Hammonds redundancy talks end: 77 to go

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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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Ropes & Gray makes 106 support staff redundant

Boston-headquartered Ropes & Gray has announced that it was laying off 106 of its support staff, the equivalent of around 10 per cent of its non-lawyer personnel across all departments in the firm. In a statement, Ropes chairman Brad Malt said his firm’s clients and marketplace had been “seriously affected” by the continuing global economic […]

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Fox Hayes fall offers hard lesson in capital management

When Leeds firm Fox Hayes went into administration two weeks ago, the rate of its business decline was in direct contrast to its prior mercurial growth. When Leeds firm Fox Hayes went into administration two weeks ago (TheLawyer.com, 19 January) the rate of its business decline was in direct contrast to its prior mercurial growth. […]

Garrigues network merger creates South American powerhouse

Spain’s largest law firm Garrigues will merge this year with its South Americanalliance firms, creating a new giant in the region. Spain’s largest law firm Garrigues will merge this year with its South American alliance firms, creating a new giant in the region. The firm is holding a meeting in June to discuss the final […]

Dechert adds Bear in-houser to New York corporate

Dechert has hired a former senior Bear Stearns in-house lawyer to bulk up its corporate and securities group. Former in-house lawyer and managing director at Bear Ken Masotti has joined Dechert’s New York office as counsel in the corporate and securities group. Dechert head of corporate finance Henry Nassau said: “[Ken’s] experience advising on a […]

Orrick promotes 13 in latest partnership round

Orrick Herrington & Sutcliffe has made up 13 lawyers to the partnership in the firm’s latest round of promotions. Orrick Herrington & Sutcliffe has promoted 13 lawyers to its partnership in the latest round of promotions. All but one of the promotions were made in the firm’s US offices, with Los Angeles, San Francisco and […]

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