Jersey’s wills and probate law and Covid-19: the current state of play

The pandemic has necessitated adaptation on everyone’s part, with restrictions on travel and in-person gatherings altering, perhaps indelibly, the way in which we communicate and interact with each other. The legal world is no different, with COVID-19 restrictions presenting some significant challenges to wills and probate procedures all at a time when people’s minds have naturally turned to estate planning.

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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 […]

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Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

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New Look general counsel Laura Battley has moved across to Watches of Switzerland, less than two years after the latter’s listing on the London Stock Exchange. Battley joins the FTSE 250 British watch retailer after five years as GC and company secretary at New Look. She began her legal training at Slaughter and May in […]

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