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International Edition

Freshfields and Slaughters advise as Royal Mail gets set for privatisation

Freshfields Bruckhaus Deringer and Slaughter and May are playing key advisory roles in the ambitious restructuring of Royal Mail as the UK Government prepares to take on the company's multibillion-pound pension deficit ahead of a potential float. Freshfields is advising the Government on the restructuring, which will see £37.5bn of Royal Mail's legacy pensions liabilities transferring to the state, including a deficit of around £9.5bn.
3 minute read

International Edition

Commercial and Chancery Bar

Leading advocates on riding the wave of recent financial disputes and the complex legal fallout from imposing sanctions
1 minute read

International Edition

When diplomacy fails - the complex legal fallout from imposing sanctions

20 Essex Street's Sara Masters and Penelope Nevill describe the complex use of global sanctions and how they affect business
8 minute read

International Edition

Government legal spend drops 36% amid austerity cutbacks

Government legal spend through its central panel of external advisers fell by more than a third last year, with the findings coming as a long-awaited review of the roster kicked off in earnest earlier this month. Figures released by the Government Procurement Service, following a Freedom of Information Act request from Legal Week, show the panel handing out a total of £28.8m to the current 48-firm roster during 2010-11, 36% down on the record figure of £44.8m spent during the previous year.
3 minute read

International Edition

Legal aid reforms under scrutiny as peers criticise proposed cutbacks

The Government's proposed legal aid reforms are facing further criticism in the House of Lords this month as discussions continue over the Legal Aid, Sentencing and Punishment of Offenders Bill. The Bill – which sets out the Ministry of Justice's (MoJ's) plans to cut £350m from the annual legal aid budget – is currently under discussion in the upper house, with peers highlighting the potentially negative impact of the reforms.
4 minute read

International Edition

Bankers' bonuses on the racks again as Government set to clamp down on cronyism

Freshfields' Simon Evans and Alice Greenwell examine whether the Government's pay proposals will drive change
6 minute read

International Edition

Banking on change - the impact of the Vickers banking reforms

Simmons' James Bresslaw outlines the UK Government's response to the ICB's recommendations for a banking system reform
8 minute read

International Edition

Finance partners cheer bid to make London a renminbi trading hub

Finance partners have welcomed plans by the UK Government to help strengthen London's position as a leading financial centre by turning it into an offshore trading hub for China's renminbi (RMB) currency. Chancellor of the Exchequer George Osborne signed a deal on Monday (16 January) in Hong Kong setting out plans to make London a trading centre for the currency, which is becoming increasingly important as China's economic power continues to grow.
5 minute read

International Edition

Freshfields faces £68m claim over Department for Transport advice

Freshfields Bruckhaus Deringer is facing a potential negligence claim worth more than £68m from the Department for Transport (DfT) for advice it gave the organisation in 2006 in relation to a rail franchise agreement with Stagecoach South Western Trains (SSWT)...
2 minute read

International Edition

Bluechip employment lawyers welcome reforms to work disputes but few expect claims to fall

Wide-ranging employment shake up may cut red tape but advisers doubt core reform claims. Sofia Lind reports
6 minute read

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