Data Dive: the firms reaping rewards from two waves of oligarch litigation

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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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Clifford Chance has raised its salary for newly-qualified solicitors from £91,000 to £100,000, following the lead of Freshfields Bruckhaus Deringer last month. Unlike Freshfields, however, the £100,000 paid by Clifford Chance is its total compensation package, including bonuses, rather than base salary. The Lawyer understands that trainee salaries are also set to increase slightly when […]

Court rules against Libyan Investment Authority in latest bout of litigation

Stewarts Law has successfully defended a jurisdiction claim brought to the English Commercial Courts by the Libyan Investment Authority (LIA). Last month, The Lawyer reported that defendants Walid Al-Giahami and the Lands Company argued that the dispute did not fall under the jurisdiction of the English courts system. In a judgment handed down this week, […]

Raab, not Johnson, leads Tory leadership race when it comes to lawyer endorsements

Boris Johnson may be the hot favourite to replace Theresa May as Conservative leader – and Prime Minister – in the party’s leadership race, but he has so far failed to attract the initial support of Parliament’s lawyers. Initial indications suggest that Johnson has 42 supporters among the Tory MPs who will whittle down the […]

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