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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Celeb baiting: Paul Drummond, Quintessentially

When Paul Drummond left Norton Rose to set up exclusive members’ club Quintessentially, his colleagues at the firm thought he was mad. But with clients such as Jennifer Lopez on his books, it proved well worth the risk. Hidden away at the end of one of Soho’s lesser-known lanes is Quintessentially. If that means nothing […]

Fishburns

UK 200 Position: 171= Turnove… Position: 160Firm: Fishburns Turnover: £11.1mRevenue per fee-earner: £147KRevenue per lawyer: £221KRevenue per partner: £789KTotal number of fee-earners: 75Total number of qualified partners: 50Total number of partners: 14Total number of female partners: 2Total number of staff: 115

Field Fisher Waterhouse

UK 200 Position: 40 Position: 32 Firm: Field Fisher Waterhouse Turnover: £88mProfit per equity partner: £750KEarnings per partner: £317KEquity spread: £300K-£1KKNet profit: £26mProfit margin: 30 per centRevenue per fee-earner: £203KRevenue per lawyer: £250KRevenue per partner: £765KRevenue per equity partner: £2.44mTotal number of fee-earners: 434Total number of qualified partners: 352Total number of partners: 115Total number of […]

Taylor Wessing loses Nixon Peabody US court fight

Taylor Wessing loses Nixon Peabody US court fight” />Nixon Peabody today won its case against Taylor Wessing France (TWF), paving the way for 13 French partners to join the US firm. As reported by The Lawyer on Monday (15 September), the two firms had agreed to seek summary judgment from the New York State Supreme […]

Taylor Wessing v Nixon Peabody judgment due

Taylor Wessing v Nixon Peabody judgment due” />Nixon Peabody and Taylor Wessing France (TWF) will this week learn the outcome of a court case resulting from botched merger talks between the firms. The two firms agreed to seek summary judgment from the New York State Supreme Court, with judge Justice Kenneth Fisher expected to deliver […]

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