The UK Supreme Court has ruled that a Scottish company director had acquired a securities option from his company as part of measures to financially rescue it and became subject to income tax after an appeal against an Inner House decision to the opposite effect was made by HM Revenue and Customs.
Independent UK law firm Burges Salmon, which has a major office in Edinburgh, has reported an eight per cent increase in turnover to £128.2 million in the latest financial year.
A commercial judge has dismissed an action against a former director of a Scottish football club suffering from financial difficulties after it raised an action seeking £148,000 from him on the ground of breach of fiduciary duty.
Companies must prepare for a new law that will impose greater demands on verifying the identity of their directors and connected businesses, lawyers at Lindsays have warned.
Morton Fraser has been successfully reappointed by the City of Edinburgh Council to provide legal services to lot 1 (commercial), lot 2 (property and planning) and lot 3 (litigation), with an estimated framework-wide legal spend of around £16.7m.
Brodies LLP has been reappointed to the City of Edinburgh Council’s new Legal Services Framework where it will provide support in four out of the six available lots.
Burges Salmon has advised abrdn on a funding package arranged by Brotherton Real Estate to Clearbell Property Partners IV LP, a fund managed by Clearbell Capital LLP, to support a £34 million acquisition of industrial assets from UK property investment firm Palace Capital plc.