Europe

Updates and analysis from The Lawyer covering law firms from across Europe.

European News

Google

Clifford Chance secures victory over Cleary in landmark Google dispute

Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]

Rolls-Royce

Linklaters and Eversheds lead as Rolls-Royce continues spate of asset sales

Linklaters and Eversheds Sutherland have advised in the £500m sale of Rolls-Royce’s loss-making marine division, two weeks after the British manufacturing giant revealed the extent of its major business shake-up. Linklaters corporate partner Hugo Stolkin and managing associate Adam Rogowski have advised the buyer, Norwegian defence, marine and aerospace company Kongsberg Gruppen.  Kongsberg, which is 50 per […]

payment

Clifford Chance leads on bumper fintech listing for PayPal rival

Clifford Chance has advised on one of the largest IPOs in Continental Europe this year, tapping into a trend of tech companies pursuing public listings. The magic circle firm won the mandate from Dutch fintech company Adyen, which hosts payment platforms for companies such as eBay, Uber and Netflix. Adyen turned to magic circle partner […]

box

Slaughters leads opposite best friend firm on £1.5bn DS Smith deal

Slaughter and May and Iberian firm Pérez-Llorca have advised DS Smith in a deal to take over European packaging business Europac for nearly £1.5bn. DS Smith general counsel and company secretary Iain Simm turned to Slaughters corporate partners Andy Ryde and Filippo de Falco, who led a team on the deal. The lineup also included […]

Numbers and words across a computer screen with danger words highlighted such as cyber attack, data breach and system safety

European 100: Forget about Brexit, the real threat is cyber security

Independent European firms are more worried about cyber security risks to their business than they are about global politics, Brexit or the Trump administration, exclusive research has revealed. Almost two-thirds of firms responding to the European 100 survey this year said they had identified cyber security as a risk for their business in 2018. The […]

The European 100 2018 results: Garrigues tightens grip with new revenue record

Iberian firm Garrigues has become the first Continental European firm to break through the €350m (£307m) turnover barrier, holding its place as the largest independent firm in The Lawyer European 100. Garrigues posted a 2.2 per cent rise in revenue last year to push total income to €357.1m, keeping it comfortably ahead of French firm […]

Eversheds and HSF lead on £700m engineering deal

Eversheds Sutherland and Herbert Smith Freehills (HSF) have acted on the near £700m sale of British-owned engineering company, John Guest Holdings to Reliance Worldwide Corporation (RWC). Eversheds acted for John Guest’s shareholders, led by M&A partner Chris Halliday, with legal director Wyn Jones and senior associate Hannah Kaye. John Guest is one of Europe’s biggest suppliers of plastic fittings […]

Hogan Lovells makes up first new global IP head in 15 years

Hogan Lovells has appointed IP partner Burkhart Goebel as its first new global head of intellectual property in 15 years, as the leadership baton moves across from Germany to Spain. Goebel, who is based in Madrid and Hamburg, will step down from his role as regional managing partner for Continental Europe to head the IP practice […]

Frankfurt

Slaughters Italian best friend BonelliErede launches in Frankfurt

Italian firm BonelliErede has become the latest firm to open up in the German financial centre of Frankfurt with a hub in the offices of its German best friend Hengeler Mueller. BonelliErede banking partner Giuseppe Rumi will head up the new office. Rumi also coordinates the best friends European financial institutions group, which includes Slaughter […]

Featured Briefings

Use of behavioural biometrics brings privacy issues under GDPR

By Alex Towers With cybertheft and data breaches becoming an increasingly common occurrence, the need to rapidly and accurately identify fraud has driven the development of behavioural biometrics as a means to target automated attacks and suspicious transactions. However, for the technology to function, companies must amass libraries of biometric personal data to construct profiles…

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

Portugal: Fund management 2018

By Pedro Simões Coelho, Ricardo Seabra Moura and Carlos Filipe Couto How is fund management regulated in your jurisdiction? Which authorities have primary responsibility for regulating funds, fund managers and those marketing funds?

Kazakhstan: China’s Belt and Road initiative and opportunities for Islamic finance

By Shaimerden Chikanayev Kazakhstan has high ambitions in China’s Belt and Road initiative (BRI) as it is geographically an ideal junction between China and the west. There may, however, be some roadblocks for the BRI’s projects in Kazakhstan. It is therefore important to examine past experiences in order to be able to predict what legal […]

M&A activity in Ireland valued at €70.9bn in first half of 2018

The first six months of 2018 have been notably buoyant for Ireland’s mergers and acquisitions (M&A) market. Dealmakers were kept busy with a pipeline of transactions, in a continuation of the active market that was evident last year…

Blockchain roundtable: addressing the regulatory challenges of disruptive innovation

The Blockchain Research Institute (BRI) recently gathered nearly 70 global leaders in finance, law, government, academia and innovation for a special roundtable discussion that explored the challenges surrounding blockchain regulation. Usman Sheikh, Gowling WLG partner and National Head of the firm’s Blockchain & Smart Contract Group, co-led the forum with blockchain pioneer and co-founder of BRI Don Tapscott, […]

Luxembourg publishes law on VAT grouping

As foreseen in our previous newsflash, the law on VAT grouping has officially been published, last Friday. The text – which provides for an entry into force on 31 July 2018 – modifies the general VAT Law. It now enables Luxembourg entities sharing financial, economic and organisational links to set up a VAT group, thus allowing them to […]

Reform of the Portuguese pricing and reimbursement system

By Edward J. Dougherty Following a recent reform in 2015, the Portuguese pricing and reimbursement system is sophisticated and comprehensive. Nevertheless, substantial discretion is allowed to the competent national authority, and this is the source of most challenges for innovators…

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

Switzerland maintains its globally leading position in international arbitration

By Michael Feit Switzerland has a long-standing tradition to serve as the seat for international disputes. Thanks to its very arbitration friendly legal framework, and overall encouraging factors such as Switzerland’s neutrality, stability and business-friendly environment, Switzerland has remained a top choice for international arbitration for parties from all over the world…

New provisions concerning critical infrastructure in Romania

By Irina Radu One of the major objectives of the EU is reducing the vulnerabilities of critical infrastructure and increasing their resilience. An adequate level of protection must be ensured and the harmful effects of disruptions on the society and citizens must be limited as far as possible. Critical infrastructures extend across many sectors of the […]

Western Europe

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Eastern Europe

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