Market Supervisory Authority (FINMA) has approved SIX Exchange Regulation AG and BX Swiss AG to act as Prospectus Offices as from June 1st, 2020. Their appointment represents a major step in the implementation of the new Swiss prospectus regime. As a consequence, the new Swiss prospectus requirements will be mandatory and offering as well as listing prospectuses will generally require approval by one of the Prospectus Offices as from December 1st, 2020. This newsletter outlines the regulatory implications and proceedings of the new statutory prospectus review.
Switzerland harbours many sectors of the life sciences industry. Swiss research, development and production are well known in all corners of the planet. Switzerland is home to world leaders and is the origin of many groundbreaking ideas turned into successful start-ups, some set to become top players within a generation. The Federal Institutes of Technology […]
On 5 May 2020, all but four EU Member States have signed an agreement to terminate their intra-EU bilateral investment treaties. What are the consequences for the protection of EU investments? How does this agreement affect pending arbitration proceedings? And how should investors react in order to ensure adequate protection?
The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition and environmental issues.
The existing emergency loan scheme for businesses facing liquidity issues as a consequence of the Covid-19 pandemic is tied to annual turnover (with one limited exception). Given that many start-ups only generate little or no revenue during their first years of operation, they have effectively been excluded from meaningful relief under the scheme.
On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.
“Absolute confidentiality is very important for the family as well as providing asset protection. Family B have employed local, qualified, experienced employees who have maintained the confidentiality expected when dealing with the family’s wealth.”
In a judgment handed down on 6th May 2020 in Re Debenhams Retail Ltd (in administration)  EWCA Civ 600, the Court of Appeal provided confirmation on the implications for office holders and insolvent estates of using the Government’s Coronavirus Job Retention Scheme in administrations, following the previous first instance decisions on the issue in Re Carluccio’s Ltd  EWHC 886 (Ch) and Re Debenhams Retail Ltd  EWHC 921 (Ch). Matthew Weaver considers the judgment and its implications in this briefing.
In a judgment handed down on Monday 13th April 2020 in Re Carluccio’s Limited (in administration)  EWHC 886 (Ch), Snowden J considered the application of the Government’s Coronavirus Job Retention Scheme in administrations both as a matter of principle and in respect of the logistics and practicalities involved for office holders. Matthew Weaver considers the judgment and its implications in this briefing.
Fiona Le Poidevin, CEO of The International Stock Exchange Group, explores how the Channel Islands are utilising experience and expertise to make a significant impact in global green and sustainable finance initiatives.
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Another tax partner based in Freshfields Bruckhaus Deringer’s Frankfurt office has left the firm. Tobias Teufel, who was promoted to partner in 2010, is to part ways with the magic circle player after working in its corporate tax practice, advising banking and financial services clients. A firm spokesperson said: “The firm and Tobias Teufel have […]
Simmons & Simmons was the latest firm to float the idea of a reduced working week to its staff, while attention will again be drawn to how the legal industry is tackling issues of diversity. Black Lives Matter – but what is the legal industry doing about it? There were protests around the world this […]
Freshfields Bruckhaus Deringer and Baker McKenzie have led on the acquisition of make-up brand Charlotte Tilbury by Spanish fashion group Puig in a transaction that saw Withers and Pinsent Masons also win roles. Freshfields corporate partners Alison Smith and Piers Prichard Jones led for the UK-based makeup company from the magic circle firm. Charlotte Tilbury […]
A real estate team from Irwin Mitchell has defected to Clyde & Co, as the latter looks to expand its practice further in the north. Head of Irwin Mitchell’s Sheffield real estate team Andrew Wallis, fellow real estate partner Kevin Fox and real estate finance partner Dean Gormley will join Clydes. In its Guildford office the […]
Dentons has lost its Madrid managing partner, together with two other partners, to local firm Pérez-Llorca. Jesús Varela was the firm’s managing partner for a little over a year, joining Dentons in 2011. A real estate finance partner, he was also the head of its Spanish real estate practice. Varela had been a partner with […]
Greenberg Traurig has hired the former country president of pharma giant AstraZeneca to help reintroduce employees into its Warsaw office, as lockdown restrictions in Continental Europe start to ease. The local outpost of the US firm has engaged Jarek Oleszczuk, who used to be country president of AstraZeneca for three years, growing the headcount of […]