Latest Briefings

Webinar: Employee Ownership Trusts: Efficient exits on an owner’s terms

Selling a business is perhaps the most critical moment in an owner’s life with their company. The process of finding a buyer and agreeing a price can be drawn out, stressful – and with forthcoming changes to Capital Gains Tax (CGT) – may involve writing a substantial cheque to HMRC. For many owners, there may be another way, by utilising a HMRC-approved Employee Ownership Trust (EOT) to sell their business.

Luxembourg companies allowed to hold virtual meetings until 31 December 2020

With the aim of allowing more flexible governance measures, Luxembourg has passed another law extending the possibility to hold board and shareholders’ meetings in companies and other legal entities[1] remotely up to and including 31 December 2020. The Law[2] was published in the Official Journal on 23 September 2020 and will enter into force on 1 October 2020 (the New Law).

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Leeds-based sports and media specialist McCormicks is to split following a management buyout by six equity partners, who are forming their own practice. The six equity partners, led by family and private client partner Mark Burns, will form Clarion Solicitors on 1 February and will practise out of the current McCormicks Leeds office, as first […]

White & Case loses extradition battle

White & Case lost its legal challenge to avoid extradition to the United States for retired businessman Ian Norris on charges of price-fixing and obstructing justice. The former chief executive of UK manufacturing company Morgan Crucible is the latest business figure to lose an appeal against extradition to the US over alleged “white collar” crimes. […]

Freshfields suffers triple finance loss

Freshfields Bruckhaus Deringer’s finance team has been rocked by the departure of three partners. Banking star David Ereira is set to move to arch-rival Linklaters, where he will enter the firm’s equity as a plateau partner, as first revealed on www.thelawyer.com (26 January).Linklaters’ top of equity last year was £1.32m, compared with Freshfields’ £980,000. In […]

Simmons launches second Dutch office

Simmons & Simmons is leveraging off its financial markets practice to open an Amsterdam office, its second in the Netherlands. The office will initially just have a financial markets capability, with the Rotterdam office offering other practice areas. In March 2006, the firm voted to initiate a dual-office strategy in the Netherlands, as first revealed […]

Farrers bulks up with double hire

Farrer & Co has moved to bolster its private client and tax teams with a double hire into its partnership after raids on both Taylor Wessing and Lawrence Graham. Taylor Wessing head of contentious trusts and estates Toby Graham will take the same role in Farrers’ rated private client practice when he joins on 5 […]

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