B v Erinvale: the Jersey Royal Court intervenes to set aside a trustee decision

In the case of B v Erinvale, the Royal Court intervened to set aside a decision of the trustee not to make the spouse of the settlor a beneficiary in her own right. The Court’s decision has implications for trustees and their obligation to act reasonably despite the trustee setting out reasons for its original decision.

Related briefings

Will 2021 be the year of special purpose acquisition companies (SPACs) in Luxembourg?

While SPACs have existed for decades on public markets, a revival seems to be taking place, with SPACs representing about 60 percent of IPOs in the US in 2020. February 2021 saw the launch of the first Luxembourg SPAC in more than 10 years, highlighting the potential for Luxembourg to become the European hub for this type of funding structure. The jurisdiction not only offers a flexible and tax efficient legal framework but also the ability to rely on the European passport mechanism set forth in the Prospectus Regulation.

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds

Offshore companies are frequently used to facilitate debt finance transactions for large PRC based corporate groups. In the context of a bond issue, the corporate group will often incorporate an offshore subsidiary for the sole purpose of acting as the bond issuer. Bondholders, naturally, expect some form of credit protection, which the offshore subsidiary cannot […]

Latest Briefings

Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

Recommended

Kirkland exits mount as Goodwin nabs tax partner

Goodwin has hired a tax partner from Kirkland & Ellis, marking the latest addition in a sustained streak of lateral hiring. The US firm has taken on London partner Dulcie Daly, who has spent seven years as a partner at Kirkland. As part of her practice, she works on UK and international tax planning in […]

CC

Clifford Chance selects property advisers for HQ search

Clifford Chance has appointed a real estate adviser to guide its search for new premises, as it mulls a return to the City over its current Canary Wharf digs. The magic circle firm is moving from its longtime relationship with adviser CBRE to Cushman & Wakefield, as it gears up for an exploratory search ahead […]

G4S

Judge rebukes “disorderly” Invesco claim against G4S

A case brought against G4S by Morgan Lewis & Bockius on behalf of a group of claimants has been struck out, with the judge citing “serious” mistakes in the case. Mr Justice Mann said that the failure of the in-house legal team at Invesco, one of the claimant parties, to understand its own structure was […]

Innovating for growth: Designing a digital services strategy

Matheson’s head of digital services Tom Connor shares his insights into working as part of the senior management team to design, execute and lead the evolving digital transformation strategy at Ireland’s largest law firm.    The events of the past year have significantly altered the way in which many people and businesses think about how […]

magazines

Reed Smith and A&O lead on New Scientist sale

Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]

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