£450m shortfall was not cause of SIF’s collapse

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Latest Briefings

Jersey: The Trusts Law 2018 – An insight

By Siobhan Riley, Andreas Kistler The Trusts (Amendment No. 7) (Jersey) Law 2018 (the Amendment Law), which came into force on 8 June 2018, reÊnes and further enhances Jersey’s trusts legislation, the Trusts (Jersey) Law 1984 (the Law). Since its introduction in 1984, the Law has been amended and updated periodically, the last changes having been made […]

Trust legislation in Guernsey

By Russell Clark Much of Guernsey’s economic success over the past 50 years or so has been largely due to its adaptability and flexibility to react to changing market situations and conditions. This adaptability is no better illustrated than by the island’s willingness to amend and review legislation to ensure that it retains its position within […]

Jersey lodges the draft Taxation Law 201

Jersey has lodged the draft Taxation (Companies – Economic Substance) (Jersey) Law 201- (the “Law”). The Law, once adopted, is intended to meet the commitment made by Jersey to address certain concerns raised by the EU Code of Conduct Group on Business Taxation (the “Code Group”) in relation to the need for relevant businesses to […]

Bulgaria: Companies required to register their beneficial owners by February 2019

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

Importance of prohibition on the collateral use of disclosed documents

By Sonia Tolaney, Sandy Phipps CPR 31.22 provides that disclosed documents may be used only for the purpose of the proceedings in which they were disclosed without the consent of the disclosing party or the Court’s permission. It is well established that this rule, known as the collateral use prohibition, applies both to the disclosed documents themselves […]

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Perrin’s View

It’s one of the pitfalls of being a dress down firm five days a week. One minute you’re in your bespoke two-piece smooching a multinational board, and the next you’re in the back of a cab acrobatically slipping out of your turn-ups and into chinos and Paul & Shark when you notice… the cool, assessing […]

It’s been a bad week for

Judges who want to surf. New rules issued by the Lord Chancellor, Lord Irvine ban judges from using the internet for online shopping or general surfing. One thousand laptops will be issued to judges to provide regular updates on cases. Tony Blair. The world’s leading internet watchdog warned the Prime Minister last week that his […]

It’s been a good week for

Liz Abbott, a blind teacher who received £60,000 in damages after an employment tribunal ruled that her school broke the law by failing to provide a classroom assistant to help her. The tribunal hearing in Stratford, east London, found that St Mary’s Roman Catholic primary school in Chingford had breached the Disability Discrimination Act and […]

Personnel services

As more and more lawyers move firms, personnel departments are employing the services of independent careers consultants in a last-ditch attempt to retain staff. Alison Clarke reports There was a time when it was virtually unknown for lawyers to leave the firm where they trained and even more unusual for them to leave the profession […]

The Personnelity

You’d have thought it was pretty obvious that hiring the right people is one of the most important strategic issues for a law firm. Look how obsessively everyone is discussing the salary hikes, for example, as if they couldn’t have been predicted. After all, how else were top City firms going to try and square […]

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