Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

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Mayer Brown elects finance partner as new chair

Mayer Brown has appointed its next chair to succeed incumbent Paul Theiss, while London managing partner Sally Davies has also gained a seat on the firm’s management committee. The firm has elected longtime partner Jon Van Gorp to the chair role, starting in June. He will take the baton from Theiss, who has been in […]

Addleshaws injects £4m into innovation arm

Addleshaw Goddard has restructured its innovation function in light of a £4m investment into new products and services. The firm’s innovation and technology team, led by partner Kerry Westland, has been overhauled to better deploy its growing headcount of 36 people in specific client and internal activities in its alternative offerings space. It comes as […]

Linklaters

Linklaters’ GC steps down after almost two decades

The general counsel of Linklaters is stepping down after 17 years, becoming the latest in-house veteran of the magic circle to leave the position this year. Raymond Cohen was one of the first general counsel to be appointed in City law firms. He was previously a partner in the financial services offering at the firm […]

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Kirkland to lose second partner in a week

A second partner from Kirkland & Ellis’ corporate team is set to depart the Gherkin, this time to Proskauer. The Lawyer understands that London partner Rebecca Villarreal, who has been at Kirkland for six years, will join the US rival days after the exit of corporate partner Mark Thompson to Dechert. Villarreal joined Kirkland in 2015 […]

Greensill

Investor group calls on Boies Schiller in fight over Greensill losses

Boies Schiller Flexner is preparing to represent institutional investors in legal action against Credit Suisse following the high-profile collapse of Greensill Capital. Those being targeted in Boies Schillers’ bookbuild are global investors who invested in the bank’s $10bn Supply Chain Finance Funds, with the aim of recovering losses suffered in relation to investments with Greensill. […]

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