Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

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Seoul

Clifford Chance to close Seoul office

Clifford Chance is to close its Seoul office following a review, the first downsizing of the firm’s network since the onset of the pandemic. The firm has concluded that it will be able to serve Korean clients from its other Asia-Pacific outposts and through local alliances. The lawyers in the office are understood to be […]

Pinsents winds down Covid-19 measures and doubles bonus pot

Pinsent Masons is the latest firm to announce its employee rewards package for the last financial year, while also confirming that it has repaid its furlough money to the UK Government. This follows the end of the firm’s financial year, as Pinsents confirmed it is fully restoring salaries to the 98 per cent of staff […]

Ashurst dealmaker claims victory in chair elections

Ashurst’s UK corporate head Karen Davies has been elected chair of the firm, winning the role over two other contenders. Davies has sat on Ashurst’s board since 2017 and was featured in The Lawyer Hot 100 2018 for her work on headline-grabbing corporate deals. Her list of corporate wins has continued since; this week alone […]

Headhunter v law firm: let the court battle commence

Fox Rodney is suing Cadwalader, Wickersham & Taft in Central London Country Court, as it seeks to claw back lost fees from a partner hire. DWF has been instructed by the legal recruiter, with court documents obtained by The Lawyer revealing that Fox Rodney is seeking 33.3 per cent of the relevant partner’s remuneration. However, […]

Addleshaws injects £4m into innovation arm

Addleshaw Goddard has restructured its innovation function in light of a £4m investment into new products and services. The firm’s innovation and technology team, led by partner Kerry Westland, has been overhauled to better deploy its growing headcount of 36 people in specific client and internal activities in its alternative offerings space. It comes as […]

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