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CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

CEE legislation tracker: Turkey

Banking & Finance, Capital Markets Article 23 to 27 of the Capital Markets Law (governing material transactions and minority shareholders, including the right to exit, the offer to buy shares, the obligation to buy shares, the right to sell) will not apply to the transactions of the Turkey Wealth Fund, sub-funds and companies that will […]

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Shoosmiths partner fined by SRA after drink driving charge

A Shoosmiths partner has been fined after an investigation by the Solicitors Regulation Authority (SRA) into a drink driving charge. Sean Wright, who is a partner in the firm’s Southampton office, was investigated by the regulator for a 2019 incident. In July last year, Wright pleaded guilty to driving while under the influence of excessive […]

Shane Gleghorn, Taylor Wessing

Taylor Wessing to cut working hours and salaries and delay promotions

Taylor Wessing is cutting partner drawings by 20 per cent and reducing working hours and salaries, as part of extensive contingency measures taken to tame the effects of the coronavirus pandemic on its business. The firm is reducing hours and salaries across the headcount its UK offices up to a maximum of 20 per cent […]

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Shell ditches global panel for 65-strong adviser army

Shell has overhauled its legal panel following a review, trimming a series of local rosters in favour of a gargantuan centralised structure containing about 65 firms. The energy giant has ditched its single global legal panel and the plethora of local ones that it had used over the past few years. Following the review exercise, […]

O2

UK and US firms join forces on O2 and Virgin Media’s mega-merger

Clifford Chance has taken the lead for Telefónica, alongside Herbert Smith Freehills, as its UK network O2 sealed a tie-up deal with Virgin Media. The joint venture will combine O2, the UK’s largest phone company with more than 30 million users, with Liberty Global’s Virgin, which counts some six million broadband and TV cable customers […]

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