Monthly Archives: September 2016

Lidings announces the launch of its new bankruptcy and restructuring practice

Lidings law firm proudly announces the launch of a new practice area: Bankruptcy and Restructuring. The practice consolidates the firm’s existing expertise in providing legal support during bankruptcy procedures conducted within the scope of dispute resolution. The new area is being headed by Lidings’ Partner Stepan Guzey, whose activities are focused on managing major projects in the area of restructuring, insolvency and bankruptcy.

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A Plaintiff’s ATM & Cell Phone Records May Be Discoverable When There Is a Particularized Showing of Relevance

Michael D. Thompson

Michael D. Thompson

In Gonzalez v. Allied Concrete Industries, Inc., thirteen construction laborers filed suit in the Eastern District of New York.  The plaintiffs claimed they worked in excess of forty hours per week, but were not paid overtime in violation of the Fair Labor Standards Act and the New York Labor Law.

To obtain information regarding the plaintiffs’ activities during hours they claimed to have been working, the defendants sought an order compelling discovery of their ATM and cell phone records.

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ILN Today Post

“Some other substantial reason” and the ACAS Code of Practice

Can employees claim an uplift of up to 25 percent in the circumstances of a dismissal for “some other substantial reason”, such as an irretrievable breakdown in the relationship between employee and employer? 

Not according to the Employment Appeal Tribunal’s decision in Phoenix House Ltd v Stockman and another. 

Although the employee’s dismissal was found to be both procedurally and substantively unfair, the Employment Appeal Tribunal held that the ACAS Code of Practice on Disciplinary and Grievance matters does not apply to dismissals for “some other substantial reason”.  This meant that the successful Claimant was not entitled to receive an uplift of up to 25% on the compensation awarded to her because of the employer’s failure to follow the ACAS Code.

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ILN Today Post

UK residential properties held through offshore structures: a call to action

Owners of UK residential property held through offshore structures, including non-UK companies and partnerships, should urgently review their structures following the publication of a further consultation by the UK Government on 19 August 2016. The consultation confirms that residential properties in these structures will be exposed to UK Inheritance Tax (IHT) from 6 April 2017. The aim of the changes is to bring all UK residential properties within the charge to IHT.

The Government first announced its intentions as part of its Summer Budget in 2015 but limited details have been available until now. However, the consultation confirms that the new rules will apply from 6 April 2017, which gives very little time to consider the implications and reorganise the structure if necessary.

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ILN Today Post

Fladgate boosts sports practice with appointment of specialist sports business team

Fladgate LLP is delighted to announce the appointment of a specialist sports sector team.  Partner James Earl has joined from Pinsent Masons, together with senior associate David Quinlan and associate Muhammed Bhaimohmed.  It is anticipated that the client base of the incoming team will add significantly to Fladgate’s extensive sports practice.

James joins as head of Fladgate’s Sports Business Group and will lead the next phase of development as the team targets areas of high value and investment in the sports sector.  The enlarged team of ten partners and associates will focus on the following key areas:

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ILN Today Post

New immigration regulations and an employment department update

New Immigration Regulations – Self-paid personal income tax in advance using PND 93 will no longer be accepted for long-term visa and/or visa extension applications.

Thailand’s Immigration Bureau has changed the requirements for personal income tax documents that need to be submitted for long-term visa applications and/or extensions. The change applies to visa applications for both the regular process and rapid process at the One Stop Service Center (OSSC). The new Regulations became effective on September 5, 2016. The submission of self-paid personal income tax in advance using the PND 93 will no longer be accepted. Only the officially certified copy of the monthly salary withholding tax (PND 1) will be accepted.

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Week of September 5, 2016 on ILNToday – A Roundup!

roundupDespite the holiday here in the states to kick off this week, it’s been quite busy around here, with the launch of the ILN’s Third Edition of the Corporate Group’s Guide: “Establishing a Business Entity In: An International Guide.” We’re very excited about the updated guide, and encourage you to take a look at this comprehensive document that brings together experts from 22 jurisdictions.

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ILN Today Post

Massachusetts: Legislation regulating transportation network companies becomes law

In early August, Massachusetts’ Gov. Charlie Baker signed Bill H.4570 into law, promptly declaring that the legislation creates a modern statewide regulatory framework for transportation network companies, with a priority on public safety.

According to the governor, the measure includes support for the following, ensuring that Massachusetts remains a leader for innovative new technologies:

  • Transparent pricing
  • Properly marked and inspected vehicles
  • Clear insurance standards
  • Authorization of service at Boston Logan International Airport and the Boston Convention and Exhibition Center
  • The strongest state background check requirements in the nation

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ILN Today Post

South Carolina: Tax reform is back on the table

In December 2010, the South Carolina Taxation Realignment Commission (TRAC) issued its 240 page Final Report, the result of “the most comprehensive and holistic study of [the] [s]tate’s tax structure.” The report contains TRAC’s assessment of the adequacy, fairness, and efficiency of the Palmetto State’s tax system, with the ultimate goal of ensuring that “South Carolina remains an optimum competitor in its efforts to attract business and individuals to locate, live, work, and invest in” the state.

The report concluded that while South Carolina is a low tax state, compared to its neighbors, the region, and nationally, the current tax structure is hindered by structural deficiencies that challenge the system’s ability to produce a stable stream of revenue over time, for even the most basic of services. Additionally, the current structure is inadequate for producing a system that is fair in its treatment of all taxpayers.

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Sergey Aksenov Launches Investment Fund

Mr. Sergey Aksenov, Managing Partner of Lidings law firm, announced the launch of an investment fund and expansion of his business interests.

Sergey Aksenov is the founder and Managing Partner of Lidings since the firm’s establishment in 2006. In this time period Lidings has become the best “go to” law firm advising foreign businesses which is regularly proven by the Russian and international rating agencies. Today the firm advises close to 500 companies from 45 countries worldwide, many of which are listed in the Fortune Global 500.

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