COVID-19 has left the whole world shaken. There’s a lot of debate going on about how soon life will return to normal, and whether things will ever be quite the same as used to be. Certainly the ‘post COVID19 return to work’ is a hot topic right now, particularly after recent advice from the UK Government.
Following a European Commission Recommendation published on 13 March 2020 (EC Recommendation), the government have taken steps to relax regulatory requirements in relation to the production of Personal Protective Equipment (PPE) during the pandemic. The changes enable manufacturers to place PPE on the market more quickly in an effort to meet the ever increasing demand […]
The Angolan banking system now comprises 26 banks, it being widely agreed that Angola’s banking institutions will need to continue their consolidation over the next few years – particularly considering that Angolan banking institutions still have a high rate of nonperforming loans (NPLs), despite the 5% reduction in 2018, and are being required to comply with international best practices and standards issued by the Basel Committee on banking supervision.
Reed Smith is starting a redundancy consultation process in London, one of a number of new measures introduced by the firm as it battles the consequences of Covid-19 on its business. The process will target what it describes as a “small number” of lawyers and staff in the firm’s City office. The Lawyer understands it will […]
In a rare loss for one of the busiest restructuring teams in the City, Ropes & Gray has picked up a Kirkland & Ellis London partner to revive its restructuring offering. Matthew Czyzyk will join the US firm after two years and a half at Kirkland. Before joining the firm at the Gherkin, Czyzyk had […]
Debevoise & Plimpton is the latest US firm to press ahead with European expansion plans, joining a growing number of firms with an office in Luxembourg. Debevoise’s newest outpost will be its tenth overall, and fifth in Europe, focused on private equity, assisting clients with the establishment of funds and regulatory issues. It is the […]
Freshfields Bruckhaus Deringer, Kirkland & Ellis and Macfarlanes have taken lead roles on the revised merger between wealth managers Tilney and Smith & Wiliamson. The original deal, struck last September, came under pressure in March when the Financial Conduct Authority reported concerns over the level of debt that the combined businesses would carry. The transaction […]
Baker McKenzie has rejigged its practice and industry group leadership, with three new appointments in London. Two City partners – Matthew Dening and Helen Bradley – have been appointed as global chairs of banking and finance and capital markets, respectively. Dening replaces Michael Foundethakis, who is based in Paris and Bradley replaces Koen Vanhaerents in […]