Opening European football’s winter transfer window on New Year’s Day triggers a strong gust of realism to remind fans of what the sport is about – money, and lots of it, in the players’ pockets. UEFA – the game’s governing body in Europe – is attempting to teach its member clubs good housekeeping by enforcing its financial fair play rules, which kicked off in 2011 and are designed in principle to prevent clubs from splurging too much on the spoilt brats and going bust. But as our correspondents from law firm Taylor Wessing point out, those relatively new regulations are facing a hard challenge. A Belgian sports agent representing several European footballers has launched a complaint with the European Commission alleging the rules breach EU regulations on competition and free movement. Our commentators assess whether the agent will win, lose or draw. Click here for more information.
That the British are obsessed with property prices is hardly news – speculation on bubbles and boasts of astute purchases will have dominated Christmas and New Year dinner parties in London and even further afield. But the addiction extends beyond residential property to commercial real estate, as our experts, London-based law firm Nabarro, illustrate with a snapshot of the current market, claiming that confidence is rising to levels not seen since the economic gloom of the financial crisis descended some five years ago. A significant finding? That funding ‘continues to shift away from the banks to new debt providers and investors such as private equity, institutional investors, pension funds, life insurers and debt funds’. Click here for more information.
You’re nowhere these days as a dispute resolution jurisdiction unless you can boast a shiny international arbitration centre. Singapore’s got one; the Persian Gulf fiefdoms of Qatar, Abu Dhabi and Dubai are tripping over each other in a bid to provide the flashiest state-of-the-art facilities. Now the Kenyan capital wants to get a slice of the action. Our expert on the ground from global law firm DLA Piper assess the prospects for the newly minted Nairobi Centre for International Arbitration. Click here for more information.
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