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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UK 200: Slaughters tops revenue per lawyer charts
Slaughter and May has the highest revenue per lawyer (RPL) of the UK’s top 100 largest firms this year. At £900,000, the firm’s RPL is also the third highest in the top 200. Only Bott & Co (ranked 153rd in the UK 200) and Drydensfairfax Solicitors (ranked 196) are higher. For 2018, any firm wishing […]
Former SFO case controller resurfaces to launch US firm’s London white-collar crime team
The former Serious Fraud Office (SFO) case controller for its high-profile battle with the Eurasian Natural Resources Corporation (ENRC) has resurfaced as a partner at a US firm which only launched in London earlier this year. John Gibson has joined Cohen & Gresser’s London office – which opened in May – to launch the firm’s […]
Clyde & Co to support global banks-backed trading blockchain platform
Clyde & Co is set to provide legal services to a new consortium of banks and traders launching a blockchain-based platform to digitalise commodities trading processes. Komgo SA is a new Switzerland-based partnership that brings together powerhouse banks and stakeholders in the oil industry, including ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch […]
Linklaters starts coding club after asking lawyers for innovation tips
Linklaters is piloting an idea generation platform to develop new solutions to common problems in an effort to boost lawyers’ engagement in innovation. Ideas Pathway, a technology platform created by software company Hype Enterprise, allows the firm’s staff to submit ideas from any device and to collaborate on the review and development of the pitches. […]
Blow for Macfarlanes’ client over oligarch’s $350m freezing order
A Russian billionaire being sued by a former business partner has failed in his attempts to not have the details of a worldwide freezing order (WFO) on assets worth up to $350m disclosed to the claimant in a recent High Court judgment. Fishing magnate Vitaly Orlov, advised by Macfarlanes head of fraud James Popperwell, is […]
Freshfields tops UK M&A rankings for Q3
Freshfields Bruckhaus Deringer has retained the top spot in UK M&A rankings for Q3, having ranked second behind Herbert Smith Freehills (HSF) in Q1. According to data from Thomson Reuters, Freshfields announced 55 UK-based deals between July and the end of September, totalling $115.4bn. The firm’s work on Comcast’s Sky bid paid dividends. Davis Polk & Wardwell, […]