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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Money

A&O and Linklaters break into US pay battle with associate salary increases

Allen & Overy (A&O) and Linklaters have both announced that they are matching Cravath Swaine & Moore’s salary scale in their US offices, two weeks after Clifford Chance hiked newly qualified (NQ) lawyer salaries to $190,000. An internal memo sent by A&O said that salary increases would take effect from 1 July 2018, with pay cheques ranging […]

Bird & Bird

Bird & Bird PEP rises to £550k as strong financial run continues

Bird & Bird‘s average profit per equity partner (PEP) jumped nearly 10 per cent over 2017/18, continuing a strong run of financial results from the firm. The firm broke through the £500,000 PEP barrier for the first time in 2016/17 when it rose to £503,000. In the last financial year, PEP increased once more by […]

Schoenherr supports KIKA/Leiner on sale to SIGNA

Schoenherr has supported the KIKA/Leiner Group to stave off looming insolvency proceedings and has thus enabled the successful sale of the furniture retail group to SIGNA Group. The Schoenherr insolvency & restructuring team was led by partners Wolfgang Höller and Miriam Simsa. The restructuring plan, which was agreed upon with the KIKA/Leiner management and employees, […]

Pinsents and 3VB seal victory over Goldman Sachs in banking dispute

Pinsent Masons and 3 Verulam Buildings (3VB) took the lead roles for Portuguese banking group Novo Banco as it fought off two claims from a string of litigation heavyweights in the Supreme Court. Lord Sumption handed down the judgment in the Supreme Court, dismissing an appeal to an earlier decision over a liability transferred to […]

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