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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Positive thoughts

The 2008-09 year-end figures for Lovells’ litigation practice show that the group is beginning to benefit from the disputes arising from the economic downturn. The litigation practice has increased fee income by 27.3 per cent from £95.8m a year earlier to £122m. Revenue per partner (RPP) has risen sharply from £1.36m in 2007-08 to £2.35m, […]

Burges Salmon staff cull continues

Burges Salmon is to make up to 27 business services staff and four property lawyers redundant as part of the second phase of its internal restructuring. The Bristol firm launched its cost-cutting drive in March, making 18 associates redundant and deferring start dates for seven of its future trainees. After completing a review of its […]

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GTM bags Paul Hastings tax lawyer

Greenberg Traurig Maher (GTM) has hired Paul Hastings Janofsky & Walker’s London vice-chairman to bulk up its tax practice in the City. Justin Hamer is the seventh partner to join the US firm in London since it launched in June. GTM launched with Mayer Brown co-vice-chair Paul Maher. Maher was joined by Mayer Brown partners […]

Opinion: The true cost of legal regulation

Can I set out some facts about the recently reported comments on the financial impact of the new regulatory regime? David Edmonds First, Parliament, in establishing the Legal Services Board (LSB) and the Office for Legal Complaints (OLC), decided that approved regulators (ARs) would meet both the set-up and ongoing running costs. Given the significant […]

Tulkinghorn: Bashes to ashes

Tulkinghorn would like to doff his cap, incline his head and metaphorically shake the virtual hand of Eversheds, for what turned out to be the serendipitous invitation of the summer. But first, thanks are due to all the hosts of some splendid summer bashes this season, from Lovells’ traditional curtain raiser at the start, to […]

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