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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Herbies woos Russian banking star

Herbert Smith has bolstered its growing Moscow practice with the hire of a senior in-house lawyer from Renaissance ­Capital, one of Russia’s largest investment banks. Evgeny ­Zelensky, a ­former Cleary Gottlieb Steen & Hamilton lawyer, was co-head of legal and compliance at Renaissance from October 2004 until June this year. He will join the capital markets […]

Jones Day City litigator Pearson seconded to NY

Jones Day has bulked up its cross-border litigation expertise in the USA, seconding a London litigator to the New York office. London partner Stephen Pearson will be resident in New York for two years to strengthen the firm’s transatlantic litigation team. Jones Day New York litigation partner, Jay Tambe, said: “We have an excellent litigation […]

Ashurst, Lovells land LV’s highway takeover

Ashurst and Lovells have won places on Liverpool Victoria’s (LV) £150m acquisition of the Highway Insurance Group in the latest of a flurry of deals in the insurance sector. Highway called on Ashurst corporate partner John Earle, while Lovells corporate partner Richard Lewis acted for long-time client LV, the UK’s largest friendly society. Lewis said: […]

Gibson Dunn pounces for SEC director Schonfeld

Gibson Dunn & Crutcher has snared New York Securities and Exchange Commission (SEC) regional director Mark Schonfeld as a partner in its litigation group. After a 12 year career at the SEC, Schonfeld will join the US firm in November to co-chair its securities enforcement practice group alongside Washington DC partner Barry Goldsmith. Schonfeld will […]

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Making the right connections is key to conquering Saudi legal market

Merely having a presence in the kingdom is not enough THE GULF region is increasingly hailed by international law firms as a ­crucial part of their respective global growth strategies. Rich and growing markets boosted by ­massive hydrocarbon wealth at a time of near-record oil and gas prices; high birth rates; a rocketing standard of […]

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