Transport

News

train

Four firms score £1.5bn sale of Network Rail property

Clifford Chance, Eversheds Sutherland, Gowling WLG and Kirkland & Ellis have advised on the £1.5bn sale of Network Rail’s commercial estate to private equity giants Blackstone Property Partners and Telereal Trillium – the biggest investment programme in the railway since Victorian times. Clifford Chance and Eversheds both acted for Network Rail in its sale of a portfolio comprised […]

Aston Martin

Freshfields and Slaughters called in for Aston Martin’s £5bn float

Freshfields Bruckhaus Deringer and Slaughter and May have won the top roles for luxury car brand Aston Martin as it unveils plans to float on the London Stock Exchange. Aston Martin turned to a team from Slaughter and May, led by partner Nilufer von Bismarck, working with partners Roland Turnill, Filippo de Falco, Jonathan Fenn and Steve Edge.  The […]

Rolls Royce

Firms await fate as Rolls-Royce nears panel decision

Rolls-Royce has invited firms to bid for a place on its global legal panel, five years after it last reshuffled its roster, The Lawyer can reveal. The Lawyer understands that firms were first invited to submit their bids in March, with the deadline fast approaching. The panel process has been kept highly confidential, with firms required to […]

Renault

EE legal head resurfaces at Renault-Nissan after BT restructure

EE’s former legal chief James Blendis has resurfaced at Renault Nissan, where he has joined as the company’s UK and Ireland general counsel. Blendis left EE at the start of this year after five years as mobile operator EE’s general counsel. His move followed the acquisition of EE by BT, which saw EE’s in-house team […]

Analysis

Turk airline

Turkey – Upgrade nation

The rise of the Turkish aviation sector reflects a wider trend of prosperity The Turkish banking crisis of 2000/01 wreaked havoc on the country’s economy: its currency crashed, interest rates rocketed and tens of thousands lost their jobs. In the aftermath, however, banking sector reforms meant Turkey was far better prepared for the 2008 global […]

Turkey

Turkey Briefing Live: Plane speaking

The IMF has slashed its 2014 growth forecast for Turkey from 3.5 to 2.3 per cent. Investors are now hoping the aviation and energy markets will provide some comfort Turkey may put the ‘T’ in the MINT group of flavour-of-the-month emerging economies, but recent political and economic developments could be souring the taste for international […]

Featured Briefings

Angola’s Shipping Law Review

By Joao Afonso Fialho, Jose Miguel Oliveira, Angela Viana The fifth edition of this book aims to continue to provide those involved in handling shipping disputes with an overview of the key issues relevant to multiple jurisdictions. We have again invited contributions on the law of leading maritime nations, including both major flag states and […]

Developments in the Swiss securitisation market in 2017-18

By Lukas Wyss In July 2017, BMW (Schweiz) AG closed a new public Swiss auto lease ABS transaction. The transaction features the issuance of €325m Class A Floating Rate Notes via BMW’s Luxembourg platform Bavarian Sky Europe S.A. (acting in respect of its Compartment Swiss Auto Leases 2). This was one of the first Swiss public […]

Admiralty Court hands down judgement on ship mortgage claim

By Elliot Bishop, James Watthey The analysis of Jervis Kay QC, the Admiralty Registrar was important in light of two sadly very common characteristics in recent ship mortgage claims. Firstly, how can a bank comply with its duty to exercise reasonable care to obtain a proper price for the distressed asset when there is a singular […]

Taxation in Guernsey- A summary

A company incorporated in Guernsey is treated as tax resident in Guernsey in any year of charge. Companies resident in Guernsey are subject to income tax on their worldwide income (foreign tax relief is available). A standard rate of 0% applies to most companies that are tax resident in Guernsey. However, income arising from certain activities […]

Portugal road fuel price competition – PCA analysis results out

The Portuguese Competition Authority (PCA) has concluded the road fuel price analysis requested by the Portuguese Government in June 2018. In this analysis, the PCA has concluded that almost half of its previous recommendations to promote competition in this sector have not been implemented or have only been partially implemented. The PCA has identified a […]

Will new state targets lead to reduced environmental protection in Austria?

By Philipp Strondl, Christoph Jirak Since the beginning of the Second Republic, the Constitution has provided so-called ‘state targets’, which have guided the government to declare certain interests to be substantial. The targets are broadly diversified and include, for example, state targets on: wide-ranging state defence; a nuclear-free Austria; schools and education; securing the independence […]

Impact of Brexit on new automotive technology in UK

By Matt Hervey This short guide highlights key areas requiring action by companies in the UK’s automotive sector involved in the development of new technology. These include: access to funding (Horizon 2020; the European Investment Bank (EIB); the impact of Brexit on original equipment manufacturer (OEM) investments; financial sector contraction; and potential areas of government […]

Anticipated impact of Brexit on cross border disputes

By Tom Price, Christopher Richards International supply arrangements give rise to the risk of cross-border disputes. What should British businesses consider when it comes to cross-border disputes? How might Brexit impact this, and what can businesses do now to prepare? We look at governing law, forum and enforcement of judgments. The international nature of the automotive supply […]

Brexit’s implications for automotive intellectual property

By Gordon Harris If a deal is reached ahead of Brexit, the indications are that a transition period would preserve the status quo for intellectual property (IP) until the end of 2020. This article explores the implications of a no deal Brexit, for IP regimes supporting the UK automotive sector. It explains what would not be […]

Effect of Brexit on automotive regulation

By Kieran Laird The automotive sector is subject to a variety of EU regulations covering a range of issues including technical standards, safety, vehicle categorisation and environmental protection. The automotive sector is subject to a complex web of regulations covering a range of issues including technical standards, safety, vehicle registration, environmental protection and vehicle categorisation. The […]

Consequenses of Brexit for environmental law and impact on automotive industry

By Lee P McBride, Harjyoti Jhall The article assesses the impact on UK environmental law of the UK’s decision to leave the European Union (commonly known as “Brexit”) and the likely direction the negotiations (in terms of environmental standards) will take in anticipation of the departure on 30 March 2019. At this stage, we can only speculate […]

Corporate share price restrictions – An insight

By Dr Andreas Moll, Matthias Burge, Dr Christian Schönfeld, Charlotte Rupf It was only recently, on May 11 2018 and after several years of costly litigation and publicly displayed animosities between the different parties involved, that the long running conflict regarding the control over the specialty chemical company for building and motor vehicle supplies SIKA based in Switzerland was […]

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