Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

Survey reveals US firms pay double UK salaries

A survey of legal salaries published today reveals that US firms in London are paying almost double what their City counterparts can offer. The average wage for a seven-year qualified assistant in a US firm based in London is u100,000, compared with between u52,500 and u60,000 on offer at City firms. The survey shows a […]

London lawyers can't take the heat in Bermuda

London lawyers posted to Bermuda to fight one of the highest profile court cases of the decade have admitted that they are fed up with life on the paradise island. Norton Rose and Clifford Chance lawyers flew to Bermuda for the Thyssen trust case at the beginning of the year, expecting an imminent trial. But […]

Lord Mishcon moves to block Lord Irvine in Bill

Labour peer, Lord Mishcon QC plans to introduce an amendment to the Access to Justice Bill designed to vanquish the “Sword of Damocles” held by the Lord Chancellor, Lord Irvine over the Law Society’s trade union role. As the Access to Justice Bill went through its report stage in the Commons, an amendment was introduced […]

Financings

Clifford Chance advised Paragon Finance on a u185m deal involving the public issue of mortgage-backed floating-rate notes. The deal involved both a “true sale” and a “secured loan structure”. The securitised loan was made to a Luxembourg special purchase vehicle. Partners Andrew Forryan (pictured

Bright lights, big City

Last week The Lawyer revealed that South East firm Thomas Eggar Church Adams was considering axing its training scheme. The firm had been investing thousands of pounds in training its future lawyers only to have them lured away by the bright lights and the big pay packets of the City. Training is an expensive business. […]

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