Top of the PEPs – Revenue Table

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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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Room with accrue

On a related subject, there was some much-needed comic relief in what has become the tragic opera of Bloxham v Freshfields. The last day of the hearing saw the tribunal in a particularly demob happy mood. At one point there was much tortuous argument as to what exactly constituted a pension. Chairman Thomas Ryan asked […]

Littleton hiring spree will add 10 to the fold

LITTLETON Chambers has kick-started a recruitment drive that will see the commercial employment set grow by a quarter in three years. The 44-member set has hired Old Square Chambers barrister Damian Brown, who will join in August. Brown will bring Littleton a range of collective commercial employment clients, including trade unions. Brown’s hire is the […]

Carter judicial review settles

The much-anticipated judicial review brought by black and Asian lawyers against the Government’s Carter reforms ended abruptly yesterday (19 July) after the application was withdrawn. The Black Solicitors Network (BSN) and the Society of Asian Lawyers (SAL) withdrew their application on the second day of Mr Justice Burton hearing whether the review should proceed. Michael […]

Hunton treads different path in London

US firms are hardly famed for their UK real estate and litigation practices. London managing partner Bob Goldspink has a healthy litigation team at Morgan Lewis & Bockius and former Richards Butler partner Lista Cannon took her busy contentious litigation practice to Fulbright & Jaworski, but her presence alone will not concern market leader Herbert […]

Bristows suffers dip in financials as office move takes its toll

REVENUE at IP boutique Bristows has taken a downward turn, falling by £100,000 to £20m, in a year of massive upheaval for the firm. In March five litigation partners quit to set up rival IP boutique Powell Gilbert, but co-managing partner Paul Walsh denied that this was a reason for the static figures. He said: […]

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