Hextalls

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Latest Briefings

Supreme Court upholds NCLAT judgement ruling that insolvency proceedings may be invoked against corporate guarantor before proceeding against the principal debtor

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

Cross-border transactions with related parties on the tax radar in 2019

By Branimir Rajsic The Serbian Tax Administration (the “TA”) recently issued the annual plan on tax audits for 2019 (“Plan”), published on the TA’s website. According to the Plan, the focus will be on the following: taxpayers incorporated by non-residents with significant related-party transactions, in particular control of the application of double taxation treaty provisions, taxpayers […]

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Focus: Ladies in waiting

The Lawyer UK 200 Annual Report 2008 shows that women are increasingly making partner – but what about the equity? Female equity partners in the West End are few and far between. In the top 100 law firms listed in the The Lawyer UK 200, there are only 10 women partners with equity in the […]

Sullivan & Cromwell gets AIG rescue mandate

Sullivan & Cromwell gets AIG rescue mandate” />US insurance giant AIG has drafted in Sullivan & Cromwell to advise it on its $20bn (£11.1bn) lifeline from New York state regulators. The facility will allow AIG to borrow money off its balance sheets using its subsidiaries as security and it is understood that further emergency funding […]

Merger spawns major new CEE player

Czech firm Procházka Randl Kubr (PRK) has merged with Hungary’s Bellák & Partners to create a new powerhouse in the Central and Eastern Europe market. Operating under the PRK brand, the merged firm will have offices in Prague, Bratislava and Budapest. The merged firm will boast more than 120 fee-earners and 60 ­support staff, making […]

Pictons

UK 200 Position: 186= Turnover:… Position: 194Firm: Pictons Turnover: £6.7mRevenue per fee-earner: £93KRevenue per lawyer: £172KRevenue per partner: £479KTotal number of fee-earners: 72Total number of qualified partners: 39Total number of partners: 14Total number of female partners: 4Total number of staff: 138

Shoosmiths unseats Pinsents for NEC

The National Exhibition Centre (NEC) has severed its 30-year relationship with Pinsent Masons, selecting Shoosmiths as its main legal adviser instead. The National Exhibition Centre (NEC) has severed its 30-year relationship with ;Pinsent ;Masons, selecting Shoosmiths as its main legal adviser instead. General counsel Keith Marriott took over the NEC’s top legal role last year and launched […]

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