Latest Briefings

The sustainability of green financing

Maples Group acted for Xiaomi Corporation in connection with Xiaomi’s offering of US$800,000,000 2.875% Senior Bonds Due 2031 and US$400,000,000 4.100% Senior Green Bonds Due 2051 issued by Xiaomi Best Time International Limited, incorporated in Hong Kong and unconditionally and irrevocably guaranteed by Xiaomi Corporation, a company controlled through weighted voting rights and incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The green bonds offering marked Xiaomi’s initial foray into the world of green financing and more broadly Environmental, Social and Governance (ESG). The proceeds of the green bonds are earmarked for ‘Eligible Projects’ within Xiaomi’s finance framework aimed at positive environmental and social benefits. Their framework follows the green bonds and loan guidelines of the International Capital Markets Association.

Guernsey consolidates economic substance and extends it to partnerships

Guernsey has brought partnerships into scope of economic substance requirements for accounting periods commencing on or after 1 January 2022, although partnerships formed on or after 1 July 2021 will be in scope immediately on formation where they conduct activities that trigger the economic substance requirements.


Marie-Eleni Demetriou

Brick Court Chambers barrister wins transsexual pension appeal

A Brick Court Chambers barrister has successfully appealed an earlier decision which found that a male-to-female transsexual should not receive a pension from the age of 60. Marie-Eleni Demetriou, who was instructed by Freshfields Bruckhaus Deringer partner William Robinson, acted for Christine Timbrell in her case against the Secretary of State for Work and Pensions. Timbrell, who was born […]


Trio of firms arrange sale of Addleshaws’ HQ

Dewey & LeBoeuf, ­Herbert Smith and SJ Berwin have arranged the sale of Addleshaw ­Goddard’s headquarters to a Middle East investor as part of a highly secretive deal. The purchaser, whose identity is shrouded in ­mystery, was advised by Dewey counsel Nicholas Shepherd, having been brought to the firm by partner Camille Abousleiman. The corporate partner has acted for a number of Middle East clients in […]

Turnover and PEP down at Nabarro

Nabarro has posted a 10 per cent drop in turnover alongside a double-digit fall in average profit per equity partner (PEP) for the 2009-10 financial year. Turnover fell from £126.5m at the 2008-09 year-end to £113.8m while PEP fell 15 per cent from £375,00 to £320,000. At the same time the total number of equity […]

RBS litigation head takes on Virgin Money general counsel role

RBS’s litigation chief Stephen Pearson is leaving the bank to take on the newly created general counsel position at Virgin Money. Pearson, who is in his final week as general counsel, special services and litigation at RBS, takes up his new role in August. At Virgin Money he will report to chief executive Jayne-Anne Gadhia, […]

Ireland in the sun

While one report predicts that Ireland’s recovery from the recession will be slow, the queue of international law firms looking to open offices there suggests evidence to the contrary.  Ireland’s descent into recession was sudden and severe. Its recovery will be ’tentative and largely jobless’ according to a report published by Ernst & Young […]

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