In what becomes the second multibillion dollar award against Russia in the space of a week, the European Court of Human Rights in Strasburg has ruled that the country must pay 50,000 Yukos shareholders €1.9bn ($2.5bn) for unlawful tax penalties and disproportionate enforcement in the run up to the oil company’s bankruptcy.
Simmons & Simmons forms Africa alliance with Fasken Martineau
Top-20 UK firm Simmons & Simmons has become the latest firm to establish a presence in Africa, by forming an alliance with Fasken Martineau, in a bid to ‘enhance their respective African offerings’.
Continue reading “Simmons & Simmons forms Africa alliance with Fasken Martineau”
Financials 2013/14: Penningtons Manches, Lewis Silkin and Farrer & Co post results
A trio of LB 100 firms have posted financial results for the 2013/14 year, with newly combined Penningtons Manches revealing revenue of £46.6m while profit per equity partner (PEP) came in at £268,000.