Jones Day HK corporate ace quits for client

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New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

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Elsey, Mark – Hot 100

In recent years, Ashurst’s head of projects Mark Elsey has overseen the growth of the practice into one of the most respected and high-profile projects and PFI teams in the market. And while the group may have built its name advising government bodies on the accommodation and transport PFI megadeals, Ashurst’s PFI group is now […]

CC junior assistant fights own firm in court

A Clifford Chance junior assistant in Paris is taking on his own firm to defend his right to act as a trade union representative. Clifford Chance is challenging Avi Bitton’s appointment as a délégué syndicale, or trade union deputy, in a Parisian tribunal d’instance, or magistrates’ court. The firm says his appointment by the Confédération […]

Schmidt, Mario – Hot 100

2004 saw Clifford Chance secure one of the most coveted roles in German private equity – that of lead adviser to 3i. And young Frankfurt partner Mario Schmidt was instrumental to the win. It was Schmidt’s work on the e50m (£34.6m) buyout of German pharmaceutical company Lichtwer Pharma that first impressed 3i, which then sent […]

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