Related briefings

Certain Romanian competition law provisions on hold (for now)

Several provisions of Competition Law no. 21/1996 (the “Competition Law”) are currently suspended and may lose their legal effects beginning of September, following a recent decision issued by the Constitutional Court of Romania (CCR).

Montenegro: Insight into the New Companies Act

The new Montenegrin Companies Act which entered into force on 11 July 2020, is an innovative and thoroughgoing codification of Montenegrin Corporate Law. The legislator opted for a comprehensive legal instrument which, compared to the previous law, contains more detailed and exhaustive rules determining the establishment, management, restructuring, termination and functioning of business entities.

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple’s Irish tax structure, annulling the 2016 decision of the European Commission (EC). As a result, Ireland is at present not obliged to reclaim the amount of EUR 13 billion from Apple. The decision is not yet final due to the EC’s right to appeal.

Czech Republic: Managing director and invalid employment contract, work injury

The Supreme Court of the Czech Republic recently issued an interesting decision concerning the employment of a managing director and an accident at work. It should be noted that this decision does not relate to a long-term problem with the concurrence of functions, i.e. the (im)possibility of performing the function of a managing director in an employment relationship, but reflects a situation where the managing director performs non-parallel work, i.e. work outside the function of a statutory body.

Latest Briefings

Permission in principle – growth, renewal, protect

The biggest shake up of the planning system since 1947 continues apace with the announcement, on 2 August, of government plans to create an automatic green light for development within specifically designated areas of the country.

Setting aside company transactions involving Jersey, Guernsey and BVI companies

Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.

Recommended

St Philips appoints former Bar chief as new head of chambers

St Philips Chambers has appointed a new head of chambers in Birmingham, with Andrew Smith QC stepping down. The set has appointed Richard Atkins QC (call 1981) as its new head. Atkins was previously the chair of the Bar of England and Wales in 2019 and leader of the Midland Circuit of three years between […]

In court this week: PrivatBank, fintech and Shell with Hogan Lovells, Freshfields and Debevoise

While proceedings have already gone on for some time in the dispute between Privatbank v Kolomoisy & Ors, this week sees the first case management conference take place pitting Hogan Lovells up against Fieldfisher, Pinsent Masons and Enyo Law. On Thursday and Friday, the court will consider directions to trial and the scope of disclosure […]

Figurines standing on stack of coins to show salary grades

The economics behind the magic circle salary cuts

Allen & Overy and Clifford Chance turned heads this week by announcing salary cuts of 10 and 5.5 per cent respectively for newly-qualified (NQ) solicitors. However, a glance at the magic circle’s NQ data since 2007 shows that this is a predictable precaution and like most law firms in the City, they are expecting a […]

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