By Teresa Hitchcock Hydraulic fracturing, or ‘fracking’, to extract shale gas from deep rock formations, has recently been much in the news in Europe. In October, the European Parliament, which was considering proposals for a revision of the EU Directive on Environmental Impact Assessment (EIA), voted to make EIA mandatory for all projects for the […]
This update is intended as a general overview, targeted specifically at claims officers and underwriters of insurers of professionals required to comply with the Future of Financial Advice (FOFA) reforms. The Australian Securities and Investments Commission (ASIC) has now increased powers to protect the public and reinforce the integrity and reputation of the financial services […]
SFX Entertainment has bought 75 per cent of ID&T, a Dutch festival promoter, for $102m (£63m) in cash and stock. DLA Piper advised ID&T throughout the sale. ID&T was advised by Barbara van Hussen, Sander Wiggers, Pieter Paul Terpstra, Simone Cuypers, Nicole Vreeman, Jeffrey Remy (Amsterdam), Jonathan Klein, Nickie Cheney and Hariqbal Basi (New York).
DLA Piper has released the latest version (Volume 2, No. 21) of The Financial Report. Contents Discussion and analysis News from the Americas News from Asia and the Pacific News from Europe Global regulators US Securities and Exchange Commission developments US Commodity Futures Trading Commission developments US banking agency developments US exchanges and self-regulatory organisations If […]
DLA Piper has advised Discovery Networks Benelux on a strategic partnership with Viacom International Media Networks in the Netherlands to launch a joint sales house called BrandDeli. BrandDeli will replace both Discovery and Viacom’s existing local ad sales businesses in the Dutch market and will represent an international collection of eight linear TV channel brands from both […]
On 15 November 2013, the US Supreme Court agreed to consider two questions that have the potential to transform the landscape of private securities litigation. Specifically, the court granted a petition for a writ of certiorari in Halliburton Co v Erica P John Fund and agreed to review: (i) whether the ‘fraud on the market’ presumption […]
On 15 November 2013, judge Martin Glenn of the Bankruptcy Court for the Southern District of New York held that original issue discount (OID) created in a prepetition ‘fair market value’ debt exchange is not disallowable in bankruptcy. This ruling provides important and long-awaited guidance for the investing community on the question left open by the […]
Conyers Dill & Pearman has hired Raymond Davern, a senior practitioner in the field of trusts and private client work, to its Cayman Islands office, where he will lead the private client and trust practice for both the British Virgin Islands (BVI) and Cayman Islands offices. Davern joined Conyers in 2010 and held the position of head […]
Ogier has announced that partners Steve Meiklejohn and Philip Le Cornu have been included in Private Client Practitioner’s Top 50 Most Influential list, which includes lawyers, accountants and independent advisers across the UK and offshore financial centres. Meiklejohn is a partner in Ogier’s trusts advisory group. He is heavily involved in advising all of the […]
Eversheds’ Michelle T Davies, who specialises in corporate strategy within the renewables sector, including mergers and acquisitions, equity raising and investment and exit mechanisms, has been named as the sector’s Woman of the Year at the Middle East Solar Energy Association’s annual solar awards presentation in Abu Dhabi. Davies advises across all renewable technologies including offshore […]
Audrey Williams, partner at Eversheds, has commented on the recent vote by the European Parliament in favour of a directive to boost the presence of women in Europe’s boardrooms. The vote supported a 40 per cent target for women holding non-executive positions on listed boards by 2020, which Williams said ‘marks a key step towards the implementation […]
Allen & Overy has announced its half-year financial results for the period 1 May 2013 to 31 October 2013. Turnover is £608m, up 7.5 per cent on the same period last year (£566m). The results reflect a steady improvement in trading conditions in most markets, with particularly strong performances in London and across the Asia-Pacific […]