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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 […]

Recommended

Reed Smith Richards Butler

Reed Smith Richards Butler has announced its first set of salary increases since its merger went live on 1 January this year. The combined transatlantic firm has increased its first-year trainee salaries by 16 per cent, from £31,000 up to £36,000, in its London office. This betters last year’s hike from £28,000 to £31,000. Second-year […]

Disappointed Bloxham may appeal

The solicitors of former Freshfields Bruckhaus Deringer partner Peter Bloxham have hinted that their client may appeal after losing a £4.5m age discrimination claim yesterday (10 October). Dawsons, the lead solicitors for Bloxham in his case against his former firm, stated: “Our client is naturally disappointed but his case has clarified the interpretation and application […]

McGrigors faces negligence claim from authors’ society

National firm McGrigors is being sued for negligence by former client the Authors’ Licensing and Collecting Society (ALCS). In a High Court claim the ALCS, which collects royalties for authors, said the firm failed to exercise a break clause on the lease of its London offices. According to the claim, which was issued by the […]

Store and order

Tulkinghorn was amused to learn the identity of one of the firms involved in the inquest into the deaths of Diana, Princess of Wales, and Dodi al Fayed. According to a release from the Coroner’s Office, the firm acting as solicitor to the inquest is one ‘Field Fisher Warehouse’. Presumably it specialises in bulk distribution, […]

Bakers chairman demands strategy rethink

Baker & McKenzie global chairman John Conroy has been re-appointed for a second term during the firm’s annual partnership conference, which takes place in London this week. Conroy, who took up the role in 2004, will serve a further three-year term as head of the international firm. The question of strategy is another major issue […]

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