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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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Iceland banking saga hands A&O, 2Birds roles on Kaupthing UK sale

Allen & Overy (A&O) and Bird & Bird are the latest firms to win instructions resulting from Iceland’s banking crisis, acting on the sale of Kaupthing Singer & Friedlander’s (KSF) UK investment management business. KSF, the UK arm of Icelandic bank Kaupthing, has been put into administration by ­regulators in the UK. The bank turned […]

Gay and free?

During the downturn associates have some tough choices to make. To sit tight or move to an office in a busier jurisdiction? Which is an even tougher choice to make when you’re gay. During the downturn associates have some tough choices to make. Whether to invest in retraining or focus on core specialisms? How to […]

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Davis Polk, Kirkland, Simpson Thacher line up for election scheme

A trio of US elite firms are working pro bono to answer questions from US voters during the election. Lawyers from Davis Polk & Wardwell, Kirkland & Ellis and Simpson Thacher & Bartlett will be manning the phones to address questions and concerns from the electorate as part of the Election Protection scheme, which is […]

Web Week: 3 November 2008

The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com. Net prophets This is a new one. Did you know you can now buy legal advice online in the […]

Law Society ballot bars the door to non-lawyers

Postal voters have rejected the Law Society’s plans to include non-lawyers as fee-paying society members. Around 17,500 valid postal votes were cast, with 40.5 per cent in favour of the changes and 59.5 per cent against. More than 138,000 papers were distributed to members, but only 12.8 per cent of these were cast as votes. […]

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