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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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Lovells navigates beauty parade to win Galileo PPP

Lovells has beaten a number of City rivals to scoop an instruction to advise on one of the largest and most complex public private partnerships (PPP) currently in the European market. The firm is acting for the Galileo Joint Undertaking, a body jointly owned by the EU and the European Space Agency, to implement a […]

Careers: people

Davies Arnold Cooper has announced a trio of promotions and a new appointment at associate partner level. Janie Castle joins the commercial litigation team in London from Paul Hastings Janofsky & Walker, while Gillian Dada, Mark Shaya and Crispin Tomlinson have all been promoted to associate partner level in the product liability, insurance and property […]

The battle for Abbey

For those of us not on a beach, there is only one deal in town worth watching: the battle for Abbey National. For lawyers stuck in the City, the question of who has snapped up the remaining mandates is becoming an obsession. For those of you not topping up your tans, here’s a few titbits […]

Sanofi general counsel loses out to Aventis in-houser post-merger

Laurent Cohen-Tanugi, group general counsel at Sanofi-Synthelabo, has missed out on the top job in the combined Sanofi/Aventis to his counterpart at Aventis. Dirk Oldenburg’s appointment as general counsel of the pharmaceutical group is expected to take effect after completion of Sanofi’s €53bn (£35.52bn) hostile offer for larger rival Aventis. Cohen-Tanugi only joined Sanofi last […]

Law Society calls for FRS5 clarification

The Law Society president has written to the Accounting Standards Board urging clarification of new tax rules in a bid to wipe out widespread confusion over FRS5. FRS5 Application Note G, which relates to the way profits and work in progress are calculated in accounts, was first introduced eight months ago. The Law Society is […]

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