Non-charitable purpose trusts in Guernsey

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Channel Islands funds quarterly legal and regulatory update: Q4 2018

Jersey Developments Value of regulated funds in Jersey hits record high Figures released by the Jersey Financial Services Commission (JFSC) for Q3/2018 and reported by Jersey Finance, showed that the net asset value of regulated funds under administration in Jersey grew 14% year-on-year to stand at £301.7bn. Ogier’s commentary on this very encouraging news can […]

Time to seek advice over substance

With effect from 1 January 2019 and, in order to address the concerns of the EU Code of Conduct Group, new legislation requiring certain entities to demonstrate economic substance in the jurisdictions in which they are tax resident has come into force in the BVI, Cayman Islands, Guernsey and Jersey. Detailed guidance notes in each […]

New substance legislation for the British Virgin Islands

By Laura Malpass In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities. The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) came into force on 1 January 2019 and applies to all companies […]

Time for Islanders to use new law to record wishes about assets and care

By Simon Lofthouse January is the traditional time of year for writing or updating your will, but Islanders should also consider a Lasting Power of Attorney (LPA) to record their wishes about their assets and personal care should they lose mental capacity. That’s the view of lawyer Simon Lofthouse from Ogier’s Jersey Private Client & Trusts […]

New EU securitisation framework applicable from 1 January 2019

By Laurent Thailly, Fiona Schneider The long-awaited Securitisation Regulation (EU) No 2017/2402 of the European Parliament and of the Council of 12 December 2017 (the Securitisation Regulation) entered into force on 17 January 2018 and will apply directly in all Member States from 1 January 2019. The Securitisation Regulation marks a significant step towards the implementation of the European […]

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Drone usage and the law

By Jane Weaver, Martin McKeague It is likely that, in the run-up to this Christmas, perhaps more online shopping will have been done than at any time ever before. Amid news stories about traffic congestion being caused by the growing numbers of delivery vans on our roads, and as technological innovations develop apace, retailers may be increasingly […]

Portugal: An introduction to Energy & Natural Resources

By Rui Amendoeira, Miguel Soares Branco In 2016, Portugal ran for four days straight on renewable energy alone. Recent investments in renewable energies mean that currently Portugal runs approximately 60 per cent on renewable energy all year round. Without relevant oil and gas developments, this European country represents the modern approach to the energy sector with […]

Serbia: The registration of Ultimate Beneficial Owners

As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […]

2019 Planning predictions

2019 is likely to be an unpredictable and turbulent year in the UK and abroad, and few will be confident enough to predict whether Great Britain and Northern Ireland will leave the European Union in March; whether we will enjoy a heatwave in the Summer; or what the nation will watch now that Big Brother […]

Changes to the UK’s trademarks law

Today the EU Trade Marks Directive 2015 comes into force and brings with it changes to the UK Trade Marks Act 1994 (TMA), and the UK Trade Marks Rules 2008 (TMR). We have set out a brief summary of the key changes which will impact the application, registration, enforcement and licensing of trade marks in […]

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K&L Gates hires two from White & Case and WFW

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By Patrick Van Eecke and Antoon Dierick Bill Gates once said that ‘(t)he day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy’. Although this may be somewhat of a witticism, no one doubts that technological evolution plays a substantial role […]

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All the latest partner hires and other appointments within Continental European firms and offices. Central & Eastern Europe Romanian firm Mares Danilescu Asociatii has elected founder Simona Mares as a name partner and has changed its name to Mares Danilescu Mares. Mares practises corporate, banking and finance and infrastructure law. Austrian firm Schoenherr has promoted […]

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Concierge, cars and cash for couples – the benefits of being a UK top 50 partner

Partner benefits among the UK’s top 50 law firms include allowances for new luggage, cash for spouses and an on site GP, new research by recruitment consultancy Sainty Hird & Partners claims today. The recruiter asked HR directors across the UK top 50 and US top 15 what they offer aside from money to attract […]

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