Firms clamour as BA’s case takes off

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Latest Briefings

Jersey: The Trusts Law 2018 – An insight

By Siobhan Riley, Andreas Kistler The Trusts (Amendment No. 7) (Jersey) Law 2018 (the Amendment Law), which came into force on 8 June 2018, reÊnes and further enhances Jersey’s trusts legislation, the Trusts (Jersey) Law 1984 (the Law). Since its introduction in 1984, the Law has been amended and updated periodically, the last changes having been made […]

Trust legislation in Guernsey

By Russell Clark Much of Guernsey’s economic success over the past 50 years or so has been largely due to its adaptability and flexibility to react to changing market situations and conditions. This adaptability is no better illustrated than by the island’s willingness to amend and review legislation to ensure that it retains its position within […]

Jersey lodges the draft Taxation Law 201

Jersey has lodged the draft Taxation (Companies – Economic Substance) (Jersey) Law 201- (the “Law”). The Law, once adopted, is intended to meet the commitment made by Jersey to address certain concerns raised by the EU Code of Conduct Group on Business Taxation (the “Code Group”) in relation to the need for relevant businesses to […]

Bulgaria: Companies required to register their beneficial owners by February 2019

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

Importance of prohibition on the collateral use of disclosed documents

By Sonia Tolaney, Sandy Phipps CPR 31.22 provides that disclosed documents may be used only for the purpose of the proceedings in which they were disclosed without the consent of the disclosing party or the Court’s permission. It is well established that this rule, known as the collateral use prohibition, applies both to the disclosed documents themselves […]

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DLA Piper wins Commonwealth Games Glasgow race

DLA Piper Rudnick Gray Cary has won a competitive bid to secure the role of legal adviser to the Glasgow 2014 bid for the Commonwealth Games. The firm will advise the Glasgow 2014 team on matters relating to broadcasting rights, sponsorship and merchandising. It will be led by partners Nick Fitzpatrick in London and John […]

Freshfields launches Pac-Man defence for EMI

Freshfields Bruckhaus Deringer has scooped an instruction to advise EMI as its larger rival Warner Music launches a counter-bid for the UK music company. Known as the Pac-Man defence, Warner Music, which received a bid approach from EMI on 3 May, launched a bid for its smaller rival on 14 June. Warner Music’s initial alternative […]

Lawyers are the only winners as Gas Natural feels the chill in Spain

With Gas Natural’s €22.5bn (£15.35bn) hostile bid for Endesa halted by a Madrid commercial court, some are suggesting that the only beneficiaries of the drawn-out affair may be the law firms advising. Over eight months, Endesa, advised by Clifford Chance partner and head of competition Miguel Odriozola, has filed more than 30 legal and administrative […]

A&O, Macfarlanes act on publisher sale

Allen & Overy (A&O) and Macfarlanes advised on the E550m (£380m) sale of Italian publisher Arnoldo Mondadori Editore to the French arm of magazine publisher Emap. The deal is conditional upon EU regulatory clearance. Emap France has a portfolio of more than 40 consumer titles, including TV listings, lifestyle and special-interest magazines. A&O advised Emap, […]

White & Case wins Arcelor financing role

White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel’s EUR26.9bn acquisition of rival Arcelor. The deals will be financed through a EUR10.8bn syndicated loan, one of the biggest European deals of recent years. The loan consists of a EUR5bn and a EUR2.8bn acquisition line. The remainder […]

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