Amerada Hess

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Latest Briefings

Update to Bermuda’s economic substance legislation

The month of June 2019 saw a number of important updates to Bermuda’s economic substance regime ahead of the 1 July deadline for compliance for entities in existence when the legislation came into force. This bulletin contains a summary of those developments. Entities Tax Resident Overseas Out Of Scope The Economic Substance Amendment Act 2019 […]

Jersey’s economic substance requirements – identifying holding company business and its implications

This briefing forms part of our series on identifying relevant activity for the purposes of the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the “ESJL”), in this case holding company business. Identifying Holding Company Business (“HCB”) The ESJL defines HCB as “the business of being a holding company”, which suggests it applies to all […]

Trust Essentials – July 2019

Z trusts judgment: whose rights take priority when a trust is insolvent? Jersey’s Court of Appeal has handed down its long awaited judgment in the Z Trusts case. The decision considers important questions regarding the equitable rights of a former trustee, and whether those rights have priority over the rights of other claimants to the […]

Uzbekistan – Reforms in the provision of tax and customs incentives

In order to further improve the investment climate in Uzbekistan, ensure the implementation of fair competition principles, as well as regulate the practice of granting tax and customs incentives, the Presidential Decree of the Republic of Uzbekistan ‘On measures to further streamline of tax and customs incentives provision’ No. УП- 5755 was adopted on 27 […]

Time is running out! Have you disclosed your nominee agreements to Revenu Quebec?

Effective May 17, 2019, all nominee agreements made as part of a transaction or series of transactions must be disclosed to Revenu Québec (“RQ“) within 90 days of execution, and agreements already in place on May 17, 2019, must be disclosed by September 16, 2019 (“New Disclosure Requirement“). Failure to comply with the New Disclosure […]

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Financial analyst joins Fladgates

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CMS alliance finally fills CEO position

CMS, the European alliance launched by Cameron McKenna, has at last appointed a new CEO, almost a year after the post became vacant. The alliance has appointed non-lawyer Peter van Dalen who will step down as managing director of Camerons’ Dutch ally CMS Derks Star Busmann Hanotiau. The alliance lost CEO Peter Lonnquist in December […]

Norton Rose-Gaedertz merger breaks down

Merger talks between Norton Rose and Gaedertz have been thrown into disarray with the German firm’s failure to approve the link-up. A partner vote at Gaedertz failed to secure the minimum 80 per cent approval required from partners. It is understood that the result fell some way below the requisite level. “There was some difference […]

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Enterprise Chambers (Anthony Mann QC) A London-based set with annexes in Leeds and Newcastle, the set wins strong recommendations, particularly from regional solicitors. Its main players are head of chambers Anthony Mann QC, Peter Arden, Geoffrey Zelin, Linden Ife and Hugh Jory. Erskine Chambers (Robin Potts QC) With head of chambers Robin Potts QC the […]

Linklaters Opens Three New European Offices

Linklaters has also taken the managing partners of Burns Schwartz’s Bratislava and Bucharest offices to head up its new offices in Slovakia and Romania. Jason Mogg and Michael Tetrault Schilling become the managing partners in Slovakia and Romania respectively. Nick Eastwell, the Linklaters’ partner responsible for central and eastern Europe says: “We are committed to […]

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