Pilipino Telephone Corporation (Piltel) is restructuring 98 per cent of its debt in a deal worth $850m (£602.9m

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Video: How to health check the anatomy of your legal matters

By Rob MacAdam With clients expecting more efficiency, transparency and value from their lawyers, it’s time for law firms to re-engineer their legal service delivery into real competitive advantage. In this video, Rob MacAdam, Director of Legal Solutions, identifies six elements that make up the anatomy of a legal matter, and discusses what improvements can be […]

Updates on proportionality of costs in court proceedings

By Gwendoline Davies, Claire Acklam Anyone involved in the conduct of litigation will be aware that the ‘overriding objective’, at rule 1.1 (1) of the Civil Procedure Rules (CPR), requires cases to be dealt with “justly and at proportionate cost”. Unfortunately, the question of what is proportionate continues to cause confusion and dispute.  In this latest […]

Women on Boards – As they progress, businesses thrive

By Susana Almeida Lopes Women represent 50% of the working population and are as much or more educated and qualified as men are. However, the problem of gender diversity (or lack of it), especially in top positions in organisations, is a persistent societal problem, and there are (many) studies that, if concrete measures are not taken, […]

Franchise resales – should franchisors be involved?

By Emma Lusty It is a common misconception that a franchise network with a high level of resales is a bad sign. In fact, a healthy resale market is a good sign. It means that franchisees are able to build up profitable businesses which can be sold to recover a return on their initial investment and […]

New EU directive – How will it affect family-related leave in Hungary?

By Daniel Gera, Dorottya Gindl Gender equality may be a core EU principle, but it will not become a reality without effective legal action. To meet the EU objective of reaching a 75% employment rate for both men and women by 2020, the European Commission aims to change the existing legal framework. Thus, the European […]

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LongAcre branches out into Sweden

Olswang’s technology, media and telecommunications corporate finance house LongAcre has moved into Sweden with the acquisition of Lommen Corporate Finance. `The acquisition marks the first step in LongAcre’s European expansion. Olswang chief executive Jonathan Goldstein said: “LongAcre was launched with the intention to build a pan-European corporate finance house. The London business is doing exceptionally […]

Holland & Knight chief steps down

US firm Holland & Knight’s Bill McBride has resigned from his role as managing partner following his decision to explore the world of politics. `McBride is considering whether to stand for the post of Florida Governor in next year’s elections. He feels that his plans are incompatible with retaining the role of managing partner. He […]

Herbert Smith appoints new Hong Kong chief

Herbert Smith’s Asian construction group head has been appointed managing partner of the Hong Kong office. `Mark Lloyd-Williams is to succeed David Willis who has served in the role since August 1997. Willis will return to the firm’s head office in London.`Willis said: “The Hong Kong practice has grown strongly over recent years. With Mark’s […]

UPM-Kymmene buys German-based paper producer G Haindl'sche Papierfabriken

UPM-Kymmene buys German-based paper producer G Haindl’sche Papierfabriken for euro3.85bn and sells two of Haindl’s mills to Norske Skog for euro1.1bn. Haindl advised by Gleiss Lutz Hootz Hirsch (Gerhard Wegen). UM-Kymmene advised by Hengeler Mueller Weitzel Wirtz (Julius Budde). Norske Skog advised by White & Case (Andreas Stilcken).

Lee & Pembertons

News in brief Lee & Pembertons has taken on property partner Edward Bliss from Maples Teesdale where he was a partner for 12 years. Bliss specialises in residential and commercial property. His arrival strengthens the firm’s property department which has been expanding since the firm moved to Victoria, London last year.

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