Latest Briefings

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple’s Irish tax structure, annulling the 2016 decision of the European Commission (EC). As a result, Ireland is at present not obliged to reclaim the amount of EUR 13 billion from Apple. The decision is not yet final due to the EC’s right to appeal.

Service out: helpful rulings for claims involving international finance

In the recent related cases of Punjab National Bank International Limited v Vishal Cruises (Private) & others and Punjab National Bank International Limited v Passat Kreuzfahrten GmbH & others, the defendants’ challenges to jurisdiction were rejected. In so doing, the English Commercial Court provided helpful rulings for international banks in the context of applications to serve proceedings out of the jurisdiction, including the place for performance of guarantees, compliance with laws local to the finance obligors, and in relation to service under the Hague Convention.

Furloughed employees redundancy pay protected

The government has announced that it is introducing a new law which will require that redundancy pay for employees on furlough leave is based on their normal rate of pay.

Recommended

Schoenherr recognised as leading law firm in South East Europe by Chambers

Schoenherr has been named as as the South East Europe Law Firm of the Year 2015 by legal publisher Chambers and Partners. Schoenherr lawyers Monica Cojocaru, Miloš Laković and Marko Prušnik accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. Headline deals and […]

Wagamama

Latham grabs mandate for Wagamama in £600m sale

Slaughter and May, Latham & Watkins and Linklaters have been drafted in to advise on The Restaurant Group’s planned acquisition of pan-Asian food chain Wagamama, in the latest shake-up of the casual dining market. Wagamama’s debt and equity has been valued at £559m, while the co-owners, Duke Street and Hutton Collins look to gain up to […]

London

Cripps to merge with Pemberton Greenish in bid for South East weight

In a move that will further open up the lower mid-market, South East firm Cripps is to significantly expand its London presence through a merger with £11.6m property and private wealth-focused Pemberton Greenish – a deal that will see it overtake regional stalwarts such as Walker Morris and Foot Anstey. The December deal will create […]

London

Travers Smith and K&L Gates take lead on City broker merger

Travers Smith and K&L Gates have advised on City stockbroking company finnCap’s plans to buy M&A advisory boutique Cavendish Corporate Finance and list the newly merged business on London’s junior Aim market. The merger will create an advisory and capital markets business worth roughly £45m and will service small-cap companies. A team from Travers Smith, […]

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