Ashurst secures salary lifeline for Lehman Brothers’ UK staff

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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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CC to vote on global corporate head

Clifford Chance private equity partner Matthew Layton is running unopposed for the role of global corporate head at the firm, with nominations set to close this week. Layton became a Clifford Chance partner in 1991 and was London corporate head from 1999 to 2003. He has been tipped as the frontrunner for the job since […]

Devonshires in management shake-up

City firm Devonshires has appointed corporate and finance head Andrew Cowan as chief executive in a shake-up of its management structure. Cowan’s new role will be to build on client relationships and represent Devonshires throughout the housing sector. In addition to Cowan’s new post, senior partner and property chief Allan Hudson is stepping down from […]

Salans, McCarthy land Africa AIM job

Salans and McCarthy Tétrault have scooped choice mandates on a rare African AIM deal. Salans advised ­biofuel company BioEnergy Africa on its £41.5m listing on AIM, while McCarthy Tétrault picked up the lead role for the nominated adviser Canaccord Adams. The company’s ­initial project is based in ­Mozambique where it is ­developing more than 20,000 […]

Welcome

This week The Lawyer reported that Cobbetts is to make 40 fee-earners redundant – its second wave of redundancies this year – while Blake Lapthorn is in discussion with 43 members of staff and Finers Stephens Innocent with a further 6 real estate fee-earners plus support staff. This follows on from the previous week’s news […]

Michelmores’ first managing partner predicts massive growth

Michelmores’ first managing partner predicts massive growth” />South West firm Michelmores has appointed ­Malcolm Dickinson to the newly created position of managing partner. Dickinson, formerly head of company commercial, will sit on the firm’s board alongside senior partner Will Michelmore and practice director Andrew Lovell. Dickinson said Michelmores is entering a new phase of growth. […]

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