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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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Property

Finers acted for MWB and Manhattan Loft on the completion of the £20m first phase building contract for West India Quay. MWB and Manhattan Loft signed the deal with Lovells Construction, advised by their in-house team.

Over here – in partnership

Rivalry between US and UK law firms is giving way to co-operation and the formation of MNPs, says Richard Tyler. “There are some real awkward Americans out there,” remarks one senior partner of a UK firm. But with US firms like Cadwalader Wickersham & Taft and Weil Gotshal & Manges pioneering cross-cultural fertilisation as they […]

Financing

Linklaters is advising project company Mozal SARL and sponsor/shareholder Billiton on the US$1.3bn Mozal aluminium smelter project in Mozambique. Clifford Chance advised co-sponsor Mitsubishi and Allen & Overy is acting for co-sponsor Industrial Development Corporation of South Africa. White & Case is advising lenders International Finance Corporation.

Booth forces Bar Council to back down over suspensions

LEGAL advice from Cherie Booth QC has forced the Bar Council into an embarrassing climbdown over its plans to suspend barristers who have requalified as solicitors. About 400 dual-qualified barristers were suspended on 1 May and told they must refer to themselves as “suspended from practice as a barrister as a result of becoming qualified […]

Summit dodges Euro “leftovers'

Richard Owen says the cordial atmosphere of the European Council summit produced a lot of talk, but what of the implications? Richard Owen is a senior lecturer of the European Law Unit, University of Glamorgan Law School. No momentous decisions resulted from the European Council’s summit held in Cardiff from 15-16 June. The launch of […]

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