Tax Update: Australian tax and GST treatment of bitcoin and other crypto-currencies

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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drax

HSF client Drax loses £1.3bn Government subsidy case

Herbert Smith Freehills (HSF) client Drax has been defeated in the Court of Appeal over £1.3bn in Government renewable energy subsidies. Partner Nusrat Zar represented the power giant in its row over the Government’s decision to withdraw subsidies for the energy giant’s conversion from coal-power units into biomass-fuelled generators last year. The firm secured a […]

Essar

Essar Energy GC considers adviser shakeup following delisting

FTSE 250 company Essar Energy’s legal team is being restructured following its controversial de-listing and general counsel Sheena Singla is considering an informal panel shake-up as a result. Ashurst, Baker & McKenzie and Dentons could all receive more work from the energy giant when Singla and her team are merged with Essar Capital’s in-house lawyers. India’s […]

Greenberg Traurig gets its tax man

Here’s a thing that doesn’t happen very often – this week a Slaughter and May partner has quit for a rival firm. Yes, Slaughters’ partner Graham Iversen has joined the bandwagon of lawyers at elite UK firms to jump ship for a US rival, with his move coming hard on the heels of the likes […]

Scotland
3

Burness Paull’s staff get 10 per cent bonus after rise in revenue

Scottish firm Burness Paull has awarded all its employees a 10 per cent bonus after the firm achieved a 20 per cent increase in its turnover in the 2013/14 financial year. The firm, which has seen its revenue grow to £46.3m, has said that it will concentrate its business strategy on three sectors – oil […]

Eversheds represents Hansa Bygg in construction contract appeal

In December 2013, NCC Construction was awarded the contract in the Municipality of Kalmar’s evaluation of the submitted tenders for the construction of a new fire station in Kalmar. Hansa Bygg, which was ranked second in the evaluation and was represented by Eversheds Stockholm, claimed that NCC Construction’s bid should have been disqualified since it […]

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