Ashurst Morris Crisp (Mark Vickers) advised ING Bank

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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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Cadwalader dumps summer spongers

US firm Cadwalader Wickersham & Taft has abandoned its summer placement scheme after finding that it was being taken for a ride. The original scheme gave UK students the chance to spend a month with the firm, including a week in the New York office.However, the firm found that a large number of those taking […]

Deal of the week – Tempo group

SJ Berwin drives Tempo administration for PwC SJ Berwin is advising PricewaterhouseCoopers (PwC) on its petition for the administration of the Tempo Group.Tempo’s relationship with SJ Berwin stretches back 15 months to when the company approached the firm and asked it to advise on its debt restructuring. Tempo said it could not carry its debt […]

Condé Nast guided by Manches in acquisition

Manches is helping Condé Nast Publications acquire six titles from the Daily Mail & General Trust.Johansens Guides, which offers global hotel and leisure recommendations, will be known as Condé Nast Johansens from 2003.It will become part of the international group Advance Magazine Publishing, which also owns Vogue, Tatler, GQ and The New Yorker.Matthew Martin, Manches […]

Weil Gotshal wins Birds' ex head of e-commerce

Weil Gotshal & Manges has recruited Bird & Bird’s former head of e-commerce, Graham Defries. The Lawyer revealed last week that Defries had resigned from the Bird & Bird partnership. Currently on gardening leave, Defries is keen to start as soon as consensus can be reached between the two firms.He said: “I had decided that […]

A&O pursues get-out for WPP in Tempus takeover

Allen & Overy (A&O) appeared last week to be trying to find a last-ditch get-out clause for its client, advertising firm WPP, to extricate it from the takeover of Tempus. WPP had offered Tempus shareholders 555p for every share held in the media buying agency and about 94 per cent of shares were in the […]

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