Since Xi Jiping became China’s leader this year, the People’s Republic of China (PRC) has seen the launch of an unprecedented, sweeping government campaign to tackle corruption. The wave of enforcement action against corrupt officials that started with the arrest of the enormously powerful former Chongqing party secretary, Bo Xilai, has since surged on. Most […]
DLA Piper has advised the shareholders of R Griggs Group, the parent company and licensee of the Dr Martens brand, on its agreement to dispose of Griggs to an investment vehicle backed by the Permira Funds for £300m. Permira is a European private-equity firm. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the […]
DLA Piper has successfully represented its clients Jiangsu Eastern Heavy Industry Co, a large shipyard in China, and Chinese trading house Ningbo Ningshing International in a litigation case in the English High Court. The case related to a claim against both Jiangsu Eastern and Ningbo Ningshing (the sellers) in relation to two shipbuilding contracts with Primera Maritime (Hellas) for the […]
Ogier Fund Services has been highly commended in the 2013 Fund Services Awards for the category of Best Specialist Fund Service Solution. As part of Investment Week’s Fund Management Summit (FMS) held in London on 15–16 October, the awards were held in honour of those service providers that keep the wheels of the fund management industry turning efficiently.
Walker Morris has launched the latest edition of Foresight, a legal calendar that outlines major cases, government policy and forthcoming legislation up to 2015. According to the firm, it develops Foresight so its clients can be proactive and plan ahead. The publication will be updated every six months.
Paul Marshall from No5 Chambers has co-authored the Chancery Bar Association’s (CHBA’s) response to the Department for Business Innovation & Skills’ (BIS’s) discussion paper on transparency and trust. Marshall was one of two authors of the body’s official response to the paper, which focused on the proposed reform to companies legislation.
By Barbara J Harris Section 193 of the New York Labor Law proscribes an employer’s right to make deductions from its employees’ paychecks with very limited exceptions. In November 2012, the law was amended to allow employers to make payroll deductions for the inadvertent overpayment of wages, provided the deductions were made in compliance with […]
By Roy K McDonald and Vishali Singal Companies operating internationally often engage numerous — sometimes even thousands — of third parties around the world to help facilitate their business. Alongside the growth of such relationships, the risks posed by them have taken on new significance with the rising tide of anti-corruption and anti-bribery enforcement actions […]
In the past decade, dramatic shifts have occurred in how labour unions engage the world’s multinational companies. The expansion of businesses across borders has motivated the world’s largest unions to form international coalitions and affiliations, enhancing their scope and capabilities. Unions across the globe are co-operating on an unprecedented scale, sharing strategies and resources and […]
By Kiera S Gans The Resource Guide to US FCPA promulgated by the Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) emphasises the need for appropriate due diligence and vetting before engaging third parties. The guidance details the need to conduct risk-based due diligence in order to understand the qualifications and associations […]
DLA Piper has released the latest version (Volume 2, No. 19) 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 […]
Not since the depths of the recession in 2009 has a trade union row made such prominent headlines. Unite the union today reached a deal Grangemouth site owners Ineos to ensure that it remained open, but a libel case between the parties rumbles under the surface . Ineos has turned to long-standing adviser Robert Stern, […]