It’s been a bad week for

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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, […]

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Case of the week

Pamela White, who worked as an equal partner for 33 years helping her husband to build up his farming business, is claiming a half-share in the £4.5m venture. The House of Lords heard the case last week, which is considered the most important divorce cases for years. White was originally awarded a lump sum of […]

The fraud squad

Due to a tightening of regulations, accountants working in the sexy area of forensic accountancy have had a fairly peaceful year. But as Jon Robins reports, that does not mean we may never see a Maxwell-style fraud case again. It is not likely that many people are drawn to a career in accountancy in pursuit […]

Cost cuts see Biddle’s partner profits double

Biddle’s profits per partner have soared by 50 per cent after cutting costs and tackling slack habits in recording billable hours. Average profits per partner have risen to £270,000 with top of equity receiving £350,000 – £100,000 more than last year. Bottom of equity has seen an increase from £35,000 to £160,000. Gross fees have […]

Scotland’s first LLP firm gets approval

Scotland has gained its first-ever limited liability partnership firm – ahead of the LLP Bill being passed by Parliament. New firm Semple Kennedy was approved on 30 June with Walter Semple and former Faulds Gibson & Kennedy managing partner Ewan Kennedy. Semple was formerly a partner at Bird Semple, which has merged with DLA. Semple […]

A&O dresses down five days a week

Allen & Overy is breaking with magic circle formality by offering staff the chance to dress down five days a week. The move affects only Allen & Overy’s London office, but head of corporate Richard Cranfield believes that it will spread to the firm’s international offices. Brief guidelines on the “smart casual policy” have been […]

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