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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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Abu Dhabi media city hires first GC

The Newly launched Abu Dhabi media city twofour54 has turned to Dubai-based pay-TV ­operator Showtime Arabia for its first general counsel. The Newly launched Abu ;Dhabi ;media ;city twofour54 has turned to Dubai-based pay-TV ­operator Showtime Arabia for its first general counsel. Greg ;Sweeting, ;who was general counsel at ­Showtime Arabia, joined twofour54 on its launch last week […]

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Magic circle defies downturn as top billers bump up hourly rates

Hourly partner rates at the UK’s largest firms have hit £750 on average this year despite the economic crisis, research carried out for The Lawyer has found. The Hourly Rates Survey 2008, carried out by Legal Budgets, ;shows ;that although the fees boom of recent years came to an end for most of the legal […]

Partnerships: Age-old questions

The need to effectively manage the workforce is the most common justification given by firms for having a fixed retirement age. But, argues Peter McMaster, it is far from being watertight under current legislation. It has been unlawful to practice age discrimination against your partners since the Employment Equality (Age) Regulations came into effect in […]

CC’s surprising redundancies

Clifford Chance‘s announcement yesterday that it was making 20 lawyers redundant in New York and Washington DC is not the first time lawyers in the US have faced the chop this year (see story). It’s not even the first time that Clifford Chance lawyers have been made redundant; the firm laid off six structured finance […]

SRA and Law Society face off over review

The Solicitors Regulation Authority has accused the Law Society of overstepping its remit by launching a review of the regulation of the profession. The Solicitors Regulation Authority (SRA) has accused the Law Society of overstepping its remit by launching a potentially dramatic review of the regulation of the legal profession. The Law Society publicly announced […]

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