Switzerland harbours many sectors of the life sciences industry. Swiss research, development and production are well known in all corners of the planet. Switzerland is home to world leaders and is the origin of many groundbreaking ideas turned into successful start-ups, some set to become top players within a generation. The Federal Institutes of Technology […]
On 5 May 2020, all but four EU Member States have signed an agreement to terminate their intra-EU bilateral investment treaties. What are the consequences for the protection of EU investments? How does this agreement affect pending arbitration proceedings? And how should investors react in order to ensure adequate protection?
The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition and environmental issues.
The existing emergency loan scheme for businesses facing liquidity issues as a consequence of the Covid-19 pandemic is tied to annual turnover (with one limited exception). Given that many start-ups only generate little or no revenue during their first years of operation, they have effectively been excluded from meaningful relief under the scheme.
Key features of step-up on migration Tax optimisation of cross-border payments As of 1 January 2020, foreign companies can take advantage of a tax-neutral step-up of built-in gains (including self-created goodwill) to fair market value for Swiss direct tax purposes when relocating their legal seat, effective place of management or assets, business units and functions […]
The EU Regulation 910/2014, known as eIDAS (the Regulation) is directly applicable to the Member States of the European Union since 1st July 2016 and it aims to establish common standards for electronic identification and trust services for electronic transactions across European Union. Cyprus adopted to this regard Law 55(I)/2018 (the Law), which regulates the use of e-documents, e-signatures, e-identifications, e-seals etc, complying with the requirements of the Regulation.
To lengthen the odds of a second infection wave, countries have been exploring how to harness technology to automate contact-tracing of those potentially infected with the virus, releasing the remainder of the population to go about daily life. Though simple-sounding, such technology is far from straightforward.
Many practitioners will appreciate that Jersey is a self-governing Crown Dependency with constitutional rights of self-government and judicial independence. It follows that orders made in the courts of England and Wales are not enforceable as of right in this jurisdiction. We focus in this article on three common scenarios we see when such cross-jurisdictional considerations arise and the steps you can take to ensure that the terms of such an order are honoured.
In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information (“AEOI”) and country-by-country reporting (“CbCR”), including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form.
Following on from the package of relief measures offered in the personal loan, credit card and overdraft markets, the FCA has confirmed a range of measures to protect customers in the motor finance market.
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As of this morning, one Conservative lawyer, Carlisle MP and former Bendles partner John Stevenson, has called on Dominic Cummings to resign. The rest are either sticking by him or have made no comment. Among those to Tweet their support for the embattled special adviser are ex-Slaughter and May trainee Simon Clarke, former Skadden and […]
Stewarts has successfully won a fraud case against airline operator Farad Azima, after he was ordered to pay over $4m by a UK judge. Instructed by the investment authority of Middle Eastern emirate Ras Al Khaimah (RAKIA), Stewarts had brought a series of fraud and conspiracy claims against Azima. The case, which featured in The […]
Morgan Lewis & Bockius has ramped up its funds offering in London, with two new partners from Morrison & Foerster. The two partners – Oliver Rochman and Rob Mailer – are bringing two associates with them to Morgan Lewis; Eliska van Wickern and Xun Choong. The four advise sponsors and investors of private investment funds, […]
DLA Piper has re-imagined a new crisis simulation training service that cost over £100,000 to deliver, after its launch was put in doubt due to the outbreak of coronavirus. The training service, called “DLA Piper Project Simulator”, was inspired by Carillion’s liquidation in 2017 and was one of the first products stemming out of the […]
As law firm leaders debate a return to the office, others are still preoccupied with questions of pay and – in some cases – mere survival. Here are the key takeaways. Where Slaughters leads, others will follow Slaughter and May has cut salaries for newly qualified solicitors to a measly £87,000. What can you say […]
Ashurst and Eversheds Sutherland have seen through the sale of struggling Italian restaurant Carluccio’s, after it fell into administration nearly two months ago. Carluccio’s brought in FRP as its administrators in late March, with Ashurst restructuring partner Drew Sainsbury taking the lead from the firm. Today it was announced that Boparan Restaurant Group will take […]