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Principles applicable to an ‘insolvent’ trust in Jersey

It is important that trustees understand their obligations if their trust structure comes under financial stress. Helpfully, the Jersey courts have provided guidance on the principles applicable to ‘insolvent’ trusts, which is likely to be highly persuasive in other jurisdictions.

Flexibility and teleworking

Flexible working is not a new concept in the UK, and it exists in a number of forms, both formal and informal.

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).

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Kirkland and Travers land roles on BC Partners’ software deal

Kirkland & Ellis has represented BC Partners on its investment into UK software company Advanced, in the firm’s latest advisory role for the private equity house. The US firm fielded a team that included partners David Higgins, Rory Mullarkey and Tom Bartram. Last September, Higgins advised BC Partners on its agreement to acquire majority ownership […]

Latham and Freshfields advise on new Farfetch deal

Latham & Watkins, Freshfields Bruckhaus Deringer and independent Italian firm Gatti Pavesi Bianchi have advised Farfetch on the acquisition of the Italian luxury brand platform New Guards Group. Latham’s team stemmed from its Milan, New York and London offices. The deal was led from Milan by corporate partner Stefano Sciolla, while Marcello Bragliani advised on […]

White & Case fields transatlantic corporate team on 3M defence deal

White & Case has secured the mandate for a UK-listed company in its acquisition of 3M’s defence business that supplies equipment to the US military. Avon Rubber, a respiratory protection systems company that supplies military, law enforcement and firefighting teams, has bought the ballistic protection business of 3M, another US company conglomerate, for just over […]

Taylor Wessing seals first tech deal under Wilson Sonsini partnership

Taylor Wessing has advised UK digital startup Babylon Health on a $500m investment round, marking the first time the firm has closed a deal with US firm Wilson Sonsini Goodrich & Rosati under their new relationship agreement. The funding means that the health tech start-up is now valued at $2bn. The round involved existing shareholders […]

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