Duty solicitor scheme set for shake-up in LAB review

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By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

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Budget leaves islands in flux

Robert Clifford investigates how a raft of proposals announced by the Chancellor will affect the operation of offshore trusts. Robert Clifford is a partner at Theodore Goddard in Jersey. One certainty about the Chancellor, Gordon Brown’s first full Budget was that it would do no favours for the offshore islands. As expected, offshore trusts attracted […]

New body, new regime

A new regulatory body is to police Jersey’s finance industry. Richard Syvret explains how it will work. Richard Syvret is director of Jersey’s Financial Services Department. Over the past 40 years, Jersey has become a leading international finance centre. Trustees, custodians, administrators, accountants and lawyers make up some of the 10,000 professionals employed by the […]

Trusts may face taxing times

Double-barrelled Budgets have had a varied impact on the Isle of Man and will give trustees food for thought, says Jane Bates. Jane Bates is a Scottish solicitor in practice with Isle of Man-based Mann & Partners. A double-dose of anticipation was experienced on the Isle of Man on 17 March. At 10.30am, Richard Corkill, […]

TSD extends alliance

Titmuss Sainer Dechert has announced a three-year extension to its unique transatlantic alliance with US firm Dechert Price & Rhoads. The alliance will continue until June 2001.

Who needs to know?

Daniel Hochberg says regulating trustees obligations to beneficiaries poses a number of problems. Daniel Hochberg is a barrister at 9 Old Square. Practising trust lawyers in offshore jurisdictions should not be surprised by the English Court of Appeal’s recent observation in Armitage v Nurse (1997) that there is an irreducible core of obligations owed by […]

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