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Latest Briefings

Draft Karnataka Maternity Benefit (Amendment) Rules, 2018

The Maternity Benefit Act, 1961 (MB Act) was amended vide the Maternity Benefit (Amendment) Act, 2017 (2017 Amendment) to grant certain additional benefits to eligible women employees. As part of the 2017 Amendment, the provision of a crèche facility was made effective from 1 July 2017 as a mandatory requirement for every establishment with 50 […]

Insolvency in Indian aviation: India’s new Cape Town convention bill mean for recovery and re-possession of leased aircrafts

Leasing of aircrafts is a prevalent market practice in the aviation industry, and all existing airline operators in India have currently leased a significant number of aircrafts in their fleet. In fact, a sizeable debt in the books of these operators is in connection with such leasehold arrangements. Insolvency proceedings in India, including the aviation […]

Supreme Court confirms commercial tenant’s statutory right to a renewal lease

By David Manda, Ruth Ormrod The Supreme Court has confirmed, in the case of S Franses Ltd v Cavendish Hotel (London) Ltd that a landlord cannot oppose a tenant’s right to renew its tenancy on the grounds of redevelopment or reconstruction if there would be no intention to carry out the proposed works should the tenant vacate voluntarily.  Walker […]

New rules banning harmful gender stereotyping: What financial services clients need to know

By Jeanette Burgess, Louise Power Jeanette Burgess and Louise Power explain the Committee of Advertising Practice’s imminent ban on harmful gender stereotyping and offer their practical advice for financial services clients. What is changing, and why? We reported last year that the Committee of Advertising Practice (CAP) planned to introduce new rules banning harmful gender stereotyping in advertising. […]

Recommended

Deal summary

Shepherd & Wedderburn (Patrick Andrews) is advising on the restructuring of ScottishPower into separate limited liability companies.Clifford Chance (Geoffrey White) advised GATX Financial Corporation on a $250m (£175.9m) aircraft financing. Guarantor Ex-Im Bank advised by Milbank Tweed Hadley & McCloy. Arrangers Citibank and lenders Salomon Smith Barney advised by Pillsbury Winthrop.

Leader

After interminable deb-ates the EU has finally managed to draw up a directive on lawyers’ responsibilities with respect to money laundering. Interminable because the various lobbying groups on behalf of lawyers were up in arms about the possibility of any threat to the sacredness of client confidentiality.The timing is immaculate. As the simple act of […]

Finers gets in on Virgin property instruction

Finers Stephens Innocent has advised Virgin Entertain-ment on the property aspects of its disposal of 77 Our Price shops to a UK subsidiary of Australian company Brazin.Around a further 20 Our Price shops are being sold elsewhere or rebranded as Virgin’s V shops. Of the 207 shops, all bar 97 have been rebranded. The sale […]

Deal of the week – PROPERTY PORTFOLIO SALE

£365m London property sale goes transatlantic A combined UK and US effort has completed one of the largest property investment deals of the past couple of years. The London office of Gibson Dunn & Crutcher advised the unnamed vendor of 20 buildings, mainly in London, for £365m.The properties were acquired by a joint venture between […]

Encryption

There is no doubt that the tragic events in the US will have a dramatic effect on the way we can lead our lives. Recent reports suggest that the attacks on the World Trade Center and the Pentagon may have been planned using encryption technology. The terrorists may have hidden maps and photographs of their […]

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