Industry news: Accountability – February 2015

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Latest Briefings

Polish law considerations: advance amount versus earnest money

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in […]

Poland reforms law to facilitate business activity

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland. The legal acts are: Entrepreneurs Law Act;  Act on Ombudsman for Small and Medium-sized Entrepreneurs; Act on the rules for participation of foreign entrepreneurs and other foreign persons in […]

HMRC loses in specie contribution claim before the FTT

By Patrick Shee Self-Invested Personal Pensions, or SIPPs, have been under HMRC’s microscope for a number of years, but in a recent decision the First Tier Tax Tribunal (FTT) ruled against HMRC, finding that Relief at Source (RAS) for non-cash or in-specie contributions should be given to individuals. In Sippchoice Limited v HMRC [2018] UKFTT 12 the […]

The Health and Safety Sentencing Guidelines and their effect on business

By Adrian Mansbridge New Definitive Sentencing Guidelines for health and safety offences came into force on 1 February 2016; since then, there has been a significant increase in fines. What is clear from our analysis is that efforts by government to deregulate and reduce the burden of health and safety compliance have, from a financial […]

Mozambique: New regulations on compulsory social security

By Sonia Reis and Neylla Gulamhussen Decree no. 51/2017 of 9 October was approved as a result of the new challenges of Compulsory Social Security and seeks to adapt it to the current social situation. To achieve this, the Decree approves the Compulsory Social Security Regulations and came into force on 8 January 2018. The new […]

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Sidley Austin financial results show 9.5 per cent growth in year-end revenue

Sidley Austin’s financial results show revenue climbing 9.5 per cent from $1.601bn in 2013 to $1.753bn last year. Revenue per lawyer increased 5.3 per cent, growing from $942,000 to $995,000. Profit per partner increased by 6.1 per cent to $1.99m, while net income rose 11.2 per cent from $601m to $608m. Sidley Austin London managing […]

Taylor Wessing hires new financial director from Deloitte

Taylor Wessing’s 10-month search for a new financial director has ended with the appointment of Deborah Findlay, who joined the firm from a role as director of finance for Deloitte’s clients and markets division. Findlay will replace Charlotte Beckett, who left to join Pinsent Masons last year after the latter firm’s financial director Steve Hancock […]

Former SEC chair Mary Schapiro joins Axiom’s board of directors

Axiom, provider of technology-enabled legal services, has announced that Mary Schapiro has joined its board of directors.  Schapiro is one of the world’s best known and most respected financial regulators. Mary Schapiro was chairman of the SEC from 2009 to 2012.  She also served as CEO of the Financial Industry Regulatory Authority (FINRA), President of the NASD and […]

‘US buy-in required if EU is to succeed in stamping out tax avoidance’

Commenting on the news that the EU is set to establish a tax avoidance committee, Ben Jones, tax partner at law firm Eversheds, says: “The EU has become increasingly active on the issue of multinational taxation over the last couple of years, following the wider international actions being proposed by the OECD to modernise the system […]

newspapers

News Corp deputy general counsel David Pitofsky promoted to top job

News Corp has named deputy general counsel David Pitofsky as its new general counsel and chief compliance officer. Pitofsky replaces 21st Century Fox general counsel and chief compliance officer Gerson Zweifach, who was appointed as interim general counsel of News Corp in June 2013 when the media business split off from its parent.  Zweifach will […]

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