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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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Hooligans prove rights are not equal

John Cooper says that attempts to expel English football fans from Euro 2000 infringe on human rights There has always been a suspicion that Europe is not as united as it may seem. Criminal practitioners are being showered with opportunities to attend conferences and seminars on the European Convention on Human Rights. For many prosecutors […]

Legislation is overdue

Mike Tyler, in his article “Corporate killing law misses the mark” (12 June), actually does something similar as regards his reasoning behind his criticism of the latest Corporate Homicide Bill. The Government, judiciary and legal profession have all stood back as workers have been killed as a result of directors placing profit before safety. Time […]

Case of the week

The RollingStones’ former record label, Abkco Music, lost a round in its battle over who owns the rights to two songs first recorded by blues legend Robert Johnson. The court found that the fact that the band believed that any common-law copyright on Love in Vain and Stop Breakin’ Down had expired, were not reasons […]

McGrigor Donald posts record profits

McGrigor Donald has announced record financial results. The firm’s annual review, published this week, shows fee income up 23 per cent on last year and an increase in turnover and profitability for the year ending 30 April. Following the opening of a Belfast office in January, the firm became the first to practise in all […]

Arnold & Porter in LA swoops for IT and showbiz niche firm

Washington DC firm Arnold & Porter is dramatically increasing its Los Angeles practice by taking over a niche IT and entertainment firm. It is acquiring Blanc Williams Johnston & Kronstadt in a move which adds 12 lawyers and expands its intellectual property and technology practice to 60 lawyers worldwide. Eight of the lawyers join Arnold […]

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