Issues

European Food Safety Authority publishes feed additives guidance

On 22 October 2013, the European Food Safety Authority (EFSA) published guidance on the renewal of the authorisation of feed additives. EFSA explains that Regulation (EC) No 1831/2003 establishes rules governing the Community authorisation of additives for use in animal nutrition… If you are registered and logged in to the site, click on the link […]

European Commission work programme 2014

The European Commission has published its work programme for 2014, outlining the legislative and policy initiatives that it will focus on next year. One of the initiatives that will be implemented comes from the Communication on the Regulatory Fitness and Performance Programme (REFIT), which sets out the results of a screening carried out by the […]

​October’s media-friendly deals frenzy

Coronation Street, Breaking Bad, Legoland, Super Mario, Inter Milan and Byron Hamburgers. October’s deals round up reads like a cross between the Radio Times and Time Out. Not that media and entertainment lawyers would have had time to appreciate either last month. A team from Clifford Chance was caught up advising AMC Networks, owner of […]

EU regulation on food labelling: next steps

On 25 October 2011, the European Parliament and the Council adopted Regulation (EU) No 1169/2011on the provision of food information to consumers (the FIC Regulation). The FIC Regulation establishes the legal framework for the provision of food information provided to consumers by food business operators. It sets down the general principles, responsibilities and requirements aimed […]

EC amends nano elements of food information and labelling rule

With a delegated act, the European Commission has issued a draft rule amending Regulation 1169/2011 — a rule regulating food labelling and information to consumers — with regard to the use of the term ‘nano’ to describe food additives. According to the revised regulation, some food additives that were previously registered as ‘nano’, may no […]

Commission regulation: rules for applications concerning the use of generic descriptors

On 20 September 2013, the European Commission adopted implementing rules for applications concerning the use of generic descriptors under article 1(4) of Regulation (EC) No 1924/2006. According to the regulation, for generic descriptors (denominations) that have traditionally been used to indicate a particularity of a class of foods or beverages that could imply an effect […]

Final CFTC rules on protection of collateral for uncleared swaps and treatment of portfolio margining account in bankruptcy

Section 724(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) amended the Commodity Exchange Act (CEA) by adding section 4s(l) of the CEA, which sets forth certain requirements concerning the rights of a counterparty of a swap dealer (SD) or major swap participant (MSP) with respect to the segregation of […]

Manches: A tax of the zombies

Today we give you the inside track on the collapse of Manches, a horror story if ever there was one. As we revealed last week, Manches had paid just £90,000 of a £715,000 tax bill, and had a £6.4m overdraft before it went into administration on 14 October. The firm’s financial situation was a mess. […]

Conyers advises Avolon on $636m aircraft securitisation

Conyers Dill & Pearman has advised Avolon, an international aircraft leasing group, on the Bermuda law aspects of its $636m (£398m) asset-backed securitisation (ABS) for Emerald Aviation Finance, a newly established special-purpose company. The ABS aircraft portfolio comprises 20 aircraft manufactured by Airbus, Boeing and Embraer. Jason Piney, Victor Richards and Waynette Hollis of Conyers’ Bermuda office acted for […]

M&A Index: Q3 2013

While dealmaking remained generally quiet in most markets in the third quarter (Q3), there are signs that capital flows are shifting from emerging to more mature markets. This looks more like a rebalancing than a reversal of fortunes. Fired by a range of very bullish forecasts, we started the year asking what it would take to […]

Eversheds Ireland plays key role in the takeover of Paladin Labs by Endo Health

Eversheds Ireland has played a key role in the takeover by Endo Health Solutions of Paladin Labs Europe for approximately £1.1bn. In this transaction, the acquiring entity will be an Irish holding company. The deal is the first Irish inversion with no primary Irish target. An inversion is a legal transaction whereby one corporation becomes […]