Freshfields pushes forward in M&A rankings as deal flow steadies
US firms were the most active M&A advisers in the first half of 2017, with Freshfields Bruckhaus Deringer the only member of the magic circle to grab a top 10 spot.
Revealed: the north-south divide splits Asia-Pacific’s 100 largest firms
The Lawyer research into the top 100 legal firms in Asia-Pacific shows a demographic intent on territorial expansion. Which ones top the ambition list?
Clifford Chance and Skadden advise on Chinese tech giant Tencent’s spin-off IPO
Skadden Arps Slate Meagher & Flom and Clifford Chance have bagged lead roles on the proposed $800m IPO of China Literature, the e-publishing unit of Chinese tech conglomerate Tencent.
Morrisons general counsel Amsden leaves after four years
Wm Morrison Supermarkets general counsel Mark Amsden has left the company after four years, The Lawyer can reveal.
Amendment to Czech Copyright Act – the effect on businesses
Spotlight on automotive industry: Introduction to the series and financing
By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]
Funeral agency fined for not complying with earlier CPC decision
By Galina Petkova, Rosen Manchev On 27 June 2019 the Commission on the Protection of Competition (CPC) issued a decision in which it penalised funeral agency Elida MG EOOD (formerly Pokoy-1945 EOOD) for failing to comply with an earlier CPC decision. Such cases in which an undertaking fails to comply with a CPC decision and […]
Are you ready for the tax and employment authorities’ dawn raids? – Romania
By Theodor Artenie, Mara Moga-Paler A wave of dawn raids from mixed teams of the Romanian tax and employment authorities (ANAF and ITM) is expected this August. As per public declarations, these measures target tax evasion and “black market” labour. In this context, we recommend you take the necessary measures to ensure that all company […]
Lifting the fog in search of a filling station
By Andrea Radonjanin A landmark decision enforces abstract colour marks in Serbia. Dusk, and there is a light fog. Your fuel gauge signals that the tank is almost empty. Like a shining star, the familiar colour combination of your preferred filling station shimmers in the darkness (perhaps you like the quality of their service, cleanliness, […]
Increased turnover limit for tax credit on sponsorships – Romania
By Theodor Artenie, Anamaria Tocaci, Alexandra Barbu The turnover limit for the calculation of the tax credit for sponsorships, patronage, and private scholarships has increased from 0.5 % to 0.75 %. The amendment, which entered into force on 29 July 2019, is set forth by Law 156/2019 for amending art. 25 par. (4) lit. i) of Law no. 227/2015 on the Romanian […]
Freshfields pushes forward in M&A rankings as deal flow steadies
US firms were the most active M&A advisers in the first half of 2017, with Freshfields Bruckhaus Deringer the only member of the magic circle to grab a top 10 spot.
Revealed: the north-south divide splits Asia-Pacific’s 100 largest firms
The Lawyer research into the top 100 legal firms in Asia-Pacific shows a demographic intent on territorial expansion. Which ones top the ambition list?
Clifford Chance and Skadden advise on Chinese tech giant Tencent’s spin-off IPO
Skadden Arps Slate Meagher & Flom and Clifford Chance have bagged lead roles on the proposed $800m IPO of China Literature, the e-publishing unit of Chinese tech conglomerate Tencent.
Morrisons general counsel Amsden leaves after four years
Wm Morrison Supermarkets general counsel Mark Amsden has left the company after four years, The Lawyer can reveal.
Ogier’s Guernsey team advises Disruptive Capital on launch of fund
Ogier’s Guernsey investment funds team has advised Disruptive Capital on the Guernsey aspects of the establishment and close of the Secondary Disruptive Fund (the Fund), a closed-ended registered Guernsey collective investment scheme. The fund successfully closed at its targeted total commitments. Disruptive Capital, founded by Mr Edmund Truell, a former chairman of the British Venture […]
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Penningtons Manches Cooper records modest growth in pre-merger year
Penningtons Manches Cooper’s revenue has risen to nearly £80m while profits have taken a hit, in the firm’s second year as a member of the UK top 50. Over 2018/19, the firm saw slower growth compared to its previous two financial years, when both revenue and profit saw double-digit growth. Revenue rose 4.5 per cent, […]
The speed read: in-house fluidity; US firm office moves; and a poison pen at Doughty Street
Deep into August and the City is quiet as partners take a well-earned break drinking wine in Provence, sunning themselves on a Greek island or, in the case of one out-of-office reply we received this morning, “sailing round Alaska.” Nevertheless, the news does keep coming… The in-house market has rarely been this fluid The repercussions […]
Magic circle and US firms lead on Hasbro £4bn entertainment deal
Freshfields Bruckhaus Deringer and Mayer Brown have advised on US toy maker Hasbro’s £3.3bn ($4bn) acquisition of UK-listed Entertainment One. Canadian media and entertainment company Entertainment One, or eOne, is the owner of film and television titles such as children’s cartoons Peppa Pig and Ben and Holly’s Little Kingdom, through its family division. Through its […]
Firms set to lose out as Alibaba postpones its HK capital-raising
The delay in China’s biggest e-commerce company public listing in Hong Kong could see the longstanding advisers for Alibaba lose out on fees for a £16m capital-raising. The Alibaba Group announced early in the week that it would delay its IPO process in Hong Kong due to the protests that have swept the Asian corporate […]
Covington begins search for new London HQ as lease end nears
Covington & Burling is on the hunt for new office space in London as its lease edges closer to an end, The Lawyer understands. According to sources in the market, the US firm has kicked off the search ahead of its lease end in 2021. While no shortlist of potential locations is currently available, the […]
A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group
Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]