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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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RIM turns to Kirkland for Visto patent battle

Blackberry manufacturer Research In Motion (RIM) has dropped Howrey as its lead litigation counsel in favour of Kirkland & Ellis for its patent fight with Visto. Visto has alleged that RIM infringed four of its patents, and is looking for an injunction and damages in a court in Marshal, Texas. Kirkland partner Linda DeBruin is […]

North West boom helps Brabners to record year

Brabners Chaffe Street has broken through two significant financial barriers as North West firms continue to post strong end-of-year results. The firm’s turnover rose by 20 per cent to £21m, with average profit per equity partner (PEP) soaring by 30 per cent to a predicted £340,000, up from £260,000 last year. The announcement comes just […]

Macfarlanes finance star defects to Dubai’s Abraaj Capital

Macfarlanes debt finance star Tom Speechley is leaving the silver circle firm to join Dubai-based Abraaj Capital. Macfarlanes debt finance star Tom Speechley is leaving the silver circle firm to join Dubai-based Abraaj Capital. Speechley joined Macfarlanes in January 2004 from Norton Rose to kickstart a lender-facing leveraged buyout business. Partner Bronwen Jones arrived from Kirkland […]

eBay escapes injunction after $35m patent dispute

The Supreme Court has unanimously set aside judgment in favour of eBay in its patent dispute with MercExchange, which may make it harder for claimants to win permanent injunctions against patent infringers. The dispute began in 2001, when MercExchange sued eBay for infringing its software patent over the “Buy it Now” feature, which gives customers […]

Deals comment

Herbert Smith has drawn first blood in the race to win the real estate investment trust (Reit) war, securing the first public mandate to convert Hammerson from a listed company to a Reit. Herbert Smith scores reit coup with Hammerson deal Herbert Smith has drawn first blood in the race to win the real estate […]

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