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Maranello Rosso Limited v Lohomij BV and others

On 6 September 2021, the High Court struck out a £70 million conspiracy claim relating to the purchase and sale of a world-renowned collection of classic Ferraris.

BVI Economic Substance – ITA commences audit process

Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the passing of the deadline for the first filings thereunder to be made by BVI entities, the BVI International Tax Authority (ITA) has now begun making targeted audit requests to verify the “relevant activities” carried out by BVI entities which have made their mandated economic substance filings.

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Gibson Dunn corporate partner exits for Baker Botts

Baker Botts has brought in Gibson Dunn & Crutcher partner Nigel Stacey to its corporate team, as it seeks to expand its M&A practice in the City. Stacey was one of several corporate partners to defect from Ashurst to Gibson Dunn in 2014, coming just after Jonathan Earle, and ahead of Charlie Geffen and Mark […]

HSF reacts to lockdown living with new agile working rules

Becoming the latest City firm to take additional steps to embrace remote working, Herbert Smith Freehills is to bring in a new agile working policy that will see employees spend an average of 60 per cent of their time in the office. This new policy will allow staff to work from home for just under […]

London Bridge

Property dispute against Clydes gets go-ahead after High Court ruling

Parallel lawsuits against Clyde & Co and Deloitte will go ahead after the High Court ruled that the property dispute can proceed to a substantive hearing. The disputes centre around a property business that came out of insolvency in 2015. The claimants, Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL), owned several properties until […]

taxes VAT calculating money

Clarke Willmott makes use of Covid-19 tax scheme

Clarke Willmott is the latest UK200 firm to confirm that it is deferring tax payments until next year given the financial challenges posed by Covid-19. By joining the likes of Watson Farley & Williams in taking advantage of the UK Government’s deferral schemes, Clarke Willmott is pushing back July’s partnership tax payment until January, while […]

New York Stock Exchange

Cleary duo launch tech tool for capital markets lawyers

Cleary Gottlieb Steen & Hamilton is piloting a new tool created by two of its associates to help lawyers and in-house teams with regulatory disclosure and filing documents. John Kwan and Mohamed Taha have set up the product. Both have worked at Cleary for around five years before making moves to set up their new […]

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