Latest Briefings

COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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DLA boosts Brussels further with Gide hire

DLA Piper Rudnick Gray Cary has bolstered its Brussels regulatory team with a new hire from Gide Loyrette Nouel. Jean Naslin joins DLA Piper as a partner as a member of its EU competition practice. Naslin has acted as of counsel at Gide Loyrette since 2001. He has extensive in-house experience including positions as the […]

Sidley KPMG tax shelter fine settles at $45m

A US federal judge has granted preliminary approval to a multimillion-dollar class action settlement against Sidley Austin Brown & Wood and KPMG over abusive tax shelters that KPMG sold to wealthy individuals. The $225m (£127.4m) class action is likely to be settled at $45m (£25.5m). Under the accord, KPMG is expected to pay around 80 […]

Peacock buyout sees Sullivan, Freshfields land advisory roles

Freshfields Bruckhaus Deringer and Sullivan & Cromwell have scooped advisory roles on the take-private of discount clothing retailer Peacock in what is the first UK leveraged buyout by hedge funds. Freshfields, which was instructed by Goldman Sachs, and Sullivan were brought in by Peacock’s management and the US investment bank to structure the £410m deal. Meanwhile, as […]

Mother’s ruin is lawyer’s shoo-in

The concept of work-life balance is really being embraced these days among lawyers. Few, though, have done as well at marrying business and pleasure than former Addleshaws partner Susannah Sheppard. Sheppard, a competition specialist, is the sole UK distributor of Xoriguer gin, a tipple that hails from (and has until now only been available on) […]

Judge surprised by collapse of BCCI trial

It has emerged that neither Mr Justice Tomlinson nor the Bank of England were aware that the liquidators of the Bank of Credit & Commerce International (BCCI) were planning to discontinue their 12-year claim until it was revealed in Court this morning. The news that the case had collapsed prompted the Bank of England’s lead […]

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