Goldman Sachs and Nordea issue two credit facilities worth euro1.2bn (£736.9) for Finnish company Sanoma in connection with the acquisition of the Consumer Information Group (CIG) from VNU.

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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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EU ministers seek public opinion on single contract law regulation

A review of contract law has been launched by the EU with a view to introducing a single EU contract law regulation. The review, which is being carried out in the 15 member states, looks at existing contracts between national legal systems to see whether they obstruct the EU from functioning as a single internal […]

Abbey roadblock

Despite Slaughters’ concern that Lloyds TSB’s bid for Abbey National would be blocked by the Competition Commission, Clifford Chance encouraged its client to push ahead. Helen Power reports on the bank’s unexpected result Before last November, Lloyds TSB bank had been eyeing Abbey National for a few years without making any concerted effort to capture […]

Getting fixed up

Allen & Overy partner Ian Field and banking associate Jennifer Marshall consider the impact that the Privy Council’s decision will have on the future of book debt charges The Privy Council has held that it is no longer possible to have a fixed charge over book debts and a floating charge over the proceeds of […]

Bar Council to work on direct access recommendation from OFT's report

BarDirect restrictions are brought into question as bar considers an extension of clients’ direct access to barristers The Bar Council is willing to explore the recommendation in the Office of Fair Trading’s (OFT) report on competition in the professions to extend direct access.Although the bar’s consultation paper in response to the OFT’s report looks largely […]

Brobeck fights US corporate slump with unpaid leave

Voluntary breaks and part-time hours will save £1.4m; London office to follow suit San Francisco giant Brobeck Phleger & Harrison is offering all of its lawyers the chance to take unpaid leave, as it struggles with a lack of corporate work.The firm has told lawyers that they can either take sabbaticals of up to three […]

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