Trustees – finding certainty in uncertain times

There is an old saying, attributed to the French Philosopher Voltaire, that ‘doubt is not a pleasant condition but certainty is an absurd one’. For trustees of trusts governed by the laws of the Cayman Islands (Cayman), and indeed for trustees worldwide, doubt as to the future value of trust assets (and as to the future needs or actions of beneficiaries) may be their new default condition as they deal with the upheaval brought on by recent global events.

Related briefings

A practical guide to setting up a family office in Jersey

Around the world family offices are growing in number. Family offices are increasingly becoming the organisation of choice for very wealthy families because they can be tailored to meet the individual needs of the families establishing them.

Relocation: Your move to Jersey…

For decades, Jersey has opened its doors to a limited number of individuals and businesses attracted not only by the Island’s charm and beauty but also by the many advantages to be gained from its location. Here, Carey Olsen property partner Christopher Philpott summarises some of the key points to consider.

Relocation: Your move to Guernsey…

An increasing number of wealthy individuals, entrepreneurs and financial services principals have chosen to move to Guernsey with their families in recent years, with some also relocating their businesses to the Island. Here, Carey Olsen property partners Jason Morgan and Davey Le Marquand look at some of the practical issues to consider when contemplating a move to Guernsey.

Latest Briefings

What role does HR have in protecting staff in the physical workplace?

An increasing number of businesses are choosing to return to the physical office, whether that be once or twice a week, or full time. Either way, it is vital that employers ensure that the work environment meets the strict health and safety standards necessary in order to avoid outbreaks of COVID-19 amongst staff members. This […]

The end of normal? Law firm survey 2020

Our 2020 law firm survey, developed in association with The Lawyer, reveals many law firms were ill-prepared for the seismic shock from the coronavirus outbreak. The crisis has cast an uncomfortable light on firms with poor financial management or without the necessary technology infrastructure. The pandemic already appears to be widening the gap between law firms, with some now under real pressure.

Covid-19 Update – Coronavirus, domestic abuse and legal action

The difficulties with court listings and the inability to hold hearings in a normal fashion has now been underway for 6 months. The recent guidance set out in ‘The Road Ahead’ shows there is no likelihood of that changing in the near future. This means there has had to be a reconsideration of what delays are acceptable and what reasons are sufficient to delay final decisions being made for children.

The rule of six: Legal obligations on food and drink businesses in England

Whilst we have very quickly become familiar with the “rule of six”, regulations come in to force today placing a further legal obligation on businesses in England that serve food for consumption on the premises to ensure that, save for in limited exceptions, bookings of more than six people are not accepted.

Landlord’s remedies and COVID-19 – has the pendulum swung too far?

As another week draws to a close, in a time when every day seems to bring unexpected – and often unwelcome – news, the landlord community is reeling – albeit perhaps largely in a somewhat unsurprised and resigned fashion. This is due to the latest announcements from the government affecting the commercial landlord and tenant relationship.

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london

Don’t think about what’s coming in the autumn

2020 will go down in history as the year that traditional working models were torn apart by a global pandemic, which changed the way we work forever. As Horizon gets ready for a short two-week holiday (don’t worry, we’ll be back on 24 August), let’s take a moment to consider how the legal market has […]

back to work

Addleshaws brings back third of furloughed employees

Addleshaw Goddard has brought back a third of its furloughed employees, with partner profit distributions also being reinstated. Addleshaws confirmed that just over a third of employees that were furloughed have now returned to work (29 per cent full-time and 4 per cent part-time), with some additional workers rotated. The firm has not specified numbers […]

Penningtons merger leads to 17 per cent revenue uptick

Now in its third year as a top 50 firm, Penningtons Manches Cooper‘s revenue shot up by 17 per cent to £93m during the last financial year, while also boosting its overall profit by 12 per cent. The positive uplift follows last year’s merger between Penningtons Manches and Thomas Cooper, with the firm now boasting […]

David Pollitt, DAC Beachcroft

DACB reveals sixth year of consecutive turnover growth

Profits and turnover at DAC Beachcroft rose over 2019/20, with the firm’s partnership also voting in managing partner David Pollitt for a second term in charge. The profit increase of seven per cent to £56m, previously £52m, came alongside three per cent growth in profit per partner to around £590,000. Revenue was up six per […]

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