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.

Recommended

How Hilton Worldwide’s GC united a fractured in-house team

Hilton Worldwide general counsel Kristen Campbell talked to The Lawyer in this week’s in-house interview about mending bridges in the legal team following the company’s sale to Blackstone four years before she joined. Campbell saw “a lot of untapped potential” in her team. After restructuring the team and putting in place strategic pillars to integrate […]

London

Farrers launches firmwide three-year strategy for growth

Farrer & Co has unveiled its three-year strategy, as the independent firm plans to expand its offering with the introduction of a child protection unit and provisions to help new foreign clients. The firm is split into three core practice groups comprising of private client, business services, and charities and institutions. However, it wants to […]

Court
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Cartwright King client Hayes convicted of Libor rigging

Cartwright King client Tom Hayes has been found guilty in Southwark Crown Court of rigging global Libor interest rates. The former UBS and Citigroup trader was the first individual to face trial for manipulating the rate, and could now face a possible 80-year sentence after being found guilty on all eight charges of conspiracy to […]

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