Ashurst advises CarVal on Lehman’s £100m salary lifeline

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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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Heyday: the end of the beginning

Yesterday the advocate-general to the European Court of Justice rejected the first major challenge to the right of employers to make people retire at 65. The Heday case, brought by the charity Age Concern, has been running since 2006 to clarify the laws governing age discrimination around retirement. Just occasionally the prospect of a significant […]

Trust will be key in Keegan v Newcastle

Football fans have been amazed by the recent high-profile employment conflict between Kevin Keegan and Newcastle United, which resulted in failed late-night discussions at St James’ Park to convince Keegan not to walk out on his job. While negotiations continue in private, allegedly to avoid legal proceedings, the fans are left wondering whether Keegan will […]

Irwin Mitchell chief to step down in 2009

Irwin Mitchell managing partner Howard Culley has announced that he has decided to retire from the firm – just eight months after being re-elected to the role. Culley, whose successor will be announced in December, has been the firm’s managing partner for the past 20 years and was at the forefront of a push to […]

A&O raids Shearman for Munich launch

Allen & Overy (A&O) is to open its fifth German office in Munich next month.The new office will be headed by Shearman & Sterling’s current Munich chief Gottfried Breuninger, who is also Shearman’s global co-head of tax. He will join with Munich M&A partner Astrid Krüger, who was made up at Shearman in 2006. A&O […]

Wall St woes: Foul-weather friends

Sullivan & Cromwell chairman Rodgin Cohen has deservedly garnered headline after headline in recent weeks. With almost four decades of experience, Cohen has won roles on deals that have kept him – and his firm – firmly at the centre of dealing with the US financial turbulence. But it’s not all about Cohen. The main […]

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