Deals round-up

Freshfields Bruckhaus Deringer, led by corporate partner Gareth Stephenson, has advised Westbury on its takeover by Persimmon for £650m. The acquisition will strengthen Persimmon’s position as one of the UK’s leading housebuilders. Persimmon was advised by Mayer Brown Rowe & Maw.

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Slaughters picked by Brambles

Slaughter and May has scooped an instruction over Freshfields Bruckhaus Deringer to advise Australian logistics operator Brambles Industries on its plan to quit the London Stock Exchange and release at least A$2.8bn (£1.2bn) to shareholders through share buybacks. Brambles is a regular client of Freshfields, but Slaughters won the lead UK advisory role after the dual-listed […]

A&O suffers further loss as finance star joins Skadden

Skadden” />Allen & Overy (A&O) has suffered its seventh partner resignation this year as finance partner Clive Wells quits for Skadden Arps Slate Meagher & Flom. As first revealed on www.thelawyer.com (2 December), Wells handed in his notice on 1 December. He had been at the magic circle firm for three years, having joined A&O […]

Equitable settles; A&O, Simmons get costs

Equitable Life has settled its outstanding litigation against nine former directors, with Allen & Overy (A&O) and Simmons & Simmons recovering costs from the insurance firm, The Lawyer can reveal. The agreement was reached this morning and brings to an end an extraordinary saga of litigation lasting four years. A&O and Simmons were both acting […]

Simmons extends life of split capital investments

Simmons & Simmons has brought a new level of innovation into the organisation of split capital investment trusts with a new type of reconstruction. The firm advised longstanding client Jupiter on a ‘continuation’ reconstruction of its split capital investment trust Jupiter Dividend & Growth Trust, eschewing the more typical ‘rollover’ type of reorganisation. Split capital […]

International eye: Europe

Matt Byrne on the month in Belgium, the Netherlands and Luxembourg: Nauta Dutilh and De Brauw to consolidate in the Netherlands; Garrigues, Taylor Wessing and DLA Piper ramp up in Brussels ; Nabarros overhauls its European best friends network ; European Commission gives warning on entrance restrictions

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