Latest Briefings

Voluntary disclosures program update – The new normal

The Canada Revenue Agency voluntary disclosures program (VDP) has been around for decades. While the VDP has changed periodically, perhaps the most significant change occurred when the new Information Circular IC00-1R6, initially published on December 15, 2017, became effective on 1 March 2018.

Section 160 liability – Damis Properties Inc. v. The Queen

In Damis Properties Inc. v. The Queen, the Tax Court of Canada (TCC) found subsection 160(1) of the Income Tax Act inapplicable because the appellants and their former subsidiaries were dealing at arm’s length at the time of the transfer of the subject property. The TCC further concluded that, even if subsection 160(1) applied, the liability of the appellants under paragraph 160(1)(e) was nil because they gave fair market value consideration.

Private wealth – the potential for impact

“It is good to have money and the things money can buy, but its good too to check up once in a while and make sure you haven’t lost the things money can’t buy.” – George Lorimer

Nitrate neutrality

Developments on hold, trips to the High Court, nutrient credit schemes… Ever since a European Court of Justice ruling in November 2018, being nitrate neutral has caused headaches and blockages for developers and planners.

Bermuda: Three-day registration for special purpose insurers issuing bonds

Bermuda has always provided an efficient process for insurance submissions of all classes, with applications being approved in under two weeks. On 20 August 2021, the Bermuda Monetary Authority issued a notice announcing that enhancements have been made to allow further streamlining of the registration process for Restricted Special Purpose Insurers (“R-SPI”). Now, the licensing and registration processes of R-SPI registrants whose business model is to issue bonds (e.g. catastrophe bonds and mortgage bonds) will be consolidated and registrants can be fully registered within three business days.

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chambers

Litigation review: 2019’s busiest chambers in the courts

Magic circle set Blackstone racked up the most court appearances in 2019, according to The Lawyer’s latest Litigation Tracker figures. According to the data, the barristers chambers involved in the most cases last year was Blackstone Chambers, with the set instructed on 182 cases across 482 case days in 2020. The standout dispute was Gina Miller’s claim over […]

New QCs at a time of change: the silks of 2020

As 114 new silks celebrated their success in the 2020 Queen’s Counsel appointments, they were also marking the end of an arduous selection procedure – all for the honour, pride and privilege of securing those two prestigious letters that can reshape a legal career.  Finally gaining the QC kitemark gives some barristers a sense of […]

Pannick and Mishcon land historic win in Supreme Court Brexit ruling

Boris Johnson’s decision to prorogue Parliament for five weeks has been ruled unlawful by the Supreme Court, with Mishcon de Reya and Blackstone Chambers completing a dramatic comeback of epic political proportions. Acting for legal campaigner Gina Miller against the Prime Minister, Mishcon’s judicial review application was initially rejected in the High Court, although this decision […]

back to work

Staggered work times included in Pinsents’ back-to-office plan

Pinsent Masons is set to stagger working hours and break times for employees that are returning to the office, however, encouraging UK staff to work from home still forms the “backbone” of the firm’s response to Covid-19. For the past month, a tailored taskforce has been looking at how Pinsents can reopen its offices on […]

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