Careers: In brief

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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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Deals round-up

Skadden Arps Slate Meagher & Flom, led by Walter Henle and Matthias Jaletzke, has scooped its second deal for Apax Partners. The firm advised the private equity house on its sale of German restaurant chain Nordsee. Skadden won recent Apax work as a result of its four-partner raid on Baker & McKenzie last year. Nomura […]

Partner exits, failed merger and debt killed off Brobeck

Brobeck Phleger & Harrison fell apart in 2003 under the combined pressures of a mass exodus of partners, failed merger talks and a heavy debt burden. When it came, the end was remarkably swift. On Wednesday 29 January 2003, the West Coast firm lost Texas-based Steven Zager, a major Brobeck rainmaker and head of the […]

Sidley scoops role on Kensington Mortgages’ £400m securitisation

Sidley Austin Brown & Wood has stated its intention to muscle in on longstanding Linklaters client Kensington Mortgages after assisting with a £400m mortgage-backed securitisation offered through the group’s offshoot Money Partners Securities. The US firm has been trying to develop a relationship with Kensington since structured finance partner Richard Hughes, who had a relationship with the […]

Orrick hires Lewinsky’s adviser in Clinton battle

Orrick Herrington & Sutcliffe has hired Monica Lewinsky’s former lawyer Preston Burton, uniting him with former adversary and Bill Clinton adviser Lanny Davis in Orrick’s Washington DC litigation department. Burton joins Orrick from Caplin & Drysdale, but it was while he was a partner at the Law Offices of Plato Cacheris that he snared his […]

Freshfields boosts Permira links with billion-euro deal

Freshfields Bruckhaus Deringer has shored up its relationship with private equity house Permira on the purchase of pan-European TV and radio broadcaster SBS Broadcasting. Freshfields, which handles the bulk of Permira’s German work, has had to face a challenge from Clifford Chance (CC) for German mandates in recent times. Earlier this year Permira instructed CC’s […]

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