Financing

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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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Rent dispute reaches the Lords

The Law Lords have granted leave for an appeal by the London Assessment Committee. Curtis v Chairwoman of the London Rent Assessment Committee involves annual rents registered for two flats in an East London block in June 1993. A rent officer registered rents of £3,900 and £3,640 while the landlord argued for higher figures. In […]

In brief: Cobbetts introduces annual review process

Manchester firm Cobbetts has introduced a performance review process for all its partners – from the senior partner down to the most junior. Each partner will have an annual performance review – together with a formal interim review after six months – and will be assessed on objective measures, according to partner Stephen Benson. Management […]

In brief: Beachcrofts and Wansbroughs vote on merger

Partners at Beachcroft Stanleys and Wansbrough Willey Hargrave were understood last week to be voting on the final details of the proposed merger between the two firms. Lord Hunt of Wirral, Beachcrofts’ senior partner, would not confirm that the vote was taking place but said: “We are closer to a final decision. The discussions have […]

In brief: Bar Council and Govt discuss new fee system

The Bar Council is in talks with the Government to introduce a transparent and accountable fee system. Bar Council chairman Heather Hallett QC said that although much of the criminal Bar’s work is already covered by fixed fee rates, the Bar wanted to widen that scheme so that all criminal cases have pre-negotiated fees.

Is flexible working a waste of time?

Richard Tyler looks at how some visionary firms are aiming to retain top staff by letting them work from home. Long hours and the legal profession go together like paracetamol and a hangover – one naturally follows the other. But for some lawyers this is a bitter pill to swallow. For them, a successful legal […]

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