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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Bracewell & Giuliani launches in London with Cleary raid

The much-anticiapted launch of the London office of Bracewell & Giuliani has gone ahead after the Houston firm raided Cleary Gottlieb Steen & Hamilton’s City offering for two associates. Adam Mozel, an capital markets lawyer, has been made London managing partner of Bracewell, the firm of Republican presidential candidate Rudolph Giuliani. Mozel brings with him […]

FFW offers associate bonus as salaries come under scrutiny

Field Fisher Waterhouse (FFW) has rolled out its first-ever bonus scheme for associates and is in the process of reviewing its base salaries. Managing partner Moira Gilmour said a top performer can expect a bonus of around 10 per cent of salary. The bonus pool is based on firm profitability and is open to all […]

Mishcon de Reya boosts PEP by 70 per cent

Mishcon de Reya has smashed the mid-market trend for average profit per equity partner (PEP) with an astonishing 70 per cent increase on 2005-06 to £698,000. The Holborn firm also posted a record revenue of £39.1m, an increase of 35 per cent. Managing partner Kevin Gold said the figures were the result of large-scale investment […]

Freshfields loses another IP partner

Freshfields has lost its second European IP partner in as many weeks, after Matteo Orsingher quit the Milan office to set up his own practice. Orsingher Avvocati Associati will launch at the start of July with four lawyers, focusing on IP and IT advice. Freshfields Italy managing partner Raffaele Lener said: “We regret Matteo leaving […]

Weil hike sees newly-qualifieds pocket £90K

Weil Gotshal & Manges has made a bold play to reposition itself in the recruitment market by offering newly qualified lawyers an astonishing £90,000 annual salary. London associates now earn more than their counterparts in New York after a 20 per cent pay hike in London, although US associates get a guaranteed bonus starting at […]

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