GOING IT ALONE

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Subscription Finance Cayman Islands – Luxembourg Analysis

The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles. This briefing focuses on the similarities and differences between the two jurisdictions in the context of subscription credit and capital call facilities. This […]

Jersey substance proposals – the fund managers’ perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The legislation […]

Jersey substance proposals – the Banking and Finance perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The Law […]

The Equality and Human Rights Commission publishes damning review into the Grenfell Tower Fire

The Equality and Human Rights Commission has now published both its research into Grenfell residents’ access to services and support and its legal submissions to the Inquiry on the human rights implications of the fire. The Commission has also invited the Chairman to make a number of recommendations, including urgent recommendations to prevent a repetition […]

Bulgaria introduces a range of derogations from the EU GDPR

March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such as employment, the role of data protection […]

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Allen & Overy develops Japan finance practice

LEADING City firm Allen & Overy is expanding its finance law practice in the Asia-Pacific region with the appointment of capital markets specialist Andrew Ballheimer to its Tokyo office. Alex Pease, the partner in charge of the Tokyo office, which was established in 1988, says: “Andrew has considerable experience in both international and domestic capital […]

OR Court to pick own experts

OFFICIAL Referee (OR) Court lawyers could lose the right to call their own expert witnesses if proposals by OR judges to have their own court-appointed experts are accepted by the Government. The OR judges, who hear high-value technical cases in construction, engineering and environmental law, anticipate disagreement among lawyers over their proposals but argue that […]

Pupillage move fuels race fears

FEARS of indirect racial discrimination at the Bar have surfaced again. Black lawyer groups and the Bar Council’s own race relations committee are concerned that a proposal to delay call to the Bar until after six month’s pupillage will be unfair to ethnic minorities. The committee and others say the proposal could add to problems […]

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