Herbert Smith

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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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The clients' commentary

A forthcoming book reveals that despite generally positive feedback from consumers about employment law practitioners, many City and national firms have left clients with a feeling of dissatisfaction. Mark Brandon reports A number of stark lessons for employment practices came out of the client research undertaken for the Insider’s Guide to Legal Services: Employment, not […]

The richest man in the law

He’s a happy bunny, is Gareth Quarry. And why not? He is, after all, the richest man in the law. Last week, he sold the QD recruitment businesses to global recruitment company TMP Worldwide. According to a copy of the offer document seen by The Lawyer, TMP paid some £45.4m for QD, having valued the […]

Flotations

CMS Cameron McKenna represented TranXenoGen on its £60m initial public offering (IPO) on AIM. The IPO included a placing of 6.25m shares at £2 each

Nisse steps down to join Ashursts’ property team

Ashurst Morris Crisp’s managing partner is stepping down to return to the firm’s property unit as three lawyers leave the department. Ian Nisse is due to rejoin the property department in September, before an election to choose a new managing partner to take up the position on 1 October. But the property group has been […]

Weil Gotshal plans alliance with Arthur Andersen Singapore firm

us firm Weil Gotshal & Manges is entering into a strategic alliance with Arthur Andersen’s Singapore firm Rajah & Tann. Arthur Andersen has no legal capability in the US but a spokesman denies that the move is a way to get a foothold there. He says: “From a legal perspective it’s superb that we have […]

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