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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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Poorly Frawley gets Taylor Wessing blessing

Five points for anyone who correctly guesses the identity of this well-known lawyer: “Sorry, but I’ve got a massive hangover today. I was out with clients at 5pm yesterday when the news came through.” If you said Taylor Wessing’s current, and newly re-elected, managing partner Michael Frawley, you win. Yesterday the Kiwi wine buff may […]

Law firms buy a piece of London’s history

City law firms Berwin Leighton Paisner (BLP), Freshfields Bruckhaus Deringer and Slaughter and May have splashed out and bought themselves a year of London’s history. Each paid out £5,000 to have their logos included on a timeline in the Museum of London’s new galleries, which will feature works from more than 300 years of the […]

Vinson leads on Swiss sukuk for EnergyMixx renewable energy float

Vinson & Elkins has scooped a role advising on the first sukuk from Swiss renewable energy company EnergyMixx. The sukuk will be used to fund the expansion of EnergyMixx’s European power plants in the renewable sector. Finance partner Ayman Khaleq, who led the Vinson team, said the sukuk is unusual in that it is funding […]

Third-party umming and arring

Recent reports have pointed to the fact that third-party litigation funding is finally entering the mainstream of City litigation, with Herbert Smith considering whether to go down that alley. This claim is likely to have shocked some City lawyers, and rightly so, as many of them probably thought they were already working on such funding […]

Scotland

Two firms stand out in the Scottish peer group this year, but for very different reasons. Dundas & Wilson posted robust turnover growth but a static average profit per equity partner (PEP), while Brodies had an exceptional year, with revenue rising by an enviable 43 per cent coupled with a decent 13 per cent hike […]

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