Related briefings

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

Cayman Islands Updated Economic Substance Guidance

Version 3.0 of the Cayman Islands guidance notes (“Guidance”) on the Cayman Islands’ economic substance legislation provides additional assistance in interpreting the International Tax Co-operation (Economic Substance) Law (the “ES Law”).

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

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Mayer Brown preps for 50 per cent office capacity from September

Mayer Brown is gearing up to repopulate its London office, with around 50 per cent of its City staff expected to return, albeit on a voluntary basis. The firm said that the opening of schools next month would allow its staff and partners to flex their working week. It will be up to the lawyers […]

Aitman

Freshfields’ Aitman lines up next roles post-Fleet Street

Former Freshfields Bruckhaus Deringer managing partner David Aitman is to take on two non-executive roles after wrapping a 20-year career at the magic circle firm. Aitman, who is leaving the firm this month, will serve as a special adviser to Paul Colson, the chairman of packaging company Ardagh Group, a €7.7bn Luxembourg-based packaging company that […]

AstraZeneca

Deals round-up: AstraZeneca’s latest collaboration and Legal & General’s buy-in

Gowling WLG steered AstraZeneca through another significant deal last week, taking the lead for the pharmaceutical powerhouse on its $6bn cancer drug collaboration agreement with Daiichi Sankyo Company. As part of the agreement, AstraZeneca and Japan’s Daiichi will jointly develop and bring to market a cancer therapy drug in early clinical tests called DS-1062, a […]

Scalpel

MoFo preps office rota system – but holds back on reopening date

Morrison & Foerster (MoFo) is grappling with when its staff might return to the London office, establishing a rota system for two teams. The plan for London has been devised by Europe managing partner Paul Friedman and head of legal talent and recruitment Lynnsey McCall. Once it finally reopens, the firm will operate rotations between […]

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