COVID-19 and the associated social distancing and other public health measures have had far-reaching practical consequences for court hearings. From the outset of the pandemic, the courts adapted quickly by introducing full remote hearings – initially for appeal hearings that did not require witnesses to give evidence, but also more recently for hearings involving witnesses. […]
On 28 January 2021, the Luxembourg Parliament approved the new law, which disallows the tax deductibility of interest and royalties payable to related corporate entities located in the EU’s list of non-cooperative jurisdictions for tax purposes. The new law will enter into force on 1 March 2021 and apply to interest and royalties accruing as from that date.
On 7 January 2021, the British Virgin Islands House of Assembly enacted section 24A of the Eastern Caribbean Supreme Court (Virgin Islands) Act, which confers statutory jurisdiction on the BVI Court to grant interim relief in support of existing or intended foreign proceedings.
The first official guidance on the interest deduction limitation rules (″IDLR″) provided by Article 168bis of the Luxembourg Income Tax Law (″LITL″) was published in the tax circular (the ″Circular″) by the Director of Luxembourg Taxation, dated 8 January 20211.
The Virtual Asset Service Providers (Amendment) Act, 2020 (“VASP Amendment Act”) is now in force, as of 15 January 2021.
Volatile markets and economic downturns typically lead to increases in commercial litigation. Onshore proceedings can commonly involve offshore structures and we anticipate a growth in cases requiring the recognition and enforcement of foreign judgments.
The initial focus following the signing of the Paris Agreement was on the commitments made by governments from around the world to take action to combat climate change. The term climate finance was equated with the financial resources committed by governments for investment in the transition to a climate neutral global economy.
On 19 February 2021, the Supreme Court ruled in favour of workers in the Uber v Aslam case, marking the end of Uber’s landmark employment battle. The decision means that Uber drivers must now be treated as workers rather than as self-employed, entitling them to the employment rights that come alongside that.
The time is right for legal professionals to revisit their use of cloud based speech recognition solutions, to ensure they are using the most productive, cost-efficient, services.
On 11 February 2021, the British Virgin Islands Financial Services Commission published the Financial Services (Prudential and Statistical Returns) (Amendment) Order 2021.
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The demographics of the legal market are in flux with Covid 19 creating the conditions for a generational shift in working patterns.
With the arrival of the Akin Gump team, A&O’s US bench has doubled at a stroke.
Calls for reform of the CMA will be music to the ears of claimant litigators.
If Latham’s growth rate continues unabated, its future home could end up offering proportionately less space per staff member.
DMH Stallard has reached critical mass size – but it now has more work to do to secure its future.
Fans of celebrity showdowns will be denied their thrills this year following the Duchess of Sussex’s successful application for summary judgment against Associated Newspapers, but the Daily Mail’s favourite law firm still has a full pipeline for 2021. Over the last few years RPC partner Keith Mathieson has also fastened his grip on defence work […]
Bevan Brittan has handed out a 3 per cent pay rise to all its employees alongside an additional 3 per cent ‘thank-you bonus’ to be applied to the last six months and paid now. The firm had previously postponed its September 2020 annual pay review due to uncertain economic conditions caused by the Covid-19 pandemic. […]
Ropes & Gray has added a new partner to its funds team, in the same week it also launched a European life sciences group with a recruit from Arnold & Porter. Emily Brown is the latest funds joiner from Schulte Roth & Zabel. She has been at Schulte’s London office for over two years and […]
Linklaters has rolled out a platform to change the way its secretarial function operates in light of new working practices introduced during the pandemic. The magic circle firm has bought a third-party platform, called Service Now, to ensure better work allocation across its secretarial pool. With the prospect of a hybrid model split between remote […]
Covington & Burling’s London revenue increased by 12 per cent last year, as global turnover also saw double-digit growth. This is after the firm’s City growth was static in 2019, decreasing by 0.1 per cent. In 2020, the firm’s revenue in its London offering leapt to $113.6m from $101.2m. In 2015, the firm’s London turnover […]
Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]
Simmons & Simmons has introduced a long-term working policy inspired by the changes brought about by the pandemic. The firm will introduce a hybrid working system that allows employees to work up to two to three days per week from home when restrictions are lifted, as agreed with line managers. Over the coming months, country […]