Brexit and the Jersey real estate market: implications, progress and outcomes

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FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Channel Islands funds quarterly legal and regulatory update: Q4 2018

Jersey Developments Value of regulated funds in Jersey hits record high Figures released by the Jersey Financial Services Commission (JFSC) for Q3/2018 and reported by Jersey Finance, showed that the net asset value of regulated funds under administration in Jersey grew 14% year-on-year to stand at £301.7bn. Ogier’s commentary on this very encouraging news can […]

Time to seek advice over substance

With effect from 1 January 2019 and, in order to address the concerns of the EU Code of Conduct Group, new legislation requiring certain entities to demonstrate economic substance in the jurisdictions in which they are tax resident has come into force in the BVI, Cayman Islands, Guernsey and Jersey. Detailed guidance notes in each […]

New substance legislation for the British Virgin Islands

By Laura Malpass In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities. The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) came into force on 1 January 2019 and applies to all companies […]

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Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

The role of the Centre for Data Ethics and Innovation

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Ontario employers: Time to update your ESA poster

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Trio of firms step in to salvage Countrywide in emergency funding

Slaughter and May, Ashurst and Paul Weiss Rifkind Wharton & Garrison have advised in Countrywide’s emergency £111.4m equity raising, as the crisis-hit estate agency group seeks to reduce its colossal debt figures. Corporate partner Richard Smith and finance partner Ed Fife led the Slaughters team acting for Countrywide. Smith is the firm’s client relationship partner for Countrywide, […]

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Hot 100 Career Quiz: Katherine Moir

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Inclusion 2020 sees Gowling’s female partnership increase

Gowling WLG has announced an increase in the percentage of its female partnership, following the launch of its Inclusion 2020 strategy. Gowling WLG UK LLP set targets in 2016 (when female partners made up 18% of the partnership) to increase the female partnership share at the firm, with targets of 25% by 2021 and 30% […]

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