Dorsey boosts Brussels office with Trenité hire

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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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CC thrashes out future management

Clifford Chance’s board is locked in discussions to decide which partners will become the next generation of management. The board spent last Friday (19 January) in a late-night meeting in Hong Kong. One of the topics addressed was the management succession. The issue is the subject of much speculation within the firm. One insider confirms […]

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“When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist.” With this comment, Brazilian priest Dom Hélder Câmara touches on the controversy felt by some UK organisations which undertake humanitarian or other worthwhile relief, but which are not charities […]

CMS teams unite on Ision sale

CMS Cameron McKenna and its German member firm CMS Hasche Sigle Eschenlohr Peltzer Schäfer are acting on the sale of Germany’s largest internet company. UK firm Energis is buying Distefora Holding’s 75 per cent stake in Ision Internet, a Neuer Markt listed company, for just under £500m. The deal, which is due to be completed […]

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Hedge funds seem to be the latest recipe for institutional investment success, generating even more work for excited law firms. However, some argue that the risk outweighs the return. They might not currently be available in the retail sector, but a number of banks and traditional asset managers are launching their own products. So are […]

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