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Coronavirus Portugal: Simplified lay-off

The simplified lay-off is an exceptional and temporary measure aimed at maintaining jobs in companies in a business crisis, which may choose between reducing normal working periods and/or suspending employment contracts.

Possibilities for a better London

This year the Silicon Valley comes to the UK (SVC2UK) Summit was held virtually and included a discussion on “London: a ‘Good Growth’ Recovery” between Natalie Campbell, the recently appointed CEO of Belu Water (the social enterprise company which fulfils the water requirements of the UK’s catering sector, giving most of its profits to WaterAid) and Sadiq Khan, Mayor of London.

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Addleshaws

Addleshaws beefs up City restructuring with Dechert hire

Addleshaw Goddard has hired a restructuring partner from Dechert, its first London lateral recruit in months as it bids to boost the practice. Restructuring partner Paul Fleming has left the US firm’s London-based business restructuring and reorganisation practice after almost four years. As part of his practice, Fleming advises clients such as creditors and lenders […]

Dechert partner seeks up to £100,000 over spying claims

Dechert partner Neil Gerrard has filed a claim of up to £100,000 alleging that an intelligence company spied on him at home, on holiday and at his place of work. The firm’s white-collar and securities co-chair, who has also been involved in the long-running ENRC saga, claims that corporate investigators at Diligence International “carried out […]

uae

Dechert partner accused of threatening aviation entrepreneur in hacking claim

US aviation entrepreneur Farhad Azima has filed a counter-claim against Ras al Khaimah (RAK)’s sovereign investment vehicle RAKIA, alleging that it hacked and published his data on the dark web and that he was threatened by a London-based Dechert partner. The partner in question, Neil Gerrard, has been in the spotlight for his involvement in […]

New York

A&O’s NY finance practice dealt a blow as pair leave for Shearman

The co-heads of Allen & Overy’s leveraged finance practice in New York have left the magic circle for Shearman & Sterling. Alan Rockwell and Michael Chernick, who cover all areas of leveraged finance, including M&A and private equity LBO financings, are to make the move from A&O. Rockwell started his career at the Scottish firm […]

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