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Brexit continues to present many challenges and opportunities for Scottish business leaders and with the EU and the UK agreeing a further delay to Brexit, until the 31st October, we understand the further uncertainty this presents for our business communities across the UK and the EU. Whatever the outcome of Brexit, many aspects of Scottish industry and beyond continue to be touched by Brexit. That’s why Anderson Strathern has decided to take the pulse of business Scotland.
They have polled over 250 senior people from across Scottish industries to understand how ready Scotland is for Brexit. The research has uncovered some key implications and opportunities for Scottish business’ during Brexit and beyond. Anderson Strathern found that the EU workforce is key for Scotland and whilst a high proportion of business’ have started a risk assessment, larger companies are most prepared, whilst the majority of smaller to medium sized companies have yet to fully prepare. The uncertainty surrounding Brexit is affecting business confidence. However, there is also optimism where Scottish business leaders see the continuation of an EU workforce, regardless of the outcome, and the opening up of further trading opportunities outside of the EU market.
They also looked at the differences between the two largest Scottish economic centres Edinburgh and Glasgow. What does Scotland plc think pre-Brexit? Read the full Brexit White Paper here and follow Anderson Strathern’s research news using #BrexitandBeyond
We are delighted to announce some new appointments to our Executive Committee and Junior Board.
Joining the Executive Committee are Richard Ryan from Arthur Cox and Johan Akermarck from Dittmar & Indrenius.
Joining the Junior Board is Jonny Steele from Charles Russell Speechlys.
We look forward to working with them all.
As ever, should you have any nominations for candidates to be on either board, please contact Helen Cooper (email@example.com).
We’d like to pass on our congratulations to Christin Hempel from Tiefenbacher and also a member of our Junior Board in becoming a Partner. An achievement to show how incredibly hard she works and an asset to both Tiefenbacher and AEL.
We are delighted to announce the launch of our first ‘Retail Manifesto’ report.
The Retail Manifesto:
Please find the document attached and if you have any queries please contact our Key Contact Jeff Gillbanks.DOWNLOAD PDF
A change that has taken place within our Association.
With immediate effect Ughi e Nunziante shall no longer be our Italian firm and are replaced by Nunziante Megrone. I attach a brochure from Nunziante Megrone for your information and giving you some detail about the firm.
We would like to thank Ughi e Nunziante for their commitment to AEL over the years and wish them all the very best for the future.
We are pleased to welcome Nunziante Megrone and look forward to working with them in the future and meeting some of their lawyers at our upcoming events.
If you have any queries please do not hesitate to contact Jeff Gillbanks, Secretary General (firstname.lastname@example.org)DOWNLOAD PDF
A tribute to our friend and colleague John who sadly passed away recently has now gone up on Anderson Strathern’s website and can be accessed here: https://andersonstrathern.co.uk/news-insight/tribute-to-john-kerr/
We are delighted to announce that Laura Ogurčáková from Zarecky Zeman has joined the Junior Board. She joins Tom Wright, Matteo Magistrelli and Christin Hempel.
She will be helping them with their current task of looking into the Special Interest Groups. We shall have an update on their work/findings at the AGM in September.
If you have any issues that you would like the Junior Board addressing or any ideas how to rejuvenate our Special Interest Groups please email email@example.com.
The first consequences of Brexit in terms of data protection laws are appearing on the horizon. The EU Commission has issued communication on 9 January 2018 stating that the United Kingdom of Great Britain and Northern Ireland will be classified as “Third Country” within the meaning of the GDPR. If this is of relevance for you please refer to the also attached “Tiefenbacher Newsletter”.
Please do not hesitate to contact us should you have any questions.DOWNLOAD PDF
If you or your clients do have a corporation registered in Germany with a foreign shareholder those companies will need to comply with the newly introduced rules on the transparency register. With the attached “Tiefenbacher Newsletter” we inform you about the prerequisites for a separate registration with the transparency register and potential relief.
Please do not hesitate to contact us should you have any questions.DOWNLOAD PDF
There has been some recent movement in the Executive Committee and Junior Board. After many years service we said goodbye to Mike Scott, a former Secretary General, who has been replaced by Ben Smith (Charles Russell Speechlys) who shall also takeover the role of Treasurer of the AEL.
We also welcomed 2 new members to our Junior Board, Cristin Hempel (Tiefenbacher) and Tom Wright (Brabners) to join Matteo Magistrelli (Ughi e Nunziante). We are always looking for more people to join the Junior Board and in this way if you would like to put yourself or a colleague forward please contact Helen Cooper (firstname.lastname@example.org).
