Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

Recommended

City firms step in to act ahead of Bakers’ SDT hearing

Clyde & Co is one of five firms that will represent parties in the Solicitors Disciplinary Tribunal next month, as Baker McKenzie faces claims it allowed a misconduct investigation to be “improperly” influenced. Bakers, two former partners and the firm’s ex-HR director are all set to appear after the Solicitors Regulatory Authority (SRA) referred them […]

Freshfields partner fails in bid to dismiss SDT hearing

A Freshfields Bruckhaus Deringer partner will face the Solicitors Disciplinary Tribunal this October, after his application to dismiss allegations of misconduct were thrown out. The decision means that the case against restructuring partner Ryan Beckwith will now be heard for 10 days later this year, with evidence from the complainant lasting for three days. A […]

Dentons

Dentons escapes SDT grilling over unfair dismissal case

The Solicitors Regulation Authority (SRA) has decided not to pursue Dentons over the unfair dismissal of a member of staff on maternity leave. At the end of last year, the SRA considered referring Dentons to the Solicitors Disciplinary Tribunal over the treatment of Bina Hale, a former recruitment manager. Though the matter had been high-profile, […]

Offices

Clydes refutes “breach of duty” claims in insolvency dispute

A property business that came out of insolvency in 2015 has brought separate claims against Clyde & Co and Deloitte for advice given after its administration. The claimants, Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL), owned several properties until they went into administration in 2013, coming out of in 2015. They argue […]

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