Latest Briefings

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple’s Irish tax structure, annulling the 2016 decision of the European Commission (EC). As a result, Ireland is at present not obliged to reclaim the amount of EUR 13 billion from Apple. The decision is not yet final due to the EC’s right to appeal.

Service out: helpful rulings for claims involving international finance

In the recent related cases of Punjab National Bank International Limited v Vishal Cruises (Private) & others and Punjab National Bank International Limited v Passat Kreuzfahrten GmbH & others, the defendants’ challenges to jurisdiction were rejected. In so doing, the English Commercial Court provided helpful rulings for international banks in the context of applications to serve proceedings out of the jurisdiction, including the place for performance of guarantees, compliance with laws local to the finance obligors, and in relation to service under the Hague Convention.

Furloughed employees redundancy pay protected

The government has announced that it is introducing a new law which will require that redundancy pay for employees on furlough leave is based on their normal rate of pay.

Recommended

Two’s a crowd

Larger firms suggest conflicts are getting out of hand. Which is why the courts are seeking a compromise between client confidentiality and the realities of business. By David Halpern The dispute between Marks & Spencer (M&S) and Freshfields Bruckhaus Deringer this year raised fundamental questions about the role of solicitors in the 21st century. Are […]

Ashurst elbows out Linklaters on Sportingbet

Ashurst has pushed aside Linklaters to scoop its first major corporate deal for new client Sportingbet, the world’s largest online betting company. The City firm is advising Sportingbet in relation to the £169.1m acquisition of Paradise Poker – one of the four largest internet poker sites – and the placing of 54,545,454 new ordinary shares […]

MBR&M conflict gifts Nabarros Sloane deal

Nabarro Nathanson advised Sloane Blackfriars Limited on its £170m acquisition of Unilever House after Mayer Brown Rowe & Maw (MBR&M) was forced to pass on the instruction because of a conflict of interest. An insider at MBR&M confirmed that Sloane Blackfriars had originally approached the firm regarding the sale and leaseback of the landmark Unilever […]

Freshfields offers partnership to lure Shearman capital markets star

Freshfields Bruckhaus Deringer has poached Shearman & Sterling finance counsel Linda Hesse as partner for its Paris office, a rare example of an associate being hired straight into the partnership. The firm took on Linklaters’ banking and restructuring associate Chris Howard in January, its first ever associate hire into the partnership in London. It is […]

Richards Butler hires insurance ace for London

Richards Butler has bolstered its insurance and reinsurance group with the lateral hire of Hill Dickinson partner Chris Zavos, who joins as a partner in London. Zavos has expertise in the marine and energy insurance sectors. At Hill Dickinson, Zavos advised underwriters on coverage issues in a broad range of hull, cargo, energy, yacht, construction […]

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