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Mothercare

Mothercare scraps GC role as fifth in four years departs

Mothercare has scrapped its general counsel position following the departure of Alice Darwall, who was acting as group general counsel and company secretary. The Mothercare in-house legal team has been in flux for the past few years; Darwall left the business in June 2018 after eight months. She replaced Andrew Eames, who was acting as […]

Azerbaijani

Sberbank swaps South Square silk for “£300,000” Brick Court QC

The Russian bank Sberbank has opted to swap South Square’s Barry Issacs QC and Alexander Riddiford for Brick Court super silk Mark Howard QC and junior Laura Newton for its Court of Appeal hearing in October. Howard and Newton will now be instructed by Fried Frank Harris Shriver & Jacobson partner Justin Michaelson for the […]

clifford chance building

Partners Group hands panel places to cohort of PE firms

Investment manager Partners Group has appointed a number of US and UK-headquartered firms to its panel, including Clifford Chance and Latham & Watkins, The Lawyer understands. Partners Group last undertook a review in 2016, in which the magic circle firm secured a place as one of the company’s core legal advisers. Two key deals for Clifford Chance […]

Hogan Lovells appoints new German head as part of management reshuffle

Hogan Lovells has announced a management shake-up in Germany, with a newly created managing partner role to oversee all of the firm’s German offices. Current Munich office managing partner Stefan Schuppert has been appointed as managing partner of Germany, presiding over the firm’s four offices in Dusseldorf, Frankfurt, Hamburg and Munich. An intellectual property lawyer, Schuppert […]

Nicola Foulston, Rosenblatt

Rosenblatt builds on IPO with new litigation funding arm

Rosenblatt has announced details of its financial performance, four months after its initial public offering (IPO) went live. The financial results see Rosenblatt’s revenue total £3m in the eight-week period ending 30 June 2018, in what CEO Nicola Foulston describes as a “good, strong start to life as a public company”. That is up 15 per […]

handshake

Mayer Brown fills tax gap with new partner hire

Mayer Brown has added former Nabarro partner Simon Rose to its tax practice in London, nearly a year after the departure of its lead City partner to Gibson Dunn & Crutcher. Rose joins Mayer Brown as its third tax partner in London. He started his career at SJ Berwin in 1994, working there until leaving to […]

Edinburgh

Addleshaws parts ways with Scottish private client practice after team defection

Over a year into its Scottish merger, Addleshaw Goddard has lost a ten-strong private client team to independent firm Morton Fraser. The head of Addleshaw’s private client team in Edinburgh, Gregor Mitchell, will move across to Morton Fraser, alongside legal director Euan Fleming and a team of eight consultants, solicitors, paralegals and executive assistants. The defection comes […]

allen & overy

A&O sets up partner-led tech team to harvest innovation ideas

With a number of products set to launch in the coming year, Allen & Overy (A&O) has set up a markets innovation group to pilot legal technology developed by the firm and discuss possible collaboration initiatives. The five-partner team in London, led by derivatives partner David Wakeling, has been developing two tools that address the possibility of […]

Quinn and Norton Rose face off in Ukraine-Russia bond battle

Quinn Emanuel Urquhart & Sullivan has secured victory for Ukraine in a long-running stand-off between the nation and Russia over the terms of a $3bn bond. The case was heard in the Court of Appeal last week, with the decision overturning a previous one made by the now-retired Mr Justice Blair – brother of former Prime […]

A picture of David Green QC who worked at the Serious Fraud Office, to illustrate The Lawyer Hot 100 Career Quiz with David Green QC career

