Related briefings

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

HMRC successfully defends assessments of oil royalties

HMRC has successfully defended substantial corporation tax assessments on oil royalties in Royal Bank of Canada v HMRC [2020] UKFTT 267 (TC), an important decision by the First-tier Tribunal (Tax Chamber) on the construction of article 6 of the UK / Canada double tax treaty (immovable property) and the scope of the UK’s ring fence corporation tax regime.

Commercial Court upholds order enforcing arbitration award against public policy challenge under s 103(3) Arbitration Act 1996

Commercial Court upholds order enforcing arbitration award against public policy challenge under s 103(3) Arbitration Act 1996: Alexander Brothers Ltd v Alstom Transport SA and Anr [2020] EWHC 1584 (Comm). The Defendants applied to set aside an order enforcing a Swiss-seated ICC arbitration award in favour of the Claimant on the public policy ground. The […]

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Allen & Overy affiliate set to host webinar on cross-border transfer restrictions

Derivative Services, an affiliate of Allen & Overy, will be hosting a webinar on 21 January 2014 at 3pm GMT entitled ‘Navigating cross-border transfer restrictions when transferring data to foreign law enforcement authorities, regulators and courts’. The webinar will be delivered by specialists from Allen & Overy, including partners Ahmed Baladi and Jane Finlayson-Brown, and […]

A very happy New Year for City development projects

It’s early days, but so far 2014 looks to be a promising year for London’s planning and real estate lawyers. Just look at Queens Park Rangers’ latest move– trying to score a new 40,000-seat stadium to replace its current 18,000-capacity Loftus Road ground. The football club has signed up Macfarlanes for the bulk of the […]

The Lawyer Top 20 Cases 2014

The Lawyer this week unveiled the Top 20 Cases to watch in 2014. It’s shaping up to be a bumper court year with spats involving, amongst others, RBS, Depfa Bank and MasterCard. Clifford Chance, Weil Gotshal & Manges and Nabarro will all be forced to defend themselves in court after disgruntled clients issued claims against […]

FIO report on the modernisation of insurance regulation

On 12 December 2013, the Department of the Treasury’s Federal Insurance Office (FIO) published How to Modernize and Improve the System of Insurance Regulation in the United States. The report was required by Title V of the Dodd-Frank Act, which required FIO to ‘conduct a study and submit a report to Congress on how to modernise […]

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