Sullivan & Cromwell matches Cravath Wall Street bonuses

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Latest Briefings

Cartels in Romania

Government Emergency Ordinance 39/2017 of 31 May 2017 transposed the EU Directive on Antitrust Damages Actions (2014/104/EU) into national law and made a number of other amendments to the Competition Law (21/1996), including as follows: • The definition of an undertaking has been modified. • Undertakings that engage in the modern trade of foodstuffs and […]

Social Housing Monthly Law Update – November 2018

By David Isaacson TLT provides monthly law update on all things affecting social housing. Key highlights of this month include:  New ICO GDPR guidance: Passwords and encryption in online services and websites  Houses in Multiple Occupation (HMOs): important changes  Government announces new generation of council housing  Continuity of planning (environmental) requirements when the UK leaves […]

Romania: Supreme Court renders decision on the point of law

By Dana Rădulescu, Anca Băițan Supreme Court’s Decision highlights The Supreme Court rendered the Decision no. 53 rendered on June 18, 2018, recently published in the Official Gazette on November 5, 2018, on the point of law (the ”Decision”). To put things in context, we mention that the Supreme Court renders a Decision on the […]

Impact of UK property changes on Jersey and Guernsey structures

The UK Government has announced that with effect from April 2019, it intends to bring non-UK investors into scope for either capital gains tax (“CGT”) or corporation tax (“CT”) on any direct or indirect gains made in relation to investments in UK property. Jersey and Guernsey have responded to the public consultations and liaised with […]

Switzerland – Proposed new class action procedure

By Dr Urs Feller, Nina Lim In Switzerland, typical class actions as known in many other jurisdictions are not available. However, ‘Dieselgate’ and similar cases also affect consumers in Switzerland. If a large number of people suffer the same or similar damage, each has to file their claim individually. While total damages are usually large the individual […]

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Glencore’s £7bn flotation stands out in modest year for mandates

The past year may not have been marked by a ­constant flow of deal activity, but there were still a number of prized mandates to be had. The standout deal of the year was the $11bn (£7.05bn) flotation of ­mining trading company Glencore, which went live in May and was one of the biggest IPOs […]

A&O names global corporate co-head

Allen & Overy (A&O) has appointed a new global ­corporate co-head following Sietze Hepkema’s announcement that he will retire in the New Year. A&O Belgium managing partner Dirk Meeus was appointed to replace ­Hepkema following a consultation process and board approval. Meeus has been appointed for a four-year term and will take the reins of the firm’s […]

SJ Berwin’s Hong Kong blip

In 2004 Denton Wilde Sapte fled Asia so fast that Kim Kardashian would scarcely have had time to get married, get divorced and cry her heart out to a camera crew. But since its merger with Sonnenschein Nath & Rosenthal, the firm has made rebuilding the practice look painless. When the firms merged in September […]

Allen & Overy leads on SAP’s £2.2bn SuccessFactors takeover

Allen & Overy (A&O) and Californian firm Fenwick & West won key roles alongside a raft of firms in the US and Europe on software maker SAP’s $3.4bn (£2.2bn) acquisition of cloud-based human resources provider SuccessFactors. A&O corporate partner Peter Harwich in New York led the deal for Germany-headquartered SAP, with assistance from A&O Mannheim […]

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Camerons cuts three from London real estate

CMS Cameron McKenna has cut three real estate partners from its City office. The three partners, all based within Cameron’s London real estate team, will retire at the end of the 2011-12 financial year (April 2012). A spokesperson for Cameron’s said: “Three partners will be retiring from the firm’s Real Estate practice in April. It’s […]

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