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With trust assets becoming more unusual in nature, beneficiaries establishing careers and family homes across the globe, and the regulatory environment growing increasingly complex, the modern trustee can be faced with a wide range of issues to address and challenges to overcome.
Family practitioners are well-versed in avoiding potential pitfalls of implementing and enforcing settlements agreed in the family courts. Particular difficulties can arise where an order requires steps to be taken by non-parties resident outside the jurisdiction of the relevant court, potentially requiring unexpected further (and avoidable) litigation to give effect to such an order.
Around the world family offices are growing in number. Family offices are increasingly becoming the organisation of choice for very wealthy families because they can be tailored to meet the individual needs of the families establishing them.
Today ‘soft touch’ provisional liquidation is one of the most commonly deployed tools for facilitating a restructuring of offshore incorporated companies listed in Hong Kong and Singapore. However, when soft touch provisional liquidation was first developed by the Bermuda Court for this purpose, it was regarded as a tool of last resort.
For decades, Jersey has opened its doors to a limited number of individuals and businesses attracted not only by the Island’s charm and beauty but also by the many advantages to be gained from its location. Here, Carey Olsen property partner Christopher Philpott summarises some of the key points to consider.
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.
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.
Whilst the Trade and Co-operation Agreement offers some significant free trade benefits, it represents a profound change for British businesses and their trading arrangements.
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 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.
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Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
Boutiques are now looking like a particularly attractive option.
Firms must once again turn their attentions towards servicing current clients for a lower cost.
The world is becoming a more open place to travel based on the Henley Passport Index.
McDermott Will & Emery is building up its City restructuring practice with the hire of Proskauer’s European restructuring head. Mark Fennessy joins McDermott as head of restructuring in London with fellow restructuring lawyer Sunay Radia, who joins as a partner. Fennessy spent eight years at Proskauer where he specialised in all areas of contentious and […]
Akin Gump Strauss Hauer & Feld’s City revenue is now within touching distance of the $150m mark, after double-digit growth in the office. The firm has posted a rise of 19 per cent from $125m to $149m in London. Globally turnover was up 6.5 per cent to $1.209bn from $1.135bn. The biggest global jump was in […]
Allen & Overy wants to increase collaboration between its lawyers and participants of incubator Fuse, while also expecting to run a “hybrid model” of working once a new cohort of start-ups are chosen. The incubator of the magic circle firm is set to start taking applications for its fifth cohort, with both emerging and established […]
Two of Irwin Mitchell’s most highly-regarded employment partners are to launch their own firm, adding to the blossoming number of boutiques in the City. Shazia Khan and Emilie Cole will go it alone as ColeKhan LLP from 2 May 2021. The pair had previously worked together at Bindmans before moving to Irwin Mitchell in 2018, […]
Taylor Wessing has amended its eligibility rules to enable staff to take career breaks and sabbaticals sooner than usual, in response to the third national lockdown. The firm has removed its usual two-year continuous service eligibility for people wishing to take up these unpaid options, as firms continue to think of ways to support staff […]
Goodwin is eyeing up Sidley Austin’s private equity grouping again, with a number of associates set to join a partner team led by Christian Iwasko and Erik Dahl, The Lawyer understands. Goodwin is thought to be hiring up to six associates from Sidley’s private equity team after Goodwin brought in a partner group spearheaded by […]