GT London Law Blog

GT London Law Blog

Legal Advisers for a Changing World

Tag Archives: GT

Prove It or Lose It! Part III: A Step Too Far? Account Freezing Orders & Account Forfeiture Orders

Posted in criminal law, White collar
Part III of our series on asset recovery powers available to UK law enforcement authorities focuses on new powers under the Criminal Finances Act 2017 to obtain orders to freeze bank accounts and apply for forfeiture orders, permanently depriving the account holder of the funds contained in the account. These draconian new powers have received little publicity… Continue Reading

Brexit – Where Now?

Posted in Brexit, Government, International Law, International Trade
At their summit on 25 November, the leaders of the EU27 states approved the draft agreement providing for the U.K.’s withdrawal from the EU. The EU and U.K. also issued a joint statement outlining the framework for the post-Brexit EU/U.K. relationship. These developments, although much-awaited, give little legal certainty in the short term. Draft Withdrawal… Continue Reading

Prove It or Lose It! – Part I: Unexplained Wealth Orders

Posted in White collar
Unexplained Wealth Orders (UWOs) have recently been in the news. They extend the powers available to UK law enforcement authorities under the Proceeds of Crime Act 2002 (POCA). A UWO enables investigators to ask people who are holding assets, which based on their legitimate income they would not be able to afford, to prove that… Continue Reading

Greenberg Traurig Advises On Hotel Deal Valued At Approximately £858 Million

Posted in Corporate, M&A, Real Estate
LONDON – 6 August 2018 – A multidisciplinary London-based team at global law firm Greenberg Traurig, LLP advised InterContinental Hotels Group plc on its arrangements with French real estate investor Covivio (formerly Foncière des Régions) to rebrand and operate 12 high-quality open hotels and one pipeline hotel in the UK following the acquisition of the… Continue Reading

Director Disqualification: CMA Signals Increased Enforcement

Posted in Antitrust Trade & Regulation, Competition Law
The Consultation The UK Competition and Markets Authority (CMA) has on 26 July 2018 opened a consultation on revised guidance (Revised Guidance) on competition disqualification orders (CDOs) against directors of undertakings suspected to have been in breach of competition laws. Continue Reading.… Continue Reading

Frankfurt Court Approves Online Marketplace Restriction for Luxury Perfumes

Posted in Antitrust Trade & Regulation
The Higher Regional Court of Frankfurt ruled on 12 July 2018 that manufacturers of luxury products are permitted to restrict authorised resellers from reselling on online marketplaces. The marketplace restriction at issue was imposed by Coty Germany on Parfümerie Akzente, one of its authorised distributors, to prohibit it from distributing Coty perfumes on a third-party… Continue Reading

Environmental Crimes by Companies Will Now be Prosecuted at the International Criminal Court

Posted in Environmental, International Law
The International Criminal Court (ICC) announced on 15 September 2016 that it will start to investigate environmental crimes under international law, raising the prospect that company executives could be prosecuted in The Hague in respect of corporate activities with serious environmental impacts. An ICC policy paper on case selection and prioritisation states that the ICC… Continue Reading

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

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

Greenberg Traurig is Lead Sponsor for The MIXiii Israel Innovation Conference

Posted in Firm Sponsorships
International law firm Greenberg Traurig will serve as the lead sponsor for the MIXiii Israel Innovation Conference, which will debut a conference format to uniquely combine Biomed and High-tech presentations and activities.  The conference will take place at the Tel Aviv Fairgrounds May 20-22, 2014. This new conference format, led by IATI, Israel’s umbrella organization… Continue Reading

Greenberg Traurig Attorneys, Practices Worldwide Recognized by Prestigious Chambers Global Guide

Posted in Awards
The international law firm Greenberg Traurig, LLP has 40 attorneys recognized in the 2014 edition of the prestigious legal services directory Chambers Global. Additionally, the directory recognizes 16 of the firm’s practice areas. The firm, with offices in the United States, Europe, Latin America, the Middle East and Asia, has attorneys ranked in its Amsterdam,… Continue Reading