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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29 lawyers over two months: Dechert nets largest group hire from Quinn Emanuel
Dechert has completed the mass hire of 29 lawyers from Quinn Emanuel Urquhart & Sullivan’s product liability team in the US. The group has been joining since the end of May, after the arrival of Quinn’s product liability co-chairs Sheila Birnbaum and Mark Cheffo. The pair made the move with fellow partner Douglas Fleming, another […]
Freshfields and HSF to pocket £45m in fees for Comcast’s Sky bid
Freshfields Bruckhaus Deringer, Davis Polk & Wardwell and Herbert Smith Freehills (HSF) are set to pick up nearly £45m in fees for their work in the high-profile bidding war for Sky between Comcast and 21st Century Fox. The figures are printed in a formal offer document published by Comcast, which yesterday revealed it would be scrapping its […]
TalkTalk legal head joins AA as its new GC
TalkTalk’s Nadia Hoosen is the breakdown cover provider’s new general counsel
Dechert recruits Middle East duo from King & Spalding
Dechert has hired its first lateral partner in Dubai for over 18 months, after taking on two real estate lawyers from its US rival King & Spalding. King & Spalding partner Stephen Kelly is joining Dechert. He will be joined by counsel Sarah Mahood who joins as a national partner. Prior to King & Spalding, […]
Freshfields partner swaps private practice for the Bar
Freshfields Bruckhaus Deringer restructuring partner Nick Segal is switching private practice for the Bar, taking on a new role at Erskine Chambers. Segal is set to join the chambers as a barrister in September, after he has been successfully admitted to the Bar. Segal joined Freshfields in 2006 on his return to the UK from […]
DAC posts double-digit growth across the board with record PEP figure
DAC Beachcroft has posted a strong set of results for the 2017/18 financial year, showing double-digit growth in turnover and profit as well as posting a record-high in profit per equity partner (PEP) of £530,000. An 11 per cent increase in turnover from 2016/17 saw the firm rise from £207m to £230m, while a 21 per […]