Recession bites…

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Latest Briefings

Living but not working in the Cayman Islands

This briefing considers the requirements for foreign nationals (meaning non-Caymanians and persons who are not married to a Caymanian) not wishing to work in the Cayman Islands but to reside there. For those considering such a move, there are various options open to them to make their relocation a reality…

Brexit, AIFMD and credit funds – hot topics for IBA private funds event

Brexit was the key topic at the 20th annual IBA Annual International Conference on Private Investment Funds 2019 – but as you’d expect, there was discussion on a range of areas from NPPR to credit funds, and from the prospects of the UK economy to AIFMD II. Seven partners from Ogier’s international funds team from Cayman, […]

Luxembourg tax reform for 2019: Part II

By William Jean-Baptiste On 5 March 2018, the Luxembourg Government filed the 2019 Finance Bill (the Bill) with the Chambre des Députés. Following the 2018 general elections, the Luxembourg Government was authorised to extend certain credits and expenses of fiscal year 2018 (the “douziemes provisoires” or provisional twelfths system) for the period running from January to […]

Implementing regulation on prevention of major industrial accidents and reducing their effects

March 2, 2019 Saturday and dated 30 702 Official Gazette ( ” Official Gazette “), the Family, Ministry of Labor and Social Services, jointly by the Environment and Urban Planning Ministry and the Interior Ministry, Prevention of Major Industrial Accidents And Regulations on Mitigation of Impacts ( ” Regulation ” ) Has been published; The Regulation on the […]

Abolishing subsidies for wind power plants in the republic of Srpska

The National Assembly of the Republic of Srpska adopted the Law on the amendments to the Law on Renewable Energy Sources and Efficient Cogeneration (Law) in an urgent procedure, abolishing subsidies for the production of electricity from wind power plants in the Republic of Srpska. The Law will enter into force eight days after its […]

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Herbert Smith in EU

The Brussels office of Herbert Smith has received instructions to act for the European Commission on a major competition case before the European Court of First Instance. The firm will defend an action that was brought by Finnish supermarket giant Kesko Oy. Its proposed acquisition of its closest rival, Tuko Oy, was blocked under EU […]

The legal aid agenda

The year opened with the news of yet another merger – that of Withers and Crossman Block. Meanwhile, the Legal Aid Bill came under attack from all sides. A survey of legal aid firms found that 40 per cent had either given up or were seriously considering giving up criminal legal aid work because the […]

Property

Denton Hall advised the Equitable Life Assurance Society on selling a 15-year lease on 238,000sqft of its speculative Hemel distribution centre to Gillette UK. Gillette was advised by Simmons & Simmons. Leeds firm McGuinness Finch advised Gazeley Properties on providing £26m funding to Equitable for the scheme.

Indonesian paper mill funding first

Project financing in Asia took a step forward this month as one US and three English law firms celebrated the completion after six years of the first agreement to build and operate an Asian pulp mill using limited recourse loans. The massive $1.2bn wood pulp mill in southern Sumatra, Indonesia, is being funded by commercial […]

In brief: Dibbs lands staff for its aviation legal team

Dibb Lupton Alsop has poached four partners and two solicitors from other law firms to create the UK’s third largest aviation law team. The new team will act as an autonomous unit within Dibb Lupton Alsop’s insurance group. Pictured above is the new team, from left to right: former Beaumont & Son partner Nigel Wright, […]

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