No ignoring the problem

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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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In brief: Media barrister takes up professor's post

A barrister from 5 New Square chambers has been awarded a professorship at the European Media Business School. Tony Martino, an entertainment and intellectual property specialist, is teaching entertainment law and practice in Rome and London on a new Masters course which combines the media and the law. The course which trains its students to […]

Child abuse battle clears first hurdle

A CHESHIRE solicitor who is campaigning for a public inquiry into numerous instances of sexual abuse at children’s homes in his area is preparing to take legal action against Health Secretary Stephen Dorrell. Peter Garsden, who has written twice to Dorrell demanding an inquiry, has won legal aid to investigate the possibility of seeking a […]

Property

Herbert Smith exchanged contracts on behalf of Hammerson for the freehold acquisition of the 190,000 sq ft Globe House, London WC2, from CIN Properties for £18.25 million cash consideration. Nabarro Nathanson acted for CIN.

CBA tackles problems of prison access for barristers

CRIMINAL barristers are being urged to give details about their experiences getting into high security prisons as part of a campaign to make access to prisoners easier. The Criminal Bar Association is spearheading the initiative following a Prison Service crackdown on security after the breakout of six IRA prisoners from Whitemoor prison. The association says […]

In brief: Law Society votes to go on the record

The way members of the Law Society Council vote in important debates will now be recorded. Law Society president Martin Mears was behind the move, which was approved at the council meeting on Thursday. The initiative is part of a drive by the presidency to democratise the council. It was also widely viewed as a […]

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