Related briefings

INSOL Europe insights: cryptoassets and insolvency

It’s probably becoming a cliché to say that the future is already here, but it’s hard to resist. New technology increasingly pervades every professional sector, including that of insolvency.

Principles applicable to an ‘insolvent’ trust in Jersey

It is important that trustees understand their obligations if their trust structure comes under financial stress. Helpfully, the Jersey courts have provided guidance on the principles applicable to ‘insolvent’ trusts, which is likely to be highly persuasive in other jurisdictions.

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Latest Briefings

Employee ownership: getting the best from your trustees

When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.

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BCLP and Gowling lead on sale of BT’s new HQ

Bryan Cave Leighton Paisner (BCLP) and Gowling WLG have acted on the £429m acquisition of BT’s new headquarters by Union Investments. German investor Union Investments was advised by BCLP real estate partners Kieran Saunders and Damian Fleming. Saunders leads the firm’s funds and investment management group while Fleming is head of its Manchester office. Gowling […]

Funding

Augusta bags £250m in latest funding round

Augusta Ventures’ war chest has almost doubled after concluding a round of funding worth £250m. This latest capital raising, which is Augusta’s biggest so far, means the funder now boasts a pot of assets worth £585m to meet increased levels of demand. Augusta’s co-founder and managing director Robert Hanna told The Lawyer that the funder’s […]

High Court

Court steers clear of retrial despite 34-month wait for judgment

The Court of Appeal has stopped short of ordering a retrial in a recent case despite criticising a sitting High Court Judge for his “inordinate and inexcusable delay” reaching judgment. In a hearing before Lord Justice Lewison, Lord Justice Arnold and Lord Justice Lewis, all rejected an appeal linked to a 34-month wait for judgment […]

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