Financings

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Latest Briefings

Draft Karnataka Maternity Benefit (Amendment) Rules, 2018

The Maternity Benefit Act, 1961 (MB Act) was amended vide the Maternity Benefit (Amendment) Act, 2017 (2017 Amendment) to grant certain additional benefits to eligible women employees. As part of the 2017 Amendment, the provision of a crèche facility was made effective from 1 July 2017 as a mandatory requirement for every establishment with 50 […]

Insolvency in Indian aviation: India’s new Cape Town convention bill mean for recovery and re-possession of leased aircrafts

Leasing of aircrafts is a prevalent market practice in the aviation industry, and all existing airline operators in India have currently leased a significant number of aircrafts in their fleet. In fact, a sizeable debt in the books of these operators is in connection with such leasehold arrangements. Insolvency proceedings in India, including the aviation […]

Supreme Court confirms commercial tenant’s statutory right to a renewal lease

By David Manda, Ruth Ormrod The Supreme Court has confirmed, in the case of S Franses Ltd v Cavendish Hotel (London) Ltd that a landlord cannot oppose a tenant’s right to renew its tenancy on the grounds of redevelopment or reconstruction if there would be no intention to carry out the proposed works should the tenant vacate voluntarily.  Walker […]

New rules banning harmful gender stereotyping: What financial services clients need to know

By Jeanette Burgess, Louise Power Jeanette Burgess and Louise Power explain the Committee of Advertising Practice’s imminent ban on harmful gender stereotyping and offer their practical advice for financial services clients. What is changing, and why? We reported last year that the Committee of Advertising Practice (CAP) planned to introduce new rules banning harmful gender stereotyping in advertising. […]

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Partners at R&W to get huge payout

Rogers & Wells partners are to receive a bumper payout of partner profits when the firm merges with Clifford Chance. The US firm’s partners will receive extra profits because the firm is switching from cash accounting to Clifford Chance’s accruals system, which takes into account unpaid bills and work in progress. Sources say this makes […]

It's been a bad week for…

Retired cleaner Norma Lomas, one of many victims of crime for whom court orders are not worth the paper they are written on. A judge ordered the thief who stole Lomas’ family heirloom gold sovereign necklace to pay her u15 compensation, but two years on Lomas has only received u6.43. Frankenstein foods. Friends of the […]

Orricks steals Cameron McKenna duo

US firm Orrick Herrington & Sutcliffe has lured two Cameron McKenna project finance partners to join its London office. Martin Stewart-Smith and Paul Stock join the San Francisco-based firm from Cameron McKenna’s energy and construction department. Ian Johnson, managing partner of Orricks’ London office, says: “Martin and Paul’s addition further deepens our project finance resources […]

Flotations & Financing

Norton Rose acted for Scotia Water Dalmuir on the £50m design, build, finance and operation of new waste-water treatment works at Dalmuir. Banking partner David Coulter led Norton Rose’s team. Bird Semple acted for Scotia Water. Wilde Sapte and McGrigor Donald advised Paribas, which arranged the loan. Dundas & Wilson acted for the West of […]

Property

Clifford Chance property solicitor Richard Hopkinson-Woolley advised Burford Group on the £200,000 annual grant of a lease of space in London’s Trocadero for an £8m James Bond “Licensed to Thrill” simulator ride. Foot & Bowden general commercial solicitor Richard Sutton advised tenants The Entertainment Team Rides.

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