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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 […]

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Simmons changes partnership deeds

Simmons & Simmons has changed its partnership agreement to include gardening leave for the first time after losing nine partners this year. Four of the high-level departures took place in the last three months. A source close to the City firm says: “Simmons has just put in place a new partnership agreement which requires six-months’ […]

Battle Fowler raids conservation body

Valerie Campbell has joined as special counsel in the Midtown-based firm’s land use, environmental and governmental affairs group. Campbell will focus on land use, environmental and historical preservation aspects of large commercial real estate transactions. She practised at Brown & Wood before becoming deputy counsel at New York City’s parks and recreation department.

Flotation

Olswang acted for Greg Middleton & Co, the sponsor and broker on the flotation of LA Fitness on the London Stock Exchange. The Olswang team was led by corporate partner Simon Morgan, assisted by tax partner Mark Joscelyne and property partner Doreen Harris. Berwin Leighton acted for LA Fitness and certain selling shareholders with corporate […]

Litigation Recent Decisions 13/12/99

Cases from LAWTEL’S PI Quantum Database. Contact Deborah Talbot on 0171 970 4823 Lords to hear custody fight A mother has been given leave to take her custody fight to the House of Lords. The woman gave birth to her daughter in 1992 in the Republic of Ireland and separated from the father in 1995. […]

Irwin Mitchell hives off housing group

National firm Irwin Mitchell has off-loaded its housing management team in Birmingham to local firm Lee Crowder. Partners Andy Ballard and Simon Denslow will transfer along with one solicitor, five paralegals and six support staff. Irwin Mitchell describes the moves as part of its long-term plan to concentrate on corporate work. Joe Simpson, managing partner […]

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