Corus bondholders turn to Cadwalader for help

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Latest Briefings

Cartels in Romania

Government Emergency Ordinance 39/2017 of 31 May 2017 transposed the EU Directive on Antitrust Damages Actions (2014/104/EU) into national law and made a number of other amendments to the Competition Law (21/1996), including as follows: • The definition of an undertaking has been modified. • Undertakings that engage in the modern trade of foodstuffs and […]

Social Housing Monthly Law Update – November 2018

By David Isaacson TLT provides monthly law update on all things affecting social housing. Key highlights of this month include:  New ICO GDPR guidance: Passwords and encryption in online services and websites  Houses in Multiple Occupation (HMOs): important changes  Government announces new generation of council housing  Continuity of planning (environmental) requirements when the UK leaves […]

Romania: Supreme Court renders decision on the point of law

By Dana Rădulescu, Anca Băițan Supreme Court’s Decision highlights The Supreme Court rendered the Decision no. 53 rendered on June 18, 2018, recently published in the Official Gazette on November 5, 2018, on the point of law (the ”Decision”). To put things in context, we mention that the Supreme Court renders a Decision on the […]

Impact of UK property changes on Jersey and Guernsey structures

The UK Government has announced that with effect from April 2019, it intends to bring non-UK investors into scope for either capital gains tax (“CGT”) or corporation tax (“CT”) on any direct or indirect gains made in relation to investments in UK property. Jersey and Guernsey have responded to the public consultations and liaised with […]

Switzerland – Proposed new class action procedure

By Dr Urs Feller, Nina Lim In Switzerland, typical class actions as known in many other jurisdictions are not available. However, ‘Dieselgate’ and similar cases also affect consumers in Switzerland. If a large number of people suffer the same or similar damage, each has to file their claim individually. While total damages are usually large the individual […]

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UK court claims jurisdiction over company in Chapter 11

Eversheds, Freshfields Bruckhaus Deringer and Sidley Austin Brown & Wood have advised on a groundbreaking cross-border insolvency. A High Court ruling in Brac Rent-A-Car International gives UK courts jurisdiction over US-registered companies in Chapter 11 for the first time, providing the company has sufficient UK interests. Sidley put Brac’s parent company Budget Rent a Car […]

Ashursts wavers on lockstep

Ashurst Morris Crisp has changed its position yet again on the issue of remuneration in the run-up to the partnership vote on a merger with Fried Frank Harris Shriver & Jacobson. The Lawyer understands that just two Ashursts partners from an original shortlist of five will be granted points above the top of lockstep, more […]

BLP drives out six in equity partner rejig

Berwin Leighton Paisner is the latest firm to resort to a process of managing out and de-equitising partners in a bid to keep profits on an upward curve in tough market conditions. The process is understood to have led to six partners exiting the firm. A further four have been either de-equitised or are being […]

Middle East law offices stand firm as war rages

In the last Gulf War, most western lawyers and staff in the regions closest to the fighting in Iraq were evacuated or relocated. While this war looks set to be as long and bloody, most firms in Bahrain, which is within missile strike range of Iraq, are biding their time. So far, only two Norton […]

A&O reaps £31m from Marconi restructuring

Allen & Overy (A&O) is set to bill more than twice the combined amount notched up by Clifford Chance and Bingham McCutchen as the restructuring of Marconi nears its conclusion. A&O, Marconi’s long-time legal adviser, is already expected to be paid £25m for its work on reorganising the embattled telecoms company. Overall law firms’ billings […]

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