Herbert Smith restructures

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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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Scuffle of the week

The Sun v The Mirror . David Yelland, The Sun’s editor, announced on Radio 4’s Today programme that he would sue The Mirror over a front page story accusing The Sun’s business editor of tipping shares he owns. The Mirror story was, of course, in retaliation for The Sun’s gleeful reporting of the fact that […]

Two into one will take away archaic division

A unified business court is the only logical step forward, argues Michael Briggs QC. Why is it that despite the wholesale slaughter of outmoded legal terminology carried out by the Woolf reformers in the cause of user friendliness, the two most opaque phrases of all – chancery and Queen’s Bench – have survived intact, and […]

It's been a bad week for…

Lawyers hoping to make use of email records to prove dodgy activity. Executives looking to cover their tracks have seen a preview of a new product that can make a company’s email simply disappear. Corporate managers can use the technology developed by Disappearing Inc to set up email policies on company networks that routinely destroy […]

Ashursts US merger stalled by Lathams

Latham & Watkins and Ashurst Morris Crisp’s plans for a merger are being blocked by the US firm’s London office. It is understood that the office is resisting moves to join with Ashursts, arguing that the shift would remove any independence it has from its US parent. Last week The Lawyer exclusively revealed that the […]

Freshfields lures Belgian tax expert

Freshfields has taken Loeff Claeys Verbeke’s head of tax in an attempt to boost its Belgian practice. Axel Haelterman joins as a partner after more than 12 years at the leading Belgian practice. He is regarded as one of the country’s leading tax practitioners and is a professor of tax law at the University of […]

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