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Latest Briefings

Update to Bermuda’s economic substance legislation

The month of June 2019 saw a number of important updates to Bermuda’s economic substance regime ahead of the 1 July deadline for compliance for entities in existence when the legislation came into force. This bulletin contains a summary of those developments. Entities Tax Resident Overseas Out Of Scope The Economic Substance Amendment Act 2019 […]

Jersey’s economic substance requirements – identifying holding company business and its implications

This briefing forms part of our series on identifying relevant activity for the purposes of the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the “ESJL”), in this case holding company business. Identifying Holding Company Business (“HCB”) The ESJL defines HCB as “the business of being a holding company”, which suggests it applies to all […]

Trust Essentials – July 2019

Z trusts judgment: whose rights take priority when a trust is insolvent? Jersey’s Court of Appeal has handed down its long awaited judgment in the Z Trusts case. The decision considers important questions regarding the equitable rights of a former trustee, and whether those rights have priority over the rights of other claimants to the […]

Uzbekistan – Reforms in the provision of tax and customs incentives

In order to further improve the investment climate in Uzbekistan, ensure the implementation of fair competition principles, as well as regulate the practice of granting tax and customs incentives, the Presidential Decree of the Republic of Uzbekistan ‘On measures to further streamline of tax and customs incentives provision’ No. УП- 5755 was adopted on 27 […]

Time is running out! Have you disclosed your nominee agreements to Revenu Quebec?

Effective May 17, 2019, all nominee agreements made as part of a transaction or series of transactions must be disclosed to Revenu Québec (“RQ“) within 90 days of execution, and agreements already in place on May 17, 2019, must be disclosed by September 16, 2019 (“New Disclosure Requirement“). Failure to comply with the New Disclosure […]

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Royal Shakespeare lawyer forms arts law forum

The Royal Shakespeare Company’s (RSC) first ever in-house counsel is set to launch an inaugural forum for in-house lawyers working in the arts. Caroline Powell, who qualified in 1995 after training at Slaughter and May, joined the RSC as in-house counsel in September 2003.

Vienna calling for SJ Berwin

SJ Berwin is investigating opening in Vienna to support a new standalone international arbitration practice group that is being launched in November. The specialist group, which will focus exclusively on arbitration and litigation arising from arbitration, has been devised to capitaliseon the growing market for dispute resolution. It will operate as an autonomous practice, separate […]

Bingham ramps up securities litigation

Bingham McCutchen has boosted its securities litigation practice with the hire of a specialist partner for its Boston office. Jordan Hershman, former co-chairman of Testa Hurwitz & Thibeault’s securities litigation group, joins Bingham as a senior member. First revealed on www.thelawyer.com, 11 August

Simmons loses lawyer to Competition Commission

Simmons & Simmons competition partner Clare Potter is leaving to join the Competition Commission, where the firm’s former head of competition, Peter Freeman, is deputy chair. Potter is joining as general counsel and will replace Brian McHenry, who moved to the Office of Fair Trading (OFT) earlier this year to take up the newly created […]

KSB Law

Despite the trendy name, KSB Law is a firm strongly grounded in English history. The first mention of the 19-partner firm can be found circa 1792. Then based at Lincoln’s Inn, it only moved earlier this year after centuries of merger and demerger. Now comfortably ensconced in its new City premises and with the aim […]

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