Quote of the week

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Latest Briefings

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

Carlyle Capital Corporation Limited (in liquidation) and others v William Elias Conway Jr and others

By Simon Davies “However startling the history of [Carlyle Capital Corporation’s] short life appears at first sight, its failure was the result of circumstances beyond the control of any board of directors.  The Lieutenant Bailiff’s view was that the Appellants’ claim depended entirely on hindsight, and we agree with her.” A judgment handed down in April 2019 […]

Open calls for renewable energy sources announced

By Milos Vuckovic, Petar Mitrovic The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, […]

Is it possible to force a buyer to pay in advance under the contract?

By Sergey Vakhrushev Usually, under the delivery contract, the parties agree on the terms about an advance payment for goods, such provision is aimed at protecting the supplier’s interests. However, the provision about an advance payment has negative impacts for a supplier. The provision about an advance payment results in uncertainty performed by a transaction, […]

Recommended

It's been a good week for…

Lawyers involved in the BSE public inquiry which is expected to cost u25m and has been delayed for a year. General Pinochet, who may be entitled to u1m in legal aid. Apparently the General has only a modest pension and relies on hand-outs from his supporters. Cloning. A heated medico-legal debate is likely to follow […]

Staking an insurance claim

It’s not an easy time for firms which depend on insurance work for a large part of their business. Changes in the market, mergers, takeovers and reforms of the legal system mean that many firms are losing clients. Three months after Eagle Star/Zurich closed its in-house legal department, the insurance giant is thought to be […]

Transatlantic power M&As energise firms

Freshfields and Hammond Suddards are powering up to advise on two transatlantic energy deals. Freshfields is advising PowerGen on the u1.3bn sale of two power stations and Hammond Suddards is handling a u3m US acquisition for East Yorkshire-based Europower. Freshfields finance partner Charles July is leading the team for the Powergen disposal, which will hand […]

In brief: Herbert Smith

Herbert Smith’s Brussels office celebrated its tenth anniversary in the city last week with an evening of music and song. The event, held at the Theatre du Residence Palace, was presented by Sir John Mortimer QC and attended by partners and clients of the firm.

MP's Bill proposals put QCs in firing line

In his continuing crusade against silks, Labour MP Andrew Dismore has tabled a series of amendments to the Access to Justice Bill to abolish or overhaul the QC system. Dismore, a solicitor and MP for Hendon, proposes amendments that will lead to the wholesale scrapping of QCs and the abolition of traditional court dress. Dismore […]

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