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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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Women in law need a pan-European dialogue on status

It is not just the UK profession which has to address its lack of female representation. Cherie Booth QC uncovers a European problem The role of women in the law is an issue close to my heart. This is not just because I am a female lawyer but because I believe it raises fundamental questions […]

Fear of competition bars rights of audience

Susan Ward says the Bar’s requirements for the lifting of rights of audience restrictions on employed barristers means these rights are being given with one hand and taken with the other. Susan Ward is chairman of Bacfi and general counsel to the banking body, APACS. Of course I am pleased to see a very small […]

HK judge slams Deacons' and CC's alarming fees

A Hong Kong judge has attacked Clifford Chance, Deacons Graham & James and Price Waterhouse for the “alarming” fees they are charging creditors in the liquidation of investment bank Peregrine and for a relationship which she believes seems “too cosy”. Clifford Chance billed HK$16.9m and Hong Kong firm Deacons billed HK$21.5m in the liquidation of […]

In brief: Survey uncovers firms' desire to find suitors

A third of law firms intend to merge in the next three years owing to a “hostile ” environment, according to nationwide research carried out by London Business School (LBS). A survey of 170 firms of five partners or more by LBS Professor Tim Morris revealed that firms feared increasing competition from rival law firms […]

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Govt faces pressure to close legal aid divorce “loophole'

The government has come under pressure to tighten up legal aid in divorce cases following The Lawyer’s revelation last week that the woman intending to marry Anthony Julius is getting legal aid for her divorce. Julius took about £250,000 a year as a partner at Mishcon de Reya, while the husband of his future wife, […]

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