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Latest Briefings

Subscription Finance Cayman Islands – Luxembourg Analysis

The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles. This briefing focuses on the similarities and differences between the two jurisdictions in the context of subscription credit and capital call facilities. This […]

Jersey substance proposals – the fund managers’ perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The legislation […]

Jersey substance proposals – the Banking and Finance perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The Law […]

The Equality and Human Rights Commission publishes damning review into the Grenfell Tower Fire

The Equality and Human Rights Commission has now published both its research into Grenfell residents’ access to services and support and its legal submissions to the Inquiry on the human rights implications of the fire. The Commission has also invited the Chairman to make a number of recommendations, including urgent recommendations to prevent a repetition […]

Bulgaria introduces a range of derogations from the EU GDPR

March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such as employment, the role of data protection […]

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AIJA sets agenda

Secrecy in Swiss banking and confronting the problems of corruption are the opening topics for debate at the annual congress of the International Association of Young Lawyers (AIJA) in Montreux, Switzerland, this August. Other planned seminar topics will centre around sponsorship and sports law with sessions on trade mark licensing, broadcasting rights, restrictions on circulation […]

Weil Gotshal limbers up for all-out assault on City firms

The fourth largest law firm in the US, Weil Gotshal & Manges, is planning to more than triple the size of its London office over the next few years, bringing its strength to about 100 lawyers by the year 2000. The expansion plans are among the most ambitious drawn up by a US firm operating […]

Thumbs up for African court

The International Bar Association has agreed to back the formation of an African Court of Human Rights, to act where African state courts have failed. Nutifafa Kuenyehia, past-president of the Ghanian Bar Association, who proposed the motion at the IBA Council’s Madrid meeting on 1 June, said: “The idea for this court came from law […]

Contemporary Acts of Charity

Part I of the Charities Act 1992 introduced a detailed statutory framework for the maintenance of accounting records by charities, requiring them to prepare and file annual accounts, reports and returns. This framework is now found in Part IV of the Charities Act 1993 and came into force on 1 March 1996. The introduction of […]

In brief: Survey reveals people don't want to move

A survey of 30 City law firms has revealed why candidates turn down offers of alternative positions in private practices. Legal recruitment consultants Laurence Simons International discovered 80 per cent of candidates, when offered alternative positions, did not want to move from their present position, 17 per cent refused because they had already accepted alternative […]

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