RBS pension row: a lesson learnt – but at what cost?

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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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Debevoise reports modest revenue rise

US firm Debevoise & Plimpton saw revenues rise by 7 per cent revenue during the 2008 calendar year, up from $709.5m at the end of 2007 to $760.8m. Average profits per equity partner (PEP) dipped slightly, from $2.28m to $2.22. This is a marked difference to last year, when Debevoise reported a standout performance. At […]

CC Abu Dhabi launch prompts major oil acquisition mandate

Clifford Chance has bagged a role as the only UK firm on the Abu Dhabi state-owned International Petroleum ;Investment Company’s (Ipic) $2.3bn (£1.58bn) purchase of Canada’s Nova Chemicals Corporation. The is the first ­mandate from Ipic for the magic ­circle firm since it launched its office in Abu Dhabi in August last year. It is […]

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Orrick to cut another 300 jobs

Orrick Herrington & Sutcliffe has announced a second round of layoffs, with plans to axe a total of 300 staff. The US firm is looking to cut up to 100 associates and 200 support staff across its offices in Asia, Europe and the US. A spokesperson for Orrick said: “These actions are made necessary by […]

Business forecast: Nick Benson, Met Office

Legal head Nick Benson needs to tread a fine line between the Met Office’s status as a public body and a commercial enterprise. Tom Phillips reports Like death and taxes, the weather is unavoidable. And as last month’s mass snowfall proved, there is nothing like a bit of bad weather to capture the British ­public’s […]

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Bank Hur

10.22amIt cost $15m, had a cast of thousands and ran for more than three hours. The similarities between the OFT’s case against a series of high street banks over account charges and 1950s blockbuster Ben Hur are legion. 4 March, 10.22am It cost $15m, had a cast of thousands and ran for more than three […]

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