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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

merger deal

Pitmans adds £1m to top line with Calverts tie-up

Pitmans has acquired City-based Calverts Solicitors, adding £1m to its top line and taking headcount to over 250. Calverts’ three partners, four consultants and a trainee all moved into Pitmans’ London office on Thursday (1 October), with support staff expected to move over in the coming weeks.    Pitmans’ managing partner John Hutchinson told The […]

Foundation as trustee – a marriage made in heaven

By Steve Meiklejohn I recently assisted a Middle Eastern family who were desirous of creating a trust structure to hold their assets situate outside the Middle East. The case perfectly illustrated the tension that can exist when trying to create a structure that will be both valid and robust, but at the same time will […]

Cyprus signs a tax treaty with Iran for the avoidance of double taxation

Cyprus has recently concluded a Double Tax Treaty (DTT) with Iran. The treaty was signed on 4 August 2015 and shall enter into force once each country completes the ratification process. The new treaty is based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention framework and will contribute to the expansion […]

Bär & Karrer advises PKB Privatbank on agreement with US Department of Justice

Within the framework of the US program in which it participated voluntarily, PKB Privatbank has reached a non-prosecution agreement with the US Department of Justice.  PKB Privatbank agreed to pay $6.3m and to further cooperate with US authorities. In return, the US Department of Justice will abstain from criminal prosecution. The penalty amounts to approximately […]

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