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Latest Briefings

Rectification of the terms of a private equity financing transaction

Terra Firma has successfully obtained rectification of the terms of a private equity financing transaction completed in 2012, concerning the Four Seasons care homes business [FSHC Group Holdings Limited v Barclays Bank Plc]. The transaction required the Parent company to provide security over a particular shareholder loan which was part of the overall funding package. […]

New opportunity for permanent residency in Alberta

By Krista Schofer The Alberta Immigrant Nominee Program (AINP) recently announced highly anticipated changes to its permanent residency program. Effective June 14, 2018, the Alberta Opportunity Stream (AOS) is available as a potential path to permanent residency in the province. The AOS replaces the Employer-Driven Stream and Strategic Recruitment Stream under the AINP. The AOS […]

Global skills strategy update GTS occupations list

By Lesley A Love The Global Skills Strategy is a pilot project launched by IRCC in June 2017. The program is designed to give Canadian employers quicker access to highly qualified global talent. Changes were recently announced to one part of the GSS, as outlined below. Employers using the program should be aware of these changes…

All fair in love, war and commerce

By Jonathan Haydn-Williams The traditional position under the contract law of England and Wales (which I shall, with no disrespect to Wales, refer to as ‘English’ law) has been that, save for contracts giving rise to a fiduciary relationship (eg a contract between agent and principal), a duty of good faith in the performance of […]

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Skadden secures first Lehman Bros instruction

Skadden Arps Slate Meagher & Flom has won its first instruction from Lehman Brothers in France on the privatisation of the French motorways. Lehman, which has hired a number of heavy hitters to target the European equities market, conducted a beauty parade after being named joint financial adviser with Société Générale on the Société des […]

Virgin territory

The British Virgin Islands has recently introduced legislation aimed at satisfying international regulatory requirements, and more is planned. By Stephen Moverley Smith During the late 1990s a number of low-tax jurisdictions, including the British Virgin Islands (BVI), were the subject of a concerted campaign by a number of pan-jurisdictional entities, such as the EU, the […]

Law Soc president warns of ‘far-reaching’ reform

The President of the Law Society warned last week that solicitors face “the most far-reaching reform of the profession in decades”. Speaking at the Law Society Annual Conference in Birmingham on Friday (15 October), Edward Nally said that “the Law Society Council has mapped out a vision” for reformation of the way the profession is […]

Halliwells set for London assault

Halliwells is gearing up for an assault on the London market after investing in new City premises. The firm, which currently operates from two separate offices in the City, will take up 23,200sq ft at 1 Threadneedle Street from November. Managing partner Ian Austin said: “It’s a tremendous defining moment for the London office. It’s […]

Glazer’s controversial MUFC bid goes to A&O

Allen & Overy (A&O) has scored a high-profile instruction from Malcolm Glazer, the Florida tycoon who is trying to take control of Manchester United FC (MUFC). However, the firm looks set to run the gauntlet of MUFC’s fans after accepting the instruction. Glazer’s proposed bid has provoked fierce opposition from fans, who last week poured […]

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