Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

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Co-op ABS plans to create thousands of legal jobs

The Co-operative Group has unveiled plans to create 3,000 jobs in the legal sector as it aims to revolutionise how legal services are delivered on the high street. The SRA approved the group’s plans to convert Cooperative Legal Services (CLS) to an alternative business structure in March (28 March 2012). Today, the company said it […]

William Hill bets on Ashurst for rights issue

Ashurst has secured a key instruction frm William Hill over its plan to raise £1.2bn in a rights issue and debt facility, alongside Allen & Overy (A&O) and ­Skadden ;Arps ;Slate Meagher & Flom. Ashurst corporate partner Anthony Clare advised the gambling group, while ­Skadden capital markets partner James Healy acted for the underwriting banks […]

Sonnenschein shuts Charlotte as work dries up

Sonnenschein Nath & Rosenthal has closed its 11-lawyer Charlotte office due to the declining demand for legal services The US firm’s chairman Elliott Portnoy emailed the firm last Friday (27 February) to announce the move after partners voted on the closure. Some Charlotte-based lawyers will be relocated to busier parts of the network. The remaining […]

Slaughters gets nod from Land Securities

Land Securities has turned to ­stalwart adviser Slaughter and May on its £755.7m rights issue. The Slaughters team was led by corporate partner Gavin Brown, assisted by corporate associates Richard Smith and Grace Impey, tax associate Richard Jeens and pensions associate Ellen Swan. ­Freshfields Bruckhaus Deringer partner Simon Witty is acting for the banks.

Redemptions on song?

Recent Cayman, Bermudian and BVI court decisions have given practitioners a heads-up on fund redemption legislation. With the hedge fund industry severely impacted by recent events, many offshore funds have been left facing serious liquidity issues and substantial redemption requests they cannot meet. In order to trade out of difficulty or preserve assets for the […]

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