Latest Briefings

Prepare to have right on your side when making efficiency savings

As the UK officially enters recession, we are seeing perhaps the toughest landscape in the corporate world for over a decade. With so many decisions to be made to protect the buoyancy of their business, especially as government support schemes gradually come to an end, many employers are finding themselves in a difficult place. On the one hand, they want to value and protect the staff who have succeeded over the past few challenging months but, at the same time, many are finding redundancies in certain business areas inevitable. So how do they navigate this territory and ensure they keep the business going while doing the right thing?

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).

Recommended

Separated at birth

The BBC’s Question Time last Thursday (31 March) was graced by the presence of Tom Wheadon, Simmons & Simmons partner and expert on GSM Gateways. Wheadon was an outstanding guest, defending his ‘leader’ Michael Howard’s dismissal of Tory MPs for having an opinion (Howard Flight, what were you thinking?) and somehow holding himself back from […]

EU summit retains legal boundaries

An opportunity for UK lawyers to work in other EU countries under their own standards and professional bodies appears to have been lost at last week’s (March 22-23) EU summit in Brussels. Heads of government agreed to rewrite a proposed services directive put forward last year by former internal market commissioner Frits Bolkestein, after pressure […]

CC and Linklaters steer Celtel and MTC through acquisition

Linklaters steer Celtel and MTC through acquisition” />Clifford Chance and Linklaters have scooped the lead roles on the $3.4bn (£1.81bn) acquisition of African mobile telecoms provider Celtel by Kuwaiti giant Mobile Telecommunications Company (MTC). Celtel is Sub-Saharan Africa’s largest mobile provider, with coverage in 13 countries and more than five million subscribers. The acquisition, announced […]

Stephenson Harwood’s McGrigors hire perfect fit for financial services

Stephenson Harwood is reinforcing its financial services capability with the hire of a corporate partner from Scottish firm McGrigors. John Buyers joins Stephenson Harwood in the firm’s commercial, outsourcing and technology group. He is a specialist in technology corporate deals and has also advised on several Financial Services Authority-compliant technology deals. Buyers spent time in-house at Cap […]

ECJ finds UK tax rules incompatible with EC law

A European Court of Justice (ECJ) opinion handed down this morning (7 April) has found that UK tax law is incompatible with European Community law. Advocate General Poiares Maduro gave his opinion in the case of Marks & Spencer v Halsey, finding that the retailer should be allowed to offset losses made in Europe through […]

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