Digest

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Latest Briefings

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

Recommended

A&O instructed by Nasdaq for Easdaq share purchase

Allen & Overy (A&O) has advised the Nasdaq Stock Market on its acquisition of a majority share in European stock exchange Easdaq, its first major deal for the client. London partner Alan Paul has been working with Nasdaq for about a year, but had not performed a transaction for the client until now. It is […]

Hall takes over at Gordons Cranswick

Leeds-based Gordons Cranswick has shaken up its management structure by appointing a new senior partner. The role, which up to now has been split between two people, will be taken on by litigation partner John Hall. Former incumbents Richard Wilson and David Coates are quitting the partnership to take up consultancy roles with the firm. […]

Digest

Hardwicke Building, the chambers of Nicholas Stewart QC (left), has been joined by Christopher Bayliss of One Inner Temple Lane. Called in 1986, Bayliss specialises in employment and motor industry law. The employment team now has 10 members. The arrival of Bayliss continues the chamber’s strategy of strengthening its specialist teams by selective recruitment.

New chambers Hogarth throws down IP gauntlet

One Raymond Buildings and 5 New Square merge: recruitment ubderway Intellectual property (IP) sets One Raymond Buildings and 5 New Square are merging today (2 April). The new set is named Hogarth Chambers, after the 18th-century painter who held back from making his engravings public until after the first law of copyright came into force. […]

Eversheds to be sued by hygiene testing company Biotrace for sacking ‘blunder’…

Eversheds is being sued for £600,000 because its Cardiff office allegedly gave negligent advice. The claim goes back to 1995 and has been issued by Welsh company Biotrace, which makes hygiene testing kits. It centres on former Biotrace managing partner and chief executive Brian Levett, who was suspended and later sacked for upsetting retailer Marks […]

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