Mixed results from Paul Hastings, Simpson Thacher at financial year end

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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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Buncefield barrister Edey awarded silk in 2009 QC round

The only lead counsel on the Buncefield litigation who was not a QC has been awarded silk in this year’s round of QC appointments. Philip Edey (pictured), a member of 20 Essex St, was one of the youngest to put in a successful application and was appointed silk after only 15 years call. He is […]

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Continuing with extracts from TheLawyer.com’s new ‘Postcard from…’ series, this week’s blogger is Richard Clegg, head of Wolf Theiss’s Sofia office. Sofia doyen One of the many enjoyable aspects of living in Sofia is the entrepreneurial nature of its people. It seems that everyone has a new scheme, idea or solution to make or save […]

A&O hires restructuring duo for New York

Allen & Overy (A&O) has beefed up its US restructuring group after hiring lawyers from Cadwalader Wickersham & Taft and King & Spalding. Angela Somers joins as special counsel from Cadwalader, where she worked in the New York-based restructuring group representing debtors, official creditors and equity committees and other parties in Chapter 11 filings. Former […]

Nabarro signs LPC tie with Nottingham-Kaplan

Nottingham Law at Kaplan Law School has signed up a third law firm for its bespoke course. Nottingham-Kaplan has struck a deal with Nabarro that will see all of the firm’s future trainees complete a bespoke Nabarro LPC from September 2009. Law school head Giles Proctor said: “Nabarro recently won two national accolades for its […]

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