Bloxham case: Freshfields reveals £24m severance costs

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Latest Briefings

Bulgarian pension funds: New opportunities for banks to enter into repo transactions and derivatives

By Tsvetan Krumov The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds. There are various types of private social security funds under Bulgarian law depending on the social security risks they cover. However, as the regime for derivatives and repo transactions is identical for all […]

Amsterdam District Court: Museum Map Foundation must provide data to tax authorities on museum visits

By Anke Holtland Yesterday, the Amsterdam District Court ruled in summary proceedings that the Museum Map Foundation must provide data to the tax authorities on museum visits by one specific museum card holder. What was going on? The Tax and Customs Administration demanded the information about museum visits from one specific museum card holder for the period 2014 to […]

Rules and weightings for 4th Dutch Offshore Wind tender (HKZ III&IV)

By Roland de Vlam, Redmar Damsma With the tender for the Hollandse Kust Zuid III & IV offshore wind sites in Q1 2019 rapidly approaching, potential contesters and other interested parties are awaiting the publication of the definitive version of the Ministerial Regulation holding the rules and weightings related to the tender procedure and criteria […]

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Shipping: Lords on the sea

A recent Lords decision will see more shipping disputes go to arbitration when charterparty agreements are reneged upon. Nigel Wagland and Kevin Oram report The House of Lords’ decision in Golden Strait Corporation v Nippon Yusen Kubishka Kaisha (2007) in May has important practical implications for the charter market and for London shipping litigators in […]

Lenovo poaches Howrey partner as new GC

Personal computer manufacturer Lenovo has hired Michael O’Neill as senior vice-president and general counsel from US firm Howrey. O’Neill will be responsible for the company’s legal, corporate governance, security and government relations globally and will be reporting directly to the company’s chief executive and president William Amelio. He replaces outgoing general counsel James Shaughnessy, who […]

A tough act to follow

So it’s bye bye Fiona, hello Andrew. Last night the great and the good of the Law Society gathered to pay their respects to Fiona Woolf, outgoing president and the first of her ilk in years to know her way around the City. So it’s bye bye Fiona, hello Andrew. Last night the great and […]

A&O bags Unicredit hat trick with subsidiary’s Ukrainian purchase

Allen & Overy (A&O) has secured its third deal in two months for banking group Unicredit, advising on Bank Austria Creditanstalt’s (BA-CA) acquisition of Ukrainian bank Ukrsotsbank. BA-CA, which is part of the Unicredit Group, acquired 95 per cent of Ukrsotsbank from Interpipe Group for E1.52bn (£1.03bn). A&O partner Pervez Akhtar, who led the team […]

CMS makes 22 redundant and sends IT offshore

City firm CMS Cameron McKenna is to slash its IT staff count by two-thirds as part of its plan to outsource more of its work. The firm has entered into a £10m ‘co-sourcing’ agreement with Indian firm HCL Technologies, which will see HCL providing integrated services, including data support, IT infrastructure management and application development […]

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