Freshfields in securities alliance with Debevoise

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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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Clifford Chance agrees Luxembourg merger

Partners at both firms voted overwhelmingly for the union which has won approval from the Luxembourg Bar Association and will take place from 1 January 2000. The marriage to Faltz & Kremer, the country’s sixth largest firm with 20 lawyers, gives Clifford Chance a foothold in Luxembourg’s lucrative banking market. The new firm will be […]

Clifford Chance pulls out of Vietnam

The firm’s regional managing partner for Asia, John East, reportedly says the offices in Hanoi and southern Ho Chi Minh City will probably close in the first half of next year. Clifford Chance opened in Vietnam in 1994 when economic indicators in the region looked good. It is understood, however, that investors have since found […]

Dresdner Kleinwort Benson

This deal is a first for transport financing because Dresdner Kleinwort Benson has agreed to finance the manufacture of rolling stock before a train operator has been found to buy it. Dresdner will fund Alstom’s manufacture of 200 passenger rolling stock vehicles for the London commuter market. This, according to Clifford Chance transport finance partner […]

VLG opens in San Francisco as Silicon Valley rents soar

Silicon Valley law firm Venture Law Group (VLG) is opening an office in San Francisco in an attempt to ease recruitment difficulties. VLG will open the office early next year after outgrowing its space on Sand Hill Road, which is said to have the greatest concentration of investment capital in the world. The office will […]

LEGAL WIDOW

I don’t know when children started seeing church as a sort of alternative Wacky Warehouse, but it was very different in my day. Why, you’d hardly have time to give the underside of the pew in front of you a swift kick, thereby waking up Mr Green with the sticky out ears, before you’d feel […]

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