The Executive Committee would like to welcome the above and look forward to working together.
Fenemore advises lenders and borrowers on trade finance and growth market transactions. He joins LKT as a partner in the Banking & Finance practice, working alongside partner and practice area head Szabolcs Mestyán.
Fenemore joins LKT from Clifford Chance’s London office. He began his legal career in Budapest with the predecessor of LKT, and then moved to London where he has been based since 2002, save for a 5 year period in Bucharest.
Managing partner Péter Lakatos said “we are very pleased to welcome John back to Budapest. With our predominantly international client-base it is important for us to have lawyers in our team with extensive experience in the London market. With John’s arrival we also maintain and develop our English law resource. In addition, John has the further advantage of fluent Hungarian and Romanian. We have always seen ourselves as innovators – with this step, raising our combined international and Hungarian Banking and Finance capability beyond anything currently available in Budapest, we are again leading the way. We are confident that banks, the finance community generally and the law firms who refer work to us will appreciate the benefits offered by this additional capability.”
Banking & Finance head Szabolcs Mestyán said “I have worked with John over many years and I am very pleased he has agreed to join our team here. With his London based emerging markets experience, and long track record of working with banks focussed on Central Europe, he will be a great addition to our Banking & Finance practice, which serves banks operating mainly out of London, Frankfurt and Vienna.”
John Fenemore said “it is great to be going back to Budapest. I began my legal career in Budapest, and have spent much of my time since then working in Central Europe, both on the ground in Budapest and Bucharest but also managing transactions across the CEE region from London. I know the LKT team well, having worked with them both while they were part of Clifford Chance and as an independent firm since 2009. They impressed me by their integrity, responsiveness and by the quality of their work. The LKT partners have built one of the leading independent firms in Hungary and I am excited by the challenge of helping the LKT team to offer first class advice to investors and institutions in Hungary and across the region.”
Fellner Wratzfeld & Partners (fwp) successfully provided legal advice to HYPO NOE, the association of mortgage banks of the Austrian Provinces and Pfandbriefbank in connection with financing repayments to be made for specific bond issues, thus ensuring the stability of both Pfandbriefbank and the mortgage banks guaranteeing such repayments.
Fellner Wratzfeld & Partners(fwp) represents HETA Asset Resolution AG (formerly HYPO Alpe-Adria Bank International AG) in connection with the judicial review proceedings before the Austrian Constitutional Court following the implementation of special Hypo legislation. The Constitutional Court has now rejected all individual applications filed by Austrian and international investors as inadmissible.
Business law firm Fellner Wratzfeld & Partners (fwp) advises UniCredit Bank Austria AG on the multi-stage structured sale of the real estate portfolio it holds via Immobilien Holding GmbH.
fwp advises WEB Windenergie AG on the first issue of a hybrid bond by an Austrian wind energy provider.
When to mediate? Can mediation be successful at an early stage of litigation? Is it necessary to have formal discovery or informal exchange of materials before undertaking to mediate?
Please see attached briefing note on the Netherlands from member firm
Members Involved: Edward Hoare, Tarlochan Lall, Hamish Perry, Sarah Henderson and Duleep Sahni.
City firm Charles Russell has advised Storm model agency owners Sarah Doukas and Simon Chambers on the sale of an initial 51% shareholding in the model agency Storm to CKK, the NASDAQ-listed global entertainment company behind Simon Fuller’s 19 Entertainment, and the joint venture agreement regarding the shared ownership.
Simon Fuller’s 19 Entertainment is one of the most successful entertainment organisations in the world, having created and produced hit television properties including “American Idol” and “So You Think You Can Dance,” and with its relationships and partnerships with some of the biggest names in sports, music and fashion, including David Beckham, Victoria Beckham, Claudia Schiffer, and world tennis No.3, Andy Murray.
Storm is a leading model agency which represents an international roster of clients that includes Kate Moss, Lily Cole and Carla Bruni.
The Charles Russell team was led by corporate partner Edward Hoare and was supported by tax partner Tarlochan Lall, corporate associate Hamish Perry, and solicitors Sarah Henderson and Duleep Sahni. CKX UK Holdings Ltd was advised by Field Fisher Waterhouse.
Corporate partner Edward Hoare said, “Having advised Storm in the past it is great to see the company become involved with one of the world’s biggest artist management firms. This instruction continues to demonstrate the breadth of our corporate practice.”