FINANCE

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Latest Briefings

What the Financial Collateral Act in Serbia brings to the table

The Serbian Parliament adopted the Financial Collateral Act (“FCA“) on 8 June 2018 (published in the Official Gazette of the Republic of Serbia, no. 44/2018). The FCA bill was proposed by the Serbian Central Bank (National Bank of Serbia, “NBS“) on 22 May 2018 and the FCA will apply as of 1 January 2019. Financial contracts which have not been enforced by […]

Location, location, location: the dangers of tracking whereabouts on social media

Snapchat’s map feature has been called “creepy” and “dangerous” by the media since its inception last year. The feature enables users to track their friends’ locations at any time, across the globe. This adds to a myriad of settings on the app which allow users to share their location with others. The very act of […]

‘Valued Landscape’ – not a ‘restrictive policy’

On 9th June the High Court settled this long-running conundrum by sealing a consent order in which the Secretary of State agreed that paragraph 109 of the Framework is not a restrictive policy for the purposes of footnote 9.  This Note explains why…

Netherlands: Working permit no longer required for Croatian nationals

On 8 June the Minister of Social Affairs announced that the Dutch government has decided to not extend the transitional scheme, which is currently in place and requires Croatian nationals to obtain a work permit (tewerkstellingsvergunning)  to work in the Netherlands…

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Simmons prepares Korean link

Simmons & Simmons is laying the groundwork for a possible merger with its South Korea referral firm Shin & Kim. The Korean authorities presently forbid foreign lawyers to practise domestic law or even to establish a rep office, but the rules are expected to change this year. Simmons and Shin & Kim already have a […]

CORPORATE

Belgium-based KBC Bank undertakes a £219m recommended bid for UK stockbroker Peel Hunt. KBC Bank represented by CMS Cameron McKenna (Nick Paul). Peel Hunt advised by Linklaters & Alliance (Steven Turnbull).

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Akin Gump merger partner loses top insurance team

A team of nearly 30 lawyers is leaving a Los Angeles firm that is merging with Akin Gump Strauss Hauer & Feld to join Howrey Simon Arnold & White. A third of the lawyers from Troop Steuber Pasich Reddick & Tobey will join Howrey’s California offices. The firm claims that the moves make it the […]

Beazer slashes UK property legal panel

Construction company Beazer Homes is cutting its property legal panel by more than half as it reaches the final stages of its proposed merger with Bryant. At present the company uses six external firms, including Davies Arnold Cooper, Ward Hadaway, Hammond Suddards Edge and Eversheds, throughout its regions, which are broken down into the North, […]

Insolvency practices prepare for the worst

CC Raids Lovells workout team; Dechert launches insolvency practice; Herbert Smith group splinters UK law firms are rushing to shore up their insolvency and restructuring practices as economists predict a slowdown. Clifford Chance is taking on Nicholas Frome, head of business restructuring at Lovells, who is expected to join the firm’s restructuring and insolvency group […]

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