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Latest Briefings

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

Recommended

In brief: Salans Hertzfeld & Heilbronn

Salans Hertzfeld & Heilbronn, the French inter-national firm, has poached an international litigation team from its Parisian rivals Jeantet & Associes. Partner Bruno Leurent is taking colleagues Nathalie Meyer-Fabre and Marina Legrand with him. Leurent is currently acting as chairman on a panel of Commissioners at the UN Claim Commission in Geneva which is deciding […]

Balfour-Lynn's rise heralds revamp at Peters & Peters

The appointment of Julia Balfour-Lynn as managing partner of Peters & Peters represents the first stage of a firm-wide restructuring at the business crime specialists. Balfour-Lynn says the firm is planning a revamp of its partnership structure and significant growth in its regulatory and commercial litigation departments. Balfour-Lynn takes over single-handedly on 1 May when […]

Pension fund watchdog investigates Eversheds

Eversheds is being investigated by the Occupational Pensions Regulatory Authority (Opra) for failing to make payments into its staff pension scheme. The criminal investigation could, in theory, land Eversheds in court, with the prospect of unlimited fines and two years’ imprisonment for those responsible. A spokeswoman for Opra says this is the first time a […]

Merging firms put lawyers at risk

Lawyers who face a conflict of interest because their firm is merging may be forced to leave newly combined firms, following a High Court ruling. The High Court has reinforced the principle that clients’ interests are paramount when a potential conflict of interest arises in mergers. A group of Lloyd’s Names tried to stop the […]

J Sainsbury

Sainsbury’s has built its reputation on being a wholesome family-run company. But this year will be the first that a family member is not head of the company, following chairman Lord Sainsbury of Turville’s handover to non-executive chairman Sir George Bull. Sainsbury’s year so far has been characterised by change. Hundreds of its staff face […]

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