Lovells team wins £70m for Abbey National in £460m leaseback deal

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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FINANCE

Bank of America and Abbey National Treasury Services arrange £685m financing for the Birmingham Northern Relief Road, the first tolled motorway in the UK. Allen & Overy advised Bank of America and Abbey National (Anne Baldock). Borrower Midland Expressway advised by Ashurst Morris Crisp (John May, Mark Elsay), and CMS Cameron McKenna advised the Department […]

real estate

When the recession of the early 1990s made property about as uncool as a 1980s wardrobe, Nabarro Nathanson was one firm that refused to be swayed by fashion. But like batwing T-shirts and diamanté, property is back with a vengeance. City firms have rediscovered the sector in new and more profitable guises, allied to cutting-edge […]

Clifford Chance to recruit former UBS global counsel

Clifford Chance is poised to take on the former global general counsel of UBS Warburg Dillon Read. Mark Harding is planning a return to the firm he left in 1996, when he decided to join the investment banking arm of UBS. He walked out of the bank in July, saying he was taking several months […]

Trenité splits up Amsterdam and Rotterdam to hike merger appeal

TrenitÉ Van Doorne, The Netherlands’ fourth largest law firm, has announced that its Amsterdam and Rotterdam offices are demerging. The move will boost the appeal of the 27-partner Amsterdam unit to foreign merger partners. The Amsterdam office specialises in banking and securities law while the 25-partner Rotterdam office focuses on the less profitable areas of […]

Camerons sets up HK banking team

CMS Cameron McKenna has launched a Hong Kong banking practice, 20 years after arriving in the region. Following the 1997 Asian “meltdown”, local banks limited lending to mortgages. Now the economy is improving, this is changing. The practice will start as an extension to the firm’s corporate recovery department, taking advantage of the upturn in […]

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