Eni shuns external advice on £4bn deal to cut costs

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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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Trowers breaks new ground with Syrian tie-up

Trowers & Hamlins has formed an exclusive association with Syrian firm Sultans Law, making it one of the first international law firms to move into Syria. The tie-up comes after Trowers advised the Syrian government ;on ;social ­housing and other matters. The UK firm is also pursuing work with Gulf-based and western clients, targeting the […]

Australia Special Report: Downturn under

Thanks to their investments in Asia, Australian firms have so far steered clear of the worst effects of the recession. But they certainly won’t be seeing another boom year, says Kelly Parsons. Australia’s top law firms have so far enjoyed relative immunity from the recession-centred challenges ­facing firms in other ­common law jurisdictions. But with […]

35

Michael Wachtel, Watson Farley & Williams

If you were stranded on a desert island, what two luxury items would you take?Cold beer and suntan oil. What was your first-ever job?I actually had three ­simultaneous first jobs: delivering papers before school, washing dishes in my lunch hour and ­cleaning a garage forecourt after school. Far more lucrative than homework. What was your […]

12

College of Law bags A&O, Links GDL contracts

Magic circle firms Allen & Overy and Linklaters have signed up College of Law (CoL) to run every aspect of training for their future trainee solicitors. The college, which already provides a bespoke Legal Practice Course (LPC) for both firms, will now be the sole provider of the Graduate Diploma in Law (GDL) for their […]

1

Milbank suffers 16 per cent profit drop

Milbank Tweed Hadley & McCloy has posted a double digit drop in average profit per equity partner (PEP) along with a 3 per cent fall in total revenue for the 2008 financial year. The New York-headquartered firm’s PEP fell from $2.53m in 2007 to $2.1m, at 16 per cent one of the most significant reductions […]

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