Fifty partners in Blake Dawson exit

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Latest Briefings

The meaning of occupation in the context of business rates

By Sophie Tracey, Lucy Shepherd In a decision that will be welcomed by property owners, a recent case has considered the meaning of ‘occupation’ in the context of business rates and has decided that the motivation for occupation is not relevant. Background Principled Offsite Logistics Ltd (POLL) applied for judicial review to challenge a local authority’s […]

Overage provisions helping landowners to ensure a fair price for its land

By Bhavesh Amlani, Michael Callaghan Overage provisions are a common feature of the development landscape, helping to ensure that a landowner receives a “fair” price for its land. Introduction Overage provisions give a landowner the right to receive a future payment following the sale of the property if the developer enhances the value of that property. […]

Luxembourg legitimising and embracing blockchain technology

By Bertrand Geradin What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to […]

CJEU allows full deduction of VAT on aborted transactions

VAT on abort costs in case of an unsuccessful takeover bid is deductible, provided the buyer intended to supply management services for consideration to the target company. This was ruled by the Court of Justice of the European Union (“CJEU”) in the Ryanair case (C-249/17) issued on 17 October 2018. Facts of the case Ryanair […]

Legal compliance matters to consider for E-Commerce market

By Jocelyn S Paulley The barriers to entry to the world of retail have reduced significantly with the rise of e-commerce. This is not a single route to market as the e-commerce world has developed its own structures, such as selling through aggregators, platforms, highly curated markets, as well as simply through a brand’s own […]

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McDermott hires ex-Italian ambassador to US

McDermott Will & Emery has sought to bolster its Italian presence with the hire of the former Italian ambassador to the US just months after its merger with Italian firm Carnelutti failed. The US firm has appointed Sergio Vento as a senior business adviser in its Rome office, McDermott Will & Emery Studio Legale Associato. […]

White & Case overhauls associate appraisals

White & Case‘s London office is reviewing its associates’ appraisals system in a bid to reduce attrition and improve career development. The London executive committee has instructed external consultants on the review in a bid to “to simplify and add value” to the firm’s annual appraisals process for both associates and support staff. A spokesman […]

Simmons shepherds Barclays through £5bn CLO transaction

Simmons & Simmons has advised Barclays Bank on the largest collaterised loan obligation (CLO) to be fully placed on the bond market. The £5bn transaction, known as Gracechurch Corporate Loans Series 2005-1, is structured as a fully funded synthetic securitisation of £5bn of loans from Barclays’ loan portfolio. The structure references 775 loans and was […]

Christopher Arnull: KPMG (UK)

KPMG’s associate general counsel is delighted with the new limit on auditors’ liability, but with criminal sanctions before the Lords he has a lot to keep track of. By Joanne Harris

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