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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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Japan looks after its own in C&W bid

US and Japanese law firms are locking horns over a bid by UK-based Cable & Wireless (C&W) to buy Japanese-based International Digital Communications (IDC). C&W has offered u347m in cash for IDC. But Nippon Telegraph and Telephone, Japan’s largest telecoms operator, has put in a bid to buy the company in stocks and cash for […]

Brochure girls fight back

As a solicitor who also has experience of legal practice management (including some marketing) I read the comments made by David MacKenzie, director of sales and marketing at Michael Page ( The Lawyer 17 May, page 14) with disbelief. Has he heard of the Sex Discrimination Act? I recently met a male manager with less […]

Prince of Darkness returns to Clifford Chance

Former Deutsche Bank’s global general counsel Peter Brooks has returned to his old firm of Clifford Chance with “more to give” following his in-house experience. Brooks, dubbed the “Prince of Darkness”, was tempted back to head Clifford Chance’s expansionist European corporate unit. Brooks, who earned the sobriquet through his ruthless style, left Clifford Chance in […]

Edge Ellison ditches lockstep for performance-based pay

Edge Ellison has moved away from lockstep by introducing incentive-based pay for equity partners. The complex system of assessment seeks to reward both ability and performance, says new managing partner Simon Ramshaw. He describes the new system as scientific, rigorous and exacting. “A percentage of partners’ remuneration will be determined by performance in the year […]

Property

Simon Corke, property services partner at DJ Freeman, advised the Crown Estate on a contract under which King’s College, London will take a 125-year lease on the Grade II listed Rolls Estate, Chancery Lane. Property partner Gerald Bland of Herbert Smith represented King’s College.

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