Related briefings

The Revenue Rule in the Cayman Islands and British Virgin Islands

It is well established, under common law principles applicable in the Cayman Islands and the British Virgin Islands, that claims for payment of foreign tax liabilities, or claims for the enforcement of foreign judgments for tax liabilities, will not be judicially recognized or enforced by the Cayman Islands courts or the British Virgin Islands courts. These principles are known as ‘the Revenue Rule’.

Bermuda Public Companies Update

This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies on the New York Stock Exchange and Nasdaq in the first half of 2021.

Is their wish your command? Thoughts for trustees and settlors on letters of wishes

It is common practice when a trust is established for the economic settlor to provide a letter of wishes, addressed to the trustees of the trust, setting out their wishes with respect to the administration of the trust. For the trustees, such letters are often a valuable insight into the rationale for the establishment of the trust, how the trust assets are to be utilised and other background information about the family of the settlor and/or beneficiaries.

Trusts in divorce: an update on the English approach

July brought the long-awaited conclusion to the latest high profile case in which offshore trusts came under attack from the Family Division in England and Wales. Mr and Mrs Akhmedova endured eight years of litigation before reaching their settlement, during which Mr Akhmedova placed assets in numerous offshore trusts and company structures and sought to benefit from the most robust firewall provisions available.

Latest Briefings

Funds & Investment Management Update – Ireland and Luxembourg – Q2 2021

This quarter’s highlights include the coming into force of the Investment Firms Directive and the Investment Firms Regulation, a number of AML developments, ESMA’s publication of funds’ marketing communications guidance and the CBI’s call for UCITS managers to review their liquidity risk management frameworks. Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.

The ILC Articles at 20: Introduction to the Symposium by Prof. Christian Tams and Dr Federica Paddeu

The Articles on the Responsibility of States for Internationally Wrongful Acts (Articles), developed by the International Law Commission (ILC), turn 20 this year. On 9 August 2001 – 45 years after the first report by Special Rapporteur Francisco García-Amador on the topic, after 5 Special Rapporteurs and 34 reports by them – the ILC adopted the final text of the Articles, thus bringing to an end work that (in the words of Rosalyn Higgins) were it not for the Commission‘s broad understanding of responsibility, ‘should on the face of it [have] take[n] one summer’s work’.

Scaling expertise through digital solutions

Neota Logic provides the ability to scale access to expertise through automation solutions using its no-code platform, making it an easier, faster and less expensive way to engage your stakeholders.

Portugal: Managing the Impacts of COVID-19

The COVID-19 pandemic has led to the adoption of legal measures that have a profound impact on businesses in different sectors and on society at large. The implications are broad and complex and we are committed to focusing our knowledge and experience to help you navigate these legal issues as they arise.

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China’s Dacheng part of world’s largest firm thanks to Dentons deal

PRC firm Dacheng has come a long way since it was founded in 1992. Having launched in Beijing with just five partners, by the time we published our China Elite last year the firm had 50 offices, nearly 900 partners and more than 3,000 lawyers. That’s pretty impressive growth, but now the firm has gone […]

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Freshfields to pay £1bn to retired partners over next 50 years

The amount that Freshfields Bruckhaus Deringer expects to pay to fund current partners’ pensions fell in the 2013/14 financial year, despite the firm’s total future commitment to retired partners continuing to hover around the £1bn mark. The magic circle firm operates a retirement scheme that historically paid retired equity partners a share of profits every […]

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Cyber security – In a rights pickle

The proposed counter-terrorism law looks set to leave ISPs and social media sites uncomfortably torn between security and privacy demands. What are the potential legal obligations from the likes of ISPs and social media sites with the introduction of the Counter-Terrorism and Security Bill? Eduardo Ustaran, partner, Hogan Lovells: Legal obligations under the Counter-Terrorism and […]

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MoFo boosts Berlin with data protection hires from De Brauw

Morrison & Foerster (MoFo) has turned to De Brauw Blackstone Westbroek for the hire of two data protection lawyers, including the Dutch firm’s global data privacy chair Lokke Moerel. Moerel joins MoFo in Berlin as a senior of counsel alongside De Brauw senior associate Alex van der Wolk, who becomes a partner at the US […]

Deadly bull attack case: No5 Chambers lawyer represents HSE

In a health and safety prosecution concerning a dairy farm before Stafford Crown Court, Tim Pole of No5 Chambers acted for the HSE.  The company and director had on an earlier occasion pleaded guilty to health and safety offences of failing to ensure the safety of employees and failing to have a suitable risk assessment […]

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