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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 […]

Recommended

Terry returns to client work at Freshfields

Ian Terry is stepping down as managing partner of Freshfields Bruckhaus Deringer after over five years. Terry will return to the firm’s litigation department in the autumn.“I have spent five and a half years out of line and I think it is right for me to get back to client work,” he said.It is not […]

A view from the Isle of Man

The Isle of Man, together with the Channel Islands, is in the vanguard of developing legislation to regulate fiduciary business. However, unlike Jersey and Guernsey, which have progressed legislation in relation to “fiduciary business” (corporate and trust service providers) as a single package, the Isle of Man has chosen to concentrate its initial efforts on […]

Addleshaws wraps up Paul Sykes' bid for Victoria Quarter

Copley’s lock on property company confirmed with £46m acquisition In only 13 days, Addleshaw Booth & Co has completed the Paul Sykes Group’s £46.25m acquisition of the Victoria Quarter shopping centre in Leeds.Paul Sykes Group bought the Victoria Quarter, an upmarket retail outlet that houses around 80 shops, from insurance company Prudential. Addleshaws used 20 […]

UK securitisation under threat

Government insolvency proposals could wreak havoc on deal structuring The Government has announced proposals to make changes to the Insolvency Act (1986) which could potentially threaten the UK domestic securitisation practice.At the launch of the Government’s Enterprise For All initiative, Chancellor Gordon Brown announced plans to abolish administrative receivership and Crown preference – the right […]

Garrigues focuses on state law with double takeover

Andersen Legal firm Garrigues & Andersen has taken over two public law firms in an attempt to boost its state law capability. Niche planning firm Perales will soon join Garrigues’ Madrid office to strengthen Garrigues’ existing zoning and city planning team. The deal, completed last week, adds managing partner Francisco Perales, senior partner Julio Luquero […]

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