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Latest Briefings

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

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The Personnelity

For the modern law firm, as for many types of organisations, the need to encourage diversity has become something of a mantra for success. Whether it refers to client lists or areas of practice expertise, diversity is hailed by many as the new specialisation. It is this as much as anything that fuels the continual […]

Walkers goes global with London office

Leading Cayman Islands firm Walkers is opening a London office to focus on structured finance and capital markets work. The firm, which is one of the top law firms for offshore work, is sending in two former Clifford Chance lawyers to launch its City practice. Partners Susan Harper and David Whittome will fly in to […]

Bird & Bird merger talks spark chaos at Wessing

Munich and Hamburg rebels lead secret negotiations; Dusseldorf opposition could lead to firm-wide split Bird & Bird is conducting secret merger negotiations with an influential group of Wessing partners. A group of partners at the German law firm is pushing for a full merger with Bird & Bird. It will present its case to the […]

Hengeler recruits Gleiss partner for first ever lateral hire

German law firm Hengeler Mueller Weitzel Wirtz has recruited the Brussels head of rival firm Gleiss Lutz Hootz Hirsch. In an unprecedented move, Hengeler has appointed antitrust lawyer Hans-Joerg Niemeyer as a partner in its Brussels office. Niemeyer, who joined Hengeler on 1 March, is the first lawyer in the history of the firm to […]

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