Cadwalader creates flood risk bond to protect City

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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Berryman makes up two, hires one

•Midlands-based Berryman has made two internal partner promotions and one lateral hire. Property development specialist Adam Youatt, IP lawyer Scott Farnsworth and commercial contracts expert Ed Wright took up their posts in April. Youatt and Farnsworth are both established Berryman lawyers, while Wright joins from Denton Wilde Sapte. Managing partner James Jarvis said: “These are […]

A&O associates receive salary hike to rival CC’s

Allen & Overy (A&O) has made a token increase to its associate base salaries, raising them in line with the market rate set by rival Clifford Chance two weeks ago. The magic circle firm has not publicly released the improved salaries, but it is understood that newly-qualifieds’ pay now stands at £64,900, compared with Clifford […]

The work-life quiz with Jonathan Stephens

What was your first-ever job?Haymaking in the summer of 1976. Fortunately it was the year of the severe drought and the bales were really light. Name: Jonathan Stephens Firm: Wilsons Title: Managing partner Lives: Dorset Education: Sevenoaks School; London School of Economics; College of Law Work history: 1980: Qualified as a solicitor; worked in the […]

Freshfields follows CC into debate on liability caps

Following The Lawyer’s revelations last week (23 April), Freshfields Bruckhaus Deringer will reassess its approach to managing risk by looking at introducing liability caps in the UK beyond sell-side due diligence to the buy-side. It has already managed to introduce buy-side liability caps in Germany and the Netherlands on several occasions, as such measures are […]

Simmons’ Spanish tie-up seals deal with Acciona

Simmons & Simmons has scored a deal with blue-chip Spanish client Acciona Energia one month into the firm enlarging its Spanish operation. This is the first deal Simmons has advised Acciona on outside the UK, with the instruction coming via a recommendation from the London office. Acciona acquired solar power plant Amper Central Solar from […]

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