Gibson Dunn’s Geffen: US firms at point of no return

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Latest Briefings

Adjudication decisions: Avoiding enforcement where the money may disappear

By Michael Bennett The losing party in an adjudication always asks one question – do we really have to pay?  In most cases the answer will be yes, but the list of reasons for saying no just got slightly longer. The recent Court of Appeal case of Gosvenor London Limited v Aygun Aluminium UK Limited [2018] EWCA […]

Data Protection Officer: Bar Association makes announcement on overlapping roles

The General Council of the Portuguese Bar Association («PBA») has finally announced its position on the situation of lawyers who act as Data Protection Officers («DPOs»). This announcement clarifies the PBA’s understanding on holding the position of DPO while practising as a lawyer. The PBA’s position appears in Opinion no. 14/PP/2018-G, published on 28 September […]

Cayman Islands economic substance requirements

By Nick Rogers, David McIntyre From 1 January 2019, new legislation will come into effect in the Cayman Islands, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in Cayman. The International Tax Co-operation (Economic Substance) Law, 2018 was passed on 17 December 2018, after an extensive process of consultation with the EU […]

Accountant work product not privileged and must be produced to CRA

By Stevan Novoselac, Josiah Edwards Davis In Canada v. Atlas Tube Canada ULC, the Federal Court (FC) ordered a draft due diligence report  prepared by Ernst & Young LLP (Canada) to be produced to the Canada Revenue Agency (CRA). The Minister of National Revenue applied to the FC, pursuant to section 231.7 of the Income Tax Act (Canada)1, seeking an […]

Should employers inform employees about pension benefits

By Liz Wood Pension schemes can often appear difficult to understand for many employees; a reflection, perhaps, of a more widespread lack of engagement with financial savings and planning. The question then frequently arises: how far does an employer’s duty to inform employees about pension benefits extend? In the next of our back to basics […]

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Walker Morris advises consumer gadgets brand RED5 on its sale to Menkind

Corporate lawyers at Walker Morris have advised Hull-based consumer gadgets brand RED5 and The Source Wholesale on the sale of their shares to Menkind Group. As part of the acquisition, Menkind, the UK’s leading multi-channel niche gifts and gadgets retailer, intends to retain RED5’s existing stores, warehouse and offices, plus its 220 staff. The original founders Jonathan Elvidge […]

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