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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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Chadbourne hiring freeze as recession bites

Chadbourne & Parke has instituted a firm-wide hiring freeze for both legal and non-legal staff in an attempt to combat the economic downturn. In a memo titled “How are we doing?” that was leaked to US legal market blog Above The Law, Chadbourne managing partner Charlie O’Neil confirmed the freeze on hiring. He said those […]

Thacher Proffitt VC takes team to Greenberg

Embattled US firm Thacher Proffitt & Wood has lost its vice chairman along with an entire office to Greenberg Traurig. The Miami-headquartered firm has hired two former Thacher Proffitt real estate finance partners – Tom Leslie and Tom Infurna – as well as six other lawyers. Leslie was formerly the managing partner of Thacher Proffitt’s […]

Best-laid plans

The Swedish government’s plans to sell off the state’s stake in a range of industries were good news for lawyers. But the world economic crisis may have put paid to them. Having been buffeted by a series of economic storms over the past 20 years, the people of Sweden are used to scare stories surrounding […]

Addleshaws’ turnover 4 per cent below budget

Addleshaw Goddard has recorded a fall in fee income of 2.8 per cent in comparison to the first half of the 2007-8 financial year. Turnover for the first six months of 2008-09 was £94.7m, whereas during the same period last year the firm brought in total fees of £97.5m. This year’s figure was four per […]

Gay and free?

During the downturn associates have some tough choices to make. To sit tight or move to an office in a busier jurisdiction? Which is an even tougher choice to make when you’re gay. During the downturn associates have some tough choices to make. Whether to invest in retraining or focus on core specialisms? How to […]

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