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.


Lovells checks in for Deloitte to aid on buy-to-let hotel group wind-up

Lovells has been drafted in by liquidator Deloitte to advise on the administration of buy-to-let hotel group GuestInvest. The company, which allowed private individuals or businesses to buy a ­luxury hotel room and earn money from the rental income, went into administration at the start of the month. The Lovells team, which is advising Deloitte […]

Federal reserve leaves Wachovia deal in stasis

It was literally a last-minute intervention. At 11.59am on Wednesday 8 October, the Federal Reserve extended its standstill on Citigroup’s lawsuit over Wells Fargo’s bid for US bank Wachovia. Wachovia’s lawyers at Boies Schiller & Flexner, Citigroup’s litigators at Gregory P Joseph Law Offices and Wells Fargo’s lawyers at Wachtell Lipton Rosen & Katz were […]

Know your rights

If you have been given the unfortunate news that you are “at risk” of redundancy what are your entitlements? And what should you do if you believe your rights have been breached? Here’s a quick guide. 1. Consider whether you are part of a pool of employees identified by your employer (“the selection pool”) or […]


Law ambiguous if client money gets lost in the crunch

Trawling through the Solicitors Account Rules (SAR) is not fun, even for a hardened managing partner, general counsel or director of risk. But that is exactly what most of them have been doing in the past few weeks in an attempt to deal with the possibility that the money held by law firms in client […]

Clegg Manuel

For a small property firm founded just eight years ago, these could be dangerous times. But being small has its advantages, says Simon Manuel, joint ­managing partner at Clegg Manuel. The Clerkenwell-based firm is on the edge of the cloud – both geographically and economically – that has formed over the City, and is a […]

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