Chinese reforms posit relaxation of the country’s ‘Law for Lawyers’

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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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Simmons to focus on life sciences in Beijing

If Simmons & Simmons is permitted to open a Beijing office later this year, the firm is considering making it a life sciences hub. The Chinese authorities are yet to approve a licence for a Beijing office, which would be Simmons’ second mainland China operation after Shanghai. The firm has been in Hong Kong for […]

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Law Society to pay £100,000 to miners

The Law Society will pay out up to £100,000 to sick miners after their law firms provided inadequate professional services in relation to the British Coal compensation scheme. The society has taken the extraordinary step after one or two solicitors firms deferred paying the miners until after their hearings before the Solicitors’ Disciplinary Tribunal (SDT). […]

Asahi’s fightback comes unstuck as

Japan’s Asahi Law Offices has lost another partner as it struggles to regain its footing following the sale of its international business to rival Tokyo firm Nishimura & Partners (now Nishimura & Asahi). Last week (30 June) corporate partner Rika Sato left the firm to join Jones Day‘s Tokyo office as a partner in its […]

Travers boosts PEP to £810,000

Travers Smith is the latest firm to announce its financial results, posting a solid 15 per cent rise in both turnover and average profit per equity partner (PEP). The City firm’s 47 equity partners now take home an average of £810,000 per partner while its turnover stands at £78.3m. Net profit has risen 15 per […]

Revealed: 81 per cent of top UK firms have no black partners

Eighty one per cent of the UK’s top law firms have no black partners, with just 3.7 per cent of partners coming from ethnic minorities, according to the Black Solicitors Network’s (BSN) 2007 diversity league table. However, this is an improvement on last year, when only 3 per cent of partners came from ethnic minorities. […]

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