Reed Smith – UK 100

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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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Up and coming music lawyer Alexander Ross has quit Addleshaw Goddard for niche media and entertainment firm Wiggin & Co due to a lack of focus on the media group. Ross was a senior associate at Theodore Goddard and then Addleshaws but has become disillusioned since the merger of the two firms. “When the merger […]

First overseas partner joins Ashurst’s board

Ashurst has put an overseas partner on its management board for the first time. Rated Milan finance partner Daniele Reynaud was elected late last autumn as a replacement for board member Jeremy Hill, who quit the firm for Debevoise & Plimpton in September. Crucially, Reynaud stood unopposed. Senior partner Geoffrey Green said: “There was a […]

SPBG creates legal taskforce to aid victims of the tsunami

Several of the world’s largest law firms have responded overwhelmingly to an appeal from the Solicitors Pro Bono Group (SPBG) to help families and businesses hit by the Asian tsunami. SPBG chief executive Susan Bucknall sent a general appeal out to the group’s database of firms after the giant wave hit on Boxing Day. She […]

Ius Laboris starts referral relationship with EEF

The Ius Laboris alliance is joining forces with manufacturers’ organisation EEF to provide overseas labour law advice. EEF members come from the manufacturing, engineering and technology sectors. It provides business services, including employment law and HR advice, for member companies. The agreement means EEF will refer overseas employment law advice to ius laboris to be […]

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