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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Slaughters, Links refuse to give diversity figures as City firms make poor showing

Firms in the UK top 10 have railed against the Black Solicitors Network’s (BSN) research methodology despite an improved performance and a record number of firms taking part. Firms such as Linklaters and Slaughter and May continued to complain about the methodology of the research in spite of repeated requests from the Government to take […]

Bond Pearce sees profit slump after panel losses

Bond Pearce sees profit slump after panel losses” />Bristol-based Bond Pearce has recorded a sharp dip in profitability, with average profit per equity partner (PEP) tumbling by 17 per cent. Equity partners at the firm will take home an average of £30,000 less each this year following a slide in PEP to £150,000 from last […]

Law Society names new president

Fiona Woolf today (19 July) stepped down as the president of the Law Society to make way for immigration lawyer Andrew Holroyd Holroyd, a partner at Liverpool-based Jackson & Canter, took over the reins of the solicitors’ representative body at the AGM. Holroyd vowed to lead the entire profession through “what is bound to be […]

Bakers rolls out rewards for bumper UK results

Baker & McKenzie has introduced a bonus scheme worth £2m to reward all UK staff following a strong year for profit. The firm’s unaudited figures for the 2006-07 financial year show that UK net profit rose by 18 per cent on the previous year’s figure to £35.1m. On the back of this the firm has […]

Eversheds overhauls management team

Eversheds has slashed its regional managing partner positions as part of a national management overhaul. The review comes less than three years after the firm’s previous management shake-up and sees the abolition of the regional head roles in favour of a slimmed-down management structure designed to simplify the system and better coordinate the firm’s regional […]

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