Latest Briefings

‘Tax Day’ – government continues its campaign to tackle non-compliance

In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.

Fraud in the sub line market – should we be concerned?

In recent weeks, news of the JES Global Capital fraud committed by fund manager Elliot Smerling has come to light. Unfortunately, we live in world where fraud, much like death and taxes, is inevitable.

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English court makes first conviction for non-UK crime

Legal history was made last week as an Afghan national became the first foreign national to be prosecuted in an English court for crimes committed outside the UK.3 Raymond Buildings silk James Lewis QC led the Government’s case against Faryadi Zardad, an Afghan accused of torture, hostage-taking and conspiracy. Lewis took over the running of […]

Grapevine

Herrington to splash FSA cash It appears that former Clifford Chance investment funds partner Tim Herrington will have up to £2m more to spend on the in-house team and external legal advisers of his choice after the Financial Services Authority (FSA) announced the creation of a separate legal function for the Regulatory Decisions Committee (RDC). […]

Accountancy-tied firms slump in French revenues survey

French international Gide Loyrette Nouel has leapfrogged accountancy-tied firm Ernst & Young Societé d’Avocats (E&Y, formerly EY Law) to become France’s second-biggest firm by revenues. Gide’s French turnover rose from 116.1m euros in 2003 to 125.6m euros for the calendar year 2004, according to research released by French legal magazine Juristes Associés. E&Y’s income dropped […]

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Gibson Dunn partner named in KPMG malpractice lawsuit

A litigation partner at US law firm Gibson Dunn & Crutcher has been implicated in a $50m (£28.8m) accounting malpractice lawsuit filed against KPMG. A litigation partner at US law firm Gibson Dunn & Crutcher has been implicated in a $50m (£28.8m) accounting malpractice lawsuit filed against KPMG. Los Angeles-based partner Cheryl Justice has been named in an application […]

Careers: In brief

Malcolm Hacking of Hacking Ashton Solicitors has been elected chairman of the Arbitration Club. The club was founded 15 years ago by Professor Mark Cato, a chartered surveyor. It has since spawned specialist arbitration clubs focusing on oil and gas, rent reviews, commodities and the International Arbitration Club.

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