Tyco settles largest-ever securities class action

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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Lindahl lands Nordic stock exchange GC for M&A privatisation push

Swedish independent firm Lindahl has made a push into the public M&A sector with the hire of Mats Beckman, general counsel at the OMX Nordic Exchange. The firm is looking to pick up key roles on a wave of privatisations being readied by the Swedish Department of Industry. Eva-Maj Mühlenbock, managing partner at Lindahl, said: […]

Freshfields usurps Slaughters for £7.85bn Hanson prize

Freshfields Bruckhaus Deringer and Macfarlanes have both won new clients to score key roles in the £7.85bn takeover of building materials company Hanson by German rival HeidelbergCement, announced this week. Freshfields is advising Hanson, which is a prized client of Slaughter and May, Jones Day and Norton Rose among others. Corporate partner Will Lawes is […]

Nabarro posts 13 per cent revenue hike

Nabarro boosted turnover by 13 per cent in the last financial year and expects a 20-plus percentage point increase in average profit per equity partner (PEP). If the firm has achieves the PEP increase it will have hit its target of reaching £500,000 by the end of the 2006-07 financial year. Last year PEP stood […]

Litigation slump sees judiciary rewriting the record books

There is a general consensus within the legal profession that there has been a downturn in commercial litigation, the judiciary claimed otherwise last week, but now it is not so sure. The Commercial and Admiralty Courts’ annual report, released last week (10 May), trumpets the fact that the courts used 1,043 days for trials in […]

Tax relief

Russia’s tax system is undergoing a raft of changes designed at improving both its procedures and fairness, but there is still more to be done. By Oleg Konnov The Russian Ministry of Finance has recently declared that the tax reform launched in 1998 is almost complete. The Tax Code of the Russian Federation, based on […]

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