To counteract tax evasion, Polish authorities have recently introduced legislation and digital systems allowing tax authorities to analyse banking systems, search for potential fraud, and block suspicious bank accounts. Effective 30 April 2018, the new rules may have an adverse effect on escrow accounts, M&A closings, and real estate transactions in Poland. This client alert […]
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…
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 […]
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 […]
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…
The recent implementation of the AML V Directive to the Polish Act on Counteracting Money Laundering and Terrorist Financing will have a significant impact on business and the approach taken by state bodies to certain transactions.
TLT’s recent webinar saw experts from TLT, Cornwall Insight, the Green Finance Institute, Blackfinch and SMBC discuss the UK’s green finance market.
People are the most important asset in the legal industry and for a modern law firm; this doesn’t just mean attracting and supporting the very best fee-earning talent. Highly skilled administration, human resources, IT, facilities, business development, management and marketing teams have just as great a role in keeping firms competitive.
Rahman v Cannon Design Architecture Inc. is a recent decision of the Ontario Superior Court of Justice where the Court rejected the plaintiff’s argument that the “just cause” termination provision in the employment contract amounted to an attempt to contract out of the Employment Standards Act, 2000. In so doing, the Court distinguished the case from Waksdale v Swegon North America Inc., one of the most noteworthy employment decisions of 2020.
Making a minority investment in an Irish company can be financially rewarding if timed well but doing so is not without risk. This advisory includes a short overview of ten key protections for minority investors.
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All firms want to hire and keep stand-out laterals, but does that work?
The city-state has been Asia’s most-active lateral hiring market over the last five years, with disputes and finance lawyers the driving force
NRF’s Newcastle office has major implications for its global profitability
The US firm’s disputes revenue has ballooned in the last five years and Kirkland will become the first firm to break the $2bn barrier next year
For CRS to usher in a new era of sustained profitability it must be brave
Barclays’ litigation budget is contracting, an indication that the disputes tsunami spinning out of the global financial crisis is at the beginning of the end
Watson Farley & Williams’ leadership duo are to stand down from their roles early, making way for a senior and managing partner of the firm. Chris Lowe and Lothar Wegener have been at the helm as co-managing partners since 2013, when they replaced Michael Greville. They will be replaced by Athens head George Paleokrassas, who […]
Proceedings in the High Court between a bankrupted billionaire and the Russian mega-bank he allegedly defrauded will be stayed until further notice. The decision to halt the 40-day trial set for January 2022 was reached at an application hearing before Mrs Justice Falk, involving oligarch Georgy Bedzhamov, creditor Vneshprombank and Russia-appointed bankruptcy trustee Lyubov Andreevna […]
As travel restrictions slowly begin to ease, firms are starting to make plans for in-person partner gatherings, their first since the pandemic began. Reed Smith held an in-person partnership conference in Miami last week, while others are looking to make plans for 2022. Reed Smith made the Florida event available to all partners who could […]
Burges Salmon saw its average profit per equity partner (PEP) spike by 15 per cent, as its revenue posted more modest growth. The PEP metric went up from £446,000 to £512,000. Meanwhile, its revenue grew by four per cent from £104.9m to £108.7m. The Bristol firm smashed the £100m revenue milestone the previous financial year. […]
ITV has finalised its first panel review under the helm of general counsel Kyla Mullins, with Clifford Chance and CMS among the firms winning spots. The full roster includes Slaughter and May, Reed Smith and Osborne Clarke, as well as Clifford Chance, CMS, DLA Piper and Hogan Lovells. In addition, it is understood that a […]
Allen & Overy’s flexible resourcing business Peerpoint has launched in Dubai, the latest jurisdiction included in its offering. The firm debuted its services in the United Arab Emirates in May, and it is now fully operational. The launch was driven by demand for projects within the firm’s network and from external clients over the years. […]
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