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Latest Briefings

Structured Finance & Securitisation

By Patrick D Dolan What legislation governs securitisation in your jurisdiction? Has your jurisdiction enacted a specific securitisation law? Securitisation has developed in Switzerland without specific supporting legislation, and there is no regulatory authority for securitisation transactions. Accordingly, the general legal framework is relevant as for any other financing transaction, such as the Swiss Code […]

Tax Newsletter: Switzerland adopts new corporate tax reform

By Maurus Winzap, Robert Desax On 19 May 2019 the Swiss voters approved the new corporate tax reform. The reform will set the basis for new rules on Swiss corporate taxation and will secure and enhance Switzerland’s overall attractiveness as a business location. The measures will enter into force in 2020. The new proposal aims […]

Project Finance 2019: Angola

By Manuel Protásio, Vanusa Gomes What are the main trends/significant developments in the project finance market in your jurisdiction? Angola is facing several political changes since the new government was elected in September 2017. The new government has made positive progress in strategic areas to promote transparency, good governance and to open the country to […]

Project Finance 2019: Mozambique

By Teresa Empis Falcão, Guilherme Daniel What are the main trends/significant developments in the project finance market in your jurisdiction? Mozambique expects to see the announcement of the final investment decision (FID) for one of the biggest gas projects in the Rovuma basin in the second quarter of 2019. The LNG project developed by the […]

Project Finance 2019: Portugal

By Teresa Empis Falcão, Ana Luís de Sousa What are the main trends/significant developments in the project finance market in your jurisdiction? The Portuguese market continues to show signs of increasing confidence from investors as a significant number of greenfield projects are being discussed and planned for the near future, both in the infrastructure and […]

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Blow away

It was a huge accolade, but for Herbert Smith partner Stephen Gale there was a sting in the tail. When he was nominated to be the president of the Society of Practitioners of Insolvency (SPI), it must have seemed as if he had reached a pinnacle. The SPI, the professional association of insolvency specialists comprising […]

FORUM

Two recent arbitrations have sparked discussion in public international law circles: Metalclad v Mexico and SD Myers Inc v Canada both addressed the definition of expropriation in public international law under the North American Free Trade Agreement (Nafta), although in Myers, the tribunal concluded there was no expropriation. Under international law, expropriation is the taking […]

Freshfields-Chiomenti merger collapses

Merger talks between Freshfields Bruckhaus Deringer and Italian magic circle firm Chiomenti e Associati have failed. The talks, revealed by The Lawyer in October, have foundered due to disagreements over lockstep. It is thought that the Italian partners are unwilling to slot into Freshfields’ setup. Freshfields declined to comment, but a source close to the […]

7 Bedford Row loses Owen

Chris Owen, 7 Bedford Row’s highly respected senior clerk, is leaving the set and may quit the profession entirely. Owen says: “Although I’ve had a very happy 12 years in these chambers, after 21 years as a senior clerk it’s time to seek fresh challenges. I’m pleased to have chambers’ support and that is why […]

NHSLA cuts legal panel

Weightmans, Kennedys and Ward Hadaway are all believed to have won work from the NHS Litigation Authority in its long-awaited panel review. Six other firms have been slashed in the shakeup. One such firm is Scrivenger Seabrook, which derives 90 per cent of its revenue from the panel work. see full story, page 2

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