Dewey gains German real estate presence with Pöllath raid

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Latest Briefings

Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive

The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…

Social housing monthly law update – June 2018

This month’s TLT’s law update on all things affecting social housing includes: Automatic disqualification rule changes: Charity Commission declarations GDPR enforcement and penalties: What you need to know Dress codes in the workplace: New government guidance Government announces it will fully fund unsafe cladding removal in social housing Viability argument for 10% affordable housing fails…

From footfall to clicks – experts talk retail risk

By Gary Assim and Sarah Teal Poundworld has entered administration, and just before that it was announced that House of Fraser would be closing 31 stores, many of which are in some of the UK’s largest cities. It is no secret that many retailers have been adversely affected by the shopping habits of consumers, ever […]

Austria: The time has come – Federal Procurement Act 2018 just around the corner

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

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The Gold (double) standard

How ironic. Rumours emerged last week that Herbert Smith is threatening real estate star Chris De Pury, shortly to depart to Berwin Leighton Paisner, that it will enforce part of a restrictive covenant policy that obliges departing partners to work a 12-month notice period, as well as the part that bars that person from working […]

Former Freshfields funds star moves to Debevoise

US firm Debevoise & Plimpton has scooped the head of investment funds from its one-time magic circle suitor Freshfields Bruckhaus Deringer. Anthony McWhirter was one of Freshfields’ key older partners. He retired from Freshfields’ equity partnership last year to become a principal consultant at the firm in order to take advantage of the old pension […]

Regulator boosts minimum trainee pay

The Solicitors Regulation Authority (SRA) has announced a small hike in the minimum salary firms must pay to trainee solicitors. The minimum annual salary for trainees working in London has been increased from £17,110 to £17,660 with effect from today (1 August). Meanwhile, the minimum pay for trainees working elsewhere in England and Wales has […]

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Freshfields’ M&S tribunal: O’Brien admits conflict

The Solicitors Disciplinary Tribunal (SDT) today ordered Freshfields Bruckhaus Deringer’s head of corporate finance to pay £9,000 in fines in addition to paying the Law Society’s costs for breaching the solicitors’ code of conduct. Barry O’Brien, advised by Ashurstlitigation head Ed Sparrow, entered an open plea on 27 July admitting a conflict of interest and […]

The end is nigh for covenant lite loans

For the past few years lawyers acting for lenders and borrowers alike in the larger leveraged finance transactions have had to cope with a rapidly developing market. Private equity firms have been able to dictate terms to their bankers to such an extent that it seemed as if there would be no end to the […]

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