The junk bonds are coming

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Latest Briefings

Implementation of EU anti-tax avoidance directive

The bill of law to implement the provisions of the EU Directive 2016/1164 on anti-tax avoidance (ATAD) in Luxembourg law was made available on 20 June 2018. Subject to parliamentary approval, Luxembourg will introduce controlled foreign corporation (CFC), interest deduction limitation and anti-hybrid rules. It will also modify its existing general anti-abuse rule..

Portugal: Competition and the right to compensation for damages

Act 23/2018, establishing the legal framework on the right to compensation for damages from infringements of competition law, was published on 5 June 2018. This legislative act transposes into Portuguese law the Directive 2014/104/EU of the European Parliament and of the Council, of 26 November 2014, which established common rules to all Member States on […]

Pimlico Plumbers: the self-employed v brand debate

By Paula Rome The widely reported decision in Pimlico Plumbers emphasises the risks of retaining control over staff. However, such control can be key to protecting an organisations’ brand and reputation in the marketplace. Where does this leave us? What does control mean?

What do employers need to know about whistleblowing policies?

By Antonia Blackwell In this instalment of our ‘Breaking Down the Handbook’ series, we look at whistleblowing policies, why they are needed, what they should contain and what traps employers need to avoid. What does whistleblowing mean?

I’m divorced, that’s it, right?

By Miranda Nairn There is a common misconception that once in possession of a decree absolute (the final decree dissolving a marriage), your divorce is done and dusted and you and your ex-spouse can walk off into the sunset, in opposite directions, never to see or hear from each other again. In fact, unless you […]

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Equity partners quit Donne Mileham in strategy row

Two equity partners at 33-partner Donne Mileham & Haddock have left in a dispute over new strategy. Michael Bailey, a top commercial property expert in the South East, and his partner in the department Simon Alldis, have left “by mutual agreement” with the firm. Donne Mileham is stopping partners working outside their key areas and […]

Globalisation does not mean empire-building

The loss of £54m would not exactly bankrupt Clifford Chance, even if it was not the UK branch of a US LLP after January. In the unlikely event that the lawsuit over a Chinese power station was successful and the firm had to pay the full damages claimed, it would not threaten the future of […]

Property

Wilde Sapte represented Asticus (UK) on the £21.5m purchase of 20 Soho Square, London W1. Stan Gniadkowski, property partner at Wilde Sapte, acted on the deal. The vendor, Diageo Pension Fund, was advised by Ashurst Morris Crisp.

Herbert Smith Bangkok hires first Thai lawyer

Herbert Smith’s Bangkok office has hired its first Thai partner. Top corporate lawyer Kowit Somwaiya joins the office from his own firm, George & Kowit, where he was senior partner. He joined Herbert Smith last Monday and will be followed by a team of two or three assistants. He will concentrate on financing, restructuring, banking […]

Democracy wins over dictatorship

Michael Walker is managing partner at Maclay Murray & Spens. Winston Churchill and Bill Tudor John (former senior partner at Allen & Overy) are examples of democracy in action. The temptation of anyone managing a legal firm nowadays is to point to the slowing effect on progress that democracy can have. How, say the cadre […]

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