Latest Briefings

What does the post-transition grace period mean for employers?

The Home Office recently updated its guidance in respect of what UK employers should be doing to check whether EEA nationals and their family members have the right to work during the post-transition grace period. Below is a summary of the main updates and how this will impact employers for the next two months.

AI – Commission publishes new legal framework

I wrote last autumn about the European Parliament’s approval of proposals for the regulation of artificial intelligence (AI), and the European Commission has now decisively picked up the legislative baton, publishing its comprehensive framework for an AI Regulation.

Replacing the vertical agreements block exemption: approaching a year to go

On 31 May 2021, the Vertical Agreements Block Exemption Regulation (VBER), which exempts certain agreements from the EU and UK prohibitions on anti-competitive agreements, enters its final year of service before its scheduled expiry at the end of May 2022. Both the UK’s Competition and Markets Authority (CMA) and the European Commission (EC) have begun consultations on whether to replace the current instrument and its accompanying guidelines and, if so, how the replacements can tackle some of their predecessors’ shortcomings.

Tech time out – health is wealth

Neil Lloyd, managing director at law firm FBC Manby Bowdler, set up Tech Time Out with Stephanie Henson last year after noticing that a lot of noise was being made about the amount of time people were spending on tech, and certainly, COVID just made it worse.


Ashursts moves in on Railtrack Group after Simmons conflicted

A host of law firms, including Herbert Smith, Ashurst Morris Crisp and Linklaters, are advising on a series of complex transactions with a combined value of more than £1bn to sort out the Railtrack affair. Ashursts partner Chris Ashworth is advising Rail-track Group on the sale of Railtrack plc’s shares to Network Rail for £500m, […]

Akin Gump beats Milbank and Kirkland to scoop WorldCom bondholders role

Akin Gump Strauss Hauer & Feld has won work from a committee of WorldCom’s largest institutional bondholders, seeing off competition from Enron creditors’ committee advisers Milbank Tweed Hadley & McCloy and Chicago-based Kirkland & Ellis.Daniel Golden, head of Akin Gump’s financial re-structuring practice, will advise the bondholders on matters related to WorldCom’s restructuring and possible […]

Al Fayed to appeal ‘cash for questions’ ruling

Mohamed Al Fayed will appeal a decision of the Court of Appeal, which found that the financial backers of former Tory MP Neil Hamilton were not liable to pay Al Fayed’s costs, despite his victory in the ‘cash for questions’ libel action DJ Freeman chief executive Laurence Harris, who is acting on behalf of Al […]

Deals summary

Herbert Smith (Jane Borrows) advised Portuguese rail operator Caminhos de Ferro Portugueses on the issue of €375m (£241m) secured floating rate bonds. The issue was guaranteed by MBIA Assurance, advised by Clifford Chance. Arrangers UBS Warburg advised by Allen & Overy. Slaughter and May (Sanjev Warna-kula-suriya, David Bicknell) advised Home Technology Receivable, a subsidiary of […]

Penningtons' turnover up £1m

Penningtons’ turnover has increased by £1m (5.7 per cent) to £18.5m However, profits per partner are expected to be slightly less than last year’s figure of £143,000 because the number of equity partners has increased from 20 to 36. Property remained the biggest earner, bringing in around 35 per cent of total revenue, with the […]

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