Let’s talk: developments in the private client world

In this article, Ogier partners Matthew Guthrie and Catherine Moore look at the impact the Covid-19 pandemic has had on the private wealth industry. The article first appeared in the Guernsey Press in May 2021.

Related briefings

Principles applicable to an ‘insolvent’ trust in Jersey

It is important that trustees understand their obligations if their trust structure comes under financial stress. Helpfully, the Jersey courts have provided guidance on the principles applicable to ‘insolvent’ trusts, which is likely to be highly persuasive in other jurisdictions.

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

SPACs in 2021 – the new model for private equity?

This year has seen a number of PE backed SPAC launches, as well as announcements of proposed PE SPACs, which in total could amount to several billion dollars in IPO proceeds. If these SPACs prove successful, then the SPAC could become a major part of how PE does business over the next decade.

STEP Geneva Webinar – Beneficial Ownership Registers

Partners Simon Schilder and Dave Sherwin along with Counsel Katherine Neal and Managing Associate Chris Hards will speak on the STEP Geneva Webinar Series for 2021. See the below link to find out what the presentation on Beneficial Ownership Registers covers:….

Recent trends: provisional liquidation in the Cayman Islands

Introduction There are two grounds on which provisional liquidators (PLs) may be appointed in the Cayman Islands under the Companies Act (2021 Revision) (the Companies Act), following the presentation of a winding up petition and before the making of a winding up order. The first is what is commonly referred to as a “full powers” […]

Latest Briefings

European Access Plan: Your gateway to business in the EU

On 24 December 2020, the UK officially left the European Union and, under the Brexit agreement, is now a third country to the EU, outside both the single market and customs union. The change means that UK-EU cross-border business activities are now subject to a number of trade barriers, including adjusted and strengthened border controls and additional administrative work.

Costs risk in appeals from the Irish tax appeals commission

The Finance (Tax Appeals) Act, 2015 introduced a new architecture for the hearing and determination of tax appeals. Amongst other changes, the Tax Appeals Commission (the “TAC”) replaced the Appeal Commissioners, with appeals directly to the High Court only on question(s) of law arising from the TAC’s determination (a ‘case stated’), rather than to the Circuit Court on the basis of a full rehearing of the tax appeal.

EAEU Treaty on trademarks comes into effect

The Eurasian Economic Union (EAEU) Treaty on Trademarks, Service Marks and Appellations of Origin of Goods came into effect on April 26, 2021. It serves as a foundation document for the formation of a regional system within EAEU territory.

Banking leaders discuss keeping pace with growth, digital transformation and driving operational efficiency

In a live webinar hosted by the Financial Times, Clare Hart, CEO of Williams Lea, joined two top operational leaders in the corporate and investment banking industry, David Sliney, Chief Operating Officer of investment bank, Stifel and Paul Poggi, Managing Director and Chief Operating Officer of specialist M&A advisor, Harris Williams, in a panel discussion on the intense pressure within corporate and investment banks to find better and more cost effective ways of running core support functions.

Recommended

Roundtable: Talking digital strategy with Wolters Kluwer

As the end of the pandemic approaches, organisations are turning their attention away from the short term strategic thinking needed to weather lockdown and the return to the office and toward long term growth. Many of the factors and attitudes which have underpinned working life during the pandemic will be taken forward into the ‘new […]

Infrastructure

Freshfields and Simpson Thacher lead on John Laing’s £2bn acquisition

A raft of firms have been called up on KKR’s £2bn acquisition of FTSE 250 infrastructure investor John Laing. Freshfields Bruckhaus Deringer was on hand for John Laing, led by corporate partner Oliver Lazenby and senior counsel Holly Baker. Freshfields has counted John Laing as a client since 2015, when it acted on its listing […]

trains

Linklaters nets £3m from Department for Transport mandate

Linklaters has grossed over £3m as part of a railway contract with the UK Government’s Department for Transport, the latest mandate to be won by the magic circle firm. The magic circle firm provided advice on the UK Government’s £7.5bn Intercity Express Programme, a project that began in 2017. The paperwork, signed four years ago, was […]

Brussels

Kirkland follows Simpson Thacher with Brussels launch

Kirkland & Ellis has launched a competition-focused Brussels office as part of its post-Brexit strategy. The US firm has opened doors in the Belgian city in a bid to handle cases before the European Commission and courts, especially when it comes to merger control. It is understood that the office will be led by London […]

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