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  • July 25, 2007 |

    Germany: Interested parties

    Earlier this month, the German Corporate Tax Reform 2008 secured the approval of all Germany's legislative bodies and will become effective on 1 January next year. The Corporate Tax Reform 2008 does not provide for any 'grandfather clauses' for current transactions but for structures involving German entities with deviating fiscal years, the changes might already have an impact on fiscal years starting in 2007. The reform can be divided into two key elements: firstly, the intended reduction of an overall tax rate for corporations (corporate and trade tax) from 38.6% to slightly below 30%; and secondly a new general interest deduction limitation rule - the new rule - which will have a significant impact on leveraged transactions in Germany.

    1 minute read

  • July 25, 2007 |

    Deal Week Dispatch: 25/7/2007

    Deal Week Dispatch brings readers an early taster of news from Legal Week's unparalleled Deal Week section, with Allen & Overy, Dentons and Gibson Dunn among the deal-doers.

    1 minute read

  • July 18, 2007 |

    Gibson Dunn moves in on £500m Shell Mex House sale to Westbrook Partners

    Gibson Dunn & Crutcher's London arm has secured a role advising US private equity house Westbrook Partners on its £500m acquisition of Shell Mex House on the Strand.

    1 minute read

  • July 11, 2007 |

    A&O network advises on Tyco restructuring

    Allen & Overy (A&O) has bagged a trophy role alongside McDermott Will & Emery as international counsel on Tyco International's $65bn (£32.4bn) restructuring.

    1 minute read

  • July 11, 2007 |

    Contracts: Straight to the point

    The House of Lords was recently asked to consider whether, when assessing damages for breach of contract, the courts should take account of events that occurred after the breach. In Golden Strait Corporation v Nippon Yusen Kubishka Kaisha [2007], the majority of law lords determined that the overriding principle in the assessment of damages is compensation for actual loss. If an event post-breach affects that loss, the court should take this into account to avoid unjust enrichment.

    1 minute read

  • July 4, 2007 |

    A&O bags $65bn Tyco split in corporate coup

    Allen & Overy has bagged a plum role alongside McDermott Will & Emery as international counsel on the $65bn (£32.4bn) spin-off by Tyco International of two of its divisions, the magic circle law firm announced today (4 July). A&O fielded a mammoth 300-lawyer team to advise on the corporate restructuring for the spin-off of Tyco's healthcare and electronics businesses to its shareholders.

    1 minute read

  • June 20, 2007 |

    Employment: Gainful employment

    "Employment practices and employment lawyers used to be the poor cousins in the legal world, servicing law firms' corporate departments. That has changed. Now we have a seat at the table," says Edward Goodwyn, employment partner at Pinsent Masons. Just 15 years ago, former Simmons & Simmons partner Janet Gaymer founded the Employment Lawyers Association, having already set up Simmons' own employment department and begun the long process of raising the profile of her chosen practice area.

    1 minute read

  • June 20, 2007 |

    Employment: Parent power

    The Work and Families Act (WFA), which received Royal Assent on 21 June, 2006, has been the subject of considerable speculation and debate since the Department of Trade and Industry (DTI) outlined a range of proposals promoting family-friendly policies and practices at work in its February 2005 consultation paper.

    1 minute read

  • April 18, 2007 |

    Ashurst, CC lead on record-breaking CityPoint disposal

    Ashurst and Clifford Chance (CC) have bagged lead roles on London's largest-ever office deal - advising on Beacon Capital Partners' acquisition of CityPoint for more than £650m.

    1 minute read

  • April 18, 2007 |

    Gibson Dunn and Dechert lead firm roster on Crown Estate's £680m joint venture

    Gibson Dunn & Crutcher and Dechert have won lead roles on a £680m property joint venture between the Crown Estate and property trust The Hercules Unit Trust.

    1 minute read