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Latest Briefings

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

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A site for sore eyes

Tulkinghorn’s done it!! He’s found an interesting law firm website. Usually the world of legal cyberspace is about as interesting as the radio version of Baywatch, but finally he has found one which stands out from the greyness.It belongs to Powers Phillips, a small firm based in Denver.Here is a sample from its welcome page: […]

Freethcartwright makes up three new partners

Freethcartwright has appointed three partners from within the firm Freethcartwright has appointed three partners from within the firm, including Kathy Pickup, head of the firm’s product liability unit, who has been involved in litigation relating to the MMR vaccine and defective breast implants. Clinical negligence expert Julie Hardy and private client lawyer Michael Alden have […]

WIPO begins first hearings following seven-year hiatus

The World Intellectual Property Organization (WIPO) has just hosted its first hearings to resolve disputes, even though it has been open for business since 1995 to handle the hundreds of thousands of intellectual property (IP) disputes that occur worldwide each year.Despite not conducting a single hearing in the six years up to April 2001 (it […]

China meets WTO commitments with five extended licences for HK firms

The Chinese government has issued the first set of licences to foreign law firms that have applied for second offices on mainland China Five licences were issued, all of which went to Hong Kong law firms, including Deacons.China agreed to relax the ‘one-firm, one-office’ rule as part of its World Trade Organisation commitments. The rule […]

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