Barristers out of pocket on CFAs

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Latest Briefings

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

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Thyssen judge’s demand is historic first

The judge in the middle of the court battle over Baron Hans Heinrich Thyssen-Bornemisza’s £1.2bn fortune is believed to have set a historic precedent when he tried to clinch a deal that could have given him a financial interest in the case (The Lawyer, 2 April). Defence lawyers invited Mr Justice Mitchell to stand down […]

Doubt over future of Slaughters Singapore

Slaughter and May‘s Singapore office is facing closure, The Lawyer can reveal. One of the two Singapore-based partners, Simon Hall, is due to return to the UK this year. Slaughters is taking this opportunity to review the office and make a decision on its future. One insider confirms that closure is on the cards. “No […]

Deal Summary – Corporate

Arjo Wiggins Appleton sells wholly-owned subsidiary Appleton Papers through an employee stock ownership plan in which employees can invest. Arjo Wiggins advised by McDermott Will & Emery (William Charnley). GE Capital sells its global satellite business to SES for $5bn (£3.53bn). GE Capital advised by Cravath Swaine & Moore (Robert Townsend). SES advised by Paul […]

Don't worry, be happy

Last year’s Industrial Society research entitled “Maximising Attendance” revealed that sickness absence costs the UK economy £13bn annually. It is surprising, therefore, that only 28 per cent of organisations claim to record all absences, and that there still seems to be a belief that nothing can be done to improve the situation. Companies that have […]

Totally divorced from reason

Last month saw the arrival of new EU divorce rules – Brussels 2 – which, according to many lawyers, could end up promoting break-ups rather than reconciliation. The new law sets out the basis for the jurisdiction in which a divorce will take place. According to Withers family law partner Mark Harper, the main principal […]

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