Minding the language

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Latest Briefings

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

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Scottish legal aid system breaches human rights

The Scottish legal aid system breaches European law and the human rights convention on , a court has ruled. In a test case, Fort William Sheriff, Colin McKay ruled that two Mallaig fishermen could not receive a fair trial because the £500 cap on legal aid fees in Scotland limited their access to justice. The […]

Flotations

White & Case’s London and Frankfurt offices advised Israel-based On Track Innovations on its euro40m initial public offering and listing on the Neuer Markt

TSG claims fees used to save OSS

The Trainee Solicitors’ Group (TSG) is accusing the Law Society of reneging on a promise not to profit from students and instead using their surpluses to help bail out the Office for the Supervision of Solicitors (OSS). The TSG claims the Society receives nearly £1.5m a year from students on the Legal Practice Course. Each […]

In brief: Simmons & Simmons

Simmons & Simmons has appointed three new laterally-hired partners. Cameron McKenna’s international derivatives regulation partner, Ned Swan, joins the London office. Fiona Loughrey, employment head at Baker & Mackenzie Hong Kong, joins the Hong Kong office. Finance partner Ibrahim Mubaydeen has joined the Abu Dhabi office from local firm Al Tamimi & Co.

In brief: Denton Hall

Denton Hall has won a pensions test case for Equitable Life at the High Court. Norton Rose advised the policy holders representative defendant, David Hyman.

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