- What is the Corporate Counsel 100?
- How to nominate in-house counsel
- Top 100: Africa
- Top 100: Asia Pacific
- Top 100: Deutschland
- Top 100: Ireland
- Top 100: Latin America
- Top 100: Middle East
- Top 100: United Kingdom
- Top 100: United Kingdom - Rising Stars
- Top 100: United States
- Top 100: United States - Rising Stars COMING SOON
- How do the awards work?
- The Legal 500 United Kingdom Awards 2014
- The Legal 500 United States Awards 2014 - In-house winners
- The Legal 500 United States Awards 2014 - Law firm winners
- The Legal 500 Latin America Awards (coming soon)
- The Legal 500 Germany Awards (coming soon)
- Frequently asked questions
- Legal market overview
- Banking and finance
- Capital markets
- Corporate and commercial
- Dispute resolution
- EU and competition
- Energy and natural resources
- Information technology
- Insolvency and corporate restructuring
- Intellectual property
- Investment funds
- Media and telecoms
- Pensions and employee benefits
- Planning and environment
- Projects and PPP
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- Latin America: International firms
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- Sao Tome E Principe
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- St Barts
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- United Kingdom
- United Arab Emirates
- United States
Legal market overview
Ireland exited its three-year, €85bn EU-IMF bailout programme at the end of 2013. The country has undoubtedly strengthened its fiscal position – it has €20bn in the bank – but the mood within the legal community is one of cautious optimism rather than celebration.
The gradual economic recovery has been felt in legal practice. In 2012, the focus was on litigation, corporate restructuring, insolvency and professional indemnity. In 2013, the number of corporate insolvencies was down on the figures published for 2012, there were tentative signs of an upward trend in M&A activity, and the country continued to attract a significant flow of foreign direct investment. The government’s announcement of a programme of energy asset disposals has attracted considerable international interest, and the big players in the Irish legal market are expecting some significant transactions in the near future.
The Irish property market has also notably improved. In 2011, the total investment spend on Irish commercial property was €192m. In 2012, this rose to €600m, and the total spend in just the first six months of 2013 hit €610m. Following the government’s recent introduction of a legislative framework for real estate investment trusts, the first Irish REIT was launched in July 2013, and it is expected that more will be established to acquire property bargains before the next boom.
There was once a time when Ireland’s legal market was infamous for its slow, expensive and often uncommercial service, but those days are gone. Increased competition has made law firms hungry and ambitious, and client feedback is now awash with praise for business acumen, partner availability and value for money.
The legal landscape is dominated by the large, full-service firms – A&L Goodbody, Arthur Cox, Mason Hayes & Curran, Matheson, McCann FitzGerald and William Fry. Challenging their top-tier status are smaller but highly effective (and often international) firms which specialise in specific legal disciplines; standout examples are Dillon Eustace in investment funds, Walkers in capital markets, and Maples and Calder in an increasing number of its core practice areas, including corporate and commercial.
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The pharmacy sector has undergone considerable change in recent years, starting with the enactment of the Pharmacy Act in 2007. A common complaint is that pharmacists have come under increased pressure as a result of these regulatory changes and that greater administrative burdens have been imposed, for example in processing their claims under the various community drugs schemes operated by the State.
by Colin Hayes, Solicitor
by Frank O'Reilly, Partner
By Aoife Murphy, Partner and Robin Hayes, Associate
by Frank O'Reilly, Partner
On 23/06/11 the European Parliament adopted the new consumer Rights Directive which was proposed by the European Commission in 2008. This is the further step towards this Directive coming into effect. The transposition into national law is envisaged for the end of 2013.
Frequent viewers of the latest Hollywood films may be immune to it but Irish broadcasting bosses have traditionally never warmed to the idea of James Bond openly exhibiting the latest Aston Martin or BMW as part of the movie or the promotion of Absolut Vodka as part of the Sex and the City movie.
The Civil Partnership and Certain Rights and Obligations of Cohabitants Act, 2010 (“the Act”) was introduced into law on 01/01/2011. It brought into Irish law the concept of civil partnerships for same sex couples as well as certain rights for cohabiting couples.
Duncan Grehan&Partners have recently been selected to contribute to a survey carried out in all EU Member States to ascertain the practicability of the regulation 805/2004/EC.
In recent times the closure of businesses has unfortunately, become common due to trading difficulties.
On September 23, 2014, VEGAS LEX partner and head of the International Projects Group Yuriy Bortnikov spoke before an audience of major venture funds and IT companies including Facebook, LinkedIn and Survey Monkey in Palo Alto, California. His presentation Doing Business in Russia: Essential Legal Matters was devoted to the legal specifics of the Russian environment for business.
Hengeler Mueller advises arrangers and underwriters on financing of planned acquisition of Sigma-AldMerck, a leading company for high-tech products in the pharma, performance materials and life science sectors, and Sigma-Aldrich, also a leading life science and technology company, today announced that they have entered into a definitive agreement under which Merck will acquire Sigma-Aldrich for €13.1bn (converted). A USD 15.6bn bridge financing has been secured for the all-cash transaction. The final financing structure will comprise a combination of cash on Merck's balance sheet, bank loans and bonds. Deutsche Bank, J.P. Morgan and Société Générale acted as arrangers and underwriters in respect of the financing transaction. Closing is expected in mid-year 2015, subject to regulatory approvals, approval by a special shareholders' meeting of Sigma-Aldrich and other customary closing conditions.
AstapovLawyers is pleased to announce it has become an official legal partner of the Ukrainian Tennis Federation. AstapovLawyers will provide full legal support to the Federation including advice on on-going matters, drafting and negotiating contracts, employment, tax and corporate issues. AstapovLawyers has become the first law firm to act as an official legal partner of the Ukrainian Tennis Federation.
The plenary session of the PharmaStrategies-2015 conference focused on several key issues including a planned international pharmaceutical market information system for anti-monopoly regulators, changes in the federal law o n circulation of medicines and the application of the law on public procurement contracts system.
On September 29, 2014, the Government of the Russian Federation and RT-Invest Transport Systems signed a concession agreement on one of the largest investment projects in Russia to introduce a tolling system for vehic les heavier than 12 metric tons.
VEGAS LEX managing partner Alexander Sitnikov spoke at a conference sponsored by the Khanty-Mansiysk Non-State Pension Fund focused on Russia's pension system and relevant federal legislation earlier this month.
This Client Briefing has been prepared for the assistance of directors of investment funds listing "equity securities" as defined in Chapter I of the listing rules (the Listing Rules) of the Channel Islands Securities Exchange (the Exchange) under Chapter VII of the Listing Rules. This Briefing sets out certain of the continuing obligations which an issuer is required to observe once any of its securities have been admitted to listing. This Client Briefing should be read in conjunction with the ‘Channel Island Securities Exchange - Listing of Securities of Investment Funds' Briefing.- Ogier
Following the opening of our offices in Lugano in 2013, Walder Wyss has further expanded its operations with the opening of new offices in Basel. We warmly welcome our new team which consists of 12 experienced legal professionals and 9 staff members.
The Delhi High Court in case of DIT v Panalfa Autoelektrik Ltd: 49 taxmann.com 412 , held that export commission for arranging export sales could not be considered as consideration for providing managerial, consultancy or technical services, and therefore would not be taxable in India.
Boult Wade Tennant is delighted to announce the firm has maintained our top tier rankings in leading industry directory: The Legal 500 in both the patent and trade mark categories.