OFT complaint calls for Clementi in Scotland

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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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Salans hires DWS associate for arbitration launch

Salans has hired a senior associate from Denton Wilde Sapte to spearhead its London international arbitration practice. George Burn joined Salans yesterday (8 May) as head of international arbitration in the City. He will be based in London but will work closely with Salans’ Paris international arbitration team, the firm’s largest. Sarah Francois-Poncet, a partner […]

CC scoops three private equity floats in a week

Clifford Chance has acted on a trio of private equity exits, taking all three public via flotation on the London Stock Exchange’s (LSE) main market. The first of the IPOs was from longstanding Clifford Chance client Xchanging, an international provider of pure-play business process outsourcing. Formed by private equity firm General Atlantic in 1999, Xchanging […]

Stevens & Bolton bolsters construction

•South East firm Stevens & Bolton has hired construction partner Matthew Needham-Laing as head of construction and engineering from London construction boutique Fenwick Elliott. Needham-Laing said: “I chose Stevens & Bolton LLP because of the firm’s evident commitment to expanding its construction department. I look forward to working with my new colleagues, building on Stevens […]

Nabarro set to smash £500k PEP target

Nabarro boosted turnover by 13 per cent and expects a 20-plus percentage increase in average profit per equity partner (PEP). If the firm has achieved its increase in PEP it will have reached its goal of achieving £500,000 by the end of the 2006/2007 financial year. Last year PEP stood at £451,000. Nabarro senior partner […]

Cravath launches restructuring group with rare lateral

Elite US firm Cravath Swaine & Moore has pounced on Manhattan rival Skadden Arps Slate Meagher & Flom to launch its restructuring practice. Cravath, which rarely makes lateral partner hires, has taken on Richard Levin as its new restructuring head. Levin said: “Although it was a difficult decision to leave Skadden Arps – a great […]

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