HSBC HOLDINGS AND BANK OF NEW YORK MELLON V HMRC

March 23 2012

The First-Tier Tribunal (Tax) has given judgment allowing HSBC’s appeal against about £60m in stamp duty reserve tax (SDRT) charges, holding that the charges were contrary to EU law. The SDRT charges arose in connection with HSBC’s acquisition of a US company called Household International Inc in 2003.  In consideration for their stock, the Household stockholders received (at...

EUROPTION STRATEGIC FUND LTD V SKANDINAVISKA ENSKILDA BANKEN AB [2012] EHWC 584 (COMM)

March 21 2012

The Commercial Court held that a clearing broker exercising a right to close out an investment fund’s positions did not owe a duty of care to the fund.  Nor did the clearing broker owe an implied contractual obligation (whether on the basis of s 13 of the Sale of Goods and Services Act 1982 or otherwise) to conduct the close-out of the portfolio using reasonable care and to a suitably professional...

NEW QC - MISS EMMA HIMSWORTH

February 28 2012

One Essex Court is delighted to announce that Miss Emma Himsworth has been successful in her application for Silk.  The appointment will take effect following an official ceremony on Friday, 30 March 2012. Emma Himsworth specialises in all areas of intellectual property law and related aspects of competition law. Emma has a BSc in Biological Sciences with Honours in Biochemistry...