Slaughters finally seals hire of former SFO director David Green QC

Slaughter and May has finally confirmed it has hired former Serious Fraud Office (SFO) director David Green QC as a senior consultant. Sources had claimed conflict issues were causing a hold up in the firm’s high-profile hire, but Slaughters has said Green will not work on matters in which he was involved while at the SFO. Green’s […]

top US law firms in London 2017

Orrick grows PE team with Simpson Thacher and Milbank duo

Orrick’s City office has offered partnership to two private equity lawyers from Simpson Thacher & Bartlett and Milbank Tweed Hadley & McCloy to bolster the firm’s efforts in this area. James Connor and Daniel Wayte join from Simpson Thacher and Milbank respectively, and have been brought in to add bench-strength to Orrick’s London private equity practice and add […]

paris

Dechert nabs Paris finance team from Mayer Brown

Mayer Brown has lost a five-lawyer real estate and finance team to Dechert’s Paris office, as the recruitment market continues to heat up in the French capital. Dechert partner Privat Vigand is leading the team’s move to Dechert, along with four associates – Guenaëlle Taroni, Antoine Periat, Fanny Roiena and Pauline Keller. Vigand has been at […]

Exit sign

Morgan Lewis loses corporate partner to Baker Botts

Baker Botts has snagged a corporate partner from Morgan Lewis & Bockius’ London office, three weeks after the latter brought in a trio of M&A partners from Herbert Smith Freehills to boost operations. David Ramm is joining Baker Botts after four years as a partner at Morgan Lewis. He moved over to the firm in 2014 […]

London

Sidley exits continue as finance partner joins Vinson

Sidley Austin‘s spate of exits continues in the capital, with capital markets partner Noel Hughes the latest to take on a new role at US firm Vinson & Elkins. Noel Hughes joined Sidley Austin as a partner in 2016, after a four-year spell as an associate at Paul Hastings. Prior to this, he was an […]

Chamberlain

DWF employment chief moves over to Osborne Clarke

Osborne Clarke has added two new partners to its City employment team, including DWF’s national head of employment Andrew Chamberlain. Chamberlain joined DWF in 2014 after nearly two decades at Addleshaw Goddard. In his practice, he advises FTSE 100 employers on processes such as services agreements and termination. He also covers employment nuances in M&A […]

Latest Briefings

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

2019 Dutch budget

The 2019 Dutch Budget (the Budget) includes a proposal to abolish the existing dividend withholding tax, replacing it with a withholding tax on dividend payments to related entities in low-tax jurisdictions and in cases of abuse as of 1 January 2020. In a separate proposal, implementing the EU Anti-Tax Avoidance Directive (ATAD1) new rules are […]

Developments in the Swiss securitisation market in 2017-18

By Lukas Wyss In July 2017, BMW (Schweiz) AG closed a new public Swiss auto lease ABS transaction. The transaction features the issuance of €325m Class A Floating Rate Notes via BMW’s Luxembourg platform Bavarian Sky Europe S.A. (acting in respect of its Compartment Swiss Auto Leases 2). This was one of the first Swiss public […]

KYC circular enables relaxation in compliance

By Siddharth Shah, Divaspati Singh, Khusboo Agarwal This is with reference to our newsflash titled “NRIs: Not Really for Indians? SEBI tightens FPI Norms” dated 17 April 2018 (Newsflash). The Newsflash analysed the Securities and Exchange Board of India (SEBI) circular dated 10 April 2018 (SEBI Circular), which disallowed Indian / Non-resident Indians from being beneficial […]

GST- Highlights of recommendations made in 28th GST Council

By Rashmi Deshpande, Ankit A. Shah, Pranay Sahay, Divya Gupta The GST Council recommended amendments in the Central Goods and Services Tax (CGST) Act 2017, Integrated Goods and Services Tax (IGST) Act 2017, Union Territory Goods and Services Tax (UTGST) Act 2017 and the GST (Compensation to States) Act. The aforesaid recommendations will be placed before […]

Revised guidelines on state aid for international financial institutions in Ukraine

The Antimonopoly Committee of Ukraine published new guidelines on state aid dated 6 September 2018 that clarify the AMC’s approach to financing provided by international financial institutions and to state and municipal guarantees securing the obligations in respect of such financing. On 17 September 2018, the Antimonopoly Committee of Ukraine (the “AMC”) published new guidelines […]

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