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Latest Briefings

Supreme Court upholds NCLAT judgement ruling that insolvency proceedings may be invoked against corporate guarantor before proceeding against the principal debtor

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Start making your Jersey will online today

By Julie Melia, Victoria Grogan, Fiona Lilleyman, Stephanie Button It is estimated that two thirds of the population of Britain do not have a valid will, and experience suggests that the figures are similar in Jersey. Whether it’s because they presume their assets will automatically go to certain people after they pass away, or because […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

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Jones Day bolsters Europe practices with five partners

Jones Day Reavis & Pogue has boosted its Paris, Madrid and Belgian offices with the recruitment of five new partners. The firm’s Madrid office takes on two-partner competition practice G&J Abogados, while the Paris office is gaining two corporate partners from Stibbe Simont Monahan Duhot. Stibbe partners Oliver Edwards and Jean-Marc Franceschi will join the […]

Competition lawyers slam EC over BA-KLM merger failure

The European Commission (EC) is under attack from lawyers over its handling of the proposed merger between British Airways (BA) and KLM. The now defunct talks between the carriers, which would have resulted in a £5bn merger, fell through on 21 September following two and a half months of negotiations, after both sides failed to […]

This week

International Development Secretary Clare Short is fighting a Cabinet battle to have her reforms to end world poverty through overseas aid enshrined into law in the next session of Parliament. Her department is drafting the first international development act for over 20 years.

The Leader Column

When US firm Cravath Swaine & Moore billed Time Warner $35m for advising on its merger with AOL earlier this year, the envy over here was palpable. City firms might have balked at the risky contingency element that was part of that bill, but at the same time, many are increasingly chafing at time-based billing. […]

All the crime in the world

On 30 November 1998, Britain signed the Rome Statute, an international treaty that establishes a permanent International Criminal Court (ICC) at the Hague in The Netherlands. On 25 August 2000, the Government published its Draft International Criminal Court Bill, the legislation necessary to enable the UK to meet its obligations under the treaty, and to […]

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