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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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Former Cravath partner White rejoins from the SEC

Former Cravath Swaine & Moore corporate partner John White is to return to the firm next year after a two-year stint at the Securities and Exchange Commission. White is currently the SEC’s director of the division of corporation finance. He first joined Cravath in 1975 and became a partner in 1980. Cravath presiding partner Evan […]

Lovells defies crunch: turnover up 15 per cent

Lovells has seen fee income increase 15 per cent over the first half of this year, up from £225m at the same point last year to £260m. Managing partner David Harris (pictured) said the counter cyclical nature of the firm’s practice has contributed to its strong performance, although he warned that given the economic climate […]

UK mediators help clear Indian backlog

The Indian government has called on UK mediators as it attempts to clear a backlog of 29 million disputes that are clogging up its court system. It is expected that the move will allow UK lawyers to join India’s International Centre for Alternative Dispute Resolution (ICADR), taking India’s legal sector a step closer to liberalisation. […]

SJ Berwin settles on three US best friends

SJ Berwin has compiled a definitive list of US best friends after several years of planning, choosing to focus on its relationships with three firms. The firms on the roster are New York’s Paul Weiss Rifkind Wharton & Garrison, Silicon Valley’s Cooley Godward Kronish and Boston-headquartered Goodwin Procter. An SJ Berwin source said: “We looked […]

Howard Kennedy merges with DMA

Howard Kennedy has completed its second merger in as many months, despite making 46 redundancies earlier in the year. The firm has merged with London boutique DMA Legal after joining forces with personal injury boutique Douglas-Mann & Co at the start of September (The Lawyer, 1 September). In June, Howard Kennedy’s three-partner media practice left […]

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