Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

Gide cuts partner remuneration but keeps associate pay rises

French firm Gide Loyrette Nouel has decided to cut partner pay by up to 25 per cent to keep the business afloat in response to the global impact of Covid-19. Gide’s executive committee has recently taken two precautionary measures to protect the financial stability of the firm. A reduction of up to 25 per cent […]

money

Lewis Silkin makes more Covid-19 cuts

Lewis Silkin has taken further measures to contain the growing challenges posed by Covid-19. The firm has agreed to temporarily suspend quarterly profit distributions. It has also cut salaries and reduced the work hours of a number of its associates, junior lawyers and paralegals across different practices. The decision comes as the firm recently furloughed […]

Ashurst

Ashurst becomes first City firm to delay partner promotions

Ashurst is to defer its partner promotions until later in the year, becoming the first of the big City firms to make such a decision. Promotions at the firm usually come into effect on 1 May, but new partners-in-waiting have been told that their elevation will now take place later this year. This reflects measures […]

Phil Sanderson

Ropes’ private equity co-chair to leave the firm

Ropes & Gray private equity partner Phil Sanderson is to step down from the firm after more than five years. Phil Sanderson, who joined the US firm from Travers Smith in 2015, is officially retiring from the partnership tomorrow. He has been one of the three co-heads of the firm’s private equity practice since 2018.  […]

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