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Latest Briefings

Estate duty being re-introduced in India – An update

Presently, India does not have an estate duty. The Estate Duty Act, 1953 which sought to impose an estate duty in India on property passing on demise was repealed in the year 1985. Is the estate duty a relic of the past? Rumours are rife that an estate duty will soon be reintroduced in India. […]

Market trends in offshore relocations to the Channel Islands for HNWs and businesses

Leading a team of specialists in both HNW and business relocations across BVI, Cayman, Guernsey, Jersey and Luxembourg, Ogier partner Jonathan Hughes has a unique perspective on trends and factors driving relocations to the Channel Islands. As substance regulations make new demands on economically active HNWIs, the Channel Islands’ offering of a London-equivalent professional services […]

EUR 50 million fine for GDPR in France. What about CEE?

On 21 January 2019, the French data protection authority — the Commission nationale de l’informatique et des libertés (“CNIL”) — issued a General Data Protection Regulation (“GDPR”) fine of EUR 50 million against Google LLC. (“Google”). The CNIL launched its investigation of Google on 1 June 2018 based on two complaints filed by data subjects. […]

Macedonia: Stricter rules for awarding new exploitation concessions

After a long, complex and nation-wide discussion, on 9 January 2019, the Macedonian Parliament introduced stricter rules for obtaining exploitation concessions. Effective immediately, the novelties from the Minerals Law target potentially new mines, and they came as a result of the broad interest shown during the last couple of years concerning the environmental effects of the mining […]

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Zero-hours contracts — is time up?

Growing public concern over zero-hours contracts has led the UK government to review their use. What does this mean for companies that employ staff on such contracts? The term ‘zero hours’ is not a term of art but generally indicates a contract for casual work under which the employer is not obliged to provide a […]

DLA Piper advises Better Capital on firm placing and open offer

DLA Piper has advised Better Capital PCC Ltd on its firm placing and open offer raising £185.6m for further investments. Better Capital is a Guernsey-incorporated, registered closed-ended collective investment scheme with the investment objective of generating attractive total returns from investing in a portfolio of distressed businesses. The company has two protected cells — the 2009 […]

Are you locked up?

Amid the revenue and profits figures and the ups and downs is data that will interest anyone with a financial bent – work in progress and debtor days. In today’s finance-focused edition of The Lawyer Management Louis Baker, head of professional practices at accountant Crowe Clark Whitehill discusses the impact of lockup. The accountancy firm’s […]

Mitchell

A High Court whip lashing

Former Tory chief whip slapped down for costs violation in ‘Plebgate’ case Lord Justice Jackson’s costs budgeting regime recently arrived at the High Court with a bang.  Earlier this month Master McCloud took a hard line on the reforms, refusing to give an inch when asked for leniency by a litigant who had missed budget […]

Material adverse change — what does it mean?

By Anna Voss Material adverse change (MAC) provisions appear in the majority of loan agreements. The recent Grupo Hotelero case included interpretation of MAC in the context of a representation that there had been no MAC in a borrower’s financial condition. While adding some clarity, the case doesn’t make a ‘no MAC in financial condition’ […]

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