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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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Shearman confirms job cuts in US and Canada

Shearman & Sterling is to cut 60 support staff jobs in its US and Canadian offices after yesterday announcing redundancies in the UK (3 March). In an email sent to the firm Shearman’s executive director Kimberly Gardner confirmed that cuts are being made due to volatile market conditions. The firm’s New York, Toronto, Washington DC […]

Countrywide sale proves big draw for big firms

The negotiations over the fate of debt-ridden estate agent Countrywide have pulled in a dizzying array of legal advisers. The big roles went to Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May on a deal that is likely to see control of the company pass to a group of private equity investors that have injected […]

William Hill bets on Ashurst for rights issue

Ashurst has secured a key instruction frm William Hill over its plan to raise £1.2bn in a rights issue and debt facility, alongside Allen & Overy (A&O) and ­Skadden ;Arps ;Slate Meagher & Flom. Ashurst corporate partner Anthony Clare advised the gambling group, while ­Skadden capital markets partner James Healy acted for the underwriting banks […]

Trowers axes four real estate positions

Trowers & Hamlins has launched a redundancy ­consultation with fee-­earners in its UK-based real estate team. The firm is looking to lay off four fee-earners who focus on the plot sales ­market, with three in ­Manchester and one in Exeter set to lose their jobs. Those working on plot sales in the firm’s larger ­London […]

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Lawyers fall behind in IQ study

Lawyers have become less intelligent compared to the average person over thelast decade, research from the Centre for Market and Public Organisation(CMPO) has revealed. Lawyers have become less intelligent compared to the average person over the last decade, research from the Centre for Market and Public Organisation(CMPO) has revealed. The study compared IQ scores for […]

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