Freshfields corporate associate Tomer Maharshak is leaving to join Israel’s second largest law firm Balter, Guth, Aloni & Co. Maharshak is a dual UK-Israeli qualified lawyer and a decorated Israeli Air Force officer. He has also previously worked for Israeli supreme court judges. Moshe Balter, Balter, Guth Aloni’s senior partner said: “Balter, Guth, Aloni & […]
The common experience of nations acceding to the EU is an avalanche of new legislation. Malta is no exception. Although preparations have been in progress for more than 10 years, at least since 1993, it was inevitable that more should have been done by 1 May 2004. Fortunately, the main legislative infrastructure was already harmonised […]
A proposal to modify the household tax regime to mitigate an increase in the tax rate for married couples’ aggregate income, and to change the tax treatment of deemed rental income from real estate owned for personal use, was rejected by public vote on 16 May 2004. However, those issues remain in the pipeline for […]
Mammoth 12-year international fraud case sees Swiss and UK courts at odds. By Brendan Malkin In a little-known scandal which rivals the Maxwell pension fraud in scale, DaimlerChrysler Canada more than $1bn (£520m) from its pension fund in 1992 after it was defrauded by bankrupt Canadian investment company the Castor Group. The US car giant […]
Judicial reform is the number one priority for Croatia’s bid to improve its civil, government and business systems to prepare for EU membership, the European Bank for Reconstruction and Development (EBRD) has said in its 2004 Transition Report. The EBRD has highlighted Croatia’s establishment of a Judicial Academy, in cooperation with the Law School of […]
The trust arm of Jersey law firm Bedell Cristin has deepened its penetration of the onshore sector with the launch of a business in Switzerland. Last November, Bedell Cristin Trust was the first offshore firm to establish a trust administration company in Dublin. Bedell plans to act for the super-rich who have trust administered bank […]
The Lord Mayor of London this week praised South Korea’s efforts to allow international law firms to have a presence in the country. Robert Finch, the current Lord Mayor and a partner at Linklaters, was speaking at a seminar in the South Korean capital Seoul organised by the Law Society and the Korean Bar Association. […]
Swiss cankerFormer US firm Baker & McKenzie (B&M) has chosen to restructure itself as a Swiss Verein. Upon hearing this, one of Tulkinghorn’s scribes, who admittedly knew very little about Vereins, Swiss or otherwise, was looking forward to a senior B&M partner explaining all. Former US firm Baker & McKenzie (B&M) has chosen to restructure […]
Baker & McKenzie (B&M) has reorganised its partnership structure, becoming the first international law firm to operate as a Swiss Verein. B&M has been studying different structures for years to escape the Illinois partnership that reflected the firm’s roots, but not its status as an international law firm. A B&M spokesperson said the change was […]
A TRAINING programme for Croatian judges and prosecutors has been launched to ease the burden on the International Criminal Tribunal for the former Yugoslavia (ICTY). The ICTY has been given until 2010 to wind up, although 2008 is the target. It is hoped that the training programme will enable some of its war crimes cases […]
UK and US firms are battling for supremacy in Europe’s most promising markets after Saturday’s (1 May) expansion of the EU. A survey by The Lawyer has found that, across the key Eastern European markets of the Czech Republic, Hungary and Poland, a handful of international firms are best placed to profit from the anticipated upswing in […]
The European Commission has raised fears that citizens of some countries joining the EU in May could defy EU regulations because they may not all have been translated into their national language. News service MaltaMedia has reported concern from officials working for EU Enlargement Commissioner Günter Verheugen that the translation of the 85,000-page ‘acquis communautaire’ was […]