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Latest Briefings

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 […]

Supreme Court’s refusal on Barnardo’s switching to CPI

By Ian J Gordon, Simon Davies, Chris Edwards-Earl The Barnardo’s scheme’s rules stated that uprating of benefits must be based on the “general index of retail prices or any replacement adopted by the trustees without prejudicing approval”. While the retail price index (RPI) continues to be published (i.e. not “replaced”), the Supreme Court found it is not open […]

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Lovells institutes snakes and ladders strategy for lockstep

At least one Lovells equity partner has slid from the top to the bottom rung of the firm’s lockstep ladder via performance-related sanctions introduced last year. Partners at the firm okayed plans last January that gave the partnership council the authority to take action against underperforming partners. So far 10 partners have been affected by […]

CC says: free willies

Clifford Chance‘s global head of corporate Peter Charlton did his bit for Anglo-Sino relations recently when he volunteered to give a team of Chinese lawyers a guided tour of the magic circle firm’s Canary Wharf headquarters. According to the genial Geordie, the swimming pool was free for all of them to use. And if they […]

Olswang seals City property sale

Olswang has landed a deal advising on the £325m sale of the Mid City Place building in London’s High Holborn. Corporate partner Paul Blackmore and real estate partner Stephen Hughes led the team acting on the deal, representing clients of Delancy and Invista Real Estate Investment Management, who owned the property. According to Blackmore, Olswang […]

Rees returns to roots for Welsh City launch

Cardiff-based Hugh James is to launch its first office in London, and has recruited Pillsbury Winthrop Shaw Pittman outsourcing partner Phillip Rees to launch the new base. Rees, most recently a partner in the intellectual property team at Pillsbury Winthrop Shaw Pitman, will head the new operation. Before joining Shaw Pitman (just before it merged […]

The efficacy – or otherwise – of covenants

Partners in law firms are more mobile than ever before. Firms are prepared to adopt aggressive expansion policies. The legal press is full of reports of firms making raids for the partners of other firms and of star performers being prised away from their current firms with lucrative remuneration packages. But is it that easy […]

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