Financings

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Latest Briefings

New EU directive – How will it affect family-related leave in Hungary?

By Daniel Gera, Dorottya Gindl Gender equality may be a core EU principle, but it will not become a reality without effective legal action. To meet the EU objective of reaching a 75% employment rate for both men and women by 2020, the European Commission aims to change the existing legal framework. Thus, the European […]

Higher Dutch VAT rate on several LS-products

By Luca van Silfhout, Patrick Vettenburg A number of goods and services, listed in an annex to the Dutch VAT Act, qualify for the reduced VAT rate (instead of the regular VAT rate of currently 21%). Among these goods and services are: qualifying medicines, first-aid type supplies such as bandages and qualifying medical aids such […]

US raises bar for International Development Finance with proposed Build Act

By Paul M. Murphy, Mark McAuley Overview: The United States seems to be raising the bar for International Development Finance with the proposed BUILD Act. Through the proposed creation of a new U.S. Government institution, the International Development Finance Corporation, the US looks to create a new paradigm for the developing world – in direct response to […]

How can protectionism affect technology?

The technology we increasingly rely on every day such as phones, tablets and personal computers are made up of different components. These components and other parts are made using raw materials that can be found in countries all over the world. Materials including aluminium, lithium and cobalt have been listed by the World Bank as […]

Promotion of indigenous R&D in pharmaceutical industry by the Delhi High Court

By Ajay Bhargava, Arvind Kumar Ray, Karan Gupta In the recent case of Modi-Mundipharma Private Limited v Union of India & Ors., (Writ Petition (Civil) No. 11802 of 2016), the High Court of Delhi (Court) has clarified that incremental innovation or novel drug delivery systems like lipid / liposomal formulations, sustained release, controlled release, etc. should […]

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Perrin's View

Friday, midday. I’m entertaining clients at The Ivy. I’m wearing a dark blue cashmere gilet, silk blend chinos by Ralph Lauren, taupe pashmina socks, a hand-stitched alligator belt… but not really. This is London. It’s Wednesday, I’m sitting at my desk and what I’m really wearing, in common with every other lawyer this side of […]

Newcastle 12 to form 'superset'

Mass defections from a Newcastle set of barristers are forcing the closure of Westgate Chambers to create the biggest set in the North Eastern circuit. Twelve barristers are due to leave Westgate Chambers on 4 February to join Broad Chare Chambers. The latter will then have 46 barristers including three silks. Broad Chare’s head of […]

Financings

Norton Rose advised HSBC Investment Bank on a one for four rights issue by Minerva to raise £71m. The funds will allow Minerva to finance the proposed £101.4m purchase of The Criterion in London. The rights issue was fully underwritten by HSBC

Law Soc asks City lawyers for input on conflict regulations

City lawyers have for the first time been asked by the Law Society to suggest their own set of rules – before the rest of the profession is consulted. The City of London Law Society is producing draft conflict of interest rules as part of a nationwide review of regulations. Their suggestions will then be […]

O'Melveny London chief goes Dutch

Christopher Hall, head of the London office of US firm O’Melveny & Myers, has left to become executive vice-president and general counsel of Dutch telecoms company KPNQwest. O’Melveny learned of Hall’s decision early this month and Hall took up his new post on 17 January. He will be responsible for KPNQwest’s legal, financial and regulatory […]

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