Latest Briefings

Trends in transatlantic acquisition finance

Contents A transatlantic future The US influence on the European market The rise of the non-bank lenders The patchwork of Europe The political impact Case Study: Financing Bain’s Acquisition of Kantar from WPP Team structure Conclusion: what next? Key takeaways The convergence of documentary terms, investors and commercial approaches across the European and US loan […]

MLD5 update and new EU AML action plan

The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.

High Court analyses compensation order regime under the CDDA accounting

The compensation order regime Compensation orders aim to make directors financially accountable for the consequences of their unfit conduct. They were introduced in October 2015 by the Small Business, Enterprise and Employment Act 2015 which amended the Company Directors Disqualification Act 1986 (CDDA). Under the new regime, the Insolvency Service can apply to court (on […]

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City players get chance to form own chambers

CITY solicitors are being offered the chance to work alongside other specialist sole practitioners in a customised solicitor’s chambers venture launched last week. The City Solicitors’ Chambers, in Mansell Street, is based on a similar venture also established by solicitor Anton Alexander five years ago in north west London. But the new operation, based on […]

In brief: SBA accounts reveal funds deficit

An increase in grants and a reduction in investment income have been blamed for the £46,006 net deficit recorded by the Solicitor’s Benevolent Association in its 1994 accounts. SBA president Eila Rochfort says deficits have been recorded in the past but, as the Association has put no ceiling on awards made to beneficiaries, “this must […]

UK solicitor loses Irish libel action

AN IRISH solicitor has won libel damages of u10,000 against a member of the profession in Britain. Justin Sadleir, of Gort, County Galway, took the action in Galway Circuit Court over a letter written by Joseph Bateman, of Bovingdon, Hertfordshire. The court heard that Sadleir had represented a company called Manorcraft in an action in […]

Freshfields reshuffle puts Salz in top post

ANTHONY Salz, the high profile head of Freshfields’ corporate department, is to become the City firm’s new senior partner. Salz takes over from John Grieves, who is due to retire. Grieves has been a partner at the firm since 1964 and held the top job for the last five years. The firm says that the […]

Howard faces struggle over CICS

MICHAEL Howard will have difficulty pushing through legislation to reinstate the tariff-based criminal injuries compensation scheme declared unlawful by the Lords, the Law Society predicts. The ruling against the Home Secretary’s controversial scheme has been applauded by the Law Society and hailed as a major victory for the victims of crime by the lawyers who […]

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