On 28 January 2021, the Luxembourg Parliament approved the new law, which disallows the tax deductibility of interest and royalties payable to related corporate entities located in the EU’s list of non-cooperative jurisdictions for tax purposes. The new law will enter into force on 1 March 2021 and apply to interest and royalties accruing as from that date.
With the focus on distress in the shipping and oil and gas sectors, predictable and cost-effective tools to implement a debt restructuring have never been more crucial. The tried and tested Cayman Islands debt restructuring regime can provide the solution and is a good fit for Marshall Islands companies…
As annual British Virgin Islands (“BVI”) Registry fees are now payable for those BVI companies that were incorporated or registered in the first half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.
This webcast covers the benefits of setting up a hedge fund in the Cayman Islands, Ireland, Jersey and Luxembourg, while considering the themes of investment fund regulation, trends, management companies and distribution.
On 25 February 2021, the Irish Data Protection Commissioner (“DPC”) released its 2020 annual report (“Report”). The Report relates to the second full year of the operation of the General Data Protection Regulation (EU) 2016/679 and the Law Enforcement Directive (EU) 2016/680.
On 25 February 2021, the Central Bank of Ireland published a consultation paper and draft cross sectorial guidance on outsourcing (“CP138”). The deadline for responses to CP138 is 26 July 2021.
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Corporate veteran Nigel Boardman has been appointed by the Prime Minister to carry out an independent review into the ongoing Greensill saga. Boardman, who left Slaughter and May’s partnership in 2019, is a non-executive director of the Department for Business, Energy and Industrial Strategy. He has continued since as a senior consultant at Slaughters, with […]
Latham & Watkins and Freshfields Bruckhaus Deringer are acting as cybersecurity start-up Darktrace confirms plans to go public. The Latham team for Darktrace is led by capital markets partner James Inness, with co-chair of the London corporate department Robbie McLaren and partners Josh Kiernan, Shing Yuin Lo and associate Koushik Prasad. Lo, a member of The […]
Freshfields Bruckhaus Deringer has announced a reduced number of promotions in London as opposed to last year, with six making the cut. The firm has promoted 22 new partners, effective from May 2021. It marks a similar number to last year’s promotions, when the firm made up 21 lawyers. Most of the promotions are centred […]
After last year’s reduced round of just two promotions, Mishcon de Reya has now added six lawyers to its partnership. This includes a total of four new female partners, with the firm bolstering its corporate, family, finance and real estate departments. Head of Mishcon Purpose Alexander Rhodes has also been given the nod, whose role […]
The Ince Group has ended the salary reductions introduced at the height of the pandemic, as it starts to formulate policies around future working arrangements. In April 2020, the firm agreed salary reductions that ranged from 10 to 30 per cent for employed staff and amounted to 30 per cent for members of the plc. […]
Six firms have won a place on Transport for Greater Manchester’s (TfGM) near-£90m professional services framework, after it was delayed due to “exceptional circumstances” last year. Ashurst, Addleshaw Goddard, DLA Piper, Gowling WLG, Squire Patton Boggs and Weightmans have been appointed to Lot 9 (Legal services for major or complex projects) of TfGM’s professional services panel. […]
