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Legal

May 18, 2011

Accountancy firms like family businesses. After all, family businesses offer scope for them to charge lucrative fees across a host of disciplines for both the business and the family. And as long as these fees aren’t too high and trust is established, accountancy firms can build up lasting relationships between themselves and business principals.

Accountancy firms like family businesses. After all, family businesses offer scope for them to charge lucrative fees across a host of disciplines for both the business and the family. And as long as these fees aren’t too high and trust is established, accountancy firms can build up lasting relationships between themselves and business principals.

May 10, 2011

If you are a wealthy person interested in protecting you privacy, the UK was always a good place to live. Equipped with some of the sharpest legal minds on protecting privacy anywhere, sympathetic judges and fool-proof gagging orders – the UK has been a top destination for those looking for anonymity.

If you are a wealthy person interested in protecting you privacy, the UK was always a good place to live. Equipped with some of the sharpest legal minds on protecting privacy anywhere, sympathetic judges and fool-proof gagging orders – the UK has been a top destination for those looking for anonymity.

May 6, 2011

Law firm Withers has added three new members to its Milan office as part of its strategy to increase its services for family businesses in Italy.

Law firm Withers has added three new members to its Milan office as part of its strategy to increase its services for family businesses in Italy.

Roberta Crivellaro, managing partner at Withers’ Milan branch told CampdenFB: “Running a family firm, especially in Italy, is no easy business, but we are committed to making sure that our clients have the smoothest ride possible by building each and every one of our practices that together cater for the complicated world of the family business.”

April 6, 2011

Family-controlled chocolate maker Lindt & Sprungli won a long court battle on 4 April to uphold rights on its golden Easter bunnies.

Family-controlled chocolate maker Lindt & Sprungli won a long court battle on 4 April to uphold rights on its golden Easter bunnies.

According to reports, Lindt & Sprungli, controlled by a branch of the founding Sprungli family, took action against Austrian rival Hauswirth, which it said was making chocolate bunnies that were too similar in appearance to its own copyrighted trademark bunnies. It claimed that the Hauswirth's Easter bunnies can be confused for Lindt chocolates as both are wrapped in gold foil with a red ribbon.

March 24, 2011

Family-controlled investment company Wendel announced on 24 March that its revenues for 2010 saw an increase of 17.5%, despite a run of bad luck with French regulators earlier this year.

Family-controlled investment company Wendel announced on 24 March that its revenues for 2010 saw an increase of 17.5%, despite a run of bad luck with French regulators earlier this year.

March 23, 2011

News that the Italian government is looking to protect local companies against unwanted takeovers is likely to be greeted with relief among family businesses in the country – at least in the immediate future.

News that the Italian government is looking to protect local companies against unwanted takeovers is likely to be greeted with relief among family businesses in the country – at least in the immediate future.

But longer-term pressures on family businesses in Italy won't be resolved by government intervention. Nor for that matter will they be anywhere else in the world.

March 16, 2011

The Hinduja Group, controlled by the Hinduja family, has had its plan to acquire the banking unit of KBC Group blocked by Belgian regulators.

The Hinduja Group, controlled by the Hinduja family, has had its plan to acquire the banking unit of KBC Group blocked by Belgian regulators.

This was announced by KBC Group but no reason was given as to why the deal was blocked. When contacted, a spokesperson for the Hinduja Group said they were waiting for an official notification from the regulators and refused to comment. However, there is much press speculation that the deal did not go through due to a lack of transparency in the Hinduja Group’s financial statements.

March 16, 2011

Lawyers are taking advantage of the erosion of trust between family businesses and their banks. The best ones, says David Bain, are linking their corporate and private client practices - and offering more than just divorce and tax advice

Mukesh Ambani knows the importance of a good lawyer. The billionaire head of Reliance Industries employed one of India’s most prominent lawyers to win a case last year against his fiercest competitor – brother Anil.

February 24, 2011

Family-controlled German carmakers, Porsche and Volkswagen, announced on 23 February that their planned merger may not happen this year due to pending legal issues.

Family-controlled German carmakers, Porsche and Volkswagen, announced on 23 February that their planned merger may not happen this year due to pending legal issues.

The two carmakers had previously revealed plans to merge by the second half of this year, but unresolved legal issues relating to a failed takeover of VW by Porsche in 2008 are likely to delay the merger.

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