London Underground set for shake-up of external advisers

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Latest Briefings

Tax ruling by Luxembourg to McDonald’s Europe franchising did not involve illegal state aid- European Commission

On 19 September 2018, the European Commission concluded that a tax ruling granted by Luxembourg to McDonald’s Europe Franchising did not constitute illegal State aid. The Commission acknowledged that Luxembourg had correctly applied the Luxembourg-United States tax treaty. While this decision concerns an individual case, it suggests that State aid rules are not an appropriate […]

Energy tax matters – Prinsjesdag 2018

The Budget Day Package 2018 contains a separate bill (‘Fiscal greening measures 2019’) with measures to reduce CO2 emissions. The proposal includes, among other things, the following changes in energy tax: Promoting electrification: shifting energy load from natural gas to electricity. The tariff in the first disc for natural gas is increased by EUR 3ct / m2, […]

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

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The burden of proof

Financial advisers are in the firing line as more people lose money from their investments, but Charles Hewetson and Aamir Khan say that proving a case is not as easy as it might seem The successive annual falls in the financial markets over the past three years have had serious consequences for investors. The financial […]

Zimbabwe puts judge on trial

Fergie Blackie, the retired judge arrested in Zimbabwe last year for allegedly attempting to defeat the course of justice, is facing trial at the end of this month. Blackie’s trial is set down for 30 June in the Harare Magistrates’ Court, and the state is likely to call three other judges as witnesses. The UN […]

Reed Smith appoints ex-Hammonds head

Reed Smith has hired Giles Beale, the former head of Hammonds’ institutional practice, as a partner in its business and finance group. Beale joined Hammonds in 1996 from Simmons & Simmons to launch the firm’s corporate finance practice in London. Beale brings a string of clients with him, including Evolution Beeson Gregory, Robert Baird and […]

BLP grows private equity with Osborne Clarke hire

Osborne Clarke has suffered another blow in London with the loss of private equity partner Geraint Lloyd to Berwin Leighton Paisner.Lloyd counts among his clients the Close Brothers Group, for whom he works across several divisions on private equity-backed M&A transactions, development and venture capital and real estate funds, and Matrix Securities.Commenting on the recruitment, […]

Wachtell lawyers face court appearance against client Martha Stewart

New York’s Wachtell Lipton Rosen & Katz may soon be viewing the trial process from the other side after it emerged that two of its partners could be called as witnesses in the case against client Martha Stewart.Litigation partners Lawrence Pedowitz and John Savarese may be asked to the stand as witnesses for the prosecution. […]

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