Chosen few set to profit from Lehman and Merrill crash and burn

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Latest Briefings

Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive

The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…

Social housing monthly law update – June 2018

This month’s TLT’s law update on all things affecting social housing includes: Automatic disqualification rule changes: Charity Commission declarations GDPR enforcement and penalties: What you need to know Dress codes in the workplace: New government guidance Government announces it will fully fund unsafe cladding removal in social housing Viability argument for 10% affordable housing fails…

From footfall to clicks – experts talk retail risk

By Gary Assim and Sarah Teal Poundworld has entered administration, and just before that it was announced that House of Fraser would be closing 31 stores, many of which are in some of the UK’s largest cities. It is no secret that many retailers have been adversely affected by the shopping habits of consumers, ever […]

Austria: The time has come – Federal Procurement Act 2018 just around the corner

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

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City trio bag roles on Bradford & Bingley rescue

Ashurst, Herbert Smith and Slaughter and May have been handed leading roles in the rescue package for Bradford & Bingley. After a weekend of emergency negotiations, it was agreed that Spanish bank Santander will take over B&B’s savings business and branches while the £50bn lending business will be nationalised. Herbert Smith corporate head Michael Walter […]

Welcome

This week The Lawyer reported that Cobbetts is to make 40 fee-earners redundant – its second wave of redundancies this year – while Blake Lapthorn is in discussion with 43 members of staff and Finers Stephens Innocent with a further 6 real estate fee-earners plus support staff. This follows on from the previous week’s news […]

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 […]

Stay put – unless you want to work abroad

Now is not the best time to resign, even if you do not like your job. News that 30 real estate jobs are under threat at Wragge & Co (TheLawyer.com, 22 September) is indicative of the current climate. As The Lawyer reported last week, the majority of the 440 jobs that are expected to go […]

Wragges cull: fee-earners pay £3m price of real estate slump

The announcement that Wragge & Co is to make 30 fee-earners redundant should hardly come as a surprise. Corporate and real estate – the two ­sectors that have been most affected by the downturn across the legal market – were together responsible for almost half the firm’s revenue last year. What is surprising is how […]

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