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Latest Briefings

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

Carlyle Capital Corporation Limited (in liquidation) and others v William Elias Conway Jr and others

By Simon Davies “However startling the history of [Carlyle Capital Corporation’s] short life appears at first sight, its failure was the result of circumstances beyond the control of any board of directors.  The Lieutenant Bailiff’s view was that the Appellants’ claim depended entirely on hindsight, and we agree with her.” A judgment handed down in April 2019 […]

Open calls for renewable energy sources announced

By Milos Vuckovic, Petar Mitrovic The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, […]

Is it possible to force a buyer to pay in advance under the contract?

By Sergey Vakhrushev Usually, under the delivery contract, the parties agree on the terms about an advance payment for goods, such provision is aimed at protecting the supplier’s interests. However, the provision about an advance payment has negative impacts for a supplier. The provision about an advance payment results in uncertainty performed by a transaction, […]

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Clifford Chance reinstates NQ salary benchmark

Clifford Chance has upped newly qualified lawyers’ salaries, returning pay scales to pre-September 2003 levels. Newly-qualifieds will be now paid £50,000, the same rate they enjoyed before Clifford Chance introduced a review of lawyers’ salaries in April last year which saw pay-packets cut from £50,000 to £48,000 for those joining the firm after September 2003. […]

Mediation upturn hit by Court of Appeal ruling

Hopes of a sudden rise in mediation have been shattered after the Court of Appeal ruled against fining two companies that refused to consider alternative dispute resolution. In the long awaited action on the joint appeal of Halsey v Milton Keynes NHS Trust and Steel v Joy, the court laid down the principle that litigants […]

Hengeler Mueller selects new management

Slaughter and May’s German best friend Hengeler Mueller has elected a new management team replacing its managing partners for Frankfurt and Dusseldorf. Christof Jackle will take over from Hendrik Haag as head of the Frankfurt office. While Matthias Blaum take on responsibility for Dusseldorf from Gerd Krieger. Both appointments are for a two-year term. Haag […]

Sidley Austin clients round on tax shelter ruling

More than 40 former Sidley Austin Brown & Wood clients are to appeal a ruling by a US federal judge last week, ordering the US firm to turn over clients’ names to the Inland Revenue Service (IRS) in relation to a tax shelter investigation. In November 2003 a Senate subcommittee report revealed that legacy firm […]

Squire Sanders pursues China with Shanghai opening

Squire Sanders & Dempsey is continuing its push into China with the official opening of its Shanghai office. The firm obtained its license to practice in Shanghai on 6 April. Squire Sanders’ Beijing managing partner Dan Roules, who also is in charge of co-ordinating the firm’s China practices, will head up the office and will […]

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