Monthly Archives: January 2016

ILN Today Post

International Lawyers Network Shortlisted for The Lawyer’s Law Firm Network of the Year Award

TLEU 011 Shortlisted Logo_CMYK21

The International Lawyers Network has been shortlisted as Global Network of the Year by The Lawyer.” The winners of this category will be announced at The Lawyer European Awards 2016 at the Hilton London Bankside Hotel in London, England on Wednesday, March 9, 2016.

This is the first time the category for Global Network of the Year has been included for consideration in the awards. In evaluating submissions, judges looked for evidence of strategic vision, with particular focus on cross-border initiatives, consistent excellence in the delivery of legal services and outstanding talent management.

“We are honored to have the International Lawyers Network shortlisted as Global Network of the Year,” said Lindsay Griffiths, Director of Global Relationship Management. “We pride ourselves on innovative marketing strategies and dedication to fostering relationships among our members. We believe this helps set us apart from other worldwide legal networks.”

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Thomas S. Fitzpatrick Co-Chairs MCLE’s 15th Annual Business Litigation Conference

On January 22, Davis Malm shareholder Thomas S. Fitzpatrick co-chaired the Massachusetts Continuing Legal Education’s (MCLE) 15th Annual Business Litigation Conference. Mr. Fitzpatrick’s presentation, “Year-in-Review: Top 10 Cases,” analyzed how the top cases of 2015 impact litigation practices. He also moderated a panel of judges from the Business Litigation Session, who discussed recent trends and addressed questions regarding the judicial panel sessions.

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ILN Today Post

Jalsovszky launches banking & finance practice group

As of January 2016, Jalsovszky Law Firm is expanding its services with the introduction of a Banking & Finance practice group. The new team is headed up by Gábor Pázsitka, one of the leading attorneys in the Hungarian banking & finance legal market. With almost 20 years’ of professional experience, including 10 years at the finance practice groups of two Magic Circle international law firms, Gábor joins the firm as a partner. Currently consisting of three lawyers, the group advises on the full range of banking and finance matters, including syndicated lending, project and structured finance.

There is another significant organisational change at the firm that celebrated its 10th anniversary recently. As of 2016, István Csővári, one of the leading tax lawyers at Jalsovszky, has been promoted to a partner at the firm, with a primary focus of further developing the internationally acknowledged, market-leading tax practice. István will also continue to participate in other advisory practices of the firm.

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RSS and the Montreal Museum of Fine Arts join forces

January 29, 2016 — The Unplugged event in connection with the Colours of Jazz exhibition was the perfect occasion for RSS to demonstrate its support for the Young Philanthropists’ Circle of the Montreal Museum of Fine Arts Foundation.

The event, that took place on Thursday, January 28, allowed our guests and members to admire the works created almost a century ago by the Beaver Hall Group, while mingling in a most joyous atmosphere. Associating our firm with an exhibition of works created in the 1920s was a natural fit, since RSS was founded in 1921.

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Week of January 25, 2016 on ILNToday – A Roundup!

roundupAnd just like that, we’re at the end of January!  How did everyone do with their LinkedIn Challenge? As a result of my efforts, I reached out to 34 people who are not regular contacts of mine on LinkedIn, and ended up having conversations with seven of them. One of those led to my introducing that contact to two of the lawyers in my Network who may be good referral sources for him, and another may be an opportunity for me to showcase a blog post for the connection on our website. It’s become such a regular habit now that although I don’t think I’ll be as committed to it on a regular basis, I can see myself using anniversaries, birthdays and new jobs as an opportunity to reach out by email to connect, rather than simply “liking” someone’s updates from now on – just a little bit of extra effort has provided a much richer experience on LinkedIn!

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ILN Today Post

Executors: it’s time to turn detective or risk a penalty

An essential part of any executor’s job is to work out the assets and liabilities of the estate that they are administering. An executor also owes a statutory duty to HMRC to correctly report the value of the estate to it so that, if any Inheritance Tax is due on the estate, the right amount is paid.

The job of the executor is made more difficult because the Inheritance Tax rules require gifts made in the seven years prior to death to be brought back into account. However it’s not uncommon for an executor to know next to nothing about the deceased’s personal finances, let alone what gifts the deceased has been making and to whom. This can be a real problem for executors because if the executor reports to HMRC that there have been no gifts but HMRC is able to produce evidence of gifts having been made, the executor may receive a tax geared penalty, calculated with reference to the potential tax forgone if the gift had remained undiscovered, which the executor is personally liable for. So how much detective work does an executor have to do to avoid any risk of getting a penalty for undeclared gifts?

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The Wage Hour Division Issues an Interpretation on Joint Employment Relationships

Joint EmploymentAs part of the Wage Hour Division’s continuing focus on defining the employment relationships covered by the FLSA, the Division’s Administrator has issued an Administrators’ Interpretation (as well as a Fact Sheet) addressing joint employment relationships.  At the very least, the Interpretation suggests that the Division will be seeking to use the “joint employer” doctrine to pursue multiple entities – and “deeper pockets” – to address wage issues.

“Larger and More Established” Employers

The Administrator’s Interpretation notes that joint employment often involves one “larger and more established” employer “with a greater ability to implement policy or systemic changes to ensure compliance.”  In those cases, the Administrator suggests that the Wage Hour Division may hold the larger company responsible for “financial recovery” and “future compliance.”

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ILN Today Post

Deception in divorce: non-disclosure of assets

Divorcing spouses in England and Wales have a legal duty to the court and to each other to provide full and frank disclosure of all capital assets, liabilities and income, not just in the UK but also on a worldwide basis. The duty is ongoing until the divorce is concluded, either by court order or by an agreement between the parties embodied in a consent order which is approved by the court.

The underlying principle is that couples are not allowed to hide any assets from each other during their divorce. Such transparency is essential to ensure that both parties are fully informed of what constitutes the family pot. Only then can the pot be fairly divided to meet the needs of each spouse and any children.

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ILN Today Post

Secondary insolvency proceedings

The Supreme Court has considered the meaning of “economic activity” and “establishment” for the purpose of deciding whether there can be secondary insolvency proceedings in the UK pursuant to European Regulation 1346/2000.

In Trustees of Olympic Airways Pension and Life Assurance Scheme v Olympic Airlines SA [2015] UKSC 27, the court had to decide whether the activities of Olympic Airways in England were sufficient to justify a winding up order in England where the main insolvency was in Greece.

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ILN Today Post

Erste Quotenzahlungen im Rahmen des Insolvenzplans der Spedition Peterhänsel bereits erfolgt

Nach der Aufhebung des Insolvenzverfahrens über die Spedition „Peterhänsel Internationale Transporte GmbH & Co. KG“ im Juli vergangenen Jahres, wurden bereits die ersten Quotenzahlungen an die Gläubiger vorgenommen. Die Planüberwachung durch die Insolvenzverwalterin Dr. Bettina E. Breitenbücher von der bundesweit tätigen Kanzlei KÜBLER, die das Unternehmen 30 Monate ohne Einschränkungen fortgeführt hatte, dauert noch bis Ende 2016 an.

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