Gillian Harkess, food and drink regulation expert at Eversheds, has commented on calls to introduce a tax on soft drinks in the UK. Harkess said that the focus on healthy living is a trend not limited to Europe, with the US seeing an increase in consumer health litigation against the food and drink industry. She […]
Norilsk Nickel, a north Russian nickel and palladium mining and smelting company, is hardly a household name. Yet, the metals giant is making waves in the Russian Eurobond market. In April, Norilsk launched a successful $750m five-year Eurobond with an annual coupon rate of 4.375 per cent. That made it the largest ever Eurobond transaction […]
Walker Morris has previously described the government’s new ‘shares for rights’ scheme and the opportunities it may present for the private equity community. Some aspects of the scheme were still a little unclear as at 1 September 2013, hence the government’s attempt at clarification through its guidance. In reality, the guidance does not tell us much that we did […]
The grim details of Manches’ downward slide are revealed on TheLawyer.com today, exposing an unpaid tax bill which forced the firm into administration prior to its takeover by Penningtons. Penningtons ended up paying just £500,000 for Manches’ work in progress despite originally setting out for a merger of equals. When the two firms first started […]
India’s former solicitor general Gopal Subramaniam has joined 3 Verulam Buildings (3VB) as an associate member as the set aims to further expand into Asia market. Subramaniam is understood to have met Ali Malek QC, who was appointed head of 3VB in 2009 (15 October 2009), in recent months. He was solicitor general from 2009 to 2011 […]
The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013, which came into effect on 1 October 2013, change the current narrative reporting framework under the Companies Act 2006. Under the new framework, companies will prepare a ‘strategic report’, which will be a separate part of the annual report and not simply a section […]
The guidance has been updated to reflect the revised version of the UK Corporate Governance Code and the FRC Guidance on Audit Committees, which apply to main market companies for reporting periods beginning on or after 1 October 2012. The guidance includes model terms of reference outlining the roles and responsibilities of each committee. The […]
The first edition of Ogier Fiduciary Services (Cayman)’s regular client briefing covers the annual billing cycle and the changes that you will notice on your annual invoices, the potential impact of FATCA and the work that Ogier has done to date to prepare to assist you with its introduction next year, changes made to its […]
Patricia M Hynes, senior counsel at Allen & Overy, has received the New York Law Journal’s 2013 Impact Award. Hynes was recognised for her commitment to public service; for her outstanding representation of clients during the financial crisis; and for her role as chair of the Legal Aid Society in steering the agency away from financial peril. […]
A difficult question continually faced by broker-dealer compliance and legal personnel is whether their roles and duties can lead to them being considered supervisors of business personnel, and thereby subject them to liability for ‘failure to supervise’ if those business personnel engage in activities that violate applicable laws, rules and regulations. The Securities and Exchange […]
Japan is the world’s third-largest economy and remains cutting edge in business. In 2012, 68 Global 500 companies were headquartered in Japan, demonstrating the strong global orientation of Japanese businesses. Japan can be counted on to make long-term investments, due to its culture of respect for the individual, value for education, demand for quality and […]
Litigants should give serious consideration to the possibility of settling small claims using the free mediation service, which has a number of things going for it, not least reduced legal costs. The advantages of alternative dispute resolution (ADR) are well documented, with the most obvious benefit being that — where successful settlements are reached — disputes are […]