Separated at birth

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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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South East and London hardest hit as law firm redundancy toll rises to 440

Law firms in the South East and London have laid off more staff than those in any other region in England and Wales, with real estate departments bearing the brunt of the impact. Exclusive research carried out by The Lawyer shows that 117 people have been made redundant at firms in the South East – […]

Lawyer dearth sees GCs bag top dollar in UAE

In-house lawyers in the United Arab Emirates (UAE) are being paid more than ever because of a lack of suitable candidates. In-house lawyers in the United ;Arab ;Emirates (UAE) are being paid more than ever because of a lack of suitable candidates. The shortage has prevailed despite the credit crunch causing some expats to look east. A […]

Price check

The court system needs to address the high costs of lower-end commercial disputes if it wants to service the business community effectively. The ;Commercial ;Court’s long trial working party ­recommendations and the development of the business courts at the Rolls Building would ­suggest a bright future for the courts. Despite these positive moves for the […]

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