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International Edition

Breaking the deadlock – can Russia and Cyprus' business partnership survive the island's banking crisis?

The Cypriot banking crisis in March caused plenty of headaches for Russian businesses. It is no secret that Russian businessmen hold a significant amount of funds in accounts with Cypriot banks. Historically, the island has been the most popular jurisdiction for Russian investors, mainly because of the favourable double taxation treaty concluded with Russia (and with more than 40 other countries), flexible corporate governance rules, confidentiality and unique geography. The legal system in Cyprus – being based on English law – is by no means less important than the attractive taxation regime. Russian corporate legislation is traditionally famous for a number of mandatory rules that can make it too rigid.
9 minute read

International Edition

A&O, CC among firms pushing for renewal of Singapore law licences

Six international law firms awarded licences in Singapore's first Qualifying Foreign Law Practice (QFLP) round will need to secure a renewal next year if they wish to continue practising local law. Allen & Overy, Clifford Chance (CC), Herbert Smith Freehills, Norton Rose, Latham & Watkins and White & Case were the first group of foreign firms to be granted local licences in Singapore in 2009 as part of the Govern-ment's initiative to liberalise the legal market.
3 minute read

Inside Counsel

Litigation: To the tune of $3 billion, whistleblower claims are on the rise

At one time whistleblowers were relatively rare and isolated, and the law did not grant them much protection.
12 minute read

Inside Counsel

Judge orders Dow Chemical to pay $1.2 billion for price-fixing

A federal judge has ordered Dow Chemical Co. to pay $1.2 billion for fixing prices on the chemical urethane, upholding an earlier guilty verdict handed down by a federal jury earlier this year.
2 minute read

Inside Counsel

SEC reaches final settlements in “Golden Goose” case

The Securities and Exchange Commission (SEC) has closed the final chapter in the Golden Goose story.
5 minute read

Inside Counsel

Legal privilege and the challenge of technology

There was a time when maintaining legal privilege in attorney-client communications was somewhat easy: communications were either oral or written by exchanging letters directed to a specific recipient at a physical address.
6 minute read

Inside Counsel

Litigation: How to get paid on time

Insurers and third-party payors frequently retain our firm to determine whether the bills generated by outside counsel are reasonable.
11 minute read

Inside Counsel

5 of the strangest lawsuits making headlines

A quick-fading makeup, a cruel office prank and three more strange suits in the news
9 minute read

Inside Counsel

FDA allows continued sale of generic Opana painkiller

The Food and Drug Administration (FDA) announced Friday that it will allow the continued sale of generic forms of the prescription pain drug Opana ER, after the agency found that a new form of the drug was not significantly more successful at preventing abuse.
2 minute read

Inside Counsel

FBI launches IRS investigation

The Federal Bureau of Investigation (FBI) has its eye on the Internal Revenue Service (IRS).
4 minute read

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