On 14 April 2021, in IGE v HMRC allowed GE’s appeal against the decision of Zacaroli J.
This article looks at the recent case of In the Matter of Prudential Assurance Company Ltd and Rothesay Life Plc and the recasting of the principles to be applied on an application for sanctioning an insurance transfer under Part VII of the Financial Services and Markets Act 2000.
It is understood this would – if awarded – have been the largest payment of security ever ordered by the English Courts.
Mr Justice Morgan has held that a Romanian and a German, resident in Ibiza, are holding a corporate structure, headed by a UK company, on trust for a bankrupt Israeli billionaire, Mr Eliezer Fishman, for the purpose of concealing his assets.
The judge’s interpretation of each of CPR 17.1(1), CPR 17.2, CPR 17.4(3), CPR 19.4(4) and CPR 19.5(3) all raised novel issues not previously decided by the courts.
The webinar brought together our various communities to discuss the progress combatting the disparities that exist between female and male entrepreneurs, making entrepreneurship more accessible to women, increasing funding access for women to start and grow businesses as well as addressing broader societal issues and unconscious bias that have created barriers for women generally.
In a costs ruling delivered on 12 March 2021, the Honourable Justice Ramsay-Hale provided welcome clarity on the circumstances in which the Grand Court of the Cayman Islands will make a costs award on the indemnity basis. A successful party can expect to recover a higher proportion of its costs when an award is made on the indemnity basis (rather than the standard basis) since only costs that are unreasonably incurred or are of an unreasonable amount will be disallowed on taxation, and any doubts as to reasonableness are resolved in favour of the successful party.
The designation of eight new Freeports within England made headlines in the Budget and now the winning bidders have to put into effect their successful proposals. What will this mean in practice for those areas affected and what are the likely issues that Freeport authorities will face?
The BVI is an increasingly popular arbitral seat supported by a modern pro-arbitration legal framework, modern arbitration facilities, and a world-class arbitration institution of its own in the form of the BVI International Arbitration Centre (“BVIIAC”). The ready availability of BVI legal expertise for any such arbitration under the supervision of the well-respected BVI Courts provides added comfort for parties seeking a dispute resolution venue in a stable jurisdiction.
The significant shift in people’s travel routines over the last 12 months will likely trigger long-term changes for many and our urban spaces will need to continue to develop into ‘smart cities’. Electric vehicles and their charging points will form a significant part of this changing landscape.
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Kirkland & Ellis has been changing its hiring strategy for corporate partners.
US firms need to retain their partners to maintain sustainable growth.
The balance of power in London has shifted away from the traditional UK firms.
Mishcon’s IPO might be a success but its partners would have been better off doing it earlier.
Law firms have paid back loans they took out last year but it doesn’t mean they are in the clear just yet.
Cahill has doubled in size in London since 2016.
Two months after the firm compensated its employees for working reduced hours, Taylor Wessing has now announced a five per cent special bonus for staff. This will be paid in addition to the firm’s annual bonus scheme and will account for five per cent of every employee’s respective salary. As a reward package for the […]
Hogan Lovells has recruited a five-lawyer finance team from PwC for its Brussels base. Finance veteran Ivan Peeters and partner Philip Van Steenwinkel join the firm alongside three associates. Both Peeters and Van Steenwinkel have been at PwC since 2018, which they joined from the Belgian branch of Benelux firm Stibbe. Before this, the duo […]
CMS is switching partner profit distributions back to its traditional bi-monthly schedule after temporary changes adopted during the pandemic, The Lawyer has learned. It is understood the firm moved to quarterly distributions last year, when it found itself in a position to resume the rounds following an emergency hiatus in the early part of the […]
One of the Inns of Court in London will soon be home to a fee-paying junior school after it agreed to lease out one of its buildings, The Lawyer can reveal. Grays Inn recently confirmed that it will be leasing out the old City School of Law Building to the City of London School for […]
Clyde & Co has cut a number of its UK secretarial roles as it moves to a new ‘hub’ operating model, adding itself to the list for firms rethinking the legal support function. The firm has dispensed with the services of 29 out of 235 secretaries, marking a 12 per cent decrease, as a result […]
DAC Beachcroft is raising its spend on staff bonuses to around £10m for this financial year, as firms increasingly seek ways to reward employees for their efforts during the pandemic. The move marks a rise of 45 per cent compared to its bonus spend of £7m last year. Managing partner David Pollitt said of the […]
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