Jones Day

International Top 30 position: 14
International 50 position (Asia-Pacific): 12

Recommendations of the expert committee on the Indian General Anti-Avoidance Rule: a welcome step

On 1 September 2012, the Shome Committee, which was constituted by Indian Prime Minister Manmohan Singh to review the General Anti-Avoidance Rule, submitted its 108-page Expert Committee Report to the Indian Government. The Committee recognized the GAAR’s adverse impact on foreign investment in India and proposed safeguards to prevent the Indian tax authorities from applying the GAAR indiscriminately. It also proposed a three-year delay to the implementation of the GAAR and the grandfathering of existing investments. The Committee is scheduled to submit finalised guidelines and an implementation roadmap by 30 September 2012.

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Briefings from Jones Day

  • Jones Day Graduate Recruitment Brochure 2013–14

    Jones Day operates a different training system to most City firms. Understanding how it works and why the firm doesn’t just follow the crowd is key to understanding whether it’s a system that’s for you.

  • US DoJ and SEC guidance on the Foreign Corrupt Practices Act

    For the past 10 months, the US Department of Justice and the Enforcement Division of the Securities and Exchange Commission have advised the public that they are in the process of drafting guidance for companies regarding the requirements of, and prohibitions within, the US Foreign Corrupt Practices Act.

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Analysis from The Lawyer

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    When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.

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Overview

21 Tudor Street
London
EC4Y 0DJ
UK

Firmwide turnover: $1.5bn
Global lawyers 2013: 2,400
Offices: 40
Jurisdiction: US
No. of offices: 8
No. of qualified lawyers: 224 (International 50)

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