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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 […]

Recommended

Mayer Brown recruits add muscle to derivatives arm

Chicago-based Mayer, Brown & Platt is the latest US firm to bolster derivatives in its seven-partner London office with two senior appointments. The move will strengthen the international firm’s role in work between London and the US, the two most important markets for derivatives. US lawyer Richard Cole, partner in charge of the London office, […]

Waltons & Morse clinches swift sale

CITY firm Waltons & Morse secured one of the City’s fastest-ever property deals when it completed the sale of the Lloyd’s of London building. The sale, to German open-ended investment fund DESPA for £180 million, took just seven days from the day an offer was made and involved “working round the clock”, said lawyers involved. […]

Property

Eversheds acted for Pemberstone, a Worcester-based investment and property management group, in a £11.7 million purchase of three BES residential property companies. Martineau Johnson acted for the three companies – First, Second and Third Roman Property Trust – with Price Waterhouse Corporate Finance. Edge & Ellison acted for National Westminster Bank, providing finance to Pemberstone.

Flotations

Wallace & Partners acted for Gerrard Vivian Gray, nominated adviser to Jasmin and Telecom Credit Europe, in both companies’ admissions to the Alternative Investment Market.

Wilde Sapte and Slaughters take on top roles in Lloyd's litigation

WILDE Sapte and Slaughter and May have been appointed to advise two separate groups in the Lloyd’s of London market. Both firms will help get the best deal for Lloyd’s Names in the forthcoming settlement plan. The current phase of talks is critical. Lloyd’s Corporation, the market’s secretariat, is finalising terms of the settlement while […]

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