Financings

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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, […]

Recommended

Litigation Recent Decisions 17/10/95

Taxation on damages awarded to Lloyd’s Names Deeny v Gooda Walker (1995). CA (Simon Brown LJ, Peter Gibson LJ and Saville LJ) 5/10/95. Summary: Whether damages awarded to Lloyd’s Names for losses to underwriting business are subject to income tax. Appeal by defendant managing agents against ruling that the £300 million damages awarded to Lloyd’s […]

Irish name change

Irish law firm Rory O’Donnell & Company Solicitors has changed its name after signing a number of lawyers from the commercial department of Limerick’s Murray Sweeney. The new firm, O’Donnell Sweeney, is headed by former Murray Sweeney lawyer Joe Sweeney who joins as managing partner. The move takes the firm, which will have a staff […]

Theodore Goddard oversees TSB deal

Theodore Goddard has played a key role in the Lloyds Bank £5 billion takeover of TSB, a deal set to create a £15 billion financial services giant. Theodore Goddard, TSB’s lawyers since the bank’s 1986 flotation, worked with teams from Freshfields and Linklaters & Paines to complete the deal. Freshfields, lawyers to the Bank of […]

Names issue writ against Clyde & Co

Lloyd’s Names are suing Clyde & Co, a major legal player in the Lloyd’s insurance market in connection with one of the biggest pieces of Lloyd’s litigation to date. Clyde & Co said it will contest the action. The 4,000-member Sturge Names Action Group (Snag) is instructing Eversheds in this and other actions after collectively […]

Bar and Aclec clash over witnesses

The Bar Council’s decision to allow more contact for witnesses has been challenged by the Lord Chancellor’s Advisory Committee on Legal Education and Conduct (Aclec). In a letter to the Bar Council Aclec says it has “considerable reservations” about the proposed amendments to the current rules. It adds that the committee “has expressed considerable concern […]

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