Warsaw: Management liability in M&A transactions
By Niall Crowley Increased volatility on financial markets is putting pressure on company management teams when setting valuations in M&A transactions, according to experts gathered at a seminar held by international law firm Wolf Theiss…
New EU regulation: The end of geo-blocking when shopping online
A new EU Regulation, which will take effect on 3 December 2018, provides for borderless online shopping. Traders are obliged to treat online customers equally, regardless of which EU-member state they come from. Geo-blocking will be abolished in many cases. However, digital content protected under copyright law and some other services are not yet affected […]
Bulgaria: Commission recommends amendments to the energy act
On 8 February 2018, the Bulgarian Competition Protection Commission (“CPC”) issued a Decision in a Competition Advocacy proceeding initiated in 2017 for the assessment of conformity with Competition law of the legal framework applicable to heat energy supply legislation. The Competition Advocacy proceeding analyzed the respective sections of the Energy Act (“EA”), the Heat Energy […]
Romania and GDPR: Key proposed measures
On March 14 2018, the Romanian law for implementing measures on EU regulation no.2016/679 on the protection of individual rights regarding the processing of personal data directive GDPR was submitted. The legislative proposal can be reviewed here…
Bulgaria joins EU anti-money laundering club
The Bulgarian Parliament has adopted the Anti-Money Laundering Act. The Act transposes Directive (EU) 2015/848 on the prevention of the use of the financial system for the purposes of money laundering and terrorist financings…
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Pinsents holds on to Eon work after sole provider review
Pinsent Masons will remain Eon’s sole UK legal provider until at least 2023 after the energy supplier renewed its five-year deal with the firm for a second time. This is the second prominent sole provider model that the firm has retained in 2018 following its March announcement that Balfour Beatty would be retaining its services […]
Linklaters and Slaughters fees near $110m for Shire mega-deal
Linklaters, Slaughter and May and Davis Polk & Wardwell are among the legal advisers set to rake in more than $110m in fees after working on the bidding war for Irish drug maker Shire. Shire was eventually sold to Japanese company Takeda, although two of its approaches were rebuffed by shareholders before the eventual proposal, valued […]
Blackstone Chambers QC faces Lords suspension over sexual harassment claims
One of Blackstone Chambers’ longest serving members will appear before a hearing later this week after allegations of sexual harassment led an inquiry to recommend his suspension from the House of Lords until 2022. Lord Lester of Herne Hill QC will attend a hearing at the House on Thursday (15 November), which will rule on whether […]
Clifford Chance senior partner race down to three as “Obama candidate” surges
An announcement on Clifford Chance‘s next senior partner is expected this week as two of the frontrunners are understood to have dropped out of the running, leaving partners with an all-male trio to choose from. Of the three, corporate partners David Dunnigan and Katherine Coates have dropped out, having been outliers from the offset. The […]
Weil Gotshal’s City banking chief lands new role at White & Case
White & Case is to round off 2018 with its second lateral hire from Weil Gotshal & Manges this year, taking on the firm’s London head of banking. The Lawyer can reveal that Mark Donald is joining White & Case as a partner, after six years at Weil. He joined following a spell of almost 15 […]
Shiseido GC leaves for US vape company
Shiseido Group’s general counsel Elaine Hutton has taken on a new role at San Francisco-headquartered e-cigarette company JUUL. Hutton is understood to be JUUL’s first European legal director in London and will act as the corporation’s associate general counsel. JUUL is a spin-off from Pax Labs, which started in 2017. It currently has more than half of […]