Shearman bulks up arbitration in Washington, DC

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Latest Briefings

Tax ruling by Luxembourg to McDonald’s Europe franchising did not involve illegal state aid- European Commission

On 19 September 2018, the European Commission concluded that a tax ruling granted by Luxembourg to McDonald’s Europe Franchising did not constitute illegal State aid. The Commission acknowledged that Luxembourg had correctly applied the Luxembourg-United States tax treaty. While this decision concerns an individual case, it suggests that State aid rules are not an appropriate […]

Energy tax matters – Prinsjesdag 2018

The Budget Day Package 2018 contains a separate bill (‘Fiscal greening measures 2019’) with measures to reduce CO2 emissions. The proposal includes, among other things, the following changes in energy tax: Promoting electrification: shifting energy load from natural gas to electricity. The tariff in the first disc for natural gas is increased by EUR 3ct / m2, […]

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

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Ignorance isn’t bliss

Springwell Navigation’s claims of financial naïveté failed to pay off in its dispute with JPMorgan Chase Bank. Financial services providers facing the threat of litigation should take heart. On one reading the recent decision of the Commercial Court in JPMorgan Chase Bank v Springwell Navigation (2006) should have given comfort to providers of financial ­services […]

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Clifford Chance makes US litigation layoffs

Clifford Chance announced it was laying off 20 associates in its US offices. Clifford Chance makes US litigation layoffs” />Clifford Chance announced yesterday that it was laying off 20 associates in its US offices. The associates are all in Clifford Chance’s 100-lawyer plus litigation and dispute resolution department in its New York and Washington, DC […]

TLT Solicitors

UK 200 Position: 68 UK … Position: 67 Firm: TLT Solicitors Turnover: £41mProfit per equity partner: £268KEarnings per partner: £144KEquity spread: £135K-£310KNet profit: £5.4mProfit margin: 13 per centRevenue per fee-earner: £93KRevenue per lawyer: £234KRevenue per partner: £569KRevenue per equity partner: £2.05mTotal number of fee-earners: 439Total number of qualified partners: 175Total number of lawyers: 72Total number […]

Eversheds’ pensions dept gains Leeds chief

Eversheds has hired one of the partners who left Hammonds at the end of its lock-in period to head its Leeds pensions group. Terry Saeedi, who led Hammonds’ Leeds-based pensions group, was one of three Hammonds partners to quit the firm earlier this month (TheLawyer.com, 2 October). Eversheds pensions chief Anthony Arter said: “Having headed […]

Surveyor joins LG real estate team

LG has hired a former chartered surveyor as operations director in its real estate team, a new role created to help develop the property practice. John Heawood joins from property company Segro, where he was executive director. A spokesman for LG described the new role as a hybrid of business development and finance. Heawood will […]

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