New registration requirements for unregulated investment funds

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Related briefings

Channel Islands funds quarterly update: Q4 2019

1 Developments in the Channel Islands 1.1 Economic Substance On 18 October 2019, the Taxation (Companies – Economic Substance) (Amendment) (Jersey) Law 2019 was registered in the Royal Court and came into force from 1 January 2019. The law amends the Taxation (Companies – Economic Substance) (Jersey) Law 2019, which makes provision for imposing an […]

Jersey Dormant Bank Accounts Law – Update

By Matthew Shaxson Introduction Since 17 July 2017, Banks have been able to close dormant bank accounts by depositing the account balance into a central fund, the Jersey Reclaim Fund. Any money that is not reclaimed from the fund will be used for charitable and social purposes. The Dormant Bank Accounts (Jersey) Law 2017 (the […]

2020 heralds new insolvency law changes for Guernsey

By Alex Horsbrugh-Porter On 15 January 2020 the States of Guernsey passed the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020, making Guernsey an even more desirable forum for insolvency proceedings. The new legislation is set to modernise Guernsey insolvency law, bringing the jurisdiction into line with not only the UK but other offshore jurisdictions […]

Luxembourg – Cayman parallel fund structures brochure

The Luxembourg-Cayman parallel fund structure is increasingly a preferred product for sophisticated managers seeking to access European, US and Asian capital. Parallel funds co-invest and divest alongside the main fund, usually on a pro-rata basis per their commitments, so a manager has two funds side by side which invest and divest at the same time […]

Jersey’s Royal Court declares trustee’s exercise of power void

By Damian Evans, Matthew Davies A mistake or a failure to take into account relevant considerations? The Royal Court is asked to consider its jurisdiction to declare voidable the exercise of a power on both grounds. On 3rd December 2019, the Royal Court declared void certain actions of a trustee (the “Trustee”) by which the […]

Latest Briefings

Public procurement challenges require strict and swift approach

By Gwendoline Davies, Lynsey Oakdene Why is Royal Cornwall Hospitals v Cornwall Council of interest? Earlier this year we published an update on public procurement challenges, which highlighted key lessons arising from the Kenson Contractors and Amey cases. Another recent case emphasises the need for any disappointed or unsuccessful bidder to assess their options and, […]

The Space Law review

By Magda Cocco, Helena Correia Mendonça, Cristina Melo Miranda I INTRODUCTION TO THE NATIONAL LEGAL, REGULATORY AND POLICY FRAMEWORK Portugal has been taking important steps in the space sector in recent years. In addition to the approval of its space strategy in 2018 (Portugal Space 2030), Portugal also became part of the European Space Surveillance […]

Airbnb boom – Short stay visitor accommodation and planning considerations

By Will Thomas, Fraser Mitchell A recent planning appeal decision in Scotland (Reference: ENA-230-2164 – 5/6 Castle Wynd South, Edinburgh) is the latest in a line of cases concerning enforcement action taken by local authorities against dwellings being used as short stay visitor accommodation. Although a Scottish decision, its facts and findings are also of […]

2020 Predictions: Employment law changes on the horizon

By Rachel Mulvany, Jonathan Naylor Looking ahead, we look at some of the more significant legislative changes coming into force this April as well as some key cases due to be heard this coming year. Statutory Changes There are some key pieces of legislation which are due to come into force as of 6 April […]

Benefits await public sector bodies who voluntarily register their property

By Edward Pitt Public sector organisations may be able to save significant fees and administration by proactively registering their property assets with the Land Registry. The public sector can take advantage of an ongoing Land Registry project which aims to register all public sector land in England and Wales by the end of 2025. This […]

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Even today, some lawyers entering the profession have quite fixed and antiquated ideas about what career success looks like.  Most frequently, the assumption is that becoming a law firm partner in a private practice firm is the only measure, without considering that an in-house career could be equally as good. This idea is predicated on […]

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Reed Smith makes up all-female London trio in 2020 promotions round

Reed Smith has promoted 29 new partners globally, a reduced pool compared to last year’s record-breaking cohort. The majority of the promotions were as usual in the US, with 23 new partners being made up across the Atlantic. The City saw comparatively smaller figures, with only three partners appointed in London – fewer than last […]

Linklaters takes the lead on Anglo American bid for Sirius

Linklaters has taken the lead role on the potential takeover and rescue of Yorkshire-based fertiliser development company Sirius Minerals. Corporate partners Aisling Zarraga and Nick Rees are taking the lead for the FTSE 100 multinational Anglo American on its £386m bid to buy Sirius, while Allen & Overy is acting for the ailing Sirius. Norton […]

moves, lateral hires and exits

CRS partner takes new role after Macfarlanes move fell through

The Charles Russell Speechlys partner, whose move to Macfarlanes last year fell through, has resurfaced at Keystone Law. Ian Cooke, who until March 2019 had headed Charles Russell Speechlys’ private wealth and property practice, has joined Keystone Law after twenty years at the UK firm. Cooke made headlines in February when Macfarlanes announced his hire; […]

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