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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Eversheds Sutherland and Clifford Chance in action over 1MDB litigation
A High Court judge has granted a stay to proceedings to allow for further arbitration in a case between 1Malaysia Development Berhad (1MDB) and Abu Dhabi’s International Petroleum Investment Company. Malaysia’s minister of finance and state investment firm 1MDB claim that a $5.78bn settlement with Abu Dhabi’s International Petroleum Investment Co (IPIC) and Aabar Investments in […]
Clifford Chance called in as British Steel enters insolvency
British Steel is the latest UK business to be placed into compulsory liquidation, with a number of law firms pitching into advise on matters related to the insolvency. It was revealed today that EY will act as special mangers on the liquidation, bringing in Clifford Chance partner Philip Hertz and Iain White for advice. The […]
Skadden wins mandate for Pret on its EAT purchase
Skadden Arps Slate Meagher & Flom is one of three firms advising on Pret a Manger’s purchase of rival food chain EAT. The Skadden team was led by London corporate partners Richard Youle, Katja Butler and Linda Davies, who represented Pret and its owner JAB Holding. Freshfields Bruckhaus Deringer partner Alex Potter, advised on antitrust […]
The Lawyer GC Strategy Summit: how Norton Rose Fulbright transformed its tech unit
Over the past two years, a number of firms pledged to invest in new technology as part of a transformation journey around how legal services are delivered. At The Lawyer’s GC Strategy Summit in Alicante, Spain, two Norton Rose Fulbright delegates opened up on how change has been embedded into the texture of the firm, […]
The Lawyer Awards: Slaughters, Ashurst and Pinsents among the energy and infrastructure finalists
There are eight firms in the running for this year’s Energy and Infrastructure prize at The Lawyer Awards, in association with Travelers. Here are the deals that merited them a place on the shortlist. Norton Rose Fulbright saw through the financing of innogy SE’s £2bn 860MW Triton Knoll Wind Farm. As one of the world’s […]
Court sides with McDermott in Taylor Wessing privilege spat
An Essex Court silk has ordered Taylor Wessing to review a slew of documents relating to a family’s personal data in the latest development in a six-year long lawsuit. The firm will now be required to review a host of paper documents linked to a dispute over several trusts in the Bahamas, as well as […]