Practice Areas

Public procurement update: Social Value requirements set to change in 2019 for government procurements

The Cabinet Office has announced proposals for changes to ‘social value’ requirements for central government procurements to come into force by summer 2019. In a speech at the Business Services Association Annual Chairman’s Dinner on 19 November 2018, Cabinet Office Minister, David Lidlington CBE MP, emphasised the importance of using government procurement to ‘prioritise social value’ in […]

HR in 2019 – turbulent times ahead – what are the key challenges?

By David Smedley, Andrew Rayment ‘May you live in interesting times’…an old Chinese saying intended to be uttered as a curse upon one’s enemies. We are living in unprecedented times and 2019 is undoubtedly set to be an ‘interesting’ year for business as ongoing fallout from Brexit translates to general uncertainty and unchartered trading conditions. Yet, against […]

Trustees and TPR: How to ensure tricky meetings run smoothly

By Ruth Bamforth What soft skills do trustees need in a situation where the Pensions Regulator has found it necessary to step in, and what are the questions a trustee board needs to have answers to? Ruth Bamforth, answers these questions along with Hue Evans at Bestrustees and Richard Farr at Lincoln Pensions.

Restrictive covenant modification also widens easement

By Kirsty Black, Lucy Shepherd The Upper Tribunal (Lands Chamber) has held that the modification of a restrictive user covenant authorised a corresponding change in the permitted use of a right of way. Facts Mr & Mrs O’Byrne bought their property in Oxfordshire in 2001 from Magdalen College, Oxford (the College). It comprised a farmhouse […]

LIBOR: Early steps to prepare for the discontinuation

By Graham Walters In September 2018, the PRA and FCA wrote to the CEOs of major banks and insurers supervised in the UK to understand the preparations that were underway to manage the transition from LIBOR to SONIA (Sterling Overnight Index Average). As the Dear CEO letter explained, repeating the words of Andrew Bailey, Chief […]

Austrian Constitutional Court declares percentage Cap of Copyright Levies null and void

By Adolf Zemann, Guido Kucsko Copyright levies on recording media have been occupying the Austrian courts, courts of other Member States and the CJEU frequently over the last few years. A recent decision of the Austrian Constitutional Court adds another chapter to this never-ending story. The background Based on the InfoSoc-Directive (2001/29/EC), Member States must provide that […]

Hungarian Competition Authority revokes its decision clearing Digi’s acquisition of Invitel and imposes a significant fine

By Anna Turi The Hungarian Competition Authority (HCA) cleared the acquisition of sole control over Invitel Távközlési Zrt (“Invitel”) by Digi Távközlési és Szolgáltató Kft (“DIGI”) conditionally – with commitments – in May 2018. A few months later, it established that DIGI had intentionally misled HCA officials and therefore revoked the decision and imposed a fine on […]

Almaty Light Rail Transit project in Kazakhstan

On the 29th November 2018, Almaty, the former capital and the largest city in Kazakhstan, received responses from nine international consortia, consisting of companies from Japan, France, Russia, Turkey, Spain, China and Kazakhstan, to participate in the first stage of the open tender of the Almaty Light Rail Transit (LRT) public-private partnership (PPP) project. The mayor of Almaty is seeking a private partner to design, […]

Exit sign

Fried Frank plugs finance gap with Milbank hire

Plugging a gap in its leveraged finance offering in the City, Fried Frank Harris Shriver & Jacobson has secured a new partner in London from Milbank Tweed Hadley & McCloy. Neil Caddy has been a partner at Milbank for over six years, joining in 2012 from Mayer Brown. His practice focuses on leveraged financing and restructuring, […]

Luxembourg

Clifford Chance expands in Luxembourg with second hire in a month

Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time. Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European […]

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