GE Capital Global Consumer Finance acquires iGroup, provider of mortgages in the non-conforming sector in the UK, with £1.6bn in assets

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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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Sonsini to take on NYSE directorship

The chairman of Silicon Valley firm Wilson Sonsini Goodrich & Rosati has been elected as a director of the New York Stock Exchange (NYSE). Larry Sonsini, one of the top corporate lawyers in the Valley, was elected along with four other new directors and has been brought in to represent the public on the board. […]

Clifford Chance replaces Asia managing partner

Clifford Chance corporate partner Jim Baird will replace John East as regional managing partner for Asia in mid-July. After three and a half years in Asia, first as senior partner and then regional managing partner, East will return to London to take up his new position of chairman-elect of the Partnership Selection Committee.East said: “There […]

Cadwalader gains political capability with triple hire

New York firm Cadwalader Wickersham & Taft is taking on the former national chairman of the Democratic National Committee to chair a new global public affairs group. Joseph Andrew is joining as a partner in the corporate/M&A department of Cadwalader. He is moving with two other political colleagues to launch the new practice.Douglas Richardson, a […]

Doctor Spin

They promised it would be driven by spin. They promised it would be won and lost on the marketing field. They promised an election driven by style not substance.In the end it wasn’t. This was the election with no substance and precious little style – unless Calvin Klein counts as style. The men in black […]

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