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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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Law firm trio wins shard of glass deal

Eversheds, Norton Rose and Rosenblatt Solicitors have snared the key roles in a deal to secure a new funding package for the construction of Europe’s tallest building, the Shard of Glass at London Bridge. The loan was provided by Qatari Diar, which is owned by the emirate’s sovereign wealth fund, and was advised on by […]

Clydes spends £45m on international growth

Clyde & Co has borrowed nearly £45m to help fund its international expansion programme, the firm’s LLP accounts for 2007-08 reveal. The firm’s debt rose to £44.6m this year, following the expansion of its Middle East practice and the opening of two offices in the US in the last two years. Much of the money […]

Furley Page sets up shop in Lloyd’s building

Canterbury-headquartered firm Furley Page has opened in London in a bid to capitalise on the insurance market. The London office, which is housed in the Lloyd’s building, will be headed and primarily staffed by Furley Page consultant Gary Marshall, although lawyers from other locations are also set to make use of the office. Senior partner […]

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Tulkinghorn: two yaks, one cow and an after-dinner Minto

Tulkinghorn often hears of strange things happening over Christmas, but never involving yaks. Cloisters Chambers has broken that run by celebrating the ­festive season with the ­purchase of two hairy ­creatures from Save the Children. Yakety yak Tulkinghorn often hears of strange things happening over Christmas, but never involving yaks. Cloisters Chambers has broken that […]

Macfarlanes feels the heat

Macfarlanes feels the heat” />When Macfarlanes revealed it would be laying off up to 14 staff this week, perhaps the only surprise was that the announcement hadn’t come sooner (see story). The firm had always seemed a likely candidate for cuts. Not only has its corporate practice been hard hit by the credit crunch, but […]

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