Latest Briefings

Can UK employers claim the furlough grant while employees are on notice? Clarity is required.

Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]

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LG-Caltex

LG-Caltex Oil Corporation’s bond issue was a sole counsel transaction. Clearz`y Gottlieb Steen & Hamilton advised Credit Suisse First Boston as bookrunner and global coordinator. Caltex was advised by Hong Kong firm Kim & Chang, but Cleary Gottlieb advised it on US law.Cleary Gottlieb provides advice for Credit Suisse in a number of jurisdictions but […]

Wilson Sonsini axes August bonus payouts

Associate bonuses are first to get the chop as the Valley starts to panic Silicon Valley firm Wilson Sonsini Goodrich & Rosati has withdrawn August bonuses from associates as it battles to cut costs in the face of a corporate slump.The firm has warned its associates not to expect much in the way of bonuses […]

DLA chooses new head of procurement

DLA has promoted Steven Norris to the role of national head of regulated procurement. Norris will lead a group advising public and private sector clients on procurement matters.Norris will operate from the firm’s Leeds office. He said: “The regulation of procurement by the public and utility sectors is of ever-increasing importance, both from a commercial […]

Philip Wood

Until law firms teach their lawyers about other jurisdictions and other systems of law they cannot be truly global. Lawyers cannot all become experts in the detail of the other jurisdictions they work in, but they can concentrate on the transactions that are at the heart of global legal practice. To do that they must […]

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