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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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DLA wins BoS-Reuben role on £1.1bn McCarthy & Stone offer

DLA Piper Rudnick Gray Cary is acting for Mother Bidco, the consortium which has pushed aside a rival bidder to place recommended offer for retirement home developer McCarthy & Stone. Manchester corporate partners Paul Rimmer and Jonathan Watkins are advising the consortium which consists of Bank of Scotland, the Reuben brothers and Sir Tom Hunter. […]

Maclays beats expectations with 21 per cent profit growth

Maclay Murray & Spens chief executive Magnus Swanson said the firm “beat expectations” as it released its end-of-year results on Friday (28 July). The firm’s profits increased 21 per cent to a net of £15.7m, making an average of £275,000 for Maclay’s 57 equity partners. This is the first year that Maclays, which converted to […]

DLA Piper commits to pro bono with new strategy

DLA Piper Rudnick Gray Cary is to create an international corporate and social responsibility (CSR) committee to help drive forward its global pro bono effort. The project is named New Perimeters and the committee will consist of eight CSR partners who will have responsibility for ‘scoping out’ upcoming projects to make sure they do not […]

Kirkpatrick secures first Japanese AIM admission

Kirkpatrick & Lockhart Nicholson Graham sealed a groundbreaking run of innovative AIM deals earlier this month when it advised the first Japanese company ever to have its shares admitted to the exchange. Secure Design is a biometric firm that specialises in fingerprint identity systems. The deal was a straight admission with no fundraising element. Kirkpatrick […]

Simpson Thacher hire strengthens CC in NYC

Clifford Chance has strengthened further is New York presence with the hire of Brynn Peltz from Simpson Thacher & Bartlett as a corporate finance partner. Peltz, previously senior counsel at Simpson Thacher, joins Clifford Chance’s New York funds group. She specialises in investment management matters for major financial institutions, private equity and hedge-fund sponsors and […]

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