Herbert Smith lands £1.1bn RAC disposal

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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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It’s fashionable to be conservative

Following last week’s exclusive story in The Lawyer of Hammonds’ woes, law firm financial management has never been such a hot topic. While Peter Crossley wages a heroic battle to take control of his firm’s wayward finances, other firms have also recognised the merits of going back to basics. I’ve lost count of the number of partners […]

It’s fashionable to be conservative

Following last week’s exclusive story in The Lawyer of Hammonds’ woes, law firm financial management has never been such a hot topic. While Peter Crossley wages a heroic battle to take control of his firm’s wayward finances, other firms have also recognised the merits of going back to basics. I’ve lost count of the number of partners […]

Milbank sees Gatsby through £130m Sainsbury’s disposal

Milbank Tweed Hadley & McCloy has sealed its first deal for Sainsbury’s shareholder the Gatsby Charitable Foundation after advising on its disposal of £130m of shares in the company. Milbank partner Tim Emmerson secured the mandate after a referral from Gatsby’s financial adviser Gleacher Shacklock. Emmerson worked alongside Gleacher senior partner Edward Cumming-Bruce on the […]

Ashfords launches Bristol team

Ashfords, comprising the former Exeter, London, Plymouth, Taunton and Tiverton arms of Bevan Ashford, is expanding its new Bristol office by establishing a corporate recovery, turnaround and insolvency team to be headed by partner David Pomeroy. He will relocate from Exeter to Bristol to lead the team and will be joined by associate Alan Bennett.

Kirkpatrick lures Addleshaws star with US link

The London office of Kirkpatrick & Lockhart Nicholson Graham has poached experienced IT partner John Entstone from Addleshaw Goddard. Canadian Entstone said that he was keen to exploit the North American client base offered to Nicholson Graham & Jones following its January merger with US firm Kirkpatrick & Lockhart. “For a long time I’ve wanted […]

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