In brief: Midlands correction

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Gowling advises Cairngorm Capital on acquisition of MJ Wilson Group

International law firm Gowling WLG has advised client Cairngorm Capital Partners LLP (Cairngorm Capital) on the acquisition of M J Wilson Group Limited (MJ Wilson), the leading independent UK distributor of process instrumentation and control products. The transaction was led by Corporate, Finance and Tax partner Ian Piggin, Jade MacDonald and Stephen Bowman with support […]

Tikit enhances UK sales team

To deal with growing client demand Tikit expands its sales team with the appointment of former IT Lab employee Craig Dootson.  Craig has vast experience of the IT industry having worked across multiple areas including licensing, thin client technology, cloud hosting and Office 365.

Cedarlake acquires majority share of BMF

Cedarlake Private Equity Fund I, advised by Rantum Capital, has acquired from Argos Soditic Funds the majority of BMF Group AG, the world’s third-largest ropeway manufacturer with more than 320 employees in Switzerland. Vischer advised Cedarlake and Rantum. The team led by partner Dr. Robert Bernet comprised Dr. Peter Kühn, Sebastian Flückiger, Ruben Masar, Aron […]

Pensions in 30 Podcasts, episode 27: Termination of employment and pension losses

By Ian Chapman-Curry Key Points Calculating pension loss can be complex, especially where the employee was in a defined benefit pension scheme. The Employment Tribunal service published a 2003 guidance note which suggested two methods for approximating pension loss without the need for actuarial advice, but this guidance has now been withdrawn. During April and […]

Ogier in Luxembourg advises Echo Energy on £20m bond issue

Ogier has provided Luxembourg advice to Echo Energy plc (Echo Energy) on the raising of £20m through an issue of bonds listed on the Luxembourg Stock Exchange Euro MTF Market. Echo Energy plc is a London listed Latin American focused mid-cap oil and gas company pursuing a high value piped onshore gas strategy across South […]

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Euro court rules out fees VAT recovery

A European Court has ruled that VAT on UK corporate lawyers’ fees cannot be recovered. The judgement supports the view of HM Customs & Excise which, since 1989, has meant UK businesses pay 17.5 per cent more for their lawyers than their European counterparts. It was made despite the fact that most continental countries have […]

In brief: IBA hosts next finance seminar in Milan

The International Bar Association will hold its 12th annual seminar on International Financial Law in Milan next month. The seminar, which runs from 10-13 May, will include presentations on project finance, new Euro-market products, bank guarantees and other on-demand payment instruments. For further information contact the IBA on 0171 629 1206.

Ruling paves way for tax challenges

LONDON firm John Singh & Co has lost its High Court fight against swingeing taxation of a legal aid bill for defence at a Southwark Crown Court fraud trial. The case represents a signpost ruling that the decisions of taxation masters can be susceptible to judicial review, although Mr Justice Latham made it clear the […]

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