GT London Law Blog

GT London Law Blog

Legal Advisers for a Changing World

Tag Archives: Greenberg Traurig Maher

Breach of Warranty Claims – Teoco UK Limited (Claimant) v Aircom Jersey 4 Limited and Aircom Global Operations Limited (Defendants) [2015] EWHC (Ch)

Posted in Corporate, M&A
In the recent case of Teoco UK Limited v Aircom Jersey 4 Limited and Aircom Global Operations Limited [2015] EWHC (Ch), the High Court considered the validity of breach of warranty claim notification letters. Facts The claimant acquired two companies and their subsidiaries from the defendants. In the sale and purchase agreement (“SPA”) the defendants… Continue Reading

The UK Votes to Leave the European Union

Posted in Antitrust Trade & Regulation, Brexit, Competition Law
The UK voted yesterday to leave the European Union. The timetable for the UK’s exit, the terms of exit, and the UK’s post-exit relationship with the European Union (EU), are still to be determined, which will take time. Until these issues are clarified, firms with a UK presence, or UK customers, will have to address… Continue Reading

STOP PRESS: E-commerce in Europe – significant regulatory changes proposed – impact on companies conducting online business in the EU

Posted in Intellectual Property & Technology, Regulatory
The European Commission (“Commission”) has today published a significant package of measures designed to eliminate barriers to cross-border e-commerce in the European Union (“EU”).  These will impact on any companies whose products or services are sold online to consumers in the EU as well as on resellers and companies providing platforms for such sales. The… Continue Reading

Legal Update: Directors’ Duties – Eclairs Group Limited & another (Appellants) v. JKX Oil & Gas Plc (Respondent)

Posted in Corporate
In the recent case of Eclairs Group Limited & another v. JKX Oil & Gas Plc [2015] UKSC 71, the Supreme Court considered the duty of directors to exercise powers “only for the purposes for which they are conferred” (s171 of the Companies Act 2006 (CA 2006)). Facts Eclairs and Glengary were shareholders in JKX… Continue Reading

Changes to the EU’s REACH Regime May Increase the Administrative Burden on Prospective Registrants

Posted in Environment
On 6 January 2016, the European Commission published the Implementing Regulation 2016/9 on the joint submission of data and data-sharing (the Regulation). Concerns have been raised that the Regulation is likely to increase the administrative burden that prospective Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regime registrants are subject to. The Regulation is intended to… Continue Reading

Major Changes Introduced to Corporate Law by the Small Business Enterprise and Employment Act 2015

Posted in Corporate, Employment law
Introduction The Small Business, Enterprise and Employment Act 2015 (the “Act“) received Royal Assent on March 26, 2015 and marks the single biggest change to company law since the Companies Act 2006 (“CA”). It will be phased in over the course of the next 12 months. Although the Act’s title implies that it will only… Continue Reading

UK Businesses’ Understanding of Competition Law

Posted in Competition Law
The Competition and Markets Authority (CMA) has recently published the findings of research it commissioned to examine UK businesses’ understanding of competition law.  The aim of the research was to gauge businesses’ awareness of competition law, their understanding of anti-competitive behaviours and the resulting penalties, businesses’ preferred sources of information about compliance, and the awareness… Continue Reading

Gillian Sproul to Join Greenberg Traurig Maher

Posted in New Hire
London – 30 April 2015 – Highly regarded antitrust litigation and competition attorney, Gillian Sproul will join Greenberg Traurig Maher LLP, the London office of international law firm Greenberg Traurig LLP, as a shareholder in the firm’s Antitrust Litigation & Competition Practice. Gillian joins from Mayer Brown JSM. Gillian brings depth to the Greenberg Traurig… Continue Reading

Welcoming Joel Wheeler to Greenberg Traurig’s London Office

Posted in New Hire
Internationally acclaimed corporate lawyer Joel Wheeler has joined the London office of international law firm Greenberg Traurig, LLP, as a shareholder in the firm’s Corporate & Securities Practice. Joel had most recently served as a partner in Crowell & Moring since 2009, based in its London office. His practice focuses on a wide range of… Continue Reading

UK Government Relaxes the Rules Restricting the Words Used in Company Names

Posted in Government
On 27 February 2013 the UK Government launched a consultation, the ‘Consultation on the Company and Business Names 2013’ (the “2013 Consultation“) to review the list of ‘sensitive’ names that companies must get approval for before they can be used.  Following the 2013 Consultation, the UK Government has decided to relax the rules restricting company… Continue Reading

Completion Accounts: What Dealmakers Should Know

Posted in Corporate
By Henrietta Walker and H. Andrew Ross In the recent case of Shafi v Rutherford [2014] EWCA Civ 1186 (Shafi), the U.K. Court of Appeal was asked to examine an appeal from the High Court regarding the interpretation of a completion accounts mechanism, a commonly used price adjustment process in company and business acquisitions. The… Continue Reading

Private Equity: Cross-border acquisition structures in the line of fire?

Posted in Private Equity, Tax
Written by Graham Iversen. Proposed changes to international tax rules could have a major impact on private equity structures In a discussion document published on 21 November 2014, the Organisation for Economic Co-operation and Development (the OECD) has acknowledged an issue which has been causing increasing concern in the international private equity community. As many readers… Continue Reading

British Government tells recruitment agencies to look local

Posted in Employment law
The British Government has recently published its response to a consultation on whether recruitment agencies should be banned from advertising vacancies in other European Economic Area (EEA) countries without also advertising them in Great Britain and in English. The present legislation regulating British-based recruitment agencies is silent on where, and in what language, British-based vacancies… Continue Reading

Obesity: Grounds for Unlawful Discrimination?

Posted in Employment law
Written by Dorothé Smits and Johan Nijmeijer. According to Eurostat, during the last decade, the population that is overweight in the European Union (EU) Member States has increased significantly, which has resulted in more than half of the EU population being overweight or obese. Last year the European Court of Justice (ECJ) was asked in a preliminary ruling in… Continue Reading

The Competition & Markets Authority Imposes Changes to the UK’s Audit Market with Significant Implications for FTSE 350 Companies

Posted in Competition Law
On 26 September 2014, the Competition & Markets Authority (“CMA”) issued its final order implementing changes to the UK’s statutory audit market (the “Final Order”). By way of background, this action represents the final step in a process which commenced in March 2011 when the House of Lords Select Committee on Economic Affairs urged the Office… Continue Reading

Consultation on the New Public Sector Regulations

Posted in Government
The new Public Sector Directive 2014/24 (the New Public Sector Directive) on public procurement entered into force on 17 April 2014. This replaces Directive 2004/18. The New Public Sector Directive is accompanied by two other new directives, those for utilities and concession contracts respectively. Member States have two years to implement the New Public Sector… Continue Reading

European Commission Raises the Stakes for Undertakings to Comply with EU Merger Control Rules

Posted in M&A
The European Commission (Commission) imposed a fine of EUR 20 million on Marine Harvest, the Norwegian salmon farmer and processor, after it acquired a 48.5 percent stake in its competitor Morpol prior to obtaining the required clearance from the Commission under the European Union Merger Regulation (EUMR). The EUMR requires parties to a transaction that… Continue Reading

EU Commission Publishes Merger Regulation White Paper on Minority Shareholdings

Posted in M&A
In the United States, merger control rules require notifications to be submitted to the Federal Trade Commission and Department of Justice in respect of certain acquisitions of non-controlling minority shareholdings. In the European Union (EU), under the current Merger Regulation (Council Regulation (EC) No. 139/2004), the European Commission (Commission) only has jurisdiction to review transactions… Continue Reading