Latest Briefings

Cayman Islands: Update on automatic exchange of information and country-by-country reporting

In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information (“AEOI”) and country-by-country reporting (“CbCR”), including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form.

CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

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Will the Govt beach offshore havens?

The Government has introduced measures to crack down on “designer” tax systems which it claims help companies evade a reported £1bn a year in UK taxes. Under the new rules, businesses have to pay an amount of controlled foreign company (CFC) tax equal to the amount which would have been avoided by using tax havens […]

Don't allow the working holiday

There have been reports recently that City banks and financial institutions are illegally employing thousands of working holidaymakers from South Africa, Australia and New Zealand. With the current shortage of solicitors in some disciplines, there are concerns that law firms may be doing the same thing. Working holidaymakers are Commonwealth citizens between the ages of […]

Muslim cleric allowed to stay in UK

A ground-breaking ruling by the new Special Immigration Appeals Commission could have major implications for around two million Muslims living in the UK. The commission’s role is to handle appeals against expulsions ordered on grounds of national security. In its decision in the case of Shafiqur Rehman v The Secretary of State for the Home […]

The Lawyer Inquiry: Ian Rosenblatt

Ian Rosenblatt was born in Liverpool in 1959. He is senior partner at Rosenblatt. What subject(s) did you fail at school? Maths. What was your first job? Working in my uncle’s carpet warehouse. What was your first ever salary as a lawyer? £9,500 pa. What would you have done if you hadn’t been a lawyer? […]

Marriage of convenience

How ironic that on the western side of Chancery Lane last week the Law Society finally gave approval for multi-disciplinary partnerships and on the eastern side Denton Hall revealed its plans to merge with Wilde Sapte. Both decisions are great indicators of the state of the profession as we approach the end of the century. […]

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