McDermott’s revenues drop 1.2 per cent

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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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Conveyancing slump claims Hammonds Direct, Walker Morris appointed

Hammonds Direct, the conveyancing business spun off from Hammonds in 2001, will enter administration this week. Walker Morris appointed” class=”inline_image inline_image_left” src=”/pictures/web/images/15717_hammonds-bradford-office90.jpg” />Hammonds Direct, the bulk conveyancing business spun off from Hammonds in 2001, will enter prepackaged administration this week. The company, which has a turnover of more than £14m and employs 250 people in […]

SullCrom, Schulte in driving seat on Chrysler Fiat JV

Schulte Roth & Zabel and Sullivan & Cromwell have snared lead roles on the joint venture between Chrysler and Fiat. Schulte Roth & Zabel and Sullivan & Cromwell have snared lead roles on a major joint venture between US car manufacturer Chrysler and Italian rival Fiat. Palo Alto-based Sullivan & Cromwell partner Scott Miller led […]

DLA Piper loses Bergen office to local firm

DLA Piper loses Bergen office to local firm” />DLA Piper has lost one of its Norwegian offices following the departure of its Bergen lawyers to a local firm. The 30-lawyer branch split from the firm “in recognition of the difference between the Bergen and Oslo practices”, according to a statement from DLA Piper, and will […]

Simon Allen, Russell Jones & Walker

What’s the worst partner ­conference location you’ve attended and why? Slough, because it was Slough. What was your first-ever job? A dehydrator of peas at Batchelors in Sheffield. As the peas lost their will to live, so did I. What was your worst ­experience as a trainee? Being sent to buy a cabbage from the […]

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Clifford Chance makes New York finance lateral

Clifford Chance has ramped up its New York corporate finance capabilities, snaring a partner from Cahill Gordon & Reindel. Gary Brook will join the New York office advising financial institutions on leveraged lending, debt restructurings and securities offerings and acquisition financing. Clifford Chance US head Craig Medwick said: “The leveraged finance markets are evolving as […]

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