Square Mile

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Latest Briefings

Subscription Finance Cayman Islands – Luxembourg Analysis

The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles. This briefing focuses on the similarities and differences between the two jurisdictions in the context of subscription credit and capital call facilities. This […]

Jersey substance proposals – the fund managers’ perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The legislation […]

Jersey substance proposals – the Banking and Finance perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The Law […]

The Equality and Human Rights Commission publishes damning review into the Grenfell Tower Fire

The Equality and Human Rights Commission has now published both its research into Grenfell residents’ access to services and support and its legal submissions to the Inquiry on the human rights implications of the fire. The Commission has also invited the Chairman to make a number of recommendations, including urgent recommendations to prevent a repetition […]

Bulgaria introduces a range of derogations from the EU GDPR

March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such as employment, the role of data protection […]

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Judge reprimands MP for refusing brief

A barrister who refused a brief to vote in the Commons has been reprimanded by the Court of Appeal. However, the court quashed a three-month suspension imposed by the bar on Labour’s Wirral West MP, Stephen Hesford, saying it was “wholly disproportionate”. The penalty was handed down by the bar disciplinary committee after Hesford, of […]

Mike Davies writes on the Commercial Agents Regulations

Mike Davies is a partner at Veale Wasbrough. The Court of Appeal case of AMB Imballaggi Plastici SRL v Pacflex Ltd tackled a difficult situation for agents and principals. The issue was whether Pacflex was an agent within the meaning of the Commercial Agents (Council Directive) Regulations 1993. AMB was the Italian manufacturer of food […]

A law unto themselves

In our first look at the figures who shaped the legal millennium Alan Hyman reveals the story of 19th Century New York legal team Abraham Hummel and Londoner William Howe, known as Eagle Abe and the Weeper, who became heroes of the criminal set and the bane of the establishment. As we approach the end […]

Don't judge CC merger before results are seen

There are always going to be casualties and malcontents in mergers on the scale of that between Clifford Chance, Rogers & Wells and Punder Volhard Weber & Axster. Rogers & Wells has lost six partners this year, and though some of these departures are for personal reasons, it is still a high number for an […]

Millennium appeal to be rushed through

Roger Pearson reports on a last-minute hearing hoping to clear the way for the funding of a millennium park in Liverpool. The start of an appeal expected to last two days has been set for 25 August in one of the fastest cases to pass through the courts recently. The case involves a last-minute bid […]

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