Financings

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Latest Briefings

Restructuring & Insolvency – Chapter Switzerland

By Christoph Stäubli, Dominik Hohler Legislation 1 What main legislation is applicable to insolvencies and reorganisations? In Switzerland, the Debt Collection and Bankruptcy Act of 1889 (DCBA) governs the enforcement of pecuniary claims and claims for the furnishing of security against private individuals and legal entities of private law. In 1994, this Act was partly […]

Conscious uncoupling: When the employee ends the employment relationship

By Esther Wilkins In this article we explore issues for employers to consider when an employee resigns. The world seems full of difficult divorces at the moment. From Brexit to Harry and Megan’s departure from the ranks of senior royalty, delicate negotiations abound. When an employee resigns, this too may require careful navigation as we […]

Is your business prepared for the end of free movement?

By Rachel Harvey The government has set out its vision for new immigration rules which will come into force on 1 January 2021. We set out what these changes are, what it means for your business and how you can prepare for the end of free movement. These changes, which come into force when free […]

Crown preference: How might financiers and borrowers prepare for its return?

By Jon Bew, Andrew Watson With the stated aim of reducing the amount of taxes paid by employees and customers that end up in the hands of other creditors, HMRC are set to have their creditor preference reinstated. In the October 2018 Budget the then-Chancellor introduced a proposal for HMRC to rank as a secondary […]

Naming employers who break National Minimum Wage legislation

By Stuart Lawrenson, Lauren Piesley A review of the proposed changes to and reintroduction of the BEIS Naming Scheme and HMRC’s approach to National Minimum Wage enforcement announced on 12 February 2020. The Department for Business, Energy and Industrial Strategy (BEIS) scheme for naming employers who fail to pay the National Minimum Wage (NMW) was […]

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City firm casts net for corporate experts

MORE THAN 10 experienced lawyers are to be taken on as part of a recruitment drive by big City firm Herbert Smith. The new staff are being recruited for the corporate department and will bring the number of lawyers employed by the firm across the globe to about 500. Herbert Smith is looking for solicitors […]

First Name action could set off Lloyd's avalanche

THE FIRST legal action taken by Lloyd’s of London agents against a Lloyd’s Name could start an “avalanche” of cases against other individual defaulting Names, according to the agents’ lawyers. The action, against Dr Andrew James Higgins, was the subject of an Order 14 hearing last week and should result in a judgment within days. […]

Couderts in mass recruitment drive

COUDERT Brothers will introduce 80 new attorneys to its US practice next month if current merger talks with intellectual property lawyers are successful. Chair of the firm’s executive committee Anthony Williams last week confirmed Couderts was planning to strengthen its IP practice through acquisitions in New York, Washington and Los Angeles. New York, the base […]

Slaughters serves Barings protective writ

Slaughter and May is handling a ‘protective’ legal action on behalf of Barings’ administrators, Ernst & Young, against former derivatives trader Nick Leeson. A High Court writ was issued to “preserve the position of the administrators of Bishopscourt (BS) and Bishopscourt (BB & Co)”, formerly Baring Securities and Baring Brothers & Co said a spokesman […]

Libel/Food Contamination. When food isn't quite so glorious

Incidents of food and drink contamination, whether malicious or accidental, are never out of the news for long. Only recently it was reported that Marks & Spencer had launched a campaign to recall certain chocolate cakes on the same day that Sainsbury’s were recalling wafers because of possible contamination. The two incidents were unrelated. Such […]

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