Linklaters hopefuls perform screen test

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Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Summary of Guernsey Taxation

This document summarises certain key aspects of Guernsey taxation law for the calendar year 2019. Companies tax resident in Guernsey are subject to income tax on their worldwide income. A company is tax resident in Guernsey if: it is incorporated in Guernsey; it is incorporated outside of Guernsey but is “centrally managed and controlled” in […]

Leasehold market reform on a ground-breaking scale

By Karl Anders, Louise Power, Steve Nixon Walker Morris has monitored and periodically reported on the Government’s review of perceived unfairness within the leasehold market and the potential reinvigoration of commonhold as an alternative to leasehold ownership [1].  On 19 March 2019 the Housing Communities and Local Government Committee (HCLGC) published a report which offers wide-ranging and ground-breaking […]

Legislation in one minute: SIGI

By Pedro Simoes Coelho, Carlos Couto The real estate investment trusts (“SIGI”), approved by Decree-Law no. 19/2019 of January 28 (“DL 19/2019”), implemented in Portugal the Real Estate Investment Trusts . However, the national legislature allowed SIGI, in addition to the purpose of the lease, to pursue other forms of economic exploitation of immovable property. […]

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No Cannes do

There’s a few more weeks yet before we’ll know whether or not Hammonds really has pulled itself out of its financial doldrums, but one thing’s for sure, Peter Crossley’s taking a very tough management line. While the partners’ conference was held in glamourous Cannes, it was a weekend of

ASB hires 2 Birds associate

ASB Law has hired associate Lisa Comber from Bird & Bird. ASB Law has hired associate Lisa Comber from Bird & Bird. Comber specialises in IT outsourcing work for private sector companies and public sector organisations, with a particular focus on financial institutions. The move comes as ASB recorded a 24 per cent hike in […]

Thinking ahead

While it is has an established reputation for offshore financial services, Guernsey still has some way to go to be taken seriously as a centre for IP business, say Geoff Allez and Ian Swan Anyone familiar with the offshore legal market will recognise that there are two levels of competition involved: there is not only […]

Sullivan appoints new DC boss

New York-based firm Sullivan & Cromwell has appointed Daryl Libow as the new head of its Washington DC office. Libow, a specialist in representing corporations involved in regulatory, criminal and congressional investigations, succeeds Robert Craft Jnr after 19 years in the role. Libow’s client list includes acting for Goldman Sachs, Microsoft, National Australia Bank and […]

Power with responsibility

Three recent cases highlight the importance of maintaining fairness when regulating offshore financial services, says David O’Mahony One of the most controversial parts of the climate for those conducting offshore financial services business, particularly for the smaller operator, is the power of the local regulators and the manner in which they carry out their functions. […]

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