Herbies scoops Lehman’s Mifid expert

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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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Lovells’ Prof-Media relationship blooms

Lovells has cemented its relationship with Russian media company Prof-Media, advising on its purchase of Wayfarer Media, the holding company of MTV Russia and VH1 Russia. The deal saw Prof-Media, advised by an all-female team led by Lovells’ Moscow managing partner Oxana Balayan, acquire 100 per cent of Wayfarer’s shares from MTV Networks International and […]

Stones’ figures on the up after rejig

South West firm Stones Solicitors’ year of reorganisation, during which it closed its under-performing Sidmouth office, saw its turnover inch up by £100,000 to £7.9m. Stones’ five other offices in the South West all experienced steady growth, while its niche travel and commercial property groups saw revenue shoot up. In November the firm rejigged its […]

DWS hikes salaries by 17 per cent

Denton Wilde Sapte (DWS) is the latest firm to announce salary increases, with a 17 per cent rise for newly qualified (NQ) lawyers. NQs will now be paid £62,000, up from £53,000, while first-year trainees have received a 20 per cent rise, from £30,000 to £36,000. The move comes after City firms announced dramatic hikes […]

A&O, CC go head-to-head on record Middle East private equity deal

Allen & Overy (A&O) has helped secure the largest-ever Middle Eastern private equity transaction. The firm, led by corporate partner Pervez Akhtar, advised Morningtide Invest and Egyptian private equity house Citidel Capital on the $1.4bn (£703.56m) sale of Egyptian Fertilizers Company (EFC) to Abraaj Capital. A Clifford Chance team led by Simon Clinton advised Abraaj […]

DLA Piper finds figures to fit in

Not to be outdone by the flurry of results announcements coming out of the legal community, DLA Piper, which reports on a calendar-year basis, has come up with unaudited figures for the UK financial year. According to the firm, revenue on the non-US side of its business during the UK financial year totalled £445m, up […]

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