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International Edition

Benelux: Promotion prospects

Belgium's rules governing commercial promotions are among the strictest in Europe. Chapter VI of the Act of 14 July, 1991 on fair trade practices and the protection and information of consumers (FTP Act) contains detailed rules regulating a variety of promotional activities directed at consumers, such as:
8 minute read

International Edition

Benelux: Securitisation redefined

A new securitisation law in Luxembourg, dated 22 March, 2004, has laid the foundations for a legal, regulatory and tax framework for securitisation vehicles in Luxembourg. The main features and advantages of this new securitisation law, as well as their practical application, are discussed in this article.
7 minute read

International Edition

Spain: MiFID's moment

The markets in financial instruments directive (MiFID) may be one of the most remarkable and ambitious steps towards a single European financial system.
4 minute read

International Edition

Germany: Car share

On 23 October this year, the European Court of Justice (ECJ) declared that the Volkswagen Act was not in line with European law, a decision which ratified an investigation initiated by the European Commission against the Federal Republic of Germany (FRG) in 2003. This decision, however, was not entirely unexpected as there had been previous benchmark decisions by the ECJ in other member states of the European Union that declared similar provisions to be void.
6 minute read

International Edition

Frankfurt merger hands Paul Hastings long-awaited German debut

US firm Paul Hastings Janofsky & Walker has made its long-awaited German debut after brokering a deal to absorb respected 27-lawyer Frankfurt boutique Smeets Haas Wolff. All five Smeets Haas partners will join the Los Angeles-based firm as equity partners when the combination goes live on 3 January, 2008.
2 minute read

International Edition

LSE's Johnson keeps GC role after Italian merger

Catherine Johnson has clung on to her position as general counsel of the London Stock Exchange (LSE) following the merger between the UK exchange and continental counterpart Borsa Italiana. Johnson will to retain her position at the helm of the LSE's legal team, which numbers around 10 lawyers and is set to combine with Borsa's in-house function in the new year.
2 minute read

International Edition

Hengeler heats up pay war with new salary hike

Hengeler Mueller has raised its associate salaries for the second time in 18 months, as the elite German independent bids to keep pace with its foreign rivals. Junior lawyers at the Slaughter and May best friend have seen their pay rise from €90,000 (£65,000) a year to either €100,000 (£72,000) or €105,000 (£76,000), depending on academic qualifications.
2 minute read

International Edition

CC partner cleared in shredding row

A Clifford Chance (CC) partner has been cleared of any wrong-doing in a Deutsche Bank shredding scandal that dates back to 2003. CC Frankfurt partner Kersten Schenck has been cleared after a key document was illegally shredded following a Deutsche Bank annual general meeting (AGM) in 2003.
2 minute read

International Edition

SJB, Freshfields see end of mammoth Russian dispute

A raft of City firm roles came to an end last week when the $2bn (£968m) dispute over Russian telecoms company Megafon finally settled after four years.
2 minute read

International Edition

European GCs lack boardroom clout - poll

Less than a third (28%) of UK general counsel have a seat on their company's board of directors, according to new research, despite the widespread belief among senior in-house lawyers that it should be accepted practice. However, the study - which polled 180 European in-house lawyers and was conducted by top 10 City law firm Lovells - indicates that corporate counsel in the UK are represented better at boardroom level than across Europe as a whole.
2 minute read

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