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Latest Briefings

Supreme Court upholds NCLAT judgement ruling that insolvency proceedings may be invoked against corporate guarantor before proceeding against the principal debtor

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

Cross-border transactions with related parties on the tax radar in 2019

By Branimir Rajsic The Serbian Tax Administration (the “TA”) recently issued the annual plan on tax audits for 2019 (“Plan”), published on the TA’s website. According to the Plan, the focus will be on the following: taxpayers incorporated by non-residents with significant related-party transactions, in particular control of the application of double taxation treaty provisions, taxpayers […]

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Commercial cream of the crop

When selecting a dream team, some players are always first to be picked. But what of their support? Mike Yuille reports. Mike Yuille is a freelance journalist. In a solicitor’s fantasy counsel team, some names are bound to be first choice. Of these, the most frequently mentioned is Jonathan Sumption QC of Brick Court Chambers. […]

CPS union calls for Crown Court boycott

The CPS lawyers’ union has urged prosecutors with newly acquired rights of audience to boycott the Crown Courts, because of a pay dispute with the management. The CPS section of the Association of First Division Civil Servants (FDA) issued the advice last week, when it accused the management of unilaterally breaking off pay talks. A […]

Child abuse aid cuts

I refer to your article “Child abuse lawyers form group to campaign against legal aid cuts” (The Lawyer, 12 May). NAPAC – the newly formed National Association for People Abused in Childhood – fully supports the formation of this group and hopes that it can co-operate with ACAL in the near future. It would also […]

The battle for supremacy

Competition between lawyers and accountants is hotting up as the Law Society of Ireland debates MDPs, says Mary Heaney Next month the Law Society of Ireland Council is set to consider the controversial subject of multidisciplinary partnerships (MDPs). Whatever conclusion it arrives at, the betting is that MDPs, for better or for worse, are on […]

In brief: JHC Forum system

JHC has asked us to point out that the IT system being used by Ashurst Morris Crisp is a predecessor to its Forum system, recent versions of which are millennium compliant.

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