Latest Briefings

Prepare to have right on your side when making efficiency savings

As the UK officially enters recession, we are seeing perhaps the toughest landscape in the corporate world for over a decade. With so many decisions to be made to protect the buoyancy of their business, especially as government support schemes gradually come to an end, many employers are finding themselves in a difficult place. On the one hand, they want to value and protect the staff who have succeeded over the past few challenging months but, at the same time, many are finding redundancies in certain business areas inevitable. So how do they navigate this territory and ensure they keep the business going while doing the right thing?

Webinar: Employee Ownership Trusts: Efficient exits on an owner’s terms

Selling a business is perhaps the most critical moment in an owner’s life with their company. The process of finding a buyer and agreeing a price can be drawn out, stressful – and with forthcoming changes to Capital Gains Tax (CGT) – may involve writing a substantial cheque to HMRC. For many owners, there may be another way, by utilising a HMRC-approved Employee Ownership Trust (EOT) to sell their business.

Luxembourg companies allowed to hold virtual meetings until 31 December 2020

With the aim of allowing more flexible governance measures, Luxembourg has passed another law extending the possibility to hold board and shareholders’ meetings in companies and other legal entities[1] remotely up to and including 31 December 2020. The Law[2] was published in the Official Journal on 23 September 2020 and will enter into force on 1 October 2020 (the New Law).

Recommended

CC fashion tweak

Tulkinghorn’s hacks were treated to an exclusive visit to one of London fashion week’s shows, courtesy of Clifford Chance. As well as getting a sneaky peak at next spring’s must-have fashion items on the catwalk, the team was treated to canapés and champagne at the members-only Kingsley Club and a presentation from stylist company Colour […]

Appleby enhances Jersey corporate group

Offshore giant Appleby has expanded its Jersey-based corporate and commercial practice with the appointment of two lawyers. Alastair Drummond, who specialises in property finance and banking law, joins as an advocate from Channel Islands rival Carey Olsen. Meanwhile, Sarah Bolton has relocated from Appleby’s Cayman Islands office. She joins the Jersey office as counsel, focusing […]

Links parachutes Tucker into NY as firm looks to conquer US

Linklaters‘ London-based global head of finance and projects John Tucker is relocating to New York to become the firm’s managing partner for the Americas. Tucker, who was originally seen as a favourite to succeed Tony Angel as firmwide managing partner, will assume the role of the Americas chief with responsibility for the New York and […]

Inside’s out

The Supreme Court’s overturning of the High Court’s not-guilty verdict on Ireland’s most famous insider dealing case is a crucial victory for businesses, say Conor McDonnell and Keith Smith “It used not to be considered any sort of sin to profit financially from the use of secret, private or privileged information. That was how fortunes […]

Survey reveals dissatisfaction of hourly billing with in-housers

In-house lawyers have hailed the C&I Group/BDO Stoy Hayward survey on law firm billing as a positive development in the ongoing debate on external counsel fees. As first reported on www.thelawyer.com (26 September), the survey revealed that 97 per cent of in-house lawyers pay their firms using the hourly billing method, with 94 per cent […]

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