New route to fun and profit

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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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Shoosmiths advises McKay Securities on freehold acquisition of Columbia House

Shoosmiths has advised McKay Securities plc on its freehold acquisition of Columbia House, Farnborough. The property was acquired from Standard Life Investments for £2.9m, representing an initial yield of 11.1 per cent. The law firm’s real-estate team was led by specialist Alan Corcoran, who was assisted by associate Simon Shoefield (real estate) and solicitor Marcus […]

Conyers advises NetDragon and 91 Wireless on $1.9bn takeover by Baidu

Baidu, owner of the largest search engine in China, has agreed to buy app store 91 Wireless for $1.9bn from NetDragon Websoft, a Cayman Islands company listed on HKEx, and certain other shareholders. Conyers Dill & Pearman advised NetDragon and 91 Wireless on the deal. David Lamb, a mergers and acquisitions (M&A) partner and co-chairman […]

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Aon steps into the breach after XL and AIG reduce PII exposure

Insurance broker Aon Risk Solutions has stepped into the breach following the news that XL Insurance and AIG intend to significantly reduce their market share in the solicitors professional indemnity (PII) market. Aon has extended its exclusive arrangement with QBE Insurance Limited for solicitors PII to include one to three partner firms, after XL Insurance […]

A Level playing field

We’re aware that many LND readers come from an era when you could get into a very reputable university without needing A level results that beat the UK’s current credit rating. So pity the generation of today, for whom anything less than a perfect score potentially scuppers an offer from a top uni. Some minor […]

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