Global Elite and Slaughter and May

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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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Fulbright bulks up in UAE

US firm Fulbright & Jaworski has strengthened its presence in the United Arab Emirates (UAE) with three new recruits and the relocation of a US partner. Former Denton Wilde Sapte associate Richard Devine has joined the firm’s Dubai office, to which Fulbright partner Randel Young has been relocated. Richard Tyner, who joins the Saudi office […]

EPP is the new PEP

The true picture of profitability among the UK’s top firms is on display today (3 September). Forget PEP. Loathe it (A&O’s Guy Beringer) or love it (anyone at Slaughters), it has become something of a problematic benchmark. Actually, strike that ‘anyone at Slaughters’ comment. As we reported last month, and reiterate today, the firm’s senior […]

India’s big firm influx: don’t worry, be happy

International law firms need to start engaging with India with the long term in mind. The best approach to the Indian market is based on equal standing (for local and international lawyers) and focusing on the development of local talent. Investment in knowhow, training and legal education in the local market is vital if international […]

Lovells boosts Spain with Eversheds energy hire

Lovells has bolstered its Spanish presence with the hire of Lupicinio Eversheds energy partner Hermenegildo Altozano. Altozano, Lovells’ 20th lateral hire this year, is to lead the firm’s energy, power, utilities and infrastructure practice in Madrid. He headed the energy practice at Lupicinio Eversheds, where he spent 18 years. Altozano’s main specialism is energy and […]

UK Overview

In previous years this regular feature has revealed the top 50 firms by London revenues. But why be so exclusive? In a global legal market divisions between revenues originated from the City and those from the regions at UK-headquartered firms are arguably meaningless. This year we have widened the scope to look at the top […]

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