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Principles applicable to an ‘insolvent’ trust in Jersey

It is important that trustees understand their obligations if their trust structure comes under financial stress. Helpfully, the Jersey courts have provided guidance on the principles applicable to ‘insolvent’ trusts, which is likely to be highly persuasive in other jurisdictions.

Flexibility and teleworking

Flexible working is not a new concept in the UK, and it exists in a number of forms, both formal and informal.

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).

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Shoosmiths advises on first ‘Foundry Project’ bar

Shoosmiths has advised Marston’s, one of the UK’s leading pub retailers and brands, on its new ‘Foundry Project’ bar, named Foundry 39, in Scotland. Shoosmiths real estate team has been advising long-standing client Marston’s with their ventures across the UK on various projects over a number of years.

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