Latest Briefings

Voluntary disclosures program update – The new normal

The Canada Revenue Agency voluntary disclosures program (VDP) has been around for decades. While the VDP has changed periodically, perhaps the most significant change occurred when the new Information Circular IC00-1R6, initially published on December 15, 2017, became effective on 1 March 2018.

Section 160 liability – Damis Properties Inc. v. The Queen

In Damis Properties Inc. v. The Queen, the Tax Court of Canada (TCC) found subsection 160(1) of the Income Tax Act inapplicable because the appellants and their former subsidiaries were dealing at arm’s length at the time of the transfer of the subject property. The TCC further concluded that, even if subsection 160(1) applied, the liability of the appellants under paragraph 160(1)(e) was nil because they gave fair market value consideration.

Private wealth – the potential for impact

“It is good to have money and the things money can buy, but its good too to check up once in a while and make sure you haven’t lost the things money can’t buy.” – George Lorimer

Nitrate neutrality

Developments on hold, trips to the High Court, nutrient credit schemes… Ever since a European Court of Justice ruling in November 2018, being nitrate neutral has caused headaches and blockages for developers and planners.

Bermuda: Three-day registration for special purpose insurers issuing bonds

Bermuda has always provided an efficient process for insurance submissions of all classes, with applications being approved in under two weeks. On 20 August 2021, the Bermuda Monetary Authority issued a notice announcing that enhancements have been made to allow further streamlining of the registration process for Restricted Special Purpose Insurers (“R-SPI”). Now, the licensing and registration processes of R-SPI registrants whose business model is to issue bonds (e.g. catastrophe bonds and mortgage bonds) will be consolidated and registrants can be fully registered within three business days.

Recommended

top US law firms in London 2017

Six London lawyers get the nod in HFW promotions round

HFW has promoted a record nine new partners across the firm, including six in London. The promotions are effective at the start of the fiscal year on 1 April. They are spread across six offices, spanning Europe, Asia, and America and six of the firm’s industry groups, including shipping, commodities, construction, energy and insurance. Six […]

Richard Neylon, HFW

In Japanese, HFW’s shipping and crisis response partner Richard Neylon’s name roughly translates as ‘peaceful argument’. That is the sort of nominative determinism you cannot make up. Neylon has been working with organisations ranging from the UN to Interpol to help people and companies get out of sticky situations since 2003. His practice focuses on […]

Reed Smith in Middle East setback as regional head joins HFW

Reed Smith‘s Middle East strategy has taken a hit just three months after announcing a Pinsent Masons team hire, with the firm’s regional managing partner exiting to open HFW‘s fifth Middle Eastern office. HFW will open up a new office in Abu Dhabi; the hires of Reed Smith regional managing partner Vince Gordon and corporate […]

money finance

HFW hits new revenue high of £179m

HFW hit record figures in both turnover and profit in 2017/18 after a third successive year of topline growth, with the firm’s topline increasing by nearly 30 per cent since 2015. The firm’s turnover grew 8 per cent last year from £165.7m to £179.1m, while profits at the firm were up 12 per cent from […]

Find legal roles

Make your next move with The Lawyer Careers. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Whether you're looking at private practice, in-house legal or an exciting business support role, you'll find your future here.

Search vacancies