By Alexandra Brown The Office of Fair Trading (OFT) has announced that criminal proceedings have been started in its latest cartel offence investigation. This is one of two current criminal investigations that the OFT is pursuing at present. The investigation involves Mr Peter Nigel Snee, who was charged on 13 January 2014 under section 188 […]
By Andrew Foyle After a lengthy period of silence, a new case in the court of session reminds lenders that a high degree of care is required where a wife is granting a security on account of her husband’s debts. Shoosmiths examines what lessons might be learned. In the case of Smith v Bank of […]
A SOPARFI (société de participation financière), in straightforward terms, is an ordinary, unregulated, commercial company used extensively in Luxembourg. It is a generic term and does not refer to a specific legal form of corporate entity. The most common legal forms a SOPARFI can take are a private limited liability company (‘société à responsabilité limitée’, […]
Last year was a ground-breaking year. The longevity swap market broke previous records with £8.9bn of liabilities being passed to providers. The market has continued to evolve, including: Largest insured longevity swap in the UK to date: Allen & Overy advised BAE Systems on a deal covering liabilities amounting to £2.7bn, relating to around 31,000 […]
The commercial court considers the date at which loss should be assessed where damages are sought as a result of alleged negligent financial advice. In the case of Gestmin SGPS SA v Credit Suisse (UK) Ltd & anr [2013] EWHC 3560 (Comm), 15 November 2013, the commercial court held obiter that losses resulting from alleged […]
In the case of Boris Bannai v Eitan Shlomo Erez (trustee in bankruptcy of Eli Reifman) [2013] EWHC 3689 (Comm), 26 November 2013, the English commercial court denied an application to set aside an anti-suit injunction restraining the defendant from pursuing litigation against the claimant in Israeli courts, where the agreement between the parties contained […]
Allen & Overy has bolstered its Spanish offering by launching an office in Barcelona — its second Spanish office — and hiring Spanish lawyer Antoni Valverde. It is expected that the office will start operating within a few months. Allen & Overy has strengthened its corporate-related offering in Spain in the past six years, opening […]
The education team at Eversheds has successfully been appointed to the Crescent Purchasing Consortium (CPC) Legal Services Framework. CPC is a procurement consortia serving the further education sector, academies and similar educational establishments in obtaining better value for money for goods and services. CPC gives members access to EU tendered framework agreements. As part of […]
The Lord Rennard debacle reads like a case study on how a large organisation or company should not handle a reputational threat. Kate Macmillan, a lawyer and brand management expert with Collyer Bristow, outlines some of the advice the Liberal Democrat Party could have expected had it sought specialist advice at the outset of the […]
Last year was packed with national and international pensions developments. It can be difficult for corporate multinationals to keep track of the shifting landscapes in all the countries where they operate, as well as keeping up with developments on the wider European and global scene. At the end of 2013, Allen & Overy asked seven […]
On 25 March, lawyers from Allen & Overy’s Moscow and London offices will hold a seminar for clients on business opportunities in Russia and the CIS, legal protections, risks and methods for resolving disputes. The seminar will take place in London and will be followed by a Russian buffet.
Allen & Overy has continued to strengthen its position as a leading adviser in global debt and equity capital markets, advising issuers and managers on 818 deals in 2013 worth $577.2bn (£350bn). This is 133 deals and more than $75bn clear of its closest competitor, according to data from Thomson Reuters. The results of the […]