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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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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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