The considerable challenges and pressure that individuals are exposed to in the current global crisis is undoubtedly a contributing factor to the rising levels of divorce. Couples with connections to both the UK and another EU country may still have the opportunity of choosing the jurisdiction in which to divorce.
The deadline for applying to the European Settlement Scheme to obtain pre-settled or settled status passed on 30 June 2021. However, the Home Office has made it clear that there is flexibility and late applications will be considered. This provision may not last forever and anyone who has missed the deadline should take action immediately to apply.
As if there were not enough challenges for businesses trying to generate business with the restrictions brought about by the Covid-19 pandemic, the ever-evolving employment laws bring more factors to consider, as well as being expected to address wider global issues such as the impact of their business has on climate change, consider the mental health of their employees whether or not it is related to their work as well as deciding on whether or not to agree to hybrid working arrangements and the responsibilities that such a working arrangement brings to the employer.
The arrival of the Covid-19 pandemic may not have been an absolute surprise to epidemiologists but for many businesses, it was a completely unexpected, despite the rapid spread of the previous SARS outbreak a few years ago.
Each year a number of people with Italian heritage unexpectedly find that they have inherited a property from a distant Italian relative, sometimes, from someone they barely know and have never met. The situation can arise if a person names you as a beneficiary in their will or if there is no will, the strict laws of succession in Italy, often described as forced heirship, where the deceased’s estate automatically passes to the relatives in strict order of succession dependant on the proximity between the deceased and the beneficiary within the family. If a person has outlived their immediate family then more distant relatives must be sought.
Maples Group acted for Xiaomi Corporation in connection with Xiaomi’s offering of US$800,000,000 2.875% Senior Bonds Due 2031 and US$400,000,000 4.100% Senior Green Bonds Due 2051 issued by Xiaomi Best Time International Limited, incorporated in Hong Kong and unconditionally and irrevocably guaranteed by Xiaomi Corporation, a company controlled through weighted voting rights and incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The green bonds offering marked Xiaomi’s initial foray into the world of green financing and more broadly Environmental, Social and Governance (ESG). The proceeds of the green bonds are earmarked for ‘Eligible Projects’ within Xiaomi’s finance framework aimed at positive environmental and social benefits. Their framework follows the green bonds and loan guidelines of the International Capital Markets Association.
Guernsey has brought partnerships into scope of economic substance requirements for accounting periods commencing on or after 1 January 2022, although partnerships formed on or after 1 July 2021 will be in scope immediately on formation where they conduct activities that trigger the economic substance requirements.
In two recent cases, the British Virgin Islands Commercial Court had the opportunity to clarify the effect of section 125 of the Evidence Act 2006. This provides that the court is obliged to carry out a balancing act between the manner in which the evidence was obtained and the desirability of admitting it.
Last week saw the Pensions Authority publish a draft code of practice, setting out what it expects of pension trustees when it comes to complying with their obligations under the European Union (Occupational Pension Schemes) Regulations 2021.
On 20 July 2021, the UK Government announced that the National Security & Investment Act 2021 will come into effect on 4 January 2022.
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Freshfields Bruckhaus Deringer’s revenue went up five per cent in the last financial year, the first under new senior partner Georgia Dawson and a refreshed management line-up. The magic circle firm’s turnover reached £1.59bn from £1.52bn. Meanwhile, its profit per equity partner grew by the same percentage, more muted growth than its peers which have […]
Paul Hastings is to bring in a leveraged finance partner from Latham & Watkins’ City office, The Lawyer can reveal. Partner Adrian Chiodo has been a member of Latham’s finance department since 2011. He was previously a partner at Australian outfit Gilbert + Tobin, and prior to that an associate at Milbank and legacy Allens Arthur […]
Addleshaw Goddard’s revenue surpassed the £300m barrier over 2020/21, with an uplift of 12 per cent. Following a sluggish 2020, the firm’s revenue hit £321m while average profit per equity partner (PEP) was up 23 per cent to £849,000, having fallen below £700,000 during the last financial year. The latest revenue figure means that the […]
The top of the equity at Charles Russell Speechlys skyrocketed by more than 40 per cent last year, with both ends of the rung going up. There was a 43 per cent rise at the top end from £635,000 to £910,000, while the bottom went up by 32 per cent from £207,000 to £275,000. These […]
Osborne Clarke is joining the raft of firms witnessing a dramatic rise in profits per equity partner (PEP), after a drop in 2019/20. The UK firm’s UK PEP went up by 16 per cent from £614,000 to £714,000. The previous year, the metric had dropped by 12 per from £703,000. The firm’s revenue meanwhile grew […]
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