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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Clerk feels greenhouse effect

FORMER solicitors’ clerk Dennis Boswell, whose 76-year-old mother was arrested for allegedly growing cannabis found in a greenhouse he had rented to a neighbour, is suing the neighbour for damages. Boswell, who according to a writ issued by him in person, was dismissed from his post as senior litigation executive with Elliott & Company in […]

Prepare for countdown

Regulatory deadlines are looming. Are the professions ready to meet them? The Institute of Chartered Accountants in England & Wales has played down suggestions that its membership has been slow off the mark in seeking authorisation to conduct financial services in time for the 1 July deadline. Product providers have expressed concerns that fewer accountants […]

Police and Law Society declare ceasefire

THE POLICE and the Law Society have for the first time agreed to hold regular meetings in an effort to co-operate over criminal justice issues. The meetings, which began on Friday, are an attempt to find common ground on issues like disclosure and the right to silence. They follow a public slanging match last spring, […]

Woolf knocks at IT's door

In career terms, appointment as a partner represents both an end and a beginning. It ends the period of ambition to achieve the goal of partnership as it begins a new era when motivation is based on a new set of personal and professional goals. Instead of satisfying internal judges, in the form of partners, […]

Financings

Medway Power was advised by Norton Rose on the introduction of u160m of financing from the European Investment Bank

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