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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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Advice on introducing performance-related pay for teachers

The Department for Education (DfE) has released its draft School Teachers’ Pay and Conditions Document 2013 (SCTPCD). The SCTPCD provides a number of changes in relation to teachers’ pay, which will take effect from September 2013. In April 2013, to accompany the SCTPCD, the DfE provided departmental advice to school leaders, school teachers, governing bodies […]

Appropriation and relief from forfeiture

The Financial Collateral Arrangements (No.2) Regulations introduced a new means for a security holder to enforce its security in respect of financial collateral (meaning, very broadly, cash, shares and other financial instruments and credit claims). Provided the parties agree in the security document the remedy of appropriation will be available, the collateral taker may ‘appropriate’ […]

Further restrictions on local authority publicity?

The Department for Communities and Local Government has consulted on proposals to give more statutory force to the Local Authority Publicity Code. The Local Government Act 1986 requires an authority to have regard to the code in coming to any decision on publicity. It also separately gives statutory prohibition to publication of political publicity… If you […]

The Gym

New clients for Addleshaws and Hogan Lovells on £50m Gym deal

Addleshaw Goddard, Eversheds, Hogan Lovells and Travers Smith have advised on Phoenix Equity Partners’ £50m investment in low-cost gym operator The Gym. The business was previously owned by Bridge Ventures, which first invested in the company in 2007 and has retained a 25 per cent shareholding. Phoenix has acquired a 55 per cent equity stake […]

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