Last summer, the Court of Justice of the European Union (CJEU) ruled (in PPG Holdings BV (C-26/12)) that VAT payable on services provided for a Dutch pension fund was deductible by the employer if certain conditions were met. Since then, HMRC has issued a keenly awaited announcement in response to the ruling. It is important […]
Karanovic & Nikolic has announced the launch of the BECTELLA (benefits, executive compensation, tax, employment and labour law) alliance. The alliance, with 15 other global law firms, will refer work across a range of practice areas, covering 20 countries in five continents. Karanovic & Nikolic will cover five jurisdictions for the alliance.
Eversheds’ Madrid office has successfully represented pharmaceutical company MSD Spain in a landmark patent dispute, setting a new precedent for patent infringement cases. The Madrid Commercial Court ordered generic drug companies Chemo Iberica and Quimica Sintetica to pay MSD Spain damages of €20m (£16m) for infringement of the Losartan patent. Losartan is commercially known as […]
Shearman & Sterling has seen its London turnover rise 20 per cent after the firm’s new senior partner Creighton Condon pushed forward a three-year growth plan. The firm’s London office saw its turnover grow from $112.6m to $134.8m during the year, The Lawyer can reveal, while its global revenue inched up 9.1 per cent to […]
No5 Chambers has announced that John Butterfield will be appointed Queen’s counsel, bringing the total number of QCs at No5 to 26. Butterfield is a criminal and regulatory law specialist at No5 and has conducted many high-profile cases.
On 18 February 2014, on the request of a creditor represented by Jonas Löttiger and Hans Forssell of Eversheds, the attached land unit Lidingö Kostern 5, owned by the Russian Federation, was sold for SEK20.5m (£1.9m) by public auction in Sundbyberg, Sweden. The Russian Federation has contested the attachment and sale of the land unit for […]
Latham & Watkins has posted a 2.7 per cent rise in total turnover along with a 1.9 per cent increase in average profit per equity partner (PEP) for the 2013 financial year. Turnover reached $2.28bn last year while PEP hit $2.49m, compared to $2.23bn and $2.44m the year before. Revenue per lawyer also rose, by […]
Bingham has posted its biggest decline in firm-wide revenue for 20 years, with total turnover for 2013 falling by 12.6 per cent from $871.8m to $762m. As well as the $110m drop in revenue, average partner profit was also down, falling by 12.8 per cent from $1.69m to $1.47m. It is understood that numerous partners […]
Shoosmiths has advised Singapore-based Freight Investor Services on the strategic sale of a majority shareholding in Cleartrade Exchange (CLTX) to European Energy Exchange (EEX), a leading energy exchange in Europe and part of the Deutsche Börse Group. Partner Ben Turner and associate Gareth Davies led the law firm’s transaction team. CLTX is a regulated futures […]
DLA Piper has advised the McCambridge Group on the sale of Soreen to Gibbs Croft, part of Samworth Brothers. The acquisition includes the Soreen bakery site at Trafford Park in Manchester. The DLA Piper corporate team was led by partner Tim Lake with assistance from associate Nicky Randle. Catalyst Corporate Finance was also appointed to […]
Conyers Dill & Pearman has provided British Virgin Islands (BVI) and Cayman Islands advice to Honworld Group on the global offering of its shares and its listing on the Hong Kong Stock Exchange. Richard Hall of Conyers’ Hong Kong office advised on the matter, working alongside Wilson, Sonsini, Goodrich & Rosati and Kai Tong Law.
By Aimee Stevens and Joe Cohen In April 2009, as part of the European Commission’s Internal Market and Services Directorate General, the European Observatory on Counterfeiting and Piracy was set up. The European Observatory is a network of both public and private sector experts, as well as stakeholders, who are ultimately tasked with the promotion […]