RJW promotes six to partner status

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The month of June 2019 saw a number of important updates to Bermuda’s economic substance regime ahead of the 1 July deadline for compliance for entities in existence when the legislation came into force. This bulletin contains a summary of those developments. Entities Tax Resident Overseas Out Of Scope The Economic Substance Amendment Act 2019 […]

Jersey’s economic substance requirements – identifying holding company business and its implications

This briefing forms part of our series on identifying relevant activity for the purposes of the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the “ESJL”), in this case holding company business. Identifying Holding Company Business (“HCB”) The ESJL defines HCB as “the business of being a holding company”, which suggests it applies to all […]

Trust Essentials – July 2019

Z trusts judgment: whose rights take priority when a trust is insolvent? Jersey’s Court of Appeal has handed down its long awaited judgment in the Z Trusts case. The decision considers important questions regarding the equitable rights of a former trustee, and whether those rights have priority over the rights of other claimants to the […]

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Opinion: News of the World – a closure without closure? Will the stigma last?

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A trio of firms have won lead roles on Spain’s largest-ever IPO as the country privatises state lottery and betting organisation, Loterías y Apuestas del Estado. Clifford Chance and Uría Menéndez have scooped instructions from Loterías y Apuestas on the upcoming deal, while Cuatrecasas Gonçalves Pereira is advising the coordinating banks – Credit Suisse, Goldman […]

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Life is Tweet for Ashurst social media junkies

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Petronas Energy’s first general counsel moots legal panel

Petronas Energy Trading, the European arm of the Malaysian energy giant’s gas trading business, has appointed its first in-house lawyer. Nailesh Rambhai has moved to the company to lead the team, joining this week from Coventry Building Society. The company currently instructs Kew-based energy specialist LXL, which was founded by former Clifford Chance partner Alan […]

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