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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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Redeployments, job shares, secondments spare 26 jobs

Blake Lapthorn, Clarke Willmott and Cobbetts have reduced the number of staff they are making redundant by a total of 26 through a combination of redeployments and client secondments. South East firm Blake Lapthorn launched a consultation with 43 members of staff in October, but has reduced the final number of redundancies by 10 after […]

Trethowans

Trethowans” />Growing in turnover, lawyers and determination, Trethowans has plans to expand during the ­downturn and become a major presence in the southern legal market. Managing partner Miles Brown oversees what he calls a “flexible” practice that has some major brands on its books, snapping them up from under the noses of larger firms and […]

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Leeds’ Lupton Fawcett takes over Fox Hayes

Leeds’ Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, as it seeks to more than triple in size in three years. Lupton Fawcett takes over Fox Hayes” />Leeds firm Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, […]

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Opinion: Post-Mumbai, India’s outsourcing bubble could burst

The terrorist attacks in Mumbai have cast a dark shadow over India’s status as the world’s largest offshore outsourcing ­location. Many of the world’s leading ­offshore outsourcing suppliers have their headquarters in Mumbai and many ­Western banks are located within the city. A spate of terror attacks in India over the past 10 years, culminating […]

Proposal for EU-wide class action law finds no favour with UK practitioners

UK lawyers have criticised a green paper from the European Commission that suggests EU member states should create a Europe-wide law on class actions. The report, called the ‘Green Paper on Consumer Collective Redress’, puts forward three broad proposals for addressing consumer class actions (see box). Introducing the green paper, Commissioner for Consumers Meglena Kuneva […]

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