Digital tax could “chill innovation”, Clifford Chance partner warns

The introduction of a digital tax on tech giants, announced in yesterday’s Budget, could hinder future innovation in the country, a CC partner has said.

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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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Another Jones Day partner, corporate tax lawyer Charlotte Sallabank, has waved goodbye to the firm, exiting for Katten Muchin Rosenman in London. Sallabank has been at Jones Day since 2006 and is the most recent of a number of exits this year. She follows the departures of private equity partner Michael Weir to White & Case, real estate partner Alex […]

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Bird & Bird’s head of UK tax Mathew Oliver has joined Osborne Clarke’s London office; the latest in a string of new recruits to the latter’s City operations. Oliver has been at Bird & Bird since 2005, joining as a partner from Lovells where he was an associate for three years. He was a tax […]

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Clifford Chance secures victory over Cleary in landmark Google dispute

Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]

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Ince to go public after striking a deal with Gordon Dadds

Gordon Dadds and Ince & Co have agreed to a £110m tie-up, in a move that will create the UK’s largest listed law firm by revenue. It was announced on the London Stock Exchange this morning that Aim-listed Gordon Dadds has agreed terms to acquire Ince, including its international LLP. The new firm will be […]

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