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.

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Protection against corporate crime

Commercial litigators frequently have to advise corporate clients on what to do about an employee suspected of criminal conduct. Employees who are placed in positions of trust and responsibility sometimes give in to temptation and, putting their own interests ahead of their employer’s, accept backhanders or resort to skimming. In these situations the commercial litigator […]

Placements

CMS Cameron McKenna’s Hong Kong office advised Intcera High Tech Group on its Growth Enterprise Market listing on the Stock Exchange of Hong Kong. The offering raised over HK$144m (£12.3m). Corporate partner Gordon Ng acted with a team of two on the deal.

Cloisters invests in employment team

De-merged civil set Cloisters will welcome two civil practitioners and a new practice director in September. Senior junior Simon Dyer from Plowden Buildings and Declan O’Dempsey from the recently merged set Coram Buildings are both joining Cloisters. Dempsey, whose current set is headed by former Cloisters tenant Roger McCarthy QC, is a specialist in employment, […]

Placements

CMS Cameron McKenna’s Hong Kong office advised Intcera High Tech Group on its Growth Enterprise Market listing on the Stock Exchange of Hong Kong. The offering raised over HK$144m (£12.3m). Corporate partner Gordon Ng acted with a team of two on the deal.

News in Brief

DLA has been appointed to act for KPMG in the liquidation of the international engineering group TransTec. The company has 28 subsidiaries, 16 of which are still active, but so far only the holding company, TransTec, is going into liquidation. Partners Myles Halley and Richard Hassall are acting on behalf of KPMG and Jeremy Bowden […]

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