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Taylor Wessing anoints Hamburg IP partner Meissner as new Germany chief

Taylor Wessing has elected Hamburg IP partner Andreas Meissner as its new German managing partner, following the sudden decision of Florian Ranft to step down after just one year in the job. Meissner will also take up a place on Taylor Wessing’s international management board. He takes up his new role with immediate effect. The…

Cleary, Linklaters, Freshfields advise on €40bn Lafarge Holcim merger

A mammoth team of advisors including Cleary Gottlieb Steen & Hamilton, Freshfields Bruckhaus Deringer and Linklaters has turned out to advise Lafarge and Swiss giant Holcim in their €40bn merger. Cleary Gottlieb Steen & Hamilton put up a 30-strong team for the deal, hailed as the biggest ever tie-up in the industry. It included partners…

European Commission tightens key EU corporate tax rules

The European Commission has put forward certain amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will address deficiencies in the Parent-Subsidiary Directive, which may allow the operation of structures that will benefit from reduced taxation. Companies, including Cyprus companies, will no longer be able to…

Stephenson Harwood launches City private wealth practice

Stephenson Harwood has appointed Thomas Eggar’s international and business taxation head James Quarmby to spearhead the growth of its private wealth practice. Quarmby will become the firm’s only dedicated London private wealth partner, when he begins his new role on 7 April 2014. The firm has also hired a private client senior associate, Vivienne Wild…

Bar Council apologises over 64 per cent tenancy stat gaffe

The Bar Council has issued an apology over its Bar Barometer report, released this week, which erroneously stated that the number of new tenancies had fallen by 64 per cent in a single year. The 2014 version of the annual report surveys the Bar and BPTC students on a number of factors including ethnicity and…

Herbies launches Australian secondment scheme

Herbert Smith Freehills will extend its international secondment network to cover its Australian offices, allowing trainees in London and Hong Kong to visit the jurisdiction. The firm will also start seconding young Australian lawyers to its other offices. Large London player Herbert Smith merged with Australian firm Freehills in October 2012 to create a firm…

Current status of temporary capital restrictions in the Cyprus banking system

Cyprus continues to implement a series of temporary capital restrictions measures, with the aim to support the banking sector and safeguard the stability of the Cypriot banking system. The temporary Cyprus restrictive measures were implemented through decrees issued by the Minister of Finance pursuant to the provisions of the Restrictive Measures on Transactions in case…

Patton Boggs vows to defend 'below the belt' claims from US giant Chevron

Washington lobbying firm Patton Boggs is facing a legal battle against oil giant Chevron following a US court ruling that the New York court had jurisdiction to hear fraud claims being pursued against the firm. On Monday US District Judge lewis Kaplan has said he had “difficulties” with Patton Boggs’ argument that the New York…

Eversheds' German ally launches in Berlin as full merger mooted

Eversheds’ German arm Heisse Kursawe Eversheds has launched a Berlin office, ahead of a possible full merger between the firms. The new office will be headed by employment partner Stefan Kursawe and will cover all areas of commercial law, particularly public law, procurement and real estate. It will be staffed by around 10 lawyers, a…

African in-house market set for rapid expansion, predict GCs

In-house counsel in African companies are quickly gaining prominence and control over their businesses’ legal function, The Lawyer research has shown. General counsel at major African organisations believe that like their counterparts in the UK and US, they are increasingly able to control their legal spend and bring work in-house. ”Across the board, in-house teams…