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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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Equity share-out blamed for Halliwell Landau departures

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Sullivan & Cromwell expands Australian presence in Sydney

Sullivan & Cromwell is increasing its Australian practice with the opening of a Sydney office. The New York giant was one of the first US firms to open an office in Australia and has had a base in Melbourne since 1983. But it has now decided to increase its coverage with the Sydney expansion. Chairman […]

Tact and diplomacy

Lawyers – can’t live with them, can live without them, especially a particularly charming in-house lawyer Tulkinghorn had the good fortune to meet at The Lawyer Monte Carlo. City editor Dearbail Jordan was chatting to this silky smooth fellow when the subject of her name came up. After discerning that her name harked from Ireland […]

OFT investigatory powers prompt Transco to launch regional panel

Transco is setting up a regional panel to deal with the new investigatory powers of the Office of Fair Trading (OFT) under the recently introduced Competition Act 1998. Under the act, which was brought into force on 1 March 2000, the director general of the OFT has powers to investigate suspected breaches. Under these powers, […]

Macfarlanes in PFI first with Berwin Leighton

Macfarlanes and Berwin Leighton have signed the first standard form private finance initiative contract in the health sector. It marks a turning point that will speed up negotiations and cut legal fees for future projects. The £60m combined new build and refurbishment project for West Middlesex University Hospital Trust was signed on 30 January. Macfarlanes […]

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