New Bar for the new millennium

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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, […]

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Tax lawyers attack shadow ACT rules

The Inland Revenue’s proposals for “shadow” Advance Corporation Tax (ACT) are overcomplicated and are likely to give rise to litigation, according to Francis Sandison, the Law Society’s tax expert. The society’s corporate tax sub-committee, chaired by Sandison, submitted its criticisms to the Inland Revenue last week. Sandison, a Freshfields partner, said that parts of the […]

Listed building VAT decision

Mr Justice Moses has ordered that a VAT tribunal decision that VAT was not due on the bill for repairs to a Grade II listed building following severe fire damage should now be reconsidered by a freshly constituted tribunal. His order follows an appeal by Customs and Excise against the decision of Malcolm Palmer, chairman […]

In brief: Lester Aldridge revamps its management

Twenty-eight partner Bournemouth practice Lester Aldridge has introduced a radical management structure. The firm has set up a management board with a majority of non-solicitor members who include newly appointed director of sales and marketing Louis Greenblatt, pictured above left with managing partner Barry Glazier. The firm has also closed its two-lawyer Poole office.

Fined Streeter left partnership in May

Tory shadow cabinet member Gary Streeter, who was fined £1,000 last week for professional misconduct, resigned from the partnership at Foot & Bowden in May, it has emerged. Streeter, who joined the partnership at the Plymouth firm in 1984, has now become a consultant. Both Streeter and the firm said the decision was prompted by […]

London solicitor jailed for bribes

A London solicitor who bribed an Inland Revenue official to help him track down his clients’ debtors has been jailed for two-and-a-half years. At the Old Bailey on 10 July, John Cornillie admitted conspiracy to bribe a public officer and cheating the Inland Revenue of £11,265 by giving untaxed money to staff at his firm, […]

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