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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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A&O, LeBoeuf scoop Centrica deal

Allen & Overy (A&O) and US firm LeBoeuf Lamb Greene & MacRae have secured the $486.4m (£243.87m) disposal of Newfield’s UK subsidiary to Centrica, the UK’s biggest energy supplier. The deal sees Centrica take an 85 per cent stake in the Grove gas field, which started production this summer, as well as an 80 per […]

Akin Gump raids DLA Piper for Beijing plan

Akin Gump Strauss Hauer & Feld has scooped DLA Piper corporate partner Janet Jie Tang and her three-person transactions team in Beijing nine months after the US firm opened the doors of its office in the Chinese capital. Tang’s hire signals a change in strategy for the firm, which launched its Beijing operation with a […]

Holman secures Dubai partner from Clydes

Michael Pilkington has joined Holman Fenwick & Willan’s Dubai office as a partner. Pilkington was previously an insurance partner at Clyde & Co. He will be focusing on the firm’s insurance and reinsurance practice in the Middle East, using his extensive experience in the areas of commercial litigation and arbitration. Pilkington said he was pleased […]

Pregnant partners need a fair profit share

While law firms have spent a great deal of time ensuring their profit share arrangements comply with new age discrimination rules, many have not yet addressed the risk of claims by part-time or pregnant female equity partners for unfairly reduced profit shares. Typical examples include paying a lower percentage of the profit share to a […]

CC advises arrangers on giant Norilsk mining deal

Clifford Chance has scooped the lead role on its second mega-deal in the past three months, advising on the financing of Norilsk Nickel’s acquisition of LionOre Mining International. The firm advised lead arrangers BNP Paribas and Société Générale on the $6bn (£2.95bn) loan to fund the acquisition of the Russian nickel giant. The deal comes […]

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