Ashurst advises i newspaper owner as it puts itself up for sale

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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 […]

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 […]

Cross-border transactions with related parties on the tax radar in 2019

By Branimir Rajsic The Serbian Tax Administration (the “TA”) recently issued the annual plan on tax audits for 2019 (“Plan”), published on the TA’s website. According to the Plan, the focus will be on the following: taxpayers incorporated by non-residents with significant related-party transactions, in particular control of the application of double taxation treaty provisions, taxpayers […]

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Ashurst tempts back derivatives partner for innovation role

After just two years at the helm of Fieldfisher’s alternative legal services arm Condor, Christopher Georgiou has returned to Ashurst to help lead the firm’s delivery platform. Ahead of his move to Fieldfisher, Georgiou was a lawyer at Ashurst for 14 years from 2002 to 2016, which he joined as part of the newly-created derivatives & structured […]

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Ashurst client Royal Mail hit with £50m fine for competition breaches

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

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Ashurst advises on £800m take-private offer for Vedanta

Ashurst is advising on the possible buyout of Vedanta Resources, after Indian businessman Anil Agarwal indicated his intention to purchase the remaining shares in the company for nearly £800m. The firm is working with Volcan Investments, the vehicle through which Agarwal currently owns a majority stake in Vedanta. He has made an offer to take on the […]

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Ashurst back on form with double-digit PEP growth

Two years after reporting a 10 per cent slump in its average profit per equity partner (PEP), Ashurst is back on track, reporting double-digit PEP growth to £743,000 in 2017/18. The news marks a turnaround in the firm’s financial fortunes, as it is an 11 per cent uplift in PEP from £672,000 last year, and […]

Baker McKenzie

Bakers rebuked for shortcomings in #MeToo investigation

A review carried out by Simmons & Simmons into Baker McKenzie’s handling of a sexual misconduct incident has concluded that there were “shortcomings” in the way the case was handled. Bakers hired Simmons earlier this year to probe an incident six years ago, where an associate alleged that she was sexually assaulted by a Bakers […]

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