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- Top 100: United States - Rising Stars
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- The Legal 500 United Kingdom Awards 2014
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- The Legal 500 Latin America Awards (coming soon)
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- Frequently asked questions
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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.
VEGAS LEX experts discuss Russian roads and PPP projects at the fifth international specialized exhiRoad 2014, the 5th international specialized exhibition and forum held in Moscow earlier this month and attended by VEGAS LEX, focused on effective development mechanisms for Russia's public road system and on legal aspects of public-private partnership projects
The VEGAS LEX law firm has held a seminar, Signing a Concession Agreement: an Insider's Insight , for the staff of Bank of Moscow legal department and business divisions.
Julia Tormagova, head of VEGAS LEX Commercial Group, will speak about trends in the law enforcement practice on the market for pharmaceuticals in 2014.
Popov & Partners Law Office was chosen by Ministry of Finance once again for consultant service of MPopov & Partners Law Office is finishing successfully and before the appointed time, its work on concluded in May 2013 contract with Ministry of Finance for conducting subsequent control of public procurements financed by Operational programme "Administrative capacity". As a result of the quality and effective implementation, in the beginning of September 2014, Ministry of Finance entrusted a second time team of the Law Office for implementing activity for subsequent control of public procurements financed by Operational programme "Administrative capacity", as choose Popov & Partners Law Office for executor of a public procurement. Term of the second contract concluded with Ministry of Finance is until the end October 2015. During its implementation, Popov & Partners Law Office will aim increasing transparency and efficiency in the field of implementation of projects, financed by European social fund, and will contribute for lawful utilizing of funds on Operational programme "Administrative capacity".
Goltsblat BLP , the Russian practice of the leading international law firm Berwin Leighton Paisner (BLP) , is providing the Italian clothing brand TWIN-SET Simona Barbieri with legal support for its entry on to the Russian market, including setting up a joint venture and opening a number of own-brand stores across Russia.
Leading Hungarian law firm, Lakatos, Köves and Partners, has been advising Bayerische Landesbank ("BLB") on the sale of its Hungarian subsidiary MKB Bank Zrt. which closed on Monday 29 September 2014.
Kyiv, 17 October 2014 - AstapovLawyers has advised Lexmark International Technology S.A. (Switzerland) on legal matters pertaining to the signing of distribution agreement with a Ukrainian company. The advice included review and adjustments of the wholesaler contract, drafting arbitration clause and on Ukrainian law matters applicable to the contract.
Zavadetskyi Advocates provided for tax clearance of the transaction for cross-border transfer of the loan portfolio from the balance sheet of the Ukrainian bank to the balance sheet of the UK bank of a Greek banking group. As a result of this work an official tax clarification has been obtained that allowed favorable conditions for the transaction.
Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:
Kyiv, 2 September 2014 – Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.