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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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Semple Fraser gears up for remuneration overhaul

Semple Fraser gears up for remuneration overhaul” />Scotland’s Semple Fraser is reviewing its remuneration structure in a bid to attract talent at the top of the equity. The firm operates a modified lockstep that is 80 per cent weighted towards equity, with the remaining 20 per cent based on performance. Partners enter equity on 50 […]

Freshfields’ new focus: people and clients

Freshfields Bruckhaus Deringer‘s firmwide partner conference sought to draw a line under the past year’s strife by tabling new priorities. The magic circle firm’s co-senior partner Konstantin Mettenheimer told The Lawyer that the two key themes of people and clients will be at the top of the agenda for the coming financial year now that […]

Wedlake Bell appoints two new partners

City firm Wedlake Bell has promoted two lawyers to the partnership, bringing the number of partners at the firm to 42. Michael Ridsdale and Michael Morris are now partners in the corporate tax and property departments respectively. Ridsdale, who has been at Wedlake Bell since 2005, advises on M&A, joint ventures and management buyouts. Morris […]

Sj berwin wins role on kensington sale

SJ Berwin has landed a role advising Elliott Bernard and Sir Stuart Lipton’s Chelsfield Partners on the acquisition of London’s Kensington High Street Commonwealth Institute site for redevelopment. The value of the acquisition has not been disclosed. The deal saw Chelsfield team up with Addison Developments, a company controlled by the site’s freeholder the Ilchester […]

Asahi’s fightback comes unstuck as

Japan’s Asahi Law Offices has lost another partner as it struggles to regain its footing following the sale of its international business to rival Tokyo firm Nishimura & Partners (now Nishimura & Asahi). Last week (30 June) corporate partner Rika Sato left the firm to join Jones Day‘s Tokyo office as a partner in its […]

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