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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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In part one of a two-part series, Sue Eccleston reveals why a PSL’s role stretches well beyond the stereotype Ask many client-facing solicitors and partners across the country how they perceive a professional support lawyer’s (PSL) role, and they’re still likely to turn up their noses. For them it is a ‘softer’ approach to legal […]

Don’t stop the press

According to a recent press release, Addleshaw Goddard has reinforced its “undisputed leadership” of the North West property market by reappointing one of its property partners (Paul Conroy) after a sabbatical. So, a partner goes on sabbatical, with the prior agreement of the firm; and then, when it’s over, he comes back. In a similar […]

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Michael Hatchwell, head of corporate, Davenport Lyons What was your first ever job?Selling beautiful Danish tents to English campers in a Brighton antiques warehouse. What was your worst experience as a trainee?I have to say my traineeship was great [at Gamlins, 1986-88; since taken over by Penningtons]. Two experiences during my broader training left a […]

Identity crisis

With a more sophisticated rent review arbitration process, are expert valuation witnesses behaving too much like advocates? Jonathan Seitler QC reports Traditionally, whether or not a rent review involves an oral hearing, the landlord and tenant each employ a surveyor to give an opinion of value to the arbitrator. Although the landlord’s valuer will usually […]

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Farrers takes on HSBC in test case for Chaps banking system

Farrer & Co has become involved in a groundbreaking e-commerce case that could have far-reaching implications for the future of electronic banking. The London firm represented HSBC customer Dr Hosni Tayeb in his claim for nearly £1m against the bank, after it incorrectly returned a Clearing House Automated Payment System (Chaps) payment made to him […]

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