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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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HR & Training Special Report: Tapping talent

As the nature of lawyers’ client-facing work has evolved, so too should the role of the legal secretary, who can and should be utilised in a more supportive function for a greater number of lawyers. By Clodagh Beaty The traditional typing-heavy, legal secretarial role, with ­secretaries working for two or three lawyers, is disappearing fast. […]

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From a cross to bear to a leap of faith – private equity’s second coming

Putting houses in order is becoming the mainstay of law firms’ private equity work, says Kian Ganz. It feels like a world away, but it’s not so long since private equity was a major driver of many firms’ corporate revenues. With the dearth of credit and the global downturn, private equity practices have largely turned […]

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Shearman confirms job cuts in US and Canada

Shearman & Sterling is to cut 60 support staff jobs in its US and Canadian offices after yesterday announcing redundancies in the UK (3 March). In an email sent to the firm Shearman’s executive director Kimberly Gardner confirmed that cuts are being made due to volatile market conditions. The firm’s New York, Toronto, Washington DC […]

Radcliffe adds employment, tax barristers

Chancery set Radcliffe Chambers has boosted its ranks with two new ­barristers, launching an employment ;litigation ­practice in the process. The chambers has hired Shantanu ;Majumdar from Lamb Chambers. ­Majumdar specialises in professional negligence, commercial and employment litigation and was called to the bar in 1992. A ;spokesperson ;for ­Radcliffe said: “It’s a bit of […]

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Law Soc boss calls for pro bono to fill CV gaps

Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. Des Hudson Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. In a statement […]

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