Latest Briefings

‘Tax Day’ – government continues its campaign to tackle non-compliance

In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.

Fraud in the sub line market – should we be concerned?

In recent weeks, news of the JES Global Capital fraud committed by fund manager Elliot Smerling has come to light. Unfortunately, we live in world where fraud, much like death and taxes, is inevitable.

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Bryan Cave Leighton Paisner, BCLP

BCLP partner to pursue phone-hacking claim against Mirror Group

A decade since launching an initial phone-hacking claim against News Group, Bryan Cave Leighton Paisner (BCLP) disputes partner Graham Shear is pursuing a separate lawsuit against Mirror Group Newspapers (MGN), The Lawyer can reveal. Shear has instructed Shoosmiths and 5RB’s David Sherborne for his claim against Mirror Group, which was issued in June 2020, while […]

magazines

Reed Smith and A&O lead on New Scientist sale

Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]

saudi arabia

Clydes permitted to hold onto PetroSaudi funds over prosecution fears

Clyde & Co would be at “risk of criminal prosecution” if it was to hand over funds held in an escrow account for PetroSaudi Oil, a judge has ruled, as multiple authorities claim the funds are connected to the 1MDB scandal. The dispute is a spin-off from the 1Malaysia Development (1MDB) fraud investigation, with anti-corruption […]

Barrister of the week: One Essex Court’s Kenneth MacLean QC

Alongside a stellar cast list including barristers from Brick Court, 3VB and Fountain Court, One Essex Court’s Kenneth MacLean QC (Call: 1985 Silk 2002) obtained a positive judgment for his client Alexander Yaroslavsky in a dispute that has been rumbling on since 2016. The case was brought by oil giant PSJC Tatneft, against four Ukrainian […]

Los Angeles

A&O wades into LA with Akin Gump team hire

Allen & Overy has launched an office in Los Angeles, following in the footsteps of magic circle rival Freshfields Bruckhaus Deringer which opened in the region last year. The magic circle firm has hired 19 lawyers from Akin Gump’s project finance and renewables practices across Los Angeles, New York and Washington DC, co-led by partners […]

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