UK announces new measures to combat forced labour and human rights abuses in Xinjiang
On 12 January 2021, UK Foreign Secretary, Dominic Raab, announced a package of measures intended to ensure that British organisations in the public and private sector are not complicit in – or profiting from – human rights violations against Uyghur Muslims in China’s Xinjiang region.
European Commission issues Guidance Note on the EU Global Human Rights Sanctions Regime
Following the adoption of the EU Global Human Rights Sanctions Regime, which is set out in Council Regulation (EU) 2020/1998 and Council Decision (CFSP) 2020/1999 (see our previous client alert), the European Commission published a Guidance Note on the implementation of certain provisions under Council Regulation (EU) 2020/1998.
Portugal’s council presidency: mapping the priorities and some thoughts on the outlook
Portugal has taken over the Council’s rotating presidency since January 1, 2021, a role it will assume until June 30, 2021, with the flagship motto of “Time to deliver: for a fair, green and digital recovery.”
OFAC announces first ever enforcement action targeting a digital asset company
By Meredith Rathbone, Alan Cohn, Jack Hayes, Evan Abrams & Jack Ritossa On December 30, 2020, the US Department of the Treasury’s Office of Foreign Assets control (OFAC) announced a $98,380 settlement with BitGo, Inc. (BitGo). This civil settlement, regarding apparent violations of multiple sanctions programs related to digital currency transactions, is the first published […]
Recent reports suggest supply chain de-coupling policies likely to continue
Recently-published reports from the US government suggest that, due to COVID and US-China trade tensions, US policy is likely to continue a trend towards incentivizing supply chain de-coupling in the ICT sector where feasible.
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Slaughters’ property deal is not what it seems
A recent welter of City office moves and lease renegotiations limited Slaughters’ options.
Law firm mergers are dead: discuss
Strategic merger opportunities lie in the lower echelons of the UK Top 200.
Spreadsheet, spreadsheet, do a trawl – which is the hottest firm of all?
Which organisation has had most lawyers featured in the Hot 100 over the 20 years?
Come for the rugby, stay for the M&A
Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
2021 will be Kirkland’s year – again
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
There are many escapees from BigLaw
Boutiques are now looking like a particularly attractive option.
Allen & Overy closes Barcelona office as lease ends
Allen & Overy has decided to shut down its two-staff satellite office in Barcelona, and focus the growth of its Spain practice from Madrid. The magic circle firm launched the Barcelona office in February 2014, with the hire of Freshfields Bruckhaus Deringer corporate partner Antoni Valverde. However, the office remained a small outpost with a single-fee […]
Freshfields and TLT steer Boohoo’s acquisition of Debenhams
Freshfields Bruckhaus Deringer is advising Debenhams’ administrator FRP Advisory as Boohoo snaps up the department store’s brand. The deal does not include any of Debenhams’ remaining 118 High Street stores or its workforce, meaning that up to 12,000 jobs at the department store chain are set to go. Freshfields global restructuring and insolvency head Ken Baird […]
Cornerstone launches investigation in response to member’s tweet
Cornerstone Barristers has said it “repudiates the contents” of a tweet made by one of its members, with the set launching an internal investigation into the matter. The tweet was made by Jon Holbrook, who was called to the Bar in 1991. Cornerstone said the post, published on 17 January, was brought to its attention […]
Fried Frank lures new restructuring lateral from Reed Smith
Fried Frank Harris Shriver & Jacobson has hired its second restructuring specialist in the City, as firms look to bulk up amid a wave of deal opportunities. The London outpost of the US firm has hired partner Mandip Englund, who has spent almost two years at Reed Smith. She will work within Fried Frank’s global […]
Revealed: The Hot 100 2021
Members of The Lawyer Hot 100 have just two things in common. The first is excellence. Every year, our Hot 100 covers an incredibly diverse mix of legal professionals: scrappers from the rough and tumble of criminal law; sharp-suited corporate dealmakers; intellectuals and silver-tongued advocates from barristers’ profession; the in-house counsel with the ear of […]
Clifford Chance sets up working groups to tackle retention issues
Clifford Chance is starting a series of focus groups in its London office that will look at ways to boost ethnic minority retention rates in coming years. Starting later this month and ending in the first weeks of February, the firm has formed focus groups consisting of people of ethnic minorities and white colleagues – […]
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