Apax on the hunt for first general counsel

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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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From a cross to bear to a leap of faith – private equity’s second coming

Putting houses in order is becoming the mainstay of law firms’ private equity work, says Kian Ganz. It feels like a world away, but it’s not so long since private equity was a major driver of many firms’ corporate revenues. With the dearth of credit and the global downturn, private equity practices have largely turned […]

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Apax on the hunt for first general counsel

Private equity group Apax Partners is set to hire its first global general ­counsel, joining a growing list of funds employing ­dedicated in-house lawyers. The group has appointed recruiters to find candidates, although the position is not being advertised publicly. It is understood that the post will be based in London and will pay between […]

DWF turnover hits £60.1m in 2008-09

DWF generated turnover of £60.1m in the past financial year, a rise of nine per cent on the £55.3m it made in 2007-08. The percentage growth for the full year is marginally lower than it was at the half-year stage, when the Manchester-headquartered firm recorded growth of 12.5 per cent for the first six months […]

UK watchdogs: united they stand, divided they fail

The Allen Stanford case highlights the powerful impact that government can have when agencies join forces to catch ­criminals. Although it is a challenge to find anything positive in the face of such far-reaching fraud affecting so many innocent victims, the united front shown by the US Department of Justice (DoJ), of which the FBI […]

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Latham’s Dell speaks out on redundancies

Latham & Watkins managing partner Bob Dell has today spoken out about the firm’s record 440 layoffs. Earlier today, the US firm announced its plans to cull 190 associates and 250 paralegal and support staff employees (27 Feb 2009). The news followed a profits drop at Latham of 21 per cent for the 2008 financial […]

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