Latest Briefings

Switzerland – restructuring and insolvency activity

The Swiss federal government’s Expert Group expects Switzerland’s GDP to fall by 1.5 per cent in 2020, down from previous expectations in December 2019 that predicted a rise of 1.3 per cent, mainly because of covid-19.

Romania – Consumer protection updates in the audio-visual media field

In November 2018, the European Parliament and the Council of the European Union enacted the Directive (EU) 2018/1808 amending Directive 2010/13/EU on the coordination on certain provisions laid down by law, regulation or administration in Member States concerning the provision of audio-visual media services in view of changing market realities (the “Audio-Visual Media Services Directive”).

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Lovells rebuilds in Germany with Luther raid

Lovells has finally moved to rebuild its German securitisation practice with the hire of a three lawyer team from the Ernst & Young associate firm Luther. Partner Sven Brandt starts at the firm in August and brings with him Isabelle Knoché-Hess, who joins as of counsel, and associate Richard Reimer. Brandt said: “There is a […]

DLA Piper Europe and Asia reaps £366m

The Europe and Asia offices of DLA Piper Rudnick Gray Cary generated a fee income of £366.7m for the last financial year. DLA Piper Europe and Asia recorded a turnover of £322m during the 2004-05 financial year, ending in April 2005. Although the firm now reports figures based on a calendar year in line with […]

Insolvency

Large-scale insolvencies and restructurings have been largely absent from the UK market over the past few years. However, lawyers working in this area are having to get to grips with a number of new factors that have changed the way they go about their work. Pre-pack administrations have come under criticism lately for being less […]

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Mind the pre-pack

Alternatives to pre-pack administrations are being sought in a bid to find a better solution for creditors of insolvent business. Carolyn Swain reports Pre-pack administrations have been getting a bad press of late. They are seen as a less-than-transparent sale process where creditors are faced with a fait accompli at the creditors’ meeting with no […]

Law Soc deficit rises to £8m

The Law Society’s annual deficit rose again last year to nearly £8m, the recently-published accounts reveal. The society’s income from practising certificate fees, investments and other sources totalled £110m in 2005, up from £103m in 2004. But expenditure rose by a greater amount to £118m, from £108.6m the previous year. However the society’s acquisition of […]

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