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Blow for Macfarlanes’ client over oligarch’s $350m freezing order

A Russian billionaire being sued by a former business partner has failed in his attempts to not have the details of a worldwide freezing order (WFO) on assets worth up to $350m disclosed to the claimant in a recent High Court judgment. Fishing magnate Vitaly Orlov, advised by Macfarlanes head of fraud James Popperwell, is […]

London

Freshfields tops UK M&A rankings for Q3

Freshfields Bruckhaus Deringer has retained the top spot in UK M&A rankings for Q3, having ranked second behind Herbert Smith Freehills (HSF) in Q1. According to data from Thomson Reuters, Freshfields announced 55 UK-based deals between July and the end of September, totalling $115.4bn. The firm’s work on Comcast’s Sky bid paid dividends. Davis Polk & Wardwell, […]

GDPR risks for retailers

By Jeanette Burgess, Gwendoline Davies Much of the focus in the retail and legal press in recent months has been on the eye-watering level of fines which data protection regulators can impose for infringements of the new EU General Data Protection Regulation (GDPR) legislation. However in this mini-series Walker Morris’ Heads of Regulatory & Compliance and […]

Swiss Lower House approves corporate tax reform

By Maurus Winzap, Robert Desax On 12 September 2018, the Swiss National Council (Lower House– Nationalrat – Conseil national) approved the revised version for a corporate tax reform (“Tax Proposal 17”). It is based on the Government’s proposal issued in March 2017 and on the version negotiated in the Upper House (Ständerat – Conseil des États) in […]

Angola’s Shipping Law Review

By Joao Afonso Fialho, Jose Miguel Oliveira, Angela Viana The fifth edition of this book aims to continue to provide those involved in handling shipping disputes with an overview of the key issues relevant to multiple jurisdictions. We have again invited contributions on the law of leading maritime nations, including both major flag states and […]

Government plans for competition law if it’s a no-deal Brexit

By Simon Barnes On 13 September 2018, the UK government published guidance on the application of competition law and merger control if there is no Brexit deal. The guidance forms part of the Government’s broader publication of technical notices to help businesses and individuals understand and prepare for a possible no-deal Brexit scenario. Consistent with current […]

Social housing – Monthly Law Update

By David Isaacson TLT’s monthly law update on all things affecting social housing include: Charity automatic disqualification rules: changes to the law Government legal panel confirms the validity of electronic signatures Social Housing Green Paper: housing associations must adapt to “new norm Will the revised NPPF lead to more affordable housing? All supported housing funding to […]

Lenders round-up – September 2018

By Richard Hall Landmark decision on Legal Privilege The Court of Appeal has overturned a previous judgment allowing the Serious Fraud Office access to documents shared between the Eurasian Natural Resources Corporation (ENRC) and its former legal adviser Dechert in relation to ENRC’s findings during a criminal investigation into alleged bribery and financial malpractices. The earlier […]

Austria’s Blockchain & Cryptocurrency Regulation 2019

By Thomas Kulnigg, Ursula Rath The Austrian government closely monitors developments in the area of alternative means of financing through distributed ledger technology and other digital assets, such as initial coin offerings (“ICOs”) or initial token offerings (“ITOs”). It tends to apply an open approach to cryptocurrencies, new technologies and fintech, while at the same […]

real estate

Jersey’s offering for UK real estate investors stands up after Vote Leave

By Richard Daggett It is fair to say that, if the UK commercial real estate sector was a glass, it would be very difficult to determine whether it was half full or half empty. Every positive headline about the sector booming has been accompanied with a harbinger of doom regarding its future. For example, with Brexit, […]

Luxembourg tax ruling for McDonald’s Europe franchising not ‘illegal state aid’

On 19 September 2018, the European Commission concluded that a tax ruling granted by Luxembourg to McDonald’s Europe Franchising did not constitute illegal State aid. The Commission acknowledged that Luxembourg had correctly applied the Luxembourg-United States tax treaty. While this decision concerns an individual case, it suggests that State aid rules are not an appropriate […]

Energy tax matters – Prinsjesdag 2018

The Budget Day Package 2018 contains a separate bill (‘Fiscal greening measures 2019’) with measures to reduce CO2 emissions. The proposal includes, among other things, the following changes in energy tax: Promoting electrification: shifting energy load from natural gas to electricity. The tariff in the first disc for natural gas is increased by EUR 3ct / m2, […]

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