Issues

Cubitt

Moves 13 January

Move of the week David Cubitt has been elected London chief of Osborne Clarke. Cubitt, who has headed the firm’s employment practice for about four years, replaces Andrew Saul, who stepped down from the role after being elected senior partner last month. In taking up the new role, Cubitt will also take a seat on […]

Canada

Canada: Farm horizons

The food and agribusiness industry is booming, with farmland investments offering alternatives to work in the stalled commodities sector Food and agribusiness has long been an important part of Canada’s economy. The industry encompasses several sectors including mining, retail and grain handling. As a res-ult, opportunities abound from an M&A and investment perspective, and they […]

Frankfurt
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Germany: A sense of place

In Germany’s decentralised legal market, different cities have their own attractions for local and international firms looking to open an office Germany’s legal market is unique in Europe in being particularly decentralised. Whereas Paris is the only place to be for French corporate law, and Milan and Madrid keep most of the work in Italy […]

This week’s top 15 legal briefings – 12th January 2014

Salaried partnership is one of the opaque mysteries of the legal profession. Falling in a grey area between having a slice of a firm’s equity and being the tea boy, the title means different things to different firms and almost nothing to clients. Now Britain’s taxman has twigged to the anomaly, realising that – if […]

Shell
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Exclusive: Shell legal boss Rees in shock departure

Shell legal director Peter Rees QC has left the oil giant, just three years after joining the company. The abrupt move is understood to have surprised the legal team, which was informed on Friday (10 January 2013) in an email announcement from chief executive Ben Van Beurden. Rees’s tenure has ceased with immediate effect. Acknowledging […]

BVI approved manager regime extended to qualifying funds in recognised jurisdictions

The British Virgin Islands’ (BVI’s) approved manager regime for investment managers and advisers — introduced in December 2012 by the Investment Business (Approved Manager) Regulations 2012 — has had a successful first year, becoming increasingly popular for its straightforward and low-cost application process and ‘lighter-touch’ regulatory requirements. The BVI has now introduced amendments with effect from 2 […]

CFTC no-action relief and request for comment for the transaction-level requirements of non-US swap dealers

On 14 November 2013, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) issued Advisory 13-69 in response to inquiries from swap market participants as to whether a non-US swap dealer (SD) must comply with the transaction-level requirements set forth in Title VII of the Dodd-Frank Wall Street […]

The Financial Report — Volume 3, No. 1

DLA Piper has released the latest version (Volume 3, No. 1) of The Financial Report. Contents Discussion and analysis News from the Americas News from Europe Global regulators US Securities and Exchange Commission developments US Commodity Futures Trading Commission developments US banking developments US judicial developments US exchanges and self-regulatory organisations If you are registered […]

Coalition’s review of the franchise sector means potential penalties for frachisors but may also deliver national consistency

By Judith Miller, Cynthia Sica and Rose Bollard Consistent with its pre-election campaign promise, the coalition government has announced that this year it will review and amend the Franchising Code of Conduct to improve protections for small business franchisees. It will implement some recommendations made in the 2013 Wein review and amendments may include the […]

Biosimilar substitution in France: no way back?

Beginning on 1 January 2014, French pharmacists are now legally permitted to substitute a biosimilar for the prescribed (reference) biological medicine as long as the prescribing physician has not marked the prescription as ‘non-substitutable’. According to the new law, substitution is allowed only when initiating a course of treatment and if the biosimilar belongs to […]

French workers hold plant executives hostage

By Nick Pritchett On 6 January 2014, workers at a Goodyear factory in Amiens, France, ‘boss-napped’ two directors over plans to close the site. We consider the factors that led to this and the practical steps employers can take to manage redundancy situations. The Goodyear factory has been running at a loss for several years […]