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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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In brief: Herbert Smith

Law firms have some of the worst credit ratings in the country. A survey of 1.3 million sole traders and partnerships by ICC Information lists 28,000 legal and accountancy firms in the worst 10 per cent. The legal profession as a whole ranks 540 out of the 911 sectors surveyed.

Wilde Sapte's exit rules attract French scrutiny

Wilde Sapte is bracing itself for a possible partner exodus if a judgment on its controversial policy preventing more than two senior equity partners leaving each year is ruled unlawful. The ruling by a French judge is due this week. Tom McDonald, a partner in Wilde Sapte’s Paris office, entered arbitration with the French bar […]

All systems go when firms merge?

Preparing for merger can be one huge headache. Pay structures, partnership deeds and client lists are all areas that have to be addressed if firms are to be compatible and the marriage is to work. But one of the biggest headaches of all is how to merge the IT capacity of two or more firms. […]

In brief: 1 Crown Office Row

1 Crown Office Row, the chambers of Mark Strachan QC, is moving to refurbished premises at 3 Hare Court. The move, which will take place at the end of the year, will enable all tenants at the general commercial and common law set to be housed on one site.

Dibbs launches new rapid response unit

Dibb Lupton Alsop claims to have launched the UK’s first “rapid response team” to advise on emergencies – but rivals claim that they have provided the service for years and that it is a marketing gimmick by Dibbs. A round-the-clock service manned by a 30-strong Dibbs team plans to cash in on providing immediate advice […]

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