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Latest Briefings

Cartels in Romania

Government Emergency Ordinance 39/2017 of 31 May 2017 transposed the EU Directive on Antitrust Damages Actions (2014/104/EU) into national law and made a number of other amendments to the Competition Law (21/1996), including as follows: • The definition of an undertaking has been modified. • Undertakings that engage in the modern trade of foodstuffs and […]

Social Housing Monthly Law Update – November 2018

By David Isaacson TLT provides monthly law update on all things affecting social housing. Key highlights of this month include:  New ICO GDPR guidance: Passwords and encryption in online services and websites  Houses in Multiple Occupation (HMOs): important changes  Government announces new generation of council housing  Continuity of planning (environmental) requirements when the UK leaves […]

Romania: Supreme Court renders decision on the point of law

By Dana Rădulescu, Anca Băițan Supreme Court’s Decision highlights The Supreme Court rendered the Decision no. 53 rendered on June 18, 2018, recently published in the Official Gazette on November 5, 2018, on the point of law (the ”Decision”). To put things in context, we mention that the Supreme Court renders a Decision on the […]

Impact of UK property changes on Jersey and Guernsey structures

The UK Government has announced that with effect from April 2019, it intends to bring non-UK investors into scope for either capital gains tax (“CGT”) or corporation tax (“CT”) on any direct or indirect gains made in relation to investments in UK property. Jersey and Guernsey have responded to the public consultations and liaised with […]

Switzerland – Proposed new class action procedure

By Dr Urs Feller, Nina Lim In Switzerland, typical class actions as known in many other jurisdictions are not available. However, ‘Dieselgate’ and similar cases also affect consumers in Switzerland. If a large number of people suffer the same or similar damage, each has to file their claim individually. While total damages are usually large the individual […]

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Bar Talk

Castle Indemnity is under siege. First the outer defences have been breached and the link between what the client pays and what the loser pays is broken by introducing con-cepts of average and com-posite rates. Then conditional fees break through another wall, followed by collective conditional fees. It seems that the castle is about to […]

Akubio

Mills & Reeve has added to its involvement in money raising for local ventures in Cambridge by securing seed and second round investment for Akubio. The spin-out from the University of Cambridge’s chemistry and pathology departments has devised a virus and bacteria detection technology based on sound waves. This series of transactions for Akubio guarantees […]

Wilson Sonsini axes August bonus payouts

Associate bonuses are first to get the chop as the Valley starts to panic Silicon Valley firm Wilson Sonsini Goodrich & Rosati has withdrawn August bonuses from associates as it battles to cut costs in the face of a corporate slump.The firm has warned its associates not to expect much in the way of bonuses […]

Lovells posts highest ever profit figures

Lovells has posted figures this year of £286.5m – and reaped record profits. Partners at the top of equity are now on £708,000, with the most junior equity partners on £283,000.All top equity partners who were partners in the legacy Lovells firm prior to its merger with Boesebeck Droste will benefit from an extra payout […]

Romania forces foreign law firms to change their names

In an attempt to temper the dominance of international firms in Bucharest, the Romanian government has ordered all foreign entities in the capital to change their names. Firms such as Linklaters & Alliance, CMS Cameron McKenna and Altheimer & Gray have all been told to give up their brands or face possible criminal prosecution.A law […]

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