The latest trends in philanthropy

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A new framework for Cayman’s regulatory regime for investment funds

By Joanne Huckle As the drive to act on EU and international recommendations continues to gather pace, the Cayman Islands Government began the New Year with their much-anticipated move to introduce new requirements for the registration of unregulated investment funds. The publication of the draft Private Funds Bill, 2020 (the Bill) and a draft amendment […]

BVI funds regulatory update

By Simon Schilder, Tim Clipstone The BVI has recently released several important regulatory amendments to its financial services legislation which are applicable to BVI funds and their advisors. This update summarises the key changes. Valuation of fund property Each of the Mutual Funds Regulations, 2010 (the Mutual Funds Regulations) and Securities and Investment Business (Incubator […]

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 […]

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Jersey: the clear choice for family offices

Over the last decade, Jersey has seen a significant increase in the number of family offices, not only establishing on-Island, but also migrating to Jersey from other jurisdictions.

Early intervention in NHS negligence claims could save huge costs

A BBC report has warned the NHS faces paying out £4.3billion in legal fees to settle outstanding claims of clinical negligence, but a barrister from No5 Barristers’ Chambers, says that costs can be saved whilst maintaining proper compensation for those who suffer from medical accidents. The figures revealed as a result of a Freedom of […]

Forcing out competitors and market division: Waste management cartel in Slovenia

On 21 January 2020, the Slovenian Competition Agency (the “Agency”) published an official statement regarding its recent decision establishing that companies Surovina, Dinos, Salomon and Recikel (hereinafter: the “Parties”) colluded to eliminate a competitor and to divide the waste management market in Slovenia. The markets concerned include the downward market of packaging waste management systems […]

Additional legal protection in public procurement procedures

The National Assembly of the Republic of Slovenia adopted an amendment to the Legal Protection in Public Procurement Procedures Act (“Amended Act”) which came into effect on 19 December 2019, apart from Article 39.a, governing the newly introduced administrative dispute, which will be effective as of 1 January 2021. The amendment represents a step towards […]

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Ashurst takes on Hogan Lovells’ planning head

Hogan Lovells has lost another senior partner, this time to Ashurst. Claire Dutch, former head of Hogan Lovells’ planning group has moved across to Ashurst. Dutch had been at Hogan Lovells for 20 years and made partner in 2007. She focuses on all aspects of planning law, highways law, heritage law and compulsory purchase orders, […]

Eversheds bags tech partner from US firm

Eversheds Sutherland has taken on a new technology partner from Morgan Lewis & Bockius, just under a month after it lost its innovation chief. Simon Lightman moves to Eversheds’ commercial practice after just over a year at Morgan Lewis. He joined the US firm’s outsourcing and commercial transactions practice from Pillsbury Winthrop Shaw Pittman, alongside […]

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US firms Faegre Baker Daniels and Drinker Biddle merge into $1bn outfit

US firms Faegre Baker Daniels and Drinker Biddle & Reath announced today that they will combine to form a new firm beginning operations in February of next year. The merged firm Faegre Drinker Biddle & Reath (Faegre Drinker) will have some 1,300 lawyers and consultants across 22 offices in the US, China, and the UK, […]

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Clifford Chance to assemble focus groups in bid to boost diversity

Clifford Chance is looking to launch a series of focus groups in its London office that will look at ways to boost ethnic minority retention rates in coming years. The initiative is part of a firm-wide campaign aimed at addressing retention issues when it comes to ethnic minorities. While recruitment rates show positive intake of […]

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