Guernsey focusing on family offices

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Related briefings

Damages for wrongful dismissal in the Royal Court of Jersey

By Huw Thomas The Jersey Royal Court has recently held that the damages available for wrongful dismissal, may not, in some circumstances, be limited to compensation for the contractual notice period. The standard common law approach to assessing damages arising from the termination of a contract of employment is to limit such damages to the […]

New order: (Economic) substance and the Bermuda funds industry

By Adam Bathgate Bermuda was one of several international financial centres to enact economic substance legislation during the latter part of 2018. Along with these other jurisdictions, which included the British overseas territories of the Cayman Islands and the British Virgin Islands and the Crown Dependencies of Guernsey, Jersey and the Isle of Man, Bermuda […]

OECD latest review includes approvals for Guernsey and Jersey

By David Patterson The OECD Forum on Harmful Tax Practices (FHTP) has concluded that the domestic legal frameworks of Guernsey and Jersey are in line with agreed standards and therefore “not harmful”. This latest endorsement follows the approval by the EU Code of Conduct Group of the substance regimes of both jurisdictions in March 2019. […]

Migrating to Guernsey: A jurisdiction of quality and substance

By James Cooke Over recent years, Guernsey has seen an influx of entities migrating from other jurisdictions, for a multitude of reasons, which reflects Guernsey’s strong offering in key areas across the financial services sector. Another wave of migrations is anticipated in light of the EU’s new substance requirements with Guernsey, unlike some other offshore […]

Latest Briefings

Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies

By Oliver Quarmby, Alexandra O’Grady The AIC Code is a framework of best practice in respect of the governance of investment companies published by the Association of Investment Companies (AIC). Founded in 1932, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, real estate investment trusts and venture […]

Right of first refusal clauses are now recognised by Bulgarian courts

By Diana Dimova, Nina Tsifudina The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No. 2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”) clauses. This decision opens the door for the enforcement of such clauses in Bulgaria. It […]

Serbia Signs the Singapore Convention

By Milan Lazic, Milica Savic On 7 August 2019, Serbia became one of the first 50 countries in the world to sign the United Nations Convention on International Settlement Agreements Resulting from Mediation – dubbed the Singapore convention. Much like the New York Convention on Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the […]

The Basics: How to enforce a domestic judgment in England & Wales

By Tom Price, Daniel Wood, Christopher Richards Whilst receiving a judgment in your favour may feel like the culmination of a potentially lengthy legal process, it may be just the first step (though an important one) on the path to financial recovery. In our latest insight, we look at how and when you can enforce […]

Regulation of Artificial Intelligence and Big Data in the UK

By Matt Hervey, John P Cooper As the seat of the first Industrial Revolution, the UK has a long history of designing regulatory solutions to the challenges posed by technological change. However, regulation has often lagged behind – sometimes very far behind – new technology. Artificial Intelligence (AI) is proving no exception to this historical […]

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No5 Barrister advises Prison Officers’ Association in successful appeal against dismissal

Counsel at No5 Barristers’ Chambers has been instrumental in helping the Prison Officers’ Association win an appeal hearing, at which a Prison Officer was reinstated. The circumstances of the original dismissal brought into question how Prison Officers can protect themselves. On the 20th February 2019 Mr Terry McCarthy, National Executive Committee Representative, was dismissed from […]

Herbert Smith

Close, HSF, but no cigar: Firm within touching distance of £1m PEP

Herbert Smith Freehills’ average profit per equity partner soared 11 per cent over 2018/19 to hit £949,000, while revenue nudged up by 4 per cent. The revenue growth means the firm is closer than ever before to the £1bn mark, recording a 4 per cent growth in revenue compared to last year’s flat figures. The […]

Essex Court brings in Erskine barrister to expand commercial team

Essex Court Chambers has expanded its commercial and chancery practice with the arrival of a barrister from Erskine Chambers. The set, crowned Chambers of the Year at The Lawyer Awards last week, has hired Tim Akkouh. Akkouh was called to the Bar in 2004 and will add substantial experience to the set’s civil fraud and […]

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