Herbert Smith advises on Addax financing

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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Old Square scores double role on equal pay dispute

Old Square Chambers played two high-profile roles in the key equal pay case initially brought by Bernadette Cadman that was decided by Europe’s highest court last week (3 October). The European Court of Justice (ECJ) ruled that additional years of service – in this instance, by a male employee who did not take time off […]

Al Salam Bank hires Norton Rose lawyer

Norton Rose lawyer” />Bahrain’s Al Salam Bank has appointed rated Norton Rose Islamic finance associate Mohammed Paracha as its first general counsel. Paracha, 29, was Norton Rose’s senior Islamic finance associate, covering the Gulf states, Iran, Syria and Kazakhstan after moving to the Bahrain office in 2004 from London. Despite the loss of one of […]

Gain in spain

Gas Natural’s controversial attempted takeover of Endesa would have been a lot more simple if the forthcoming competition laws were in place, says Antonio Morales Without any doubt, the two events that have been the most influential, as well as controversial, over recent months from the perspective of Spanish competition law have been Gas Natural’s […]

Linklaters in management rejig as finance chief takes on Asia role

Linklaters is gearing up for a change of leadership as finance head Giles White moves across to become Asia managing partner. White, whose term as head of global finance and projects expires at the end of this financial year, will take over the Asia job in May 2007. Current Asia head and corporate partner Simon […]

Olswang boosts corporate with Halliwells AIM specialist coup

Olswang has raided Halliwells’ corporate department, snaring one of the national firm’s best-known AIM specialists, Adam Fenner. Fenner started at Olswang last Monday (2 October). He has particular experience in public offerings and M&A transactions and will be seen as a significant boost to one of Olswang’s core practices. Olswang’s head of corporate Tony Leifer […]

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