Cyprus shipping – calculation of shares, 2018

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Interpretive circular: VAT and holding companies

The Cyprus Tax Department issued on 9 January 2018 an Interpretative Circular (EE222–Holding Companies), clarifying the treatment of input VAT for holding companies based on existing ECJ case law. The Circular distinguishes between cases whereby there is simple purchasing and holding of shares in companies and where there is management or administration of companies in […]

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The Department of Merchant Shipping, based on the provisions of the Protection of Cyprus Ships against Acts of Piracy and Other Unlawful Acts Law of 2012, issued the following instructions under Circular No. 26/2017…

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Leigh Day loses bid to recover £5.8m legal costs in Iraq War case

The Solicitors Disciplinary Tribunal (SDT) has ruled that the Leigh Day lawyers acquitted of professional misconduct will not recover their legal costs.

The human rights firm applied to have 75 per cent of its total costs – thought to be £7.5m before the SDT hearing – covered by the prosecuting body, the Solicitors Regulation Authority (SRA), after the tribunal dismissed all of the allegations of misconduct against the firm’s co-founder Martyn Day and solicitors Sapna Milk and Anna Jennifer Crowther.

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