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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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Savage's pressure group to attack UK law degrees

Nigel Savage, chief executive of the College of Law, is assembling a group of law firms and LPC providers in an all-out assault on undergraduate legal education. The group is planning to put pressure on the regulators – the Law Society and the Bar Council – to bring about changes in law degrees. Savage says: […]

The Anorak

Amsterdam and London recently played host to two very different conferences on new media technology. In the terribly hip and happening city of London, the big players met to discuss the future media, business and legal problems streaming media presents. And in Amsterdam, a bunch of artists, activists and anarchists hung around the trendier bars […]

Shearmans City partner leaves finance group

Shearman & Sterling‘s London office is losing a project finance partner, believed to be the first partner to leave since the firm launched its UK law capability in 1996. Rupert Walker, who was one of the founding lawyers in the UK law practice when he moved to Shearmans from Milbank Tweed Hadley & McCloy in […]

Chiomenti finance head quits

Top Italian firm Chiomenti Studio Legale is losing its head of international finance in Milan to Allen & Overy (A&O). The move comes just weeks after merger talks between Chiomenti and Freshfields Bruckhaus Deringer took place. Franco Vigliano, who is also the head of the firm’s project finance and infrastructure finance group, is moving along […]

Howard Kennedy pioneers UK software financing structure

Howard Kennedy has acted on what is believed to be the first UK loan facility for the software industry to base its structure on that used for film financing. Howard Kennedy’s client Bank Leumi has provided a £ loan facility to computer games company Infogrames, which will be used to develop two new games. But […]

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