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Latest Briefings

Jersey: The Trusts Law 2018 – An insight

By Siobhan Riley, Andreas Kistler The Trusts (Amendment No. 7) (Jersey) Law 2018 (the Amendment Law), which came into force on 8 June 2018, reÊnes and further enhances Jersey’s trusts legislation, the Trusts (Jersey) Law 1984 (the Law). Since its introduction in 1984, the Law has been amended and updated periodically, the last changes having been made […]

Trust legislation in Guernsey

By Russell Clark Much of Guernsey’s economic success over the past 50 years or so has been largely due to its adaptability and flexibility to react to changing market situations and conditions. This adaptability is no better illustrated than by the island’s willingness to amend and review legislation to ensure that it retains its position within […]

Jersey lodges the draft Taxation Law 201

Jersey has lodged the draft Taxation (Companies – Economic Substance) (Jersey) Law 201- (the “Law”). The Law, once adopted, is intended to meet the commitment made by Jersey to address certain concerns raised by the EU Code of Conduct Group on Business Taxation (the “Code Group”) in relation to the need for relevant businesses to […]

Bulgaria: Companies required to register their beneficial owners by February 2019

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

Importance of prohibition on the collateral use of disclosed documents

By Sonia Tolaney, Sandy Phipps CPR 31.22 provides that disclosed documents may be used only for the purpose of the proceedings in which they were disclosed without the consent of the disclosing party or the Court’s permission. It is well established that this rule, known as the collateral use prohibition, applies both to the disclosed documents themselves […]

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Freshfields’ new focus: people and clients

Freshfields Bruckhaus Deringer‘s firmwide partner conference sought to draw a line under the past year’s strife by tabling new priorities. The magic circle firm’s co-senior partner Konstantin Mettenheimer told The Lawyer that the two key themes of people and clients will be at the top of the agenda for the coming financial year now that […]

Hogan returns to Freshfields for Paris raid

Hogan & Hartson has taken its third partner this year from Freshfields Bruckhaus Deringer in Paris, hiring former office head James Vaudoyer. Vaudoyer joined Freshfields in 1988 and was made a partner in the tax department two years later. He was managing partner of the Paris office between 1997 and 2000. Hogan France managing partner […]

Verhaegen scoops five-lawyer team from rival

Belgian firm Verhaegen Walravens has hired a five-lawyer corporate team from rival firm Elegis, boosting its numbers in the wake of the firm’s split with Field Fisher Waterhouse (FFW). Verhaegen has signed up Jean Pierre Renard and a group of four associates to build up the firm’s insolvency and restructuring practice. Managing partner Philip Walravens […]

Smith J v Addleshaws: the £750K job that never was

Mr Justice Peter Smith and Addleshaw Goddard were in negotiations that would have seen the judge join the firm in a £750,000-a-year package for him and a court assistant, which would have equated to the top of the Addleshaws’ equity. However, five months of talks broke down at the end of May after the judge […]

Simmons to focus on life sciences in Beijing

If Simmons & Simmons is permitted to open a Beijing office later this year, the firm is considering making it a life sciences hub. The Chinese authorities are yet to approve a licence for a Beijing office, which would be Simmons’ second mainland China operation after Shanghai. The firm has been in Hong Kong for […]

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