The tax authorities in the region have been intensely active towards the end of 2013 and the beginning of 2014 and have implemented several legislative changes. The Republic of Serbia has introduced a transitional regime that will be in force until an electronic tax return filing system and the unified collection of withholding tax have […]
Royal Dutch Shell has appointed Donny Ching as its new legal director with immediate effect. Former-barrister Ching has been based in Rijswijk in the Netherlands as general counsel for Shell’s project and technology group, which provides technical support in upstream and downstream work and is also responsible for leading Shell’s safety, environment and contracting and […]
I meet Jeremy Gauntlett on a crisp winters’ day but he is already concerned about the state of the British weather. The venerable Zimbabwe-born barrister is no stranger to London’s idiosyncratic climate, having been a tenant at Brick Court Chambers for eight years but he is now here to stay, having signed up as a […]
National firms TLT and Weightmans have both reported audited rises in turnover and profit, with little change in debt levels, for the 2012/13 financial year. The two firms were among the latest to file LLP accounts at Companies House last week. TLT’s LLP accounts show a rise in profit and turnover following the firm’s launch […]
Norton Rose Fulbright reduced its net debt by 72 per cent last year, the firm’s LLP accounts have shown, with a 119 per cent increase in cash negating a rise in bank borrowings. The accounts show that at the end of the last financial year Norton Rose Fulbright held £47.8m in cash in hand and […]
At the end of last year we reported on an HMRC crackdown on a national insurance-related loophole that could kick off a wave of capital calls across the UK. Well, those calls have started. As we reveal today, both TLT and Trowers & Hamlins have told their fixed-share partners (FSPs) that they can expext to […]
Irwin Mitchell is due to open its ninth UK office in Southampton on 7 April. The new office will be led by regional managing partner Guy Darlaston, who will transfer from his current role as a personal injury partner in the London office. The office will open with Court of Protection and personal injury teams […]
Skadden Arps Slate Meagher & Flom has rejigged its management committee, with London managing partner Bruce Buck handing the bat to M&A partner Pranav Trivedi. Buck’s move was announced internally two weeks ago, ending a 25-year stint managing the City base after he founded the office in 1988. He remains the firm’s European managing partner. […]
US firm Reed Smith is to extend its Pittsburgh-based support team to London in a move that could see it rejig some staff working hours in the US. The move is spearheaded by the firm’s Pittsburgh-based client value chief Vincent Cordo, who joined the firm from Squire Sanders last June. He is looking for a […]
As the extended aftermath of the 2007–08 subprime mortgage and global financial crisis continues to unfold, financial markets regulators have been criticised by members of the punditry for missed opportunities to charge senior executives. There are many sound reasons for this purported lapse in regulatory assertiveness. For offences that often require proof of fraudulent intent […]
Google’s long-standing competition adviser Cleary Gottlieb Steen & Hamilton has helped the search giant avoid a fine of up to £3bn from the EU’s Competition Commission. The European Commission yesterday announced an agreement with Google in order to close a three-year anti-trust probe into the business. The EU investigation was centred on whether Google had […]
TLT is expected to be amongst the first group of firms to issue a cash call to fixed-share partners (FSP) in response to HM Revenue & Customs’ (HMRC) changes to partnership taxation. In a move that is expected to become indicative of a growing trend across the profession, the firm has requested that each FSP, […]