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Latest Briefings

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

Carlyle Capital Corporation Limited (in liquidation) and others v William Elias Conway Jr and others

By Simon Davies “However startling the history of [Carlyle Capital Corporation’s] short life appears at first sight, its failure was the result of circumstances beyond the control of any board of directors.  The Lieutenant Bailiff’s view was that the Appellants’ claim depended entirely on hindsight, and we agree with her.” A judgment handed down in April 2019 […]

Open calls for renewable energy sources announced

By Milos Vuckovic, Petar Mitrovic The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, […]

Is it possible to force a buyer to pay in advance under the contract?

By Sergey Vakhrushev Usually, under the delivery contract, the parties agree on the terms about an advance payment for goods, such provision is aimed at protecting the supplier’s interests. However, the provision about an advance payment has negative impacts for a supplier. The provision about an advance payment results in uncertainty performed by a transaction, […]

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Clifford Chance loses yet another US lawyer

Kirkpatrick & Lockhart is latest recipient of Clifford Chance’s US lawyer exodus, after hiring a securities enforcement and financial services partner. Michael King is moving to Kirkpatrick from the magic circle’s Washington practice. During his career King has held a number of high profile positions including spells in the US Department of Justice and the […]

Untouchable lands at Kirkland & Ellis

Kirkland & Ellis has added a mafia busting crime fighter fresh from the US Attorney’s Office for the Eastern District of New York to its commercial litigation group. White-collar crime specialist Andrew Genser is joining the firm as a partner after firstly practising in the organised crime and racketeering section of the US Attorney’s Office […]

Bar rates dispute halts Iraqi hearing

A trial of 26 Iraqis has been severely disrupted after several senior barristers refused to accept instructions, marking a further escalation of the bar’s pay dispute. The strike action forms part of the concerted effort by the criminal bar to turn down all instructions on very high-cost cases (VHCC). This follows the decision by the […]

Underpaid and understaffed: the state of UK legal aid

A report into the state of legal aid reveals a system in crisis, bogged down by delays and inadequate advice, according to documents leaked to The Lawyer. The report, ordered by the Legal Services Commission (LSC) and the Department for Constitutional Affairs (DCA), shows that during 2003 clients in almost 500 publicly funded cases were […]

Spanish accountancy firms hit by underwhelming year

Spain’s past and present accountancy-tied law firms have struggled to shrug off the tough economy during 2003, with all recording scant increases in overall gross for the year. Former Andersen-tied giant Garrigues saw yearly revenue edge up by just 2.5 per cent to €164m, according to the latest figures compiled by Spanish newspaper Expansión. Ernst […]

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