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Latest Briefings

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Recommended

Suspension for local authority legal head

THE HEAD of a Cumbrian council’s legal department has been suspended. Allerdale Borough Council legal services manager David Collinson was temporarily relieved of his post in early November. Later that month an internal inquiry cleared him of allegations of harassing a junior member of staff. But the suspension remained in force to allow the council […]

Linklaters gets Woolwich deal

Linklaters & Paines is advising the Woolwich Building Society on its plans for conversion to plc status and London Stock Exchange listing. Woolwich is the UK’s third-biggest building society with assets of about £28 billion, 12 operating subsidiaries, over three million investors and more than 550,000 borrowers. Heading Linklaters’ team are partners Jeremy Skinner and […]

Not ready for finance advice

It seems a significant number of firms are taking to providing financial services advice and setting up departments manned by investment advisers. I read regularly of new firms moving into this area. While no-one can blame firms for looking at new business opportunities (indeed, they must be commended for their initiative), it is nonetheless a […]

Financings

Frere Cholmeley Bischoff is advising British & American Film Holdings on proposals for conversion to investment trust status and a reorganisation of its share capital. Mishcon de Reya is advising on reorganisation of British & American’s film interests.

Flotations

Lawrence Graham advised Australian company Cash Converters International in its listing on the London Stock Exchange, believed to be the first Australian company to do so. The placing capitalised the business at £23.9 million. Perth lawyers Corrs Chambers Westgarth also advised. Herbert Smith acted for sponsors Henderson Crosthwaite Corporate Finance.

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