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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 […]

Recommended

Deal of the Week – YELL

Once again, Weil Gotshal & Manges‘ great relationship with Hicks Muse scoops the firm an integral role on one of the biggest ever private equity deals in Europe. The deal overtakes the United Biscuits deal and Hillsdown in terms of size, both of which Weil Gotshal’s Mike Francies was involved with.`Francies had to convince Apax, […]

Work boom fires Irwin Mitchell

Sheffield firm Irwin Mitchell has increased its turnover by more than a fifth for the fifth year running. `The firm has pulled in a record £59.1m turnover compared with £48.6m last year, up 22 per cent. And the firm has added 82 fee-earners to reach 660.`Managing partner Howard Culley refused to speculate on the increase […]

Nomura

CMS Cameron McKenna was instructed to advise longstanding client Nomura International’s Principal Group on its bid for Meridien Hotels some six months ago. The deal was closed just 21 days after Nomura was announced as preferred bidder.`Camerons’ corporate partner and relationship partner for Nomura Richard Price led a team of more than 80 lawyers in […]

A&O eyes Hackney HQ

Northgate scheme hot favourite for new home; partners unwilling to mimic CC’s Canary Wharf move Allen & Overy (A&O) has added Hackney to its list of possible future homes. A decision on the options available was due to have been taken a fortnight ago, but has been postponed to give the firm time to consider […]

Mills & Reeve names Jeffries for top role as Ogilvy is ousted

Cambridge-based law firm Mills & Reeve has appointed a new managing partner to take over from Duncan Ogilvy, who was voted out after six years in office. `Mark Jeffries, who was previously the head of the corporate services group in Leeds and Birmingham, took over the position on Friday (1 June).`Jeffries, who was managing partner […]

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