Aviation Financing & Leasing – Bermuda

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Cayman Islands Perpetuity Periods and the “Royal Lives” Clause

As Downton Abbey captivates audiences worldwide with its portrayal of British aristocracy, it may be timely to consider some old English concepts which have an enduring effect on contemporary trusts practice. The historical drama depicts the lives of the well-to-do Crawley family who reside at “Downton Abbey”, a fictional estate in the British countryside. While […]

Cayman Commits to Introducing a Public Beneficial Ownership Register

The Government of the Cayman Islands has announced its intention to introduce a public register of company beneficial ownership. In anticipation of public registers of beneficial ownership becoming the international standard, and at least implemented by the EU Member States by 2023, the necessary legislative changes are expected to be proposed in 2022. Links to […]

The Bermuda LLC: a cost-effective and flexible vehicle for private equity

By Robert N. Alexander and Neil Henderson Bermuda Limited Liability Companies (LLCs) are flexible offshore vehicles that can replicate many of the same features as Bermuda exempted companies, at a cheaper cost and without some of the corporate governance restrictions of an exempted company. Nevertheless, the LLC is occasionally overlooked as a structuring option. One […]

Offshore economic substance requirements – new implications

By Linda Martin, Elizabeth Elliott and Eric Flaye Economic substance requirements have been enacted in all leading offshore financial centres in response to the EU Code of Conduct Group (Business Taxation) reports issued in June 2018. These set out the requirements for economic substance that relevant non-EU jurisdictions were required to adopt in order to […]

Latest Briefings

Responsibilities of the members of the board of directors due to public debts

By Gülenay Kavcar In the light of the decision of the Constitutional Court regarding the application of EROL KESGİN dated 2015/11192 and dated 30.05.2019, the members of the Board of Directors who are not represented have the responsibility of the liability of the Board of Directors.     I. BRIEF SUMMARY OF THE CONSEQUENT EVENT The provincial […]

Do I need to get planning permission for the changes I want to make to home?

By Martín Casas If you’re thinking about  doing works on your house or garden, one of the things you will be thinking about (or should be thinking about!) is if you need to obtain planning permission. In most cases you will need planning permission, but there are a few occasions where you don’t. Probably the most […]

The impact of economic substance rules on family offices in the Channel Islands

By Richard Laignel, Alice Bricogne The economic substance legislation that came into force in Guernsey and Jersey in January 2019 requires companies that are tax resident in either island, and that conduct one or more of the defined activities, to demonstrate that they meet threshold levels of physical substance in their respective jurisdictions. How do the rules […]

Standard collaterals in commercial lease agreements on polish market

Under a lease agreement, a landlord commits to hand over a thing for a tenant’s use for a fixed or non-fixed term and the tenant commits to pay the landlord the agreed rent. When the lease ends, the tenant is obliged to return the thing in a non-deteriorated condition; however, is not liable for normal […]

The employer’s obligation on labour safety and hygiene in mongolia

By Bolormaa Volodya Mongolia is one of the wealthiest countries in the world of mineral resources and has developed its own independent mining industry since 1990. The country has joined the implementation of European and international technical, environmental and occupational safety and health standards in the mining sector to improve its competitiveness in the public […]

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Rosenblatt hires from Big Four for white collar launch

Rosenblatt has launched a white collar fraud and financial crime division, with the hire of KPMG’s former head of UK corporate crime. Manraj Somal joins the firm to head its new department and will be joined by Kangs Solicitors former head of London, Frances Murray, where she practised predominantly in the area of white collar […]

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Clydes marine team hit by partner defections to new boutique

A group of partners have resigned from Clyde & Co’s marine practice as they set out plans to go it alone and form a new boutique law firm, The Lawyer understands. The five partners include Ed Mills-Webb, who became a partner in 2010 at the firm. A Clydes spokesperson said: “We can confirm that Ed […]

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Macfarlanes and Freshfields win top roles on £1.8bn wealth management merger

Macfarlanes and Freshfields Bruckhaus Deringer have won the top roles on the £1.8bn merger between wealth managers Smith & Williamson and Tilney. Bringing together two of the UK’s longest-established wealth management and professional services businesses, the combined group will be named Tilney Smith & Williamson with an enterprise value of approximately £1.8bn. Smith & Williamson […]

Dentons opens in five jurisdictions in bid to build “pan-African” law firm

Dentons has encroached deeper into Africa through five proposed combinations across the Continent. The firm today announced that it was tying up with local firms in Angola, Morocco, Mozambique, Uganda and Zambia, following a concerted push to embed itself in the continent as the “first Pan-African law firm owned and controlled by Africans.” The firms […]

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