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Latest Briefings

Luxembourg financial sector launches online portal for Brexit notifications

By Rebecca Mace-Balebs On 2 August 2019, the Luxembourg Supervisory Authority of the Financial Sector (CSSF) published press release 19/41 in respect of the opening of its online portal, eDesk, for the purpose of mandatory notifications in the context of Brexit. In its previous press releases (19/33 and 19/34), the CSSF announced that: firms licensed […]

Serbia tops global greenfield FDI performance index

By Petar Mitrovic, Dragan Karanovic Serbia achieved the top spot at the Greenfield FDI Performance Index for 2019 – fDi Intelligence, a Financial Times data division, placed Serbia as a number one in its annual Greenfield FDI Performance Index study. The Study, which looks at inbound greenfield investment in 2018 relative to the size of […]

Drafting employment contracts

By Martin Chitty, Siobhan Bishop In this podcast we discuss drafting employment contracts, focusing on some of the tricky issues at the start and end of the employment relationship. We cover how to avoid the pitfalls with references, contract variation, termination and bad leavers clauses. Click below to read more.

Bermuda – Open for fintech business

By Chris Garrod Bermuda has a long history of being a leading jurisdiction, quick to meet the changing needs of business. From captive insurance to alternative investments, the island has welcomed innovation, with its government and the private sector successfully working together to foster thriving, but well-regulated, new markets. Blockchain and digital assets are no […]

Bermuda – Law and Practice

By Julie E. Mclean, Angela F. Atherden 1.0 Aircraft and Engine Purchase and Sale 1.1 Sales Agreements Taxes/Duties Payable Upon Execution of the Sales Agreement No taxes or duties are payable in Bermuda as a consequence of the execution of an aircraft or engine sale agreement, unless the agreement is physically executed in Bermuda and […]

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Herbert Smith gets £3m payout

Herbert Smith was paid £3,256,000-worth of taxpayers money in fees for the sell-off of the Ministry of Defence (MoD) married quarters – twice as much as the MoD budgeted for. The National Audit Office’s report on the controversial £1.6bn sell-off of 57,000 married quarters homes to Nomura-led consortium Annington Homes, in the UK’s largest ever […]

In brief: Goldsmith to head finance review panel

Former Bar Council chairman Peter Goldsmith QC has been appointed as the new chairman of the Financial Reporting Review Panel. He replaces 39 Essex Street head of chambers Edwin Glasgow QC who retires after completing his five-year term. The panel examines the annual accounts of public and large private companies to see if they comply […]

Gray's Inn helps out over-taxed practices

In an innovative commercial move, tax specialist set Gray’s Inn Chambers is outsourcing three of its junior barristers to at least six City and commercial solicitors’ firms with over-stretched tax departments. The trio – Conrad McDonnell, Hugh McKay and Aparna Nathan – charges an hourly rate, effectively acting as assistant solicitors. The three attend meetings […]

Establishment rights

The Law Society wants to hear from solicitors who have faced restrictions on providing their services outside the European Union. The move to collate information on rights of establishment follows the recent launch by the European Commission of an initiative to draw up a database of the barriers facing professionals who want to provide legal […]

Litigation Writs 2/9/97

Prestigious City offices taken on by Badenoch & Clark at 16-18 New Bridge Street, London EC4, failed to meet up to expectations, according to a writ issued in the Chancery Division. It claims that some of the furniture at the offices, which cost £124,623 a year, had a “Steptoe and Son” look about it. The […]

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