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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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Stevens & Bolton breaches £300K PEP

Guildford-based Stevens & Bolton had a record year in 2006-07, with average profit per equity partner (PEP) pushing through the £300,000 mark. The firm posted a total revenue of £14.1m with a profit margin of 32 per cent, giving it a £4.5m net profit and a PEP of £305,000 for its 15 equity partners. The […]

Bar Council launches legal aid probe

The Bar Council has launched a working party to probe the impact on the bar from competitive tendering and ‘one case one fee’ for legal aid work. The move was announced by Bar Council chair Geoffrey Vos QC at the representative’s body’s AGM in London on Saturday (16 June). The Government has signalled its intention […]

Wallace nets enic’s acquisition of Spurs

Wallace has acted for Enic International on its purchase of Sir Alan Sugar’s remaining shares in football club Tottenham Hotspur. Enic, owned by the family trust of international investor Joseph Lewis and Tottenham chairman Daniel Levy, instructed a team led by Wallace managing partner Rex Newman on the £25m purchase from Amshold, owned by Sugar […]

Diverging strategies see Gómez-Acebo and Vieira part company

Spanish firm Gómez-Acebo & Pombo and Portuguese ally Vieira de Almeida & Associados have split following a review of both firms’ international strategies. It is understood that Gómez-Acebo wanted to have its own representative office in Portugal. The firm has a new international strategy and has already announced the opening of a London office in […]

Supreme Court building work begins

The Lord Chancellor and Secretary of State for Justice Lord Falconer has announced that work has begun on the new Supreme Court. •The Lord Chancellor and Secretary of State for Justice Lord Falconer has announced that work has begun on the new Supreme Court. The building is expected to open for business in October 2009, […]

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