News in brief

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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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Herbert Smith tackles Carnival deal

Herbert Smith has acted for Carnival Corporation on its first bond issue in the Euromarkets. Finance partner Jane Borrows, assisted by associate Ruth Frederick, led the £189m issue by Carnival subsidiary Costa Finance. The work comes on the back of the corporate department, which secured Carnival as a client last year. Carnival is unusual because, […]

Lovells mounts mass Euro recruitment drive

Lovells has initiated a full-scale European recruitment drive as it takes on three new partners to strengthen its corporate and finance departments in Paris. M&A and stock exchange partners Gilles de Poix and Olivier de Précigout join from Hughes Hubbard & Reed and Coudert Frères respectively. Finance partner Jacques Bertran de Balanda joins from Clifford […]

A VIEW from Hong Kong

At the January opening of the 2000 legal year, the chief justice announced the establishment of a working party under the chairmanship of Mr Justice Patrick Chan. The party’s brief is to review the civil rules and procedures of the High Court and to recommend changes “with a view to ensuring and improving access to […]

Arnold & Porter bags FTC chairman

The chairman of the Federal Trade Commission (FTC) is joining Washington DC firm Arnold & Porter after six years in the position. Robert Pitofsky will join Arnold & Porter’s antitrust practice, where he was of counsel before he left to chair the FTC. The firm’s antitrust practice is one of the country’s most significant and […]

News in brief

Dorsey & Whitney has appointed Nadeem Khan (right) to set up a property department in its London office. Khan joins from Bird & Bird, where he was involved in development, outsourcing, PFI and high-profile sale and purchase transactions. Dorsey & Whitney is one of the few US firms to have set up a property department […]

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