DWS hikes salaries by 17 per cent

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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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Slaughters and Weil seal Terra Firma’s Thresher divestment

Slaughter and May and Weil Gotshal & Manges have secured key roles advising on Terra Firma’s sale of the Thresher Group to a consortium led by private equity and pensions investor Edmund Truell. On 28 May The Lawyer revealed Weil Gotshal’s success advising Terra Firma on its £3.2bn bid for music publishing company EMI. The […]

CC gets busy on PIK documentation

Documentation for payment in kind (PIK) loans is undergoing a make over at the moment following pressure from market participants. Confusion about the documentation and how it affects the structure of PIK loans has been rife in recent years with many banks and corporates not too confident about the specifics. The Loan Market Association (LMA) […]

Lovells’ Prof-Media relationship blooms

Lovells has cemented its relationship with Russian media company Prof-Media, advising on its purchase of Wayfarer Media, the holding company of MTV Russia and VH1 Russia. The deal saw Prof-Media, advised by an all-female team led by Lovells’ Moscow managing partner Oxana Balayan, acquire 100 per cent of Wayfarer’s shares from MTV Networks International and […]

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Weil Gotshal ups NQ pay to £90k

Weil Gotshal & Manges’ London associates now earn more than their counterparts in New York after a 20 per cent pay hike in London. The US-headquartered firm is now offering some of the most generous pay packets in the City with newly qualifieds (NQs) now receiving £90,000, representing a 20 per cent jump from £75,000. […]

Hammonds sues 14 former partners

Hammonds has followed through on its threat to sue a group of 14 partners who it alleges owe the firm money. The firm filed a claim form in the chancery division of the High Court and simultaneously issued a press release informing the media of the claim. “There’s going to be an almighty spat,” said […]

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