Davis Polk, Shearman sort out Ford debt

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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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Manchester Met law lecturer in grade inflation row

A law lecturer at Manchester Metropolitan University has branded students there as “lazy”, claiming an exam board had to top up their grades. A law lecturer at Manchester Metropolitan University has branded students there as “lazy”, claiming an exam board had to top up their grades. Walter Cairns said 20 marks were added to the […]

9

Dewey slashes pay for 66 partners

Dewey & LeBoeuf has overhauled its compensation system, cutting pay for more than 60 partners across the firm. Up to 66 partners at the US firm have had their compensation reduced, in a number of cases by around 80 per cent. The cuts have left certain Dewey partners taking home around $10,000 in monthly draws, […]

Pension tension

Cherie Booth QC found herself back in the headlines this week, this time as the champion of two pension funds aiming to get the Royal Bank of Scotland (RBS) and Sir Fred Goodwin into a US courtroom. Cherie Booth QC found herself back in the headlines this week, this time as the champion of two […]

1

Camerons institutes de-equitisation plan

CMS Cameron McKenna is asking partners to ­volunteer for de-equitisation as part of the ongoing shake-up of its partnership. CMS Cameron McKenna is ;asking ;partners ;to ­volunteer for de-equitisation as part of the ongoing shake-up of its partnership. At a meeting earlier this month partners in recession-hit departments were asked if they were willing to leave the lockstep […]

Travers Smith guides Juridica on secondary £35m AIM deal

Travers Smith has advised litigation funding group Juridica on a £35m secondary fundraising on London’s junior market. Travers ;Smith ;has advised litigation funding group Juridica on a £35m secondary fundraising on London’s junior market. Juridica ;instructed ­Travers head of corporate finance Spencer Summerfield on the conditional ­placing of 30 million ­ordinary shares on AIM. The firm advised […]

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