has reported a 10.6 per cent fall in turnover from £54.5m to £48.7m at the end of the 2012/13 financial year.
The legal profession is a cash cow for public relation (PR) agencies, with UK Top 50 spending £3m annually on external PR advice, new research today claims.
What impact are ABS firms having on the insurance legal market?
A national expansion drive has driven revenues up at TLT.
Smaller firms have seen a tighter squeeze on revenues compared with their peers, the latest figures coming out of The Lawyer UK200 firms reveal.
Vinson & Elkins (V&E) has hired Salans’ former head of UK international arbitration, George Burn, from Dentons to join its London office.
Sidley Austin has becoome the first firm to benefit from the imminent closure of Vinson & Elkins’ (V&E) Shanghai office, picking up energy partner Tju Liang Chua.
Vinson & Elkins has confirmed plans to close its Shanghai office in a bid to consolidate its China practice to focus on state-owned energy companies.
Walker Morris has announced a 2.4 per cent rise in turnover, from £41m in 2011/12 to £42m in 2012/13, along with a 3.4 per cent dip in net profit.
Northern firm Ward Hadaway has reported a 10 per cent rise in turnover and 14 per cent increase in average PEP for the 2012/13 financial year.
Watson Farley & Williams has seen a 13 per cent fall in average profit per equity partner (PEP), despite reporting a 2 per cent increase in turnover for 2012/2013.
Wedlake Bell has seen its revenue boosted by 49.4 percent in 2012/13 after its April 2012 merger with Cumberland Ellis (1 February 2012).
Media boutique Wiggin is to cancel its trainee scheme from 2015, citing client demand as the sole reason for the decision.
Willkie Farr & Gallagher has launched a restructuring practice in London with the hire of Kirkland & Ellis partner Graham Lane.
Withers has announced it has made up eight associates to its partnership across five of its 10 global offices.
Withers was in the front line of a controversial Supreme Court challenge to the legal definition of religion in England today, acting for a woman wishing to marry her fiancé in the Church of Scientology.
Withers private client partner Ziva Robertson has quit the firm to join McDermott Will & Emery in London.
After a considerable amount of work, the Government has finally introduced new rules for employment tribunals this week.
Wragge & Co has moved to strengthen its Paris real estate team with the appointment of four lawyers from Bird & Bird, a fortnight after losing seven property finance lawyers to boutique Franklin.
Midlands firm Wright Hassall has seen a marginal increase in turnover but a sizeable drop in profit after investment in IT systems last year.
The women behind the Tumblr Your Barrister Boyfriend, which rates barristers according to their appearance, will launch a female equivalent in the next four weeks.