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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McDermott to advise on e-banking

The London office of Chicago firm McDermott Will & Emery is setting up a new practice group to advise investment banks on e-commerce work. The group, dubbed the financial markets technology practice, will be cross-disciplinary and will include US-based lawyers even though it is headed out of London. It will advise financial services institutions, software […]

Etiquette

Even with the not insignificant influence of globalisation and liberalisation, there is still a basic etiquette that needs to be followed in Japan. Non-domestic lawyers are forgiven much, but must at the very least appear to be trying. Tardiness If you are late, you are untrustworthy. It is as simple as that. Seating plan The […]

Technology, Media and telecoms

Celebrity chef Jamie Oliver and Pearson Television form independent production company Fresh Productions. Jamie Oliver and Pearson advised by Denton Wilde Sapte (Tara Donovan, Neil Vickers). Elderstreet Capital Partners makes £3.2m investment in Cataloga; first round backers Kennet Capital also make investment. Cataloga advised by Kemp & Co (Lucy Vernall). Elderstreet Capital and Kennet advised […]

Freshfields, Linklaters lead first quarter deals

Mid-size firms shoot up the rankings as US firms are forced out of the top ten Freshfields Bruckhaus Deringer and Linklaters & Alliance continue to dominate M&A in the UK and the rest of Europe, according to the latest rankings by Thomson Financial. But this year has seen the resurgence of several mid-size firms. Rowe […]

Real Estate and Projects

Compass sells Regent Palace and Strand Palace, Cumberland Hotels, Posthouse Hotels and Heritage Hotels for an aggregate value of £1.3bn. Compass Group advised by Freshfields Bruckhaus Deringer (James Davis) and Paisner & Co (David Levy, Rachel Phillips). London & Regional Properties, purchaser of Regent Palace and Strand Palace, advised by Lawrence Graham (Michael Fielding). Grand […]

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