GT London Law Blog

GT London Law Blog

Legal Advisers for a Changing World

Tag Archives: GTM

Brexit: Can the Remainers Stop a No-Deal Brexit?

Posted in Brexit, EU Withdrawal Agreement, GT Alert, No-deal Brexit
Brexit has driven fault lines through British politics as seen at no time since the 1680s. Fervent ‘leavers’ and fervent ‘remainers’ can be found in both of the main political parties, although most favour various compromise options in between. This is reflected in the composition of the UK Parliament and has resulted in an impasse,… Continue Reading

The Serco Deferred Prosecution Agreement: A Lesson in Pragmatism

Posted in criminal law, Deferred Prosecution Agreement, GT Alert, Serious Fraud Office, sfo, White collar
On 4 July 2019 at Southwark Crown Court, Mr Justice William Davis formally approved the fifth Deferred Prosecution Agreement (DPA) entered into by the UK’s Serious Fraud Office (SFO). The SFO’s latest DPA is with Serco Geografix Limited (SGL), a now-dormant subsidiary of Serco Limited (SL), and marks the end of a six-year investigation which started… 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

Fracking Gets the Green-Light in the United Kingdom

Posted in Environment
The bidding process has opened in the UK for licences to allow companies to begin exploring for onshore oil and shale gas deposits. The ‘fracking’ process used to extract such deposits – which has been linked to localised earth tremors – is controversial, with environmental pressure groups and many residents of the areas where such… Continue Reading

Subtenants position following disclaimer of head lease

Posted in Real Estate
A liquidator of a tenant is entitled to disclaim onerous property (including leases). This terminates the rights and liabilities of the tenant under the head lease. Any person with an interest in a disclaimed lease can apply for the lease to be vested in them within three months from the disclaimer. A head landlord can… Continue Reading

Permitted use restrictions and competition law – when is a restriction too restrictive?

Posted in Competition Law
For a long time, land agreements, namely agreements between businesses which create, alter, transfer or terminate an interest in land, were excluded from the application of the UK’s Competition Act 1998 (CA ‘98) as a matter of policy. That exclusion was revoked with effect from 6 April 2011, and such agreements must, as a result,… Continue Reading

Greenberg Traurig Represents BNP Paribas in its Public Offering of Shares Listed on the Warsaw Stock Exchange

Posted in Deals
The international law firm Greenberg Traurig advised BNP Paribas Bank Polska S.A. and its French main shareholder, BNP Paribas SA, in the public offering of shares of BNP Paribas Poland listed on the Warsaw Stock Exchange. The value of the offer was PLN 231.2 million. (Approximately US$75 million) Citigroup Global Markets Limited and Dom Maklerski… Continue Reading

Pre-employment immigration checks – Government advises ‘clear written procedures’ to avoid race discrimination

Posted in Employment law
Employers have a duty under the Immigration, Asylum and Nationality Act 2006 to prevent illegal working in the UK by carrying out pre-employment immigration checks. However, carrying out such checks on prospective employees who appear not to be British citizens on the basis of their colour or ethnic or national origins risks breaching an employer’s… Continue Reading

Greenberg Traurig Teams Assist Atlas Mara Co-Nvest Limited in its first Acquisition of Sub-Saharan African banking group BancABC for up to $265M

Posted in Deals
The international law firm Greenberg Traurig LLP assisted Atlas Mara Co-Nvest Limited (Atlas Mara) in connection with its first acquisition following its incorporation and listing on the London Stock Exchange (LSE) in December 2013. Atlas Mara announced on 31 March that it had concluded agreements to acquire a majority of BancABC, a leading multi-country, multi-service… 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

UK ICO and Ofcom Publish Updated Joint Action Plan to tackle nuisance calls and messages in 2014

Posted in Data Privacy
Written By Luke Dixon, CIPP/E The UK Information Commissioner (ICO) and Ofcom have published an update on their Joint Action Plan for tackling nuisance calls and messages. They have identified a number of priority areas for 2014, including: (i) ongoing, targeted enforcement action; (ii) improving the tracing and technical assessment of nuisance calls; (iii) working… Continue Reading

Greenberg Traurig Maher Represents Rentokil Initial in Sale of Initial Facilities

Posted in Deals
International law firm Greenberg Traurig Maher LLP (GTM) advised Rentokil Initial plc (FTSE: RTO) in the sale of its Initial Facilities (“IFS”) business to Interserve Plc for a total cash consideration of £250m. The team included: Fiona Adams (Shld-LON-CP), Paul Maher (Shld-LON-MA), Kate Eades (Shld-LON-CP), Cate Sharp (Shld-LON-ENV), Naomi Feinstein (Shld-LON-LE), Justin Hamer (Shld-LON-TX), Stephen… Continue Reading

Mandatory early conciliation of Tribunal claims – only two months to go

Posted in Employment law
Written by Rob Collier-Wright From 6 May 2014, prospective claimants will be required to enter into a mandatory four-step “early conciliation” procedure aimed at achieving settlement before they can commence proceedings against their employer in the Employment Tribunal (ET). However, employers should be aware of the provisions even sooner, as transitional provisions mean that the… Continue Reading

Government to Crack Down on Miserly Employers

Posted in Employment law
Written by Rob Collier-Wright The UK Government has announced plans this month to bring in new legislation increasing the maximum financial penalty for rogue employers who fail to pay their employees the National Minimum Wage (“NMW”). At present, employers who flout their NMW obligations must make good on arrears, as well as incurring a financial… Continue Reading

GTM wins London Office of the Year at the British Legal Awards 2013

Posted in General
Greenberg Traurig Maher won the London Office of the Year award at the British Legal Awards 2013 hosted by Legal Week. The awards celebrate achievement, excellence and innovation in the legal industry. A panel of judges chose GTM ahead of six other International nominees praising the firm’s high quality client experience, strength in corporate, capital… Continue Reading

Releasing Lease Guarantees by Mistake

Posted in Real Estate
Written by Andrew Edwards The recent decision in Topland Portfolio No. 1 Ltd v Smiths News Trading Ltd acts as a reminder to landlords of just how easy it is to inadvertently release a guarantor from its obligations under a lease. Facts In Topland there was a guarantor for the tenant’s obligations. The lease contained… Continue Reading

GTM is a proud sponsor of Cathedral Group’s ‘A Dolls’ House’ project in support of KIDS charity

Posted in General, Pro Bono
Written by Chantal Phillips GTM is a lead sponsor of Cathedral Group’s ‘A Dolls’ House’ project whereby 20 of the world’s leading architects and designers will present their vision of a dolls’ house at a live auction to be held at Bonham’s on 11 November, with all proceeds of the auction going to KIDS charity.… Continue Reading

OFT investigates pricing restrictions in sale of mobility scooters and sports bras

Posted in Antitrust Trade & Regulation
Written by Lisa Navarro In September 2013, the Office of Fair Trading (“OFT“) issued statements of objection (“SO“) in two separate resale price maintenance cases. The first relates to the sale of sports bras, and the second to mobility scooters. Distinct products, sold in different ways, but both have allegedly been the subject of arrangements… Continue Reading