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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 […]

Recommended

In brief: Scots multi-party actions recommended

The Scottish Law Commission has recommended that a multi-party action procedure be introduced in the Scottish courts. Parties who opt into the group proceedings would be bound by the results on the common questions and would be liable to contribute to the expenses of the litigation. The scheme would initially be introduced in the Court […]

Mallesons cuts costs with NY and Taiwan office closures

Australian international firm Mallesons Stephen Jaques has closed its Taiwan and New York offices to cut back on costs. But Mallesons’ London partner Greg Hammond emphasised that its London office was staying open. “We have just reviewed all our overseas operations and the decision was taken to close the New York and Taiwan office but […]

Plan for poor to pay slated

Tory and Labour MPs on the Home Affairs Select Committee have slated the plans of the Lord Chancellor Lord Mackay to make poor litigants pay a minimum contribution to their legal aid costs. “I suspect solicitors will pay the money out of their own pockets,” Sir Ivan Lawrence, chair of the Tory committee, told top […]

Shock to the legal system

War on crime was the message. But the White Paper on crime and punishment of Secretary of State for Scotland Michael Forsyth had more than one battle in mind last month. Tucked in between the hard-line penal reforms was the blueprint for a radical overhaul of the criminal legal aid process in Scotland. Proposals for […]

Less power for barristers

John Malpas reports A MARKED shift of power away from barristers into the hands of solicitors will be caused by the proposed legal aid reforms, a leading legal pressure group has predicted. According to Roger Smith, director of the Legal Action Group, the plan to allow law firms to run block legal aid contracts will […]

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