The Belgian parliament adopted the draft law of 17 July 2013 amending the law of 2 August 2002 on combating late payment in commercial transactions (Late Payment Law), implementing Directive 2011/7/EU of 16 February 2011 on combating late payment in commercial transactions. The Late Payment Law (i) maintains the statutory payment period of 30 days, […]
Allen & Overy partner Jeffrey Sullivan and counsel Prof Leigh Hancher (Tilburg University) are set to speak at the EUI Florence School of Regulation 2013 Forum on ‘EU and Climate Policy: Where Do We Go From Here?’ The event will be held in Brussels on 26 November 2013. Hancher will chair the session on ‘Investor […]
Paul Wootton, head of energy at Eversheds, has commented following the publication of the IEA’s World Energy Outlook report. Wootton said that in reinforcing the continued importance of fossil fuels in power generation and the changing axis of consumption in the global economy towards Asia, there is nothing particularly surprising in the report. However, he added that […]
Allen & Overy will be presenting a client seminar on 10 December called ‘Contracting with foreign states or state-owned entities: what are the risks and how can they be managed?’ The seminar will explore issues of capacity, sovereign immunity, stabilisation provisions and available dispute resolution mechanisms to consider at the time of structuring the investment […]
The recession certainly isn’t taking its toll on newly qualified lawyers working at US firms. The news that Davis Polk is joining the NQ 100k club with a London trainee scheme highlights the gulf between the wages paid at leading City firms with those at their US rivals. While magic circle NQ lawyers are taking […]
The winter party season is kicking off in London, and this week two European firms cracked open the fizzy wine and invited their friends for a drink and canapés. First up was Gide Loyrette Nouel, which was celebrating its tenth anniversary of being in London. Office managing partner Rupert Reece reminded guests that just weeks […]
The Competition and Markets Authority (CMA) has appointed Norton Rose Fulbright antitrust and competition partner Michael Grenfell in a senior policy role. Grenfell will leave the firm within the next few months to take up his new role role of senior director, sectoral regulation and concurrency at the CMA. “The role is more on the […]
Irwin Mitchell has acquired Manchester personal injury boutique McCool Patterson Hemsi (MPH) Solicitors. The five-director firm, which has bases in Manchester and Newmarket, will become a subsidiary of Irwin Mitchell, which became the first multiple-licensed ABS last August (20 August 2012). All five directors of MPH will join Irwin Mitchell, along with a team of […]
HowardKennedyFSI chief executive Mark Dembovsky has resigned from the firm after two years spent pushing through the merger between Howard Kennedy and Finers Stephens Innocent (FSI). Partners were told of his decision to leave today, with the firm planning to revert to being run by management committee in coming months. Former FSI managing partner Paul Millett […]
Latham & Watkins global chair and managing partner Robert Dell is to retire from the firm at the end of 2014, after almost 20 years in the role. Dell will complete the remainder of his fourth consecutive term and will retire in December 2014. An election is scheduled to take place next July, giving time […]
Manchester-based JMW Solicitors has posted a 26 per cent rise in turnover from £6.3m to £7.98m for first six months of the 2013/2014 financial year. JMW saw a slower start the year in 2012, reporting a 14 per cent rise in revenue at the half-year stage (19 November 2012). The firm also said net profit […]
King & Wood Mallesons SJ Berwin has advised Oxley on its £200m acquisition of Royal Wharf from Ballymore. The Singapore-listed property developer intends to build 3,400 homes, offices and shops on the 40-acre site at London’s Royal Docks. It is the largest development site to come to market this year in the city, and reportedly […]