Financings

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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…

Recommended

Property

SJ Berwin advised Chelsfield on its recent purchase of the City Gate office complex at Southwark Bridge, London, from Brixton Estate. Complex tenants include Unisys and the Insurance Ombudsman Bureau. The SJ Berwin team was led by John Eldridge, assisted by Tessa Rudnick and Julie Hasselberg. Jackie Newstead of Lovell White Durrant acted for Brixton […]

In brief: The Legal Aid Board's

The Legal Aid Board’s annual report shows gross payments rose during 1998/9 to £1.73bn from £1.67bn in the previous 12 months. Chief executive Steve Orchard says the figure will continue to rise because of “all the work in the system”. Invitations to bid for contracts go out this week and have to be returned by […]

Financings

Clifford Chance advised Paragon Finance on a u185m deal involving the public issue of mortgage-backed floating-rate notes. The deal involved both a “true sale” and a “secured loan structure”. The securitised loan was made to a Luxembourg special purchase vehicle. Partners Andrew Forryan (pictured

Legal Widow

Subjudice has taken the Royal Wedding to heart and has spent the past week terrorising her brother and sister into acting as her attendants while she wafts down the hallway with a sheet trailing behind her. Deminimus and Liability, meanwhile, are getting fed up having to stick ostrich feathers behind their ears and bow or […]

…as BP-Amoco loses solicitor after merger

A leading in-house energy lawyer has quit BP-Amoco following the multinational merger. Anna Soroko, who is taking up a new senior post at Eastern Electricity, predicts more lawyers will follow suit. She was asked to relocate from her London office to Aberdeen following last year’s u67.5bn merger of BP and Amoco – the world’s biggest. […]

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