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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 […]

Recommended

Capital One UK's new legal chief prepares for overhaul

Capital One UK is to double its in-house team within the next 12 months, according to its new head of legal, former Freshfields Bruckhaus Deringer partner Nick Carter. Carter has joined the US-based bank as international chief legal counsel. He is responsible for all legal functions outside the US, including the UK, Europe and South […]

Paisner partners take the US dollar

Two top corporate partners are poised to leave Paisner & Co, just a month before the firm merges with Berwin Leighton. Stephen Nelson, who has been a partner at Paisner since 1986, and fellow corporate partner Paul Lewis are in discussions with their firm about the departure. Lewis has been a partner at Paisners since […]

Corporate

Billiton agrees on $28bn (£19.57bn) dual-listed company merger with BHP to form BHP Billiton. Billiton advised by Linklaters & Alliance (Charlie Jacobs) and Freehills. BHP advised by Slaughter and May and Allens Arthur Robinson. Vattenfall, the Swedish power company, agrees a three-year contract to handle Electricity Direct’s trading and risk management services with an estimated […]

Gaymer wins senior partner position

Simmons & Simmons has appointed head of employment Janet Gaymer to succeed Bill Knight as the firm’s senior partner. Gaymer emerged as the firm’s most popular candidate in the first ballot, after being opposed by head of corporate finance Stuart Evans and senior commercial partner Edwin Godfrey. She becomes the only female senior partner at […]

Outsourcing teams cash in on BBC and BT property deals

Outsourcing specialists are witnessing a rush of activity as the financial year is coming to an end and as the BBC and British Telecommunications (BT) reach crucial stages in deals that will revolutionise their relationships with their property portfolios. Freshfields Bruckhaus Deringer has enjoyed a double win. Its client Land Securities Trillium was appointed as […]

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