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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 […]

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Countdown to Brexit Series: A new Office for Environmental Protection: what does Brexit have in store for environmental enforcement in the UK?

By Alison Ogley, David Monteith Introduction Much of the UK’s environmental law originates in the EU, and is currently enforced by the EU Commission, which has the power to bring a case against a member state in the European Court of Justice (the ECJ) to secure the implementation of EU environmental law domestically. If an […]

Countdown to Brexit Series – New Market Surveillance Rules for Suppliers into the EU

New regulation In June, the EU Commission published the Market Surveillance Regulation. The Regulation complements the EU’s ‘Goods Package’, a policy first coined in 2017 to promote a better functioning European market for goods. The Regulation aims to ensure that products imported into the EU for sale are compliant with EU legislation. The Regulation will […]

Countdown to Brexit Series – Immigration

By Shakeel Dad, Charlotte Smith The government’s recent statement that free movement will end immediately on 31 October 2019 has increased the uncertainty surrounding the rights of EEA citizens and the UK’s immigration practices. We have set out the latest position in this note. Settled status EEA nationals who are living in the UK or […]

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Clyde & Co client Grant Thornton has been granted an extension to pay nearly £22m in damages to fire and emergency services provider AssestCo, which brought a negligence claim against its former auditor. The AIM-listed company was awarded the sum against Grant Thornton, which put in an application to stay. This application was rejected by […]

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Real estate chiefs warn of lawyer job losses in tech race

Last week, in an extract from The Lawyer’s upcoming Global Real Estate 50 report, we highlighted the extent to which proptech is becoming increasingly influential in the strategies of the world’s largest property practices. Notably this year’s report includes numerous examples of how firms are using tech to streamline their delivery of real estate services. DLA […]

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