Jewellers sues Customs for £2m

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Latest Briefings

Supreme Court upholds NCLAT judgement ruling that insolvency proceedings may be invoked against corporate guarantor before proceeding against the principal debtor

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 […]

Cross-border transactions with related parties on the tax radar in 2019

By Branimir Rajsic The Serbian Tax Administration (the “TA”) recently issued the annual plan on tax audits for 2019 (“Plan”), published on the TA’s website. According to the Plan, the focus will be on the following: taxpayers incorporated by non-residents with significant related-party transactions, in particular control of the application of double taxation treaty provisions, taxpayers […]

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Mayer Brown improves government relations

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'I'm a CC associate, get me out of here'

The New York associates of Clifford Chance have slammed the firm’s culture in a damning 13-page memorandum to the partnership The extensive memo, prepared at the request of Clifford Chance’s New York partners after the firm came last in this month’s 2002 associate survey by The American Law-yer, raises seven major areas of dissatisfaction, with […]

Jones Day faces High Court for failure to disclose conflict of interest

US firm Jones Day Reavis & Pogue appears in the High Court today accused of professional negligence and breach of fiduciary duty It is alleged that the firm acted for both sides in a share placement by the Saab brothers at the Saudi American Bank without disclosing the conflict.In relation to today’s case (28 October) […]

Leeds' second-tier play the field

It might not be very sunny at the moment, but Leeds’ second-tier firms are certainly making hay. For the city’s big six – Addleshaw Booth & Co, DLA, Eversheds, Hammonds, Pinsent Curtis Biddle and Walker Morris – the past six months have brought mixed fortunes. Hammonds has been the victim of rumours of financial worries […]

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