Come to the Ball

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Legal Operations Benchmarking Report 2019

The inaugural BusyLamp Legal Operations Benchmarking report documents the findings of a survey of legal departments from around the world and of varying profiles. The report looks at similarities and differences across industries, legal expenditures, legal department sizes, and geographies, and explores how certain trends are impacting other factors. The survey of 21 multiple choice […]

India: Supreme Court upholds NCLAT insolvency judgement ruling

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 […]

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Health warnings for treatment

An in-house legal team has been appointed at GMG Brands, the working title for the merged entity of Grand Metropolitan and Guinness. Roger Myddelton, group legal director and company secretary at GrandMet, becomes company secretary at GMG. Ken Mildwaters, director of legal services at Guinness, becomes general counsel and group legal director. Dave Scott, general […]

City should pick up bill in frauds, says group

LEGAL aid in corporate fraud trials should be paid for by the City’s own regulators not the taxpayer, according to the Legal Action Group. The suggestion comes in the pressure group’s response to the Lord Chancellor’s consultation paper on legal aid for the apparently wealthy. The group says media uproar over spiralling legal aid bills […]

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White Rose (Leeds), a joint venture company of Evans of Leeds and Yorkshire Water, was advised by Travers Smith Braithwaite, in concluding a development agreement with Land Securities, advised by Nabarro Nathanson, for a 650,000 sq ft centre including a department store, superstore, shopping malls and a bus station outside Leeds, costing u115m. The department […]

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Observers prepared to watch a battle for supremacy when Nabarros set up in Sheffield. But the firm refused to play. When Nabarro Nathanson rode into town four years ago, Sheffield’s big guns prepared for a legal showdown. “When Nabarros arrived we had to reposition ourselves,” admits Dibb Lupton Alsop regional managing partner Paul Firth. The […]

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