Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

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Shoosmiths appoints London corporate partner

National law firm Shoosmiths’ has appointed finance lawyer Adam Chamberlain as a corporate partner into the London office. With previous roles at Addleshaw Goddard, Macfarlanes and most recently as a senior associate at RPC, Adam specialises in development and hotel finance, further strengthening Shoosmiths’ real estate finance expertise. Adam will sit within the banking team. […]

Conyers Dill & Pearman supports training Caymanian lawyers with HK secondment

Conyers Dill & Pearman has announced the secondment of a Caymanian articling student to Hong Kong. Ryan McConvey is now stationed in Conyers’ Hong Kong office as an articled clerk and will remain there for the next four months under the tutelage of Devika Parchment, another Caymanian attorney gaining international experience in the financial services […]

More borders, more fees: opportunities for lawyers after Brexit

In the wake of the Brexit vote, there is a need for some clarity on the general subject of globalisation and a law firm’s strategic positioning. First, globalisation is not a decision. It is a force and, for all intents and purposes, a force of nature. It is the movement of people, ideas, products, ­services, […]

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