Portfolio Property Fund buys 52/54 Southwark Street, London, for £7.9m from Milton Investment Fund.

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Lathams high-tech heavyweight leaves for venture capital client

Latham & Watkins is losing one of its most senior Los Angeles corporate partners to venture capital client Coastview Capital. Edward Sonnenschein is the co-chair of the firm’s venture and technology group, having been chair of the corporate department for five years. Sonnenschein has also served as a member of the executive committee and as […]

SJ Berwin pays for year of expansion

SJ Berwin has recorded an impressive turnover of £85.2m. Average profits per partner, though, dropped in a year where the firm paid heavily for rapid European expansion and for taking on more than 10 new equity partners.The firm’s turnover rose 22 per cent from £70m to £85.2 while average profits per partner fell from £560,000 […]

Eversheds' turnover up 7 per cent

Eversheds has posted a slight increase in turnover for the last financial year. Gross fees went up 7 per cent from £212m to £227.1m while average profits per partner rose from £260,000 to £301,000.Top equity partners moved up 18 per cent from £380,000 to £450,000. Managing partner David Ansbro said: “Bearing in mind what we […]

A&O completes multijurisdictional acquisition financing for Dresdner

Allen & Overy (A&O) banking partner Peter Schulz has just closed the syndication of a euro650m (£399.4m) multijurisdictional acquisition financing for Dresdner Kleinwort Wasserstein.Schulz led the team that advised on the loan facility to the German-incorporated subsidiaries of South African fuels and chemical company Sasol, in connection with its acquisition of the entire chemicals business […]

Law society reform

One cannot help noticing that during the past two weeks, the legal press has been inundated with articles on the case of Han and Yau (the Court of Appeal held that the imposition by Customs and Excise of penalties for alleged VAT and duties evasion gave rise to criminal charges within the meaning of Article […]

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