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Related briefings

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

Funeral agency fined for not complying with earlier CPC decision

By Galina Petkova, Rosen Manchev On 27 June 2019 the Commission on the Protection of Competition (CPC) issued a decision in which it penalised funeral agency Elida MG EOOD (formerly Pokoy-1945 EOOD) for failing to comply with an earlier CPC decision. Such cases in which an undertaking fails to comply with a CPC decision and […]

Are you ready for the tax and employment authorities’ dawn raids? – Romania

By Theodor Artenie, Mara Moga-Paler A wave of dawn raids from mixed teams of the Romanian tax and employment authorities (ANAF and ITM) is expected this August. As per public declarations, these measures target tax evasion and “black market” labour. In this context, we recommend you take the necessary measures to ensure that all company […]

Increased turnover limit for tax credit on sponsorships – Romania

By Theodor Artenie, Anamaria Tocaci, Alexandra Barbu The turnover limit for the calculation of the tax credit for sponsorships, patronage, and private scholarships has increased from 0.5 % to 0.75 %. The amendment, which entered into force on 29 July 2019, is set forth by Law 156/2019 for amending art. 25 par. (4) lit. i) of Law no. 227/2015 on the Romanian […]

Human rights in the financial sector

By Weronika Kapica What do human rights have to do with financial institutions? At first glance, one may think nothing. Originally, the protection of human rights was considered as the duty of governments only. However, it is becoming clear that those universal rights may be violated, but also protected by private sector actors. Recently, multiple […]

Latest Briefings

Ediscovery Buyer Guide 2019: A Framework for Selecting the Right Solution

Executive Summary The digital universe is growing at an exponential rate—expected to reach 44 trillion gigabytes by 2020—creating a big, expensive problem for litigators and internal investigators who aretasked with mining through increasingly massive troves of documents. Although there are many solutions for document review, conducting thorough vendor evaluations is a challenge. This paper is […]

THE IN-HOUSE LEGAL BUSINESS PARTNER

More with less Today’s in-house legal departments operate in an increasingly complex environment. It’s a juggling act to balance a range of challenging legal issues as well as greater strategical involvement with other parts of the business, with limited costs. Lack of transparency Another challenge is the potential threats that may occur unexpectedly. Since legal […]

Taylor Rose case study: managing complex cases with Laserform

Taylor Rose needed a system which could easily be adapted to meet the needs of some of their more complex cases without incurring heavy costs, and so switched to Laserform from Advanced. Charlotte Corbyn, solicitor at Taylor Rose explained: “The forms we were using just wasn’t practical for a firm like ours. One of the major […]

Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies

By Oliver Quarmby, Alexandra O’Grady The AIC Code is a framework of best practice in respect of the governance of investment companies published by the Association of Investment Companies (AIC). Founded in 1932, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, real estate investment trusts and venture […]

Right of first refusal clauses are now recognised by Bulgarian courts

By Diana Dimova, Nina Tsifudina The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No. 2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”) clauses. This decision opens the door for the enforcement of such clauses in Bulgaria. It […]

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John Joyce

Addleshaws to create new revenue targets after exceeding £250m goal

Addleshaw Goddard has surpassed its target to be a £250m firm, with revenue shooting up 13 per cent to £275m over 2018/19. The double digit increase follows 2017/18’s growth spurt, when revenue increased by 23 per cent from £242m, having lagged behind the £200m mark at £197m in 2016/17. Average profit per equity partner has grown […]

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Litigation funder secures €9.5m deal to back overseas trucks dispute

Litigation funder Vannin Capital has secured an agreement to fund the Spanish leg of the trucks cartel dispute. The funder announced it has entered an agreement with System Capital – a private family office in Andorra – to fund the claim in Spain, which is spearheaded by Andersen Tax Legal. Systema will provide funding for […]

Raft of firms set for Court of Appeal Heathrow showdown

A host of law firms will face off in the Court of Appeal after campaigners opposed to the expansion of Heathrow Airport were granted permission to challenge the High Court ruling. DAC Beachcroft, Bryan Cave Leighton Paisner, CMS Cameron McKenna Nabarro Olswang and Leigh Day are among the firms who will be acting for parties […]

Mid-tier financials: TLT and Foot Anstey record continued revenue growth

Foot Anstey has recorded 9 per cent revenue growth for 2018/19 in its latest set of financial results. The Exeter-founded firm saw turnover rise from £43.4m to £47.2m, with significant growth in the financial services practice in particular. Work related to Islamic finance grew by 75 per cent, and private equity by 85 per cent, […]

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