Dechert: second round of layoffs this month

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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WilmerHale puts more rungs on the ladder

WilmerHale has revamped its firmwide ­structure to create additional categories within its ­associate and partner ranks. WilmerHale ;has revamped ;its ;firmwide ­structure to create additional categories within its ­associate and partner ranks. Previously the only titles available were associate, counsel and partner. The firm has now created the posts of senior associate and special counsel. The firm has […]

McClure Naismith makes real estate hire

Former DLA Piper ­Glasgow partner David Thomson has joined the real estate practice at Scottish firm McClure Naismith. Former ;DLA ;Piper ­Glasgow partner David Thomson has joined the real estate practice at Scottish firm McClure Naismith. Thomson was one of a series of property partners to depart DLA Piper in ­Scotland last year. He exited the firm […]

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Offshore

All offshore eyes are carefully watching the movements of Stop the Tax Haven Abuse Act, the Bill introduced to the US Senate by US President Barack Obama in February 2007. If there is to be any reformation of offshore jurisdictions it will begin in the US with this Bill. Also at the forefront of offshore […]

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Magic circle corners market as businesses turn to rights issues

As the economy worsens, companies are looking to squeeze shareholders for extra capital. A glut of rights issues are anticipated over the coming months, as cash-strapped companies turn to their shareholders to raise extra capital. Relatively rare during a boom period, share issues are a vital source of money when the credit markets dry up. […]

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Trowers first to fall prey to Middle East downturn

Gulf stalwart cuts jobs across region; prospects bleak in ‘dead’ Dubai Trowers & Hamlins has become the first firm to cut jobs in the Middle East as cracks begin to show in the previously booming Gulf legal market. The firm, which has built its reputation on the back of four decades in the region, has […]

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