Magic circle lead charge against Libor-rigging claims at the CoA

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Latest Briefings

Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive

The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…

Social housing monthly law update – June 2018

This month’s TLT’s law update on all things affecting social housing includes: Automatic disqualification rule changes: Charity Commission declarations GDPR enforcement and penalties: What you need to know Dress codes in the workplace: New government guidance Government announces it will fully fund unsafe cladding removal in social housing Viability argument for 10% affordable housing fails…

From footfall to clicks – experts talk retail risk

By Gary Assim and Sarah Teal Poundworld has entered administration, and just before that it was announced that House of Fraser would be closing 31 stores, many of which are in some of the UK’s largest cities. It is no secret that many retailers have been adversely affected by the shopping habits of consumers, ever […]

Austria: The time has come – Federal Procurement Act 2018 just around the corner

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

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Daydreaming

Lawyers top daydreaming charts as 56 per cent fantasise about success

Lawyers are among the nation’s biggest daydreamers with eight in 10 claiming that regular daydreams help improve their performance at work, a survey conducted by hotel chain Travelodge claims. The study of 2,000 British workers concluded that on average lawyers daydream four times during their working day, with each daydream lasting four minutes and two […]

Herbies exits continue as global arbitration co-head quits for Orrick

Herbert Smith Freehills (HSF) global arbitration co-head Charles Kaplan has resigned from the firm to join US outfit Orrick Herrington & Sutcliffe. Kaplan is a specialist in international arbitration and held the dual role of co-head of global arbitration and head of the practice in Paris. It is understood that he will be moving to […]

RBS kicks off Emea panel review ahead of July start

The Royal Bank of Scotland (RBS) is carrying out a review of its Emea legal panel that will see it unveil a new roster for the region from 1 July. The bank is currently looking at the regional panel as the list – last selected in July 2010 – expires at the end of June […]

Purpose clauses: can lenders claim breach of trust?

In most facility agreements, lenders include a clause that the loan can only be used for a specific purpose, for example, to assist with the costs of development of a property. In the rare cases where funds are used for another purpose (often in cases of fraud), lenders may attempt to claim that the purpose […]

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