Minter Ellison gains Shanghai head from Masons

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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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NGJ and Kirkpatrick partners vote for merger

The first trans-Atlantic of the year is going ahead as partners at Nicholson Graham & Jones and Kirkpatrick & Lockhart have voted through a tie-up. The merger will go live on 1 January 2005, creating a 950-lawyer firm spanning 10 US cities and London… The first trans-Atlantic merger of the year is going ahead as […]

Norton Rose’s Cologne team gears up for defection to CMS

Norton Rose may be on the verge of losing its entire Cologne office as its partners accelerate talks with CMS Hasche Sigle. It is understood that all 17 Cologne-based partners are considering the move to CMS Hasche Sigle, which is in the process of conducting due diligence on its potential new recruits. The Cologne contingent […]

Hannes Snellman reports double-digit profit recovery

Finland’s second largest firm Hannes Snellman has recorded an astonishing 48 per cent rise in profits, smoothing the way for a new managing partner in 2005. The firm made a post-tax profit of €6.75m during the last financial year. The previous year profit had slumped 10 per cent to €4.56m. Turnover rose 13.6 per cent […]

FSA plans for higher legal costs as more rulings are challenged

The Financial Services Authority (FSA) expects to increase its external legal spend again next year after more than doubling its budget for external enforcement to £5m for the 2004-05 financial year. A spokeswoman for the FSA said that the financial services regulator predicted that the costs of external legal consultants and QCs would jump even […]

Tag of war

Collapsed claims giant Tag’s former employees are seeing life from the other side as they try to claim through no win, no fee. Jon Robins reports A couple of days after the management of claims farmer The Accident Group (Tag) sacked 2,500 staff – some by the now infamous text message last May, a meeting […]

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