Insurers v intermediaries

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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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In brief: Wilde Sapte finance partner to join LeBoeuf

Wilde Sapte finance partner Bob Dibble is understood to be joining the London office of LeBoeuf Lamb Greene & MacRae. It is believed he was earlier talking to White & Case. LeBoeufs has also hired Cameron McKenna’s head of tax Anthony Concanon, who retired from Camerons at 55 and, at his request, will be “of […]

Trowers & Hamlin form first Western association in Jordan

Trowers & Hamlin has announced an association with Jordanian firm Ziad Khalifeh & Associates, the first for a Western firm in the country and the fifth in the region for Trowers. The move comes after Trowers and the Amman-based firm worked on a legislative review, paid for by the British Embassy, of the feasibility of […]

Bar hires actuaries to test reforms

The Bar Council has commissioned actuarial firm Watson Wyatt to investigate the cost to consumers of conditional fees, after accusing the Government of underestimating the value of success fees likely to be charged by lawyers. Dan Brennan QC, vice-chairman of the Bar Council, said he had commissioned the firm after informal talks with actuaries indicated […]

Restrictive covenants dispute

Lord Justices Swinton Thomas, Waller and Chadwick, have reserved judgment in an appeal by the University of Westminster against refusal by the Lands Tribunal of their application to discharge restrictive covenants on its premises situated in London’s Marylebone Road. In the appeal, Nicholas Taggart argued that the president of the Lands Tribunal had been wrong […]

In brief: Legal & Insurance scraps Lawplan scheme

Tunbridge Wells company Legal & Insurance (LIS) has pulled the plug on its mutual scheme Lawplan. The scheme, set up in 1994, was a precursor of “after the event” insurance schemes. Director Neil Mulroy said that the company had written to solicitors telling them that the claims fund was exhausted. “We’ve been let down by […]

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