Western Europe
We round up this week’s top moves in the finance, corporate, M&A and PE practices in the UK, France the US and Germany
Leon Stephenson’s arrival follows the firm’s Charlotte launch and global fund finance build-out, as Paul Hastings continues to expand its London platform
The newly combined firm brings together more than 3,500 practitioners across 52 offices, with flagship hubs in Seattle, London, Sydney and New York
New hires were made in the finance, M&A, corporate, data and technology practices in London, Tokyo, New York, Washington DC and Chicago
We round up this week’s lateral hires at leading firms across Germany, the US, UK and Brazil
White & Case finance partner Kamran Ahmad and local partner Ryan Gawrych discuss the offtake, financing and execution challenges behind a deal centring on sustainable aviation fuel
Corporate partner Joanna Hewitt, who succeeds Ed Poulton, is the first woman to take on the role
Sarah Pearce, the firm’s first corporate partner in the City focused on data privacy, cyber security and AI, tells IFLR the move comes at a 'momentous' time for her practice
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Sponsored by Elias Neocleous & CoLibor [London interbank offered rate] is the primary benchmark, along with Euribor, for short-term interest rates around the world. Libor rates are calculated for five currencies and seven borrowing periods, ranging from overnight to one year, and are published each business day. Libor is based on submissions provided by a selection of large international panel banks. These submissions are intended to reflect the interest rate at which banks could lend one another unsecured funds. Many financial institutions, mortgage lenders, and credit card agencies set their own rates based on this. However, in 2017, the UK's Financial Conduct Authority (FCA) announced that after 2021 it would no longer require the panel banks to submit the rates needed to calculate Libor. Libor will no longer be published after the end of 2021, and market participants are urged to transition to alternative reference rates (ARRs). -
Sponsored by Bär & KarrerSwitzerland is generally an attractive business location from a tax perspective, however not when it comes to interest withholding tax on notes and bonds. The Swiss 35% withholding tax on interest payment is imposed not only on notes and bonds issued by Swiss borrowers, but can also, in certain circumstances, apply to notes and bonds issued by foreign group companies guaranteed by Swiss group companies.
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Sponsored by LPA LawChinese investment into France held steady in 2019 while it dropped across the rest of Europe. Raphaël Chantelot, Fanny Nguyen, Hubert Bazin and Nicolas Vanderchmitt of LPA-CGR avocats review the jurisdiction’s investment advantages
