Rhodes to chair accountancy regulator disciplinary panel

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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 […]

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Settlement reached on Tesco’s property row with BLP

Berwin Leighton Paisner (BLP) has settled out of court with one of its biggest clients Tesco after a dispute about the firm’s handling of a property deal. The matter was handled mainly by both parties’ insurers. The case has been settled for a small sum believed to be far less than the £1m claimed by […]

UK law firms in France set to lose tax exemption loophole

Partners at UK law firms in France are expected to suffer under the burden of rigorous new tax laws designed to close loopholes for international firms. The UK-France Tax Treaty, signed by both countries in January 2004, sews up a range of tax loopholes that can see French resident partners of international firms pay little […]

Cravath gifts Herbies early Xmas present with Ripplewood referral

Herbert Smith has scooped Ripplewood Holdings as a new client following a referral from US best friend Cravath Swaine & Moore. The City firm was brought in by Ripplewood’s longstanding adviser Cravath to advise the leading US private equity house on the acquisition finance aspects of its purchase of Honsel International Technologies (HIT) from The […]

Freshfields rejected as SWIP opts for Dundas

Freshfields Bruckhaus Deringer has been cast aside by longstanding client Scottish Widows Investment Partnership (SWIP) on the development of a new landmark property trust in favour of Dundas & Wilson. The Scottish firm won a tender for the establishment of the £630m property unit trust – one of the first of its kind in the […]

Former Macfarlanes partner joins Maitland in SA

Maitland, the South African trusts advisory group that took on Linklaters partner Rupert Weber, has also hired former Macfarlanes partner Michael Hayes. Formerly a partner in the City firm’s highly rated private client department, Hayes will join as a part-time consultant next month. He retired from Macfarlanes in April, but while there often worked with […]

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