Summer Budget 2015: top law firms set out the key legal implications
A selection of firm briefings on some of the legal implications to emerge from this week's Budget...
July 10, 2015 at 08:07 AM
2 minute read
Whatever your political persuasion, this week's Budget, delivered by a chancellor now unencumbered by Liberal Democrat coalition partners, provided plenty to dwell on, including much of note for lawyers and their clients.
Changes to corporation tax, pensions and the bank levy, as well as a partial adoption of Labour's election pledge to overhaul the non-dom tax system, were among the announcements lawyers now should be getting up to speed with.
Many law firms have already had their say, and Legal Week Law, our briefings library, is featuring a selection of articles on the key topics, from the perspective of private clients and tax lawyers, to investment fund managers and employers.
If you are not already signed up for Legal Week Law, you can complete your free registration here to gain access – here are some of the briefings worth checking out:
- Summer Budget: key points for private clients, Macfarlanes
- A good Budget for UK plc: reaction to the summer Budget 2015, Eversheds
- Pension changes in the summer Budget, Bond Dickinson
- Budget update: changes to the taxation of carried interest, Macfarlanes
- Key points for investment funds from the summer Budget, Nabarro
- Summer Budget 2015: tax briefing, Herbert Smith Freehills
- Budget news: pensions tax relief cut for high earners, Nabarro
Click here to download the full Budget document and click here for the Treasury's point-by-point summary of the key announcements
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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