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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

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Morris in plan to scrap “soundings'

THE ATTORNEY General, John Morris QC, who is facing a sex discrimination suit, privately admitted weeks ago that his department keeps no data on Treasury Counsel appointments to enable it to judge its commitment to equal opportunities. Last week he publicly denied allegations of sexual discrimination in his appointment of Philip Sales from Lord Irvine’s […]

Litigation Recent Decisions 24/2/98

Where liability is admitted but quantum is in dispute Peter Limb (Appellant) v (1) Union Jack Removals (in liquidation) (2) Jack Robert Honess (Respondents): McGivern v Brown: Partington v Turners Bakery: Pyne Edwards v Moore Large & Co: Smith v Brothers of Charity Services: Tomkins v Griffiths (1998) Court: CA (Brooke LJ, Mummery LJ and […]

Lawyers expected to “vary' Diana's will

Princess Diana’s will is to be made public this week and her lawyers are expected to apply to vary it to make it easier for the princes to inherit her estate. It is understood her current will, drafted before her divorce from the Prince of Wales, only allows the princes to inherit the estate when […]

HK man heads west

Mitch Gitin, the head of Baker & McKenzie’s US securities practice in Hong Kong, has been transferred to the firm’s London office to boost its central and east European securities practice. The firm now has a team of five US securities lawyers based in London. Gitin joined the firm in 1992 from US firm Skadden […]

SIF makes massive saving after NHL ruling

Millions of pounds have saved from the Solicitor’s Indemnity Fund’s reserves following a House of Lords ruling. Since National Home Loans (NHL) was refused leave to appeal its case against solicitors Giffen Couch & Archer in December, hundreds of similar claims have been settled in favour of the solicitors. NHL had argued that Giffens had […]

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