Related briefings

CIMA announces private funds filing extension

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form in accordance with the Private Funds (Annual Returns) Regulations, 2021 has been extended to 30 September 2021.

Hard deadline for filing 2019 economic substance return upcoming on 30 April 2021

By Charlotte Cloete, Alan Dickson and Philippa Gilkes Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a financial year end between 31 December 2019 – 30 April 2020, must file an economic substance […]

Bermuda – Economic Substance Declaration Filings – Update

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an Economic Substance Declaration Form with the Bermuda Registrar of Companies.

The DITC issues timely compliance reminders

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued reminders to industry of compliance obligations in accordance with Common Reporting Standard (CRS) requirements and for the purposes of foreign account tax compliance (FATCA).

Latest Briefings

Council wins appeal on sale of former school site

Last month the Supreme Court handed down its judgment in Rittson-Thomas v Oxfordshire County Council, concerning ‘section 2 reverter’ under the School Sites Act 1841. The judges unanimously allowed the appeal, finding in favour of the Council.

Recommended

The virus is not the only crisis

It’s hard to think of anything else right now other than the coronavirus, but the world doesn’t stop, and you might have noticed that there is another weighty issue that has also made the leap from global public consciousness into the legal market, particularly over the past year: climate change. Largely thanks to the efforts […]

Logistics clients need your help

Lawyers serving clients in the logistics and supply sector are about to see a remarkable shift in emphasis in their work. Up until now their advice has been exploratory, deal-driven and expansive; now, it’s largely about crisis management. Risk has been dramatically recalibrated in the wake of panic-buying, raising the spectre of disruption in the distribution […]

shakespeare

Royal Shakespeare Company on hunt for new legal head

The Royal Shakespeare Company (RSC) is on the hunt for a new head of legal. The RSC, based in Stratford-upon-Avon, has been without a legal chief for four years and is now looking to fill the gap. Its former head of legal, Marina Zain, left in 2016 and is now understood to be legal services director […]

Manchester

Manchester firm cuts pay to “preserve cashflow”

UK200 firm Kuits has told its employees to expect a pay cut as it looks to cope with the ongoing coronavirus pandemic, The Lawyer can reveal. Coming as part of a broader plan made up of several measures to conserve the firm’s long-term financial future, Kuits’ cut in wages will apply to all members of […]

london

Kirkland reaches $4bn turnover for first time

Kirkland & Ellis has crossed the $4bn revenue mark, becoming the first global law firm to do so. The US firm has grown its revenues by just over 10 per cent to hit $4.1bn from last year’s $3.76bn figure. While Kirkland does not release its financial figures for London, The Lawyer understands the office expanded […]

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