Related briefings

Economic substance: clarification of COVID-19 concession in Jersey

Since the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) came into force on 1 January 2019, Jersey tax resident companies carrying out certain ‘relevant activities’ have had to comply with the substance requirements set out within the Law.

Channel Islands funds quarterly update: Q4 2020

Contents: 1 Pan-Channel Island developments 1.1 Economic Substance updates: Self-Managed Funds and Fund Vehicles 1.2 Brexit: updated position following the UK leaving the EU 2 Jersey developments 2.1 Guidance on COVID-19 Economic substance concession 2.2 Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 2020 2.3 Minor amendment to the JFSC’s Outsourcing Policy and Guidance […]

Latest Briefings

EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions

The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]

Dealing with Requests for Flexible Working under Jersey and Guernsey Law

There is no doubt that enforced working from home (‘WFH’) during the early stages of the pandemic has accelerated changes in the way we work. Partly motivated by the initial response to lockdown measures, partly by a need to accommodate individual circumstances, employers and employees have had to adapt to changes in where, how and […]

UK Government Announces Changes to DAC6 Post-Brexit – Impact For Ireland

EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities.  Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]

Big Tech worldwide regulation: not if, but how

We appear to have reached a global consensus that it is no longer a question of if we should regulate Big Tech but how we regulate, with a flurry of legislative proposals in Europe and legal actions in the US jostling for attention in the final weeks of 2020.

Firms told to look out for domestic abuse signs

The pandemic is making employers and employees re-assess the value of the workplace. One factor, as Business Minister Paul Scully MP has pointed out, is rarely considered: are employees being subjected to domestic abuse?

Recommended

Presentation skills for lawyers: Breathe like you mean business

It’s something that we all do – 24 hours a day, seven days a week, each and every year that we spend on this planet – and we do it without thinking about it. It can be effortless and silent or laboured and loud, particularly in the dead of night and much to the annoyance […]

Pinsent Masons

Pinsents set to axe up to 30 roles in redundancy round

Pinsent Masons is the latest top 50 firm to enter a redundancy consultation in response to the Covid-19 crisis, with between 20 to 30 roles set to be affected. It was back in April that The Lawyer revealed Pinsents was one of the first UK firms to place staff on furlough, with a total of […]

In court this week: Torture, tax and conspiracy

As Christmas draws closer, the courts are preparing for substantive hearings in the new year. This week several high-profile cases will be heard for case management and directions hearings. Dechert, Neil Gerrard and Enyo will be appearing in court for a one-day hearing in Gerrard’s dispute with Jordanian lawyer Karam Al Sadeq. While it is […]

CC

Clifford Chance to ditch gendered language in its documents in new policy

Clifford Chance is encouraging its people to remove gendered language from their documents and communications, a step-up of new policies around diversity and inclusion. The magic circle firm will now produce only gender-neutral documents and contract templates in a new policy that spans all of its practice areas and offices. This language change entails gendered […]

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