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Latest Briefings

Coming to America: Jersey approves US-style LLCs

Jersey’s decision to allow the creation of limited liability companies (LLCs) will allow the island to attract more US-based clients and offer more flexibility than the current partnership status based on English law. Here, partner James Willmott and associate David Patterson examine the options. In a move aimed at catering to Jersey’s growing pan-Atlantic business, […]

Jersey – Practical Guide to Property Law

Jersey is the largest of the Channel Islands and is a self-governing British Crown Dependency with its own financial and legal systems and its own courts of law. Jersey property law is derived from a mixture of local statute and customary (common) law. Jersey’s customary law has evolved from Norman-French law and is primarily contained […]

Changes to Guernsey’s corporate tax residence rules

Guernsey’s rules on corporate tax residence changed at the beginning of 2019 following amendments to its existing tax law brought into effect by a combination of the Income Tax (Guernsey) (Amendment) (No 2) Ordinance 2018, the Income Tax (Substance Requirements) (Implementation) Regulations, 2018 and the Income Tax (Substance Requirements) (Implementation) (Amendment) Regulations, 2018, all passed […]

Bombay High Court refuses anti arbitration injuncton against arbitration proceedings on the question of appointment of the tribunal

On 17 December 2018, the Hon’ble Bombay High Court (Court), in Ravi Arya & Ors v. Palm View Overseas Limited & Ors, passed an important order in relation to an antiarbitration injunction sought by the Plaintiffs in the matter, against an arbitral proceeding seated in Mumbai. The Court held that a challenge to the constitution […]

Recommended

Rover Group

A full three months after BMW sold off its Rover car division to the Phoenix consortium for a nominal fee of £10, Midlands-based Rover is just beginning to draw breath. As a result of one the most high profile deals of the year, the newly formed Rover Group has finally put in place its new […]

Flotations

Cleary Gottlieb Steen & Hamilton’s London office acted for Goldman Sachs International and Morgan Stanley Dean Witter on a $1.7bn (£1.1bn) IPO of Turkcell Iletisim Hizmetleri shares. The investment banks acted as joint global co-ordinators and joint bookrunners on the deal. Partner Sebastian Sperber led a team of two on the IPO. Shearman & Sterling […]

Norton Rose takes team for Milan

Norton Rose is opening a new office in Milan with the entire civil team from two-partner firm Studio Legale Vassallie. The civil and criminal practice of Vassallie has split and the 11-lawyer civil group is moving with former managing partner Roberto Cornetta. The new office is due to open in September. The team will also […]

Reynolds Porter alters lockstep pay system

Reynolds Porter Chamberlain is changing its lockstep to include a modified system for the first time. The 50-partner insurance specialist previously had a 2:1 spread that saw partners gradually move up to plateau level after 14 years. Reynolds Porter has now introduced levels within the spread where the performance of the partners must be assessed. […]

Skadden Arps in Tokyo hires rival partners

US firm Skadden Arps Slate Meagher & Flom is taking on two partners from rivals to boost its Tokyo practice. Corporate partner Nobuhisa Ishizuka is joining from Morgan Lewis & Bockius and real estate partner Mark Bronson is moving in from Paul Hastings Janofsky & Walker. The pair will be joined by four lawyers from […]

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