Latest Briefings

Maranello Rosso Limited v Lohomij BV and others

On 6 September 2021, the High Court struck out a £70 million conspiracy claim relating to the purchase and sale of a world-renowned collection of classic Ferraris.

BVI Economic Substance – ITA commences audit process

Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the passing of the deadline for the first filings thereunder to be made by BVI entities, the BVI International Tax Authority (ITA) has now begun making targeted audit requests to verify the “relevant activities” carried out by BVI entities which have made their mandated economic substance filings.

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Reed Smith bags Nabarro trio for City funds launch

Reed Smith has launched a London investment funds practice with the hire of ­former Nabarro partner and barrister Dale Gabbert. Gabbert, who joins as a partner, will bring with him associates Winston Penhall and Matthew Pitman. He will advise funds including private equity, property and hedge funds on investment management, corporate and regulatory issues. Reed […]

Slaughters on call for EY after audit reform backlash

Slaughter and May has been brought in to advise Big Four accountant EY as it seeks to fight back against audit reforms announced by the Competition and Markets Authority last month. The firm is advising EY on whether it can challenge recommendations made by the CMA, which suggested an overhaul of the audit sector following […]

train rail track railway

Magic circle firm among beneficiaries of £9m Network Rail fees

Clifford Chance and Eversheds Sutherland raked in £9m on the momentous £1.5bn sale of thousands of Network Rail’s railway arches. The firms jointly advised Network Rail in the sale process, known as Project Condor. The National Audit Office posted today that the transaction cost £35m overall, meaning nearly a quarter of the sum was spent […]

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