Related briefings

Luxembourg tax authorities issue a circular on interest deduction limitation

On 8 January 2021, the Luxembourg tax authorities (LTA) issued highly anticipated guidance with respect to the application of article 168 bis of Luxembourg income tax law (LITL), which was introduced in 2018 through the implementation in Luxembourg law of the EU Directive 2016/1164 Anti-Tax Avoidance Directive 1. According to article 168 bis LITL, Luxembourg […]

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

Five myths about marriage and divorce

January typically sees a spike in divorce enquiries for many solicitors – and 2021 is expected to be no different, with the additional stresses and strains COVID-19 has placed on couples and families.

Shall we be exclusive?

The government is currently seeking views on a very specific proposal to ban the use of exclusivity clauses in contracts where the workers’ guaranteed weekly income is less than the Lower Earnings Limit, currently £120 per week.

Redundancies during COVID-19: Coronavirus job retention scheme extension provides some relief

In comparison to the US, there is a stricter redundancy process in the UK. For UK businesses faced with the prospect of making 20 or more staff redundant, there is an obligation to undertake a collective consultation process, which should consider ways to avoid or reduce the number of employees to be made redundant and mitigate the consequences of the redundancies.

The implications of Maughan: the Chief Coroner’s Law Sheet #6

The new Chief Coroner, HHJ Teague QC, has just published his first legal guidance in the form of “Law Sheet 6” addressing the impact of the case of R (on the application of Maughan) v Her Majesty’s Senior Coroner for Oxfordshire [2020] UKSC 46 on coronial practice.

Recommended

FSCS chief counsel leads shake-up of legal team

The Financial Services Compensation Scheme (FSCS) has rejigged its legal team as part of a wider restructuring. The changes follow James Darbyshire’s appointment as chief counsel in September, having initially taken on the role on an interim basis in April. At the time, a chief counsel team was created, which merged together legal and recoveries, company […]

Freshfields overhauls German legal structure ahead of Brexit transition

Freshfields Bruckhaus Deringer has changed its legal structures in several European Union jurisdictions as the magic circle firm readies for Brexit. Freshfields is the first of the magic circle to have completed the conversion into a German equivalent of the UK LLP structure – known as Partnerschaftsgesellschaft mit beschränkter Berufshaftung (PartG mbB), a legal form […]

The Lawyer Awards 2020: Who won Law firm of the year?

In a year that has made everyone revise their opinions of what normal looks like in business, it is fitting that the biggest award of the year goes to firm that like no other, encapsulates the radical changes that have happened in the legal sector. For the first time in the history of The Lawyer […]

canary wharf banks

Forex rigging trial on hold as banks await Merricks decision

The forex rigging cartel dispute in the Competition Appeal Tribunal has been postponed, as the tribunal awaits judgment in the Mastercard/Merricks case. The claim dates to 2013, when allegations of collusion and manipulation were made against several banks. In 2014, the Financial Conduct Authority hit Citibank, JP Morgan, HSBC, RBS and UBS with fines which […]

Hogan Lovells, HSF and Milbank on call in £600m jurisdiction challenge

A group of high-profile financial institutions have triumphed in a jurisdiction challenge against the Kuwaiti state pension fund in a mammoth fraud matter worth over £600m. In an eagerly anticipated judgment, Mr Justice Henshaw ruled in favour of the defendants that fought for the challenge in a four-day hearing in July. This proved a significant […]

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