November Group takes U-turn on SIF

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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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CPS spending set to outstrip budget

Government spending on the Crown Prosecution Service (CPS) in 1998-99 is “almost certain” to greatly exceed the planned expenditure announced last week, according to CPS sources. The Lord Chancellor’s Department’s annual report released last week cuts the Crown prosecutions and legal services budget from £75m in 1997-98 to £61m in the coming year. But the […]

LAB contracting plans will restrict access to justice, say lawyers' groups

The Legal Aid Board’s (LAB) proposed contracting of civil legal aid work will reduce choice for clients and turn the family lawyer into an “endangered species”, according to solicitors’ pressure groups. The LAB’s consultation paper, published last week, proposes restricting family contracts to between 2,000 and 3,000 firms, not-for-profit contracts to between 200 and 300 […]

New Hungary guide

Cameron McKenna has published what is believed to be the first guide to the new corporate legislation in Hungary, which will come into force this summer. Its Hungarian Update details the changes which are aimed at protecting creditors and minimising uncertainty in the existing company law. Stephen Forster, senior partner at Cameron McKenna’s Budapest office, […]

A&O Euro alliance under threat

Benelux giant Loeff Claeys Verbeke and leading Paris firm Gide Loyrette Nouel are seeking to link with top German firm Bruckhaus Westrick Heller Lober, in a move that threatens their alliance with Allen & Overy. Although Sietze Hepkema, a partner at Loeff Claeys, confirmed that talks had taken place between Gide, Bruckhaus and itself, A&O […]

Linklaters co-ordinator to “galvanise' pro bono work

Linklaters has become the second firm to hire a full-time officer to co-ordinate pro bono work by its lawyers and staff. Caroline Knighton joins the firm on 1 June to promote and co-ordinate all voluntary and pro bono work, from fund-raising football matches to advice work at law centres. Knighton, a former Allen & Overy […]

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