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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Going for broke

While the UK economy is still buoyant, at least for the time being, the same has not been true in other corners of the globe. Depressed markets close to home and further afield have created work for insolvency practitioners on a range of mammoth and intricate deals over the last year. As an easy guide […]

Technology, Media and Telecommunications

AstraZeneca signs a £1.2bn outsourcing deal with IBM to manage the chemical company’s global IT infrastructure covering 45 countries. AstraZeneca advised by Shaw Pittman (Andrew Moyle). IBM was advised in-house. Parent company of WebFusion Internet Solutions, Magic Moments Internet, acquires One 2 One Advertising & Telecommunications. The company is also placing £2.5m worth of new […]

Employment exchange

Simmons head of employment Janet Gaymer is tipped to be the firm’s next senior partner. But does she have enough energy to take on the role? Janet Gaymer – the head of employment at Simmons & Simmons who is widely tipped to take over from senior partner Bill Knight when he retires – is exhausting. […]

Going for broke

If you are ever stuck for conversation sitting opposite a City lawyer, try this to get things going: gingerly mention the words McDermott Will & Emery and London office in the same sentence, then sit back and wait for the reaction. It always works, and usually elicits a flood of opinions, some more considered than […]

Ashursts property team bags British Waterways PPP work

Ashurst Morris Crisp’s real estate team has been appointed to advise British Waterways on its major property public-private partnership scheme following a beauty parade in December. British Waterways, the public corporation responsible for the UK’s 2,000-mile waterway network, has invited interested parties to join a joint venture project aimed at establishing the organisation as a […]

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