Channel Islands employment law update – March 2021

Includes the first COVID-19 related Employment Tribunal judgment in Jersey.

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

‘Tax Day’ – government continues its campaign to tackle non-compliance

In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.

Fraud in the sub line market – should we be concerned?

In recent weeks, news of the JES Global Capital fraud committed by fund manager Elliot Smerling has come to light. Unfortunately, we live in world where fraud, much like death and taxes, is inevitable.

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Clifford Chance partner takes up fintech GC role

British fintech platform PrimaryBid has hired a partner from Clifford Chance’s equity capital markets team as its new general counsel. Iain Hunter will join the company in May, after more than 20 years at Clifford Chance, having built up a practice focused on international equity capital markets and public markets corporate advisory. As well as […]

EY Law expands team with new DWF recruit

EY Law is beefing up its ranks with the hire of a client-facing expert from DWF, as it introduces a key client programme as part of this year’s strategy. The legal arm of the accountancy firm has hired Zoe Dean, who will act as a director for client transition and operations. Her remit will include […]

Just Eat

Just Eat’s legal team reshuffles after billion-pound merger

Just Eat’s general counsel and deputy GC have departed the business, 18 months after overseeing its £6.2bn merger with Takeaway.com. Just Eat Takeaway GC James Sporle and deputy GC Isabelle Meyer, who are both based in the UK, have left following the integration. Prior to his departure, Sporle shared the GC role with Amsterdam-based Sophie […]

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