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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royal courts of justice

Hausfeld replaces Withers on £400m Libor claim against RBS

Withers has been replaced by Hausfeld on a major Libor manipulation and swaps mis-selling claim being brought against the Royal Bank of Scotland (RBS). Property tycoon claimant Stuart Wall launched the high-profile lawsuit against RBS in August 2014, originally instructing Withers commercial litigator Andrew Wass. This week Wall switched law firms to Hausfeld’s London boss […]

Court

Withers must pay £1.6m to ex-client in professional negligence claim, CoA rules

The Court of Appeal (CoA) has denied an appeal by Withers over a ruling that it must pay its former client Wellesley Partners £1.6m in damages. The judgment handed down on Thursday (12 November) simultaneously upheld part of a cross-appeal by Wellesley Partners (WP) relating to its claim Mr Justice Nugee was “wrong to find […]

Luke Joannou Brit Legion

Withers wins Royal British Legion principal legal adviser role

The Royal British Legion has appointed Withers as its principal legal adviser following a move by general counsel Luke Joannou to formalise the charity’s relationships with its external firms. Withers’ work for the armed forces charity will include advising on governance issues, regulation and commercial projects. It is the first time the Legion has had […]

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