On 9 May, the UK government announced it was targeting Russia and Belarus with a 35% increase in import tariffs to be imposed on precious metals, including platinum and palladium. It also announced a ban on exports, including chemicals, plastics,
On 4 May 2022, the UK government announced[1] a ban on UK persons or entities exporting certain professional services to Russia, prohibiting Russian businesses from benefitting from these services.
The May 2022 issue of Greenberg Traurig’s Competition Currents is out, highlighting significant developments in global antitrust and competition law for clients and colleagues.
In a hearing yesterday, 6 April 2022, the High Court considered an application of the directors of VTB Capital PLC (VTB UK) for the appointment of Teneo Financial Advisory Limited as administrators.
In a judgment handed down by Marcus Smith J, the High Court Judge (Chancery Division) held that the Claimants’ claims brought against Tradition Financial Services Limited (TFS) in dishonest assistance and certain of the Section 213 claims were time-barred. Greenberg
This GT Alert provides an analysis of the UK’s corporate rescue tools: The Company Voluntary Arrangement, the Scheme of Arrangement and the Restructuring Plan.
On 30 March 2022 the English High Court sanctioned a restructuring plan proposed by Smile Telecoms Holdings Limited pursuant to Part 26A of the Companies Act 2006. Greenberg Traurig, LLP advised the Super Senior Lender, 966 CO. S.à r.l. (966) which
The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on ownership and control. If a person or entity is on the UK sanctions list (known as a “designated person”), their assets will be frozen. This extends to
This GT Advisory looks at the types of claims UK businesses, their directors and shareholders may be involved in over the next few years, including allegations of breach of directors’ duties, unfair prejudice petitions and breach of contract.
As anticipated, the Economic Crime Bill was passed and became the Economic Crime (Transparency and Enforcement) Act 2022 on 14 March 2022. Overseas entities, their beneficial owners and officers may take steps now to consider whether they are required to