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Latest Briefings

Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive

The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…

Social housing monthly law update – June 2018

This month’s TLT’s law update on all things affecting social housing includes: Automatic disqualification rule changes: Charity Commission declarations GDPR enforcement and penalties: What you need to know Dress codes in the workplace: New government guidance Government announces it will fully fund unsafe cladding removal in social housing Viability argument for 10% affordable housing fails…

From footfall to clicks – experts talk retail risk

By Gary Assim and Sarah Teal Poundworld has entered administration, and just before that it was announced that House of Fraser would be closing 31 stores, many of which are in some of the UK’s largest cities. It is no secret that many retailers have been adversely affected by the shopping habits of consumers, ever […]

Austria: The time has come – Federal Procurement Act 2018 just around the corner

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

Recommended

Pinsents moves to quell staff concerns over career issues

Pinsent Masons staff have delivered a rebuke to the firm’s management after survey results revealed a significant proportion of respondents were confused about the promotion process and felt detached from the business. One year on from the merger, Pinsents conducted a staff satisfaction survey, which around half of the firm completed. Of the 700 responses, […]

CC revenues set to top £1bn

Clifford Chance’s revenues are set to break through the £1bn barrier this year in preliminary figures released by the firm. The figure would be a rise of at least nine per cent on last year’s fee income of £914m. Meanwhile, partners at the top of the lockstep are expected to earn at least £850,000, up […]

Herbies bags UK’s first REIT

Herbert Smith has secured the first mandate to advise on the creation of a real estate investment trust (REIT), acting for long-standing client Hammerson. Hammerson has announced it would make the conversion in January following favourable announcements in Gordon Brown’s budget earlier this year, making it the first major UK listed property company to signal […]

Deals roundup

Freshfields plays part in creation of mobile giant Freshfields Bruckhaus Deringer, New York-based Dewey Ballantine and South African firm Webber Wentzel Bowens all advised in mobile phone giant MTN’s $5.52bn (£3.01bn) acquisition of Investcom – a deal creating the largest mobile phone operator in Africa and the Middle East. Based in South Africa, MTN has […]

Simmons finance pitch wins over Bear Stearns

Simmons & Simmons has won a competitive pitch to advise Bear Stearns on its European structured capital markets business. The appointment will see Simmons advise on all aspects of Bear Stearns’ capital markets business, including securitised equity and credit and fixed-income derivatives. Jeremy Hoyland, head of Simmons’ financial markets department and the Bear Stearns relationship […]

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