Practice Areas

Jersey: At a Glance guide to the appointment of trustees

The power to appoint trustees is often contained in the trust deed and is commonly granted to either the trustee of the trust from time to time, or a third party such as the settlor or protector of the trust. Whoever has the power to appoint new or additional trustees must take into account a variety of factors.

Ex-A&O partner resurfaces at Stephenson Harwood

Stephenson Harwood has bolstered its London restructuring and insolvency team with the hire of a former magic circle partner. A non-contentious finance lawyer, Allen & Overy’s Tim Crocker has been working on complex debt restructurings and insolvencies for over two decades. He was made up to partner at the magic circle outfit in 2012, resigning over […]

Rolls Royce

City duo guide Rolls Royce and Babcock’s £315m disposal

Ashurst and CMS have acted on Rolls Royce and Babcock’s £315m sale of their respective stakes in re-fuelling business AirTanker Holdings. The businesses own a combined 40 per cent of AirTanker, which they have sold to Equitix Investment Management as part of a wider divestment operation. Rolls Royce intends to raise at least £2bn from […]

Offshore litigation: Grand Court asked to choose one liquidator over another

In the recent decision of Re Adamas Heracles Multi Strategy Fund, FSD No 133 of 2021, the Grand Court was asked to rule as to the identity of proposed liquidators; not on the ground of alleged suitability, but because of an alleged undesirability of having the same liquidators appointed over affiliated companies – by reason of conflict.

An offshore perspective: the English Commercial Court’s decision in the SKAT “cum-ex” case and Dicey Rule 3

In April this year, Mr Justice Baker of the English Commercial Court dismissed proceedings brought by the Danish national tax authority (SKAT) against over 100 defendants in connection with more than DKK2.5 billion in tax refunds that SKAT alleged it had been induced to repay by misrepresentations: Skatteforvaltningen (the Danish Customs and Tax Administration) v Solo Capital Partners LLP (in special administration) and others [2021] EWHC 974 (Comm).

Simpson Thacher

Simpson Thacher hires seven-strong group for new restructuring practice

Simpson Thacher & Bartlett has recruited a team of seven associates from magic circle and US firms to support the growth of its new restructuring practice in London. The hires mean that the restructuring team now numbers 10 lawyers in the London office. In February, The Lawyer revealed that Simpson Thacher had hired two partners […]

royal institute chartered surveyors

QC slams Fieldfisher over advice given to RICS

An independent review into the Royal Institution of Chartered Surveyors (RICS) has criticised Fieldfisher for taking a “demonstrably and inappropriately partisan” approach while advising its own client. A 467-page report into RICS from 2 Hare Court’s Alison Levitt QC was published on Thursday, during which the actions of senior Fieldfisher partners were scrutinised in great […]

Outstanding debt? Mediation may make your debtors pay up

As businesses are attempting to regain their previous position in the market following the restrictions and limitations brought about by the pandemic, many are facing a situation where they have outstanding invoices which considerably exceed their terms of business.  Normally most companies would seek a legal option and take a firm stance towards their debtors […]