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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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Tribunals shake-up creates two-tier system

The Tribunals Service has undergone a radical shake-up today with the launch of a two-tier system. The new structure will see most of the current tribunal jurisdictions transferred into either the First-Tier or Upper Tribunal. Justice minister Bridget Prentice said the overhaul, which implements a key part of the Tribunals, Courts and Enforcement Act 2007, […]

A&O, Addleshaws act on fourth building society merger

A&O and Addleshaws have squared up on a fourth building society deal, A&O advising Skipton on its takeover of Addleshaws client Scarborough. Allen & Overy (A&O) and Addleshaw Goddard have faced each other on a fourth building society deal, with the former advising Skipton Building Society’s on its takeover of Addleshaws client Scarborough Building Society. […]

SJ Berwin settles on three US best friends

SJ Berwin has compiled a definitive list of US best friends after several years of planning, choosing to focus on its relationships with three firms. The firms on the roster are New York’s Paul Weiss Rifkind Wharton & Garrison, Silicon Valley’s Cooley Godward Kronish and Boston-headquartered Goodwin Procter. An SJ Berwin source said: “We looked […]

Gay and free?

During the downturn associates have some tough choices to make. To sit tight or move to an office in a busier jurisdiction? Which is an even tougher choice to make when you’re gay. During the downturn associates have some tough choices to make. Whether to invest in retraining or focus on core specialisms? How to […]

Iceland banking saga hands A&O, 2Birds roles on Kaupthing UK sale

Allen & Overy (A&O) and Bird & Bird are the latest firms to win instructions resulting from Iceland’s banking crisis, acting on the sale of Kaupthing Singer & Friedlander’s (KSF) UK investment management business. KSF, the UK arm of Icelandic bank Kaupthing, has been put into administration by ­regulators in the UK. The bank turned […]

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