DEAL OF THE WEEK – petroplus

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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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pinewood and shepperton studios

Pinewood Studios has proved to be not only a high-profile client for Travers Smith Braithwaite but a lucrative one too. The firm initially acted for a newco set up by a consortium led by Sir Michael Grade and backed by 3i, which launched a £62m MBO of Pinewood from Rank in February 2000. On this […]

Top ten deals

Daewoo debt restructuring Lead partner: Graham Rowbotham. Advising Korea Asset Management Corporation on its acquisition of $5bn (£3.47bn) of Daewoo Group debt. Nearly 300 creditors, mostly international banks, and one of the largest-ever debt restructurings. Scandecor trademarks litigation Lead partners: Robert Rakison and Larry Cohen. A landmark case successfully advising the appellant Scandecor in the […]

David and Goliath pairings act in Nomura's takeover of Bass

Hull-based Gosschalks acted alongside Clifford Chance on Nomura’s audacious £625m acquisition of a cluster of Bass pubs. Nomura’s principal finance group has purchased 988 Bass pubs after a hard-fought battle with Legal & General Ventures, making it the UK’s largest landlord. The number of properties involved is dwarfed by Nomura’s portfolio, now standing at 5,581 […]

Davies Arnold rues two more losses as Reynolds swoops for insurance lawyers

DaviEs Arnold Cooper is losing a second batch of lawyers to Reynolds Porter Chamberlain, this time from its insurance/reinsurance department. Partner Edward Smerdon and his senior assistant Simon Goldring are joining Reynolds this week, after practising at Davies Arnold for five and seven years respectively. In May last year, Davies Arnold lost its entire media […]

LeBoeuf scoops Georgian telecoms privatisation work

Leboeuf Lamb Greene & MacRae has won a series of roles in the wave of privatisation sweeping the former Soviet Union. The firm is advising Commerzbank, which is leading the consortium acting for the Georgian government on the privatisation of Telecom Georgia (TG) and Georgian Local Lines Company (GLLC). The consortium includes the Bank of […]

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