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Latest Briefings

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

Carlyle Capital Corporation Limited (in liquidation) and others v William Elias Conway Jr and others

By Simon Davies “However startling the history of [Carlyle Capital Corporation’s] short life appears at first sight, its failure was the result of circumstances beyond the control of any board of directors.  The Lieutenant Bailiff’s view was that the Appellants’ claim depended entirely on hindsight, and we agree with her.” A judgment handed down in April 2019 […]

Open calls for renewable energy sources announced

By Milos Vuckovic, Petar Mitrovic The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, […]

Is it possible to force a buyer to pay in advance under the contract?

By Sergey Vakhrushev Usually, under the delivery contract, the parties agree on the terms about an advance payment for goods, such provision is aimed at protecting the supplier’s interests. However, the provision about an advance payment has negative impacts for a supplier. The provision about an advance payment results in uncertainty performed by a transaction, […]

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Herbert Smith raids DWS for finance duo

Herbert Smith has swooped on Denton Wilde Sapte’s (DWS) acquisition finance team and hired two of the firm’s remaining three leveraged specialists. Chris Fanner and Ian Yeo resigned from DWS last week, leaving new partner Catherine Astruc in charge of the group. Their departure dates are understood to be subject to negotiation. The move has underlined Herbert […]

AWG case delayed after Court orders judge change

The start of the trial over AWG’s £130m claim against Sir Fraser Morrison has been delayed after the Court of Appeal yesterday (5 December) ordered judge Mr Justice Evans-Lombe to recuse himself. The defendants had asked Evans-Lombe J to stand down from the case after it emerged that he is friends with an AWG witness. […]

199 Strand set to dissolve in February

199 Strand has become the largest-ever civil set to break up, citing the pressures of competition, consolidation and less litigation as causes. On Wednesday 30 November, the 40-member set agreed to dissolve on 28 February 2006, giving members time to find new homes. Business development director Martin Griffiths told The Lawyer: “What’s provoked this is that a […]

Turnover up 59 per cent at Watson Burton

Watson Burton has seen its half-year turnover rocket by 59 per cent. As first reported on www.thelawyer.com (28 November), the North East firm, currently in the higher reaches of The Lawyer Rising 50, posted a six month-figure of £10.8m, up from £6.8m for the same period last year. If the firm’s fee income continues to […]

BLP converts to LLP

Berwin Leighton Paisner (BLP) has become the latest UK firm to agree to convert to limited liability partnership (LLP) status. Following a partnership vote on 31 October, the firm has converted to LLP status, effective from today (1 December). Managing partner Neville Eisenberg said: “The conversion process has been very smooth.”

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