Ernst & Young sued over Law Society of Upper Canada's massive indemnity deficit

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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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Japanese review

The Japanese Ministry of Justice is conducting a review of its policy with respect to foreign law firms. According to Jonathan Goldsmith, the director of the Law Society’s international directorate, the exercise is being taken as part of a move towards liberalisation. He said that Japan was facing a big bang similar to that in […]

Financing

Wilde Sapte acted for Finnish Export Credit on the provision of a $11.5m (£18.6m) floating loan rate facility to Brazilian pulp and paper company Aracruz Cellulose to finance the purchase of a recovery boiler from a Finnish manufacturer.

In brief: Shoosmiths & Harrison pick up Pickin

Andrew Pickin, former head of Eversheds’ East Midlands commercial department, has joined Shoosmiths & Harrison as a partner. Pickin, who specialises in commercial contract work, will be based in the firm’s Nottingham office.

Property

Clifford Chance acted for Credit Lyonnais in its £31.5m purchase of the freehold of its Broadwalk House offices, part of London’s Broadgate development, from British Railways Property Board, represented by Berwin Leighton.

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