Beachcroft broadens international links

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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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A&O becomes second magic circle firm to make layoffs

Allen & Overy (A&O) has emerged as the second magic circle firm to announce a redundancy consultation, with 10 lawyers in its Hong Kong office expected to lose their jobs (TheLawyer.com, 16 January). The news comes just over a week after Clifford Chance admitted that up to 80 of its London lawyers would be made […]

Camerons advises RWE on E.ON joint venture

CMS Cameron McKenna has been instructed by RWE on a long-term joint venture with E.ON that will see the German utilities build nuclear power stations in the UK. The energy companies have teamed up on a 50:50 basis to purchase and develop sites being sold by the Nuclear Decommissioning Authority (NDA), with a view to […]

Dentons to make up to 80 staff redundant

Denton Wilde Sapte has launched a redundancy consultation, which could see up to 80 members of staff lose their jobs. Jobs are under review in all fee-earning departments except competition, tax and TMT, across both London and Milton Keynes. The marketing, accounts, facilities and compliance functions will not be affected. It is not known whether […]

51

Leeds’ Fox Hayes goes into administration

Leeds-based firm Fox Hayes has gone into administration a month after the departure of its commercial and private client teams for Lupton Fawcett. David Wilson (pictured) and Julian Pitts of the Leeds office of Begbies Traynor have been appointed as administrators. It is understood that some 115 jobs could be lost, although few of these […]

7

CC makes rivals green with Indian tie-up

Clifford Chance has ­followed the lead of fellow magic circle firms Allen & Overy (A&O) and Linklaters by forming a best friends relationship with an Indian firm. As reported on The Lawyer.com, the firm has formed a close referral relationship with AZB & Partners with the aim of cooperating more closely ;once ;Indian ­regulations allow […]

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