New Bar for the new millennium

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Latest Briefings

Subscription Finance Cayman Islands – Luxembourg Analysis

The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles. This briefing focuses on the similarities and differences between the two jurisdictions in the context of subscription credit and capital call facilities. This […]

Jersey substance proposals – the fund managers’ perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The legislation […]

Jersey substance proposals – the Banking and Finance perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The Law […]

The Equality and Human Rights Commission publishes damning review into the Grenfell Tower Fire

The Equality and Human Rights Commission has now published both its research into Grenfell residents’ access to services and support and its legal submissions to the Inquiry on the human rights implications of the fire. The Commission has also invited the Chairman to make a number of recommendations, including urgent recommendations to prevent a repetition […]

Bulgaria introduces a range of derogations from the EU GDPR

March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such as employment, the role of data protection […]

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Tax lawyers attack shadow ACT rules

The Inland Revenue’s proposals for “shadow” Advance Corporation Tax (ACT) are overcomplicated and are likely to give rise to litigation, according to Francis Sandison, the Law Society’s tax expert. The society’s corporate tax sub-committee, chaired by Sandison, submitted its criticisms to the Inland Revenue last week. Sandison, a Freshfields partner, said that parts of the […]

Listed building VAT decision

Mr Justice Moses has ordered that a VAT tribunal decision that VAT was not due on the bill for repairs to a Grade II listed building following severe fire damage should now be reconsidered by a freshly constituted tribunal. His order follows an appeal by Customs and Excise against the decision of Malcolm Palmer, chairman […]

In brief: Lester Aldridge revamps its management

Twenty-eight partner Bournemouth practice Lester Aldridge has introduced a radical management structure. The firm has set up a management board with a majority of non-solicitor members who include newly appointed director of sales and marketing Louis Greenblatt, pictured above left with managing partner Barry Glazier. The firm has also closed its two-lawyer Poole office.

Fined Streeter left partnership in May

Tory shadow cabinet member Gary Streeter, who was fined £1,000 last week for professional misconduct, resigned from the partnership at Foot & Bowden in May, it has emerged. Streeter, who joined the partnership at the Plymouth firm in 1984, has now become a consultant. Both Streeter and the firm said the decision was prompted by […]

London solicitor jailed for bribes

A London solicitor who bribed an Inland Revenue official to help him track down his clients’ debtors has been jailed for two-and-a-half years. At the Old Bailey on 10 July, John Cornillie admitted conspiracy to bribe a public officer and cheating the Inland Revenue of £11,265 by giving untaxed money to staff at his firm, […]

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