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Latest Briefings

Coming to America: Jersey approves US-style LLCs

Jersey’s decision to allow the creation of limited liability companies (LLCs) will allow the island to attract more US-based clients and offer more flexibility than the current partnership status based on English law. Here, partner James Willmott and associate David Patterson examine the options. In a move aimed at catering to Jersey’s growing pan-Atlantic business, […]

Jersey – Practical Guide to Property Law

Jersey is the largest of the Channel Islands and is a self-governing British Crown Dependency with its own financial and legal systems and its own courts of law. Jersey property law is derived from a mixture of local statute and customary (common) law. Jersey’s customary law has evolved from Norman-French law and is primarily contained […]

Changes to Guernsey’s corporate tax residence rules

Guernsey’s rules on corporate tax residence changed at the beginning of 2019 following amendments to its existing tax law brought into effect by a combination of the Income Tax (Guernsey) (Amendment) (No 2) Ordinance 2018, the Income Tax (Substance Requirements) (Implementation) Regulations, 2018 and the Income Tax (Substance Requirements) (Implementation) (Amendment) Regulations, 2018, all passed […]

Bombay High Court refuses anti arbitration injuncton against arbitration proceedings on the question of appointment of the tribunal

On 17 December 2018, the Hon’ble Bombay High Court (Court), in Ravi Arya & Ors v. Palm View Overseas Limited & Ors, passed an important order in relation to an antiarbitration injunction sought by the Plaintiffs in the matter, against an arbitral proceeding seated in Mumbai. The Court held that a challenge to the constitution […]

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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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