Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

O’Melveny reduces headcount by 200

O’Melveny & Myers is the latest firm to announce layoffs with 90 associates and 110 support staff set to lose their jobs. In a statement released by the firm O’Melveny chairman Arthur Culvahouse said that the firm had been cutting costs for two years by reducing support staff and shying away from making new hires. […]

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BDO refused appeal in bid to recover cash from former Halliwells partner

BDO partners acting as liquidators for Halliwells were yesterday refused leave to appeal a High Court judgment that prevented them from chasing one of the failed firm’s former partners for cash. Lawyers for Halliwells’ liquidators, BDO partners Shay Bannon and Dermot Power, were in the Chancery Division of the High Court seeking leave to appeal […]

Sonnenschein shuts Charlotte as work dries up

Sonnenschein Nath & Rosenthal has closed its 11-lawyer Charlotte office due to the declining demand for legal services The US firm’s chairman Elliott Portnoy emailed the firm last Friday (27 February) to announce the move after partners voted on the closure. Some Charlotte-based lawyers will be relocated to busier parts of the network. The remaining […]

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Return to 2004: Financial flashback

Magic circle firms appear to be experiencing a sense of déjà vu. The figures look like going back to 2004 levels. We all know that ;the world is getting smaller. But by how much? Three of the big four magic circle firms have all confirmed reductions in headcount. All firms are now retrenching to the […]

Revealed: Pinsents and McGrigors to vote on merger

Clydes, BLG, Beachcroft, DAC: so last year, darling. This year it’s all about mergers between corporate and infrastructure shops. Check out the talks between Pinsent Masons and McGrigors, exclusively revealed on The Lawyer today. If the partners vote in favour of the deal this weekend, then it creates a £300m-odd firm, taking it in revenue […]

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