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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

Property

Lovells acted for Shaftesbury on its £42.5m purchase of National Magazine House, Carnaby Street, London W1 from Electricity Supply Nominees. The transaction was funded by a rights issue underwritten by Dresdner Kleinwort Benson. Jane Rigler, commercial property partner at Lovells, acted on the deal while Eversheds advised Electricity Supply Nominees.

Deals

Slaughter and May is acting for Unilever on its proposal to purchase the outstanding stock of Bestfoods. The Anglo Dutch company is offering $66 (£43) per share which will value Bestfoods at $18.4bn (£11.6bn). Michael Peascod, corporate partner at Slaughters, headed a four-strong team on the deal.

Dotcom mania makes me mad

Am I alone in feeling that I am being dragged along by the internet goldrush. It’s not just the farcical valuations of non-businesses just because they have dotcom after their name. Nor is it the moral panics, first about porn, then about credit card fraud and now about viruses. No, it is the insidious feeling […]

Property

Lovells acted for Shaftesbury on its £42.5m purchase of National Magazine House, Carnaby Street, London W1 from Electricity Supply Nominees. The transaction was funded by a rights issue underwritten by Dresdner Kleinwort Benson. Jane Rigler, commercial property partner at Lovells, acted on the deal while Eversheds advised Electricity Supply Nominees.

A&O wins double first with PFI deal

Allen & Overy has secured a double first from the Treasury – the first private finance initiative (PFI) to use the firm’s online dealroom and the standardised PFI documentation. The A&O team, led by partner Anne Baldock, advised monoline insurer Ambac Assurance UK and underwriters Warburg Dillon Read on the provision of a £127.8m index-linked […]

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