Family-friendly laws in Jersey – Amendment No 11 approved

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Family offices and Jersey’s economic substance rules

Family office structures which include Jersey tax-resident companies need to consider whether those companies are within the scope of the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Economic Substance Law). The Economic Substance Law came into effect on 1 January 2019 and applies to certain Jersey tax-resident companies conducting one or more “relevant […]

Subscription- secured financings in Cayman – Enforcement vs Perfection

By Mark Santangeli, James Lydeard The Cayman Islands is one of the leading jurisdictions in the world for the establishment of closed ended investment funds. Funds are often formed as exempted limited partnerships (“ELPs”). These funds are structured on a standalone basis or as part of a larger fund structure. For example, it is common […]

Can a contract for the sale of land be “signed” by email?

A recent decision in the UK has held that an email from a solicitor, with an automatically generated footer, was sufficient to satisfy the requirement that a contract for the sale of land be “signed” by or on behalf of each party. This case is a reminder that care is needed so as not to […]

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Ukraine allows private sector involvement in space activities

By Oleksiy Burchevskyy November 2019 – Ukraine’s space industry has entered a new era. On 25 October 2019 the President signed the recently approved Law of Ukraine “On Amendments to Certain Laws of Ukraine on the State Regulation of Space Activities”. The main purpose of the new legislation is to commercialise space activities in Ukraine, which […]

New Ukrainian Bankruptcy Code. The finance and debt restructuring perspective

By Andriy Nikiforov, Ganna Kalinichenko New Ukrainian Bankruptcy Code. The finance and debt restructuring perspective November 2019 – On 21 October 2019, the Code on Bankruptcy Procedures adopted by Ukraine’s parliament on 18 October 2018 (“the Code”) came into effect. The Code replaces the Act of Ukraine on Renewal of Debtor’s Solvency or Declaring It Bankrupt dated […]

Modern Slavery in Businesses and Supply Chains in Canada – Part Two

By Stephen A. Pike Will Canada take legislative and regulatory action and how will it impact Canadian businesses? Insights for Canadian CEOs and directors addressing modern slavery in their businesses and supply chains At the present time, Canada lags behind many of its most important trading partners in ensuring that businesses are addressing modern slavery in […]

2019 Brings Guidance on Cyber in Canada

By Brent J. Arnold, Kavi Sivasothy This year has seen a number of interesting developments in Canadian cyber security. While the first wave of data breach cases slowly work their way through the court system, guidance for Canadian businesses has come from many other sources, including the federal government and regulators. These offer the clearest […]

The Future of Trusteeship and Governance

By Jason Coates On 2 July 2019 the Pensions Regulator launched a consultation on the future of trusteeship and governance. The consultation closed on 24 September 2019. The consultation follows on from the Regulator’s work a couple of years ago on trusteeship under the 21st century trusteeship banner and continues with some of the themes identified […]

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Kirkland lures another Linklaters partner to the Gherkin

Kirkland & Ellis has taken another partner from Linklaters, as a second member of the magic circle firm’s tax team leaves for the US firm in London. Mavnick Nerwal will make the move to the Gherkin two years after Kirkland picked up former Linklaters partner Tim Lowe, who co-heads the US firm’s tax practice. Lowe joined […]

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Slater & Gordon settles long-running rift with Watchstone

Slater & Gordon and Watchstone have settled a long-running dispute between the pair, just days before High Court proceedings were due to begin. In 2017, Slater & Gordon, instructing CMS Cameron McKenna Nabarro Olswang, served Watchstone (formerly Quindell) with a £637m damages suit over its takeover of the latter’s professional services arm two years prior. Shortly […]

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