Clifford Chance advises bookrunners on OHL’s high yield issue

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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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James Corbett

Kobre & Kim, Quinn Emanuel target London as financial litigation hotspot

US litigation outfits see UK capital as fertile ground for growth. The apparent certainty that the regulation of the financial ­services sector, both in the UK and internationally, will be tightened up considerably over the coming months has led to an anticipated rise in litigation – a trend that two US firms in particular are […]

Trio of Payne Hicks partners form spin-off private client boutique

Three Payne Hicks Beach private client partners will leave the firm next month to set up a boutique private client practice. Louise Stoten, a partner at Payne Hicks for the last 10 years, will set up New Quadrant Partners along with partners Marcus Parker and Jane Bennett, who both joined the firm last year. They […]

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Brave new world

If the brave new world of British politics is anything to go by traditionalists and modernists can coexist in harmony. Yet last week the High Court saw the beginning of a multi-million pound dispute rooted in a clash between modern property developers the Candy Brothers and the future King of England, Prince Charles, who infamously […]

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Dentons posts 22 per cent PEP increase as turnover nudges down

Denton Wilde Sapte has posted average profit per equity partner (PEP) growth of 22 per cent for the 2009-10 financial year, despite total revenues dropping slightly on the previous year. The firm has reported a PEP of £360,000, a significant jump on last year’s figure of £300,000, but still 23 per cent below the figure […]

Malcom Hitching

Lawyer Awards banking & finance line-up go big on restructurings

US firms go head-to-head with magic circle establishment. Another year, another set of bet-the-company workouts. Every firm (bar one) on the shortlist for Finance Team of the Year at The Lawyer Awards won a place for a role on restructurings. Good technical and tactical lawyering was at a ­premium with intercreditor tussles aplenty. Last year’s […]

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