State aid hits spotlight as ‘Iron Lady’ replaces Monti

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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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Freshfields counts cost of commercial conflicts as German talent walks

Rated Freshfields Bruckhaus Deringer telecoms partner Raimund Schutz has blamed his departure on the effect that conflict issues and high leverage ratios have on his ability to serve his clients. Schutz, who has quit for 10-partner German independent Loschelder, told The Lawyer: “I’m not speaking of legal conflicts, it’s a commercial thing. Clients don’t like […]

Grapevine

The past 18 months have not been kind to Simmons & Simmons. Falling profits, partner de-equitisations, a racial discrimination case… you couldn’t make it up. The one bright spot for Simmons was its leading position in the accelerated IPO market, for which it gained prominence on the back of last May’s Northumbrian Water deal. The […]

Brobeck partners’ firm knocked-out of CC law suit row

US bankruptcy firm Pachulski Stang Ziehl Young Jones & Weintraub has been disqualified from acting for a group of former Brobeck Phelger & Harrison partners who are attempting to sue Clifford Chance for $100m. It is understood that the decision to disqualify Pachulski Stang, was made at a hearing in San Francisco yesterday (25 August). […]

Revealed: the most tightly guarded equities in The Lawyer UK 100

Ward Hadaway and PricewaterhouseCoopers-tied firm Landwell have emerged as having the most tightly held equity out of the UK’s top 100 law firms. Ward Hadaway and PricewaterhouseCoopers-tied firm Landwell have emerged as having the most tightly held equity out of the UK’s top 100 law firms. According to exclusive research conducted for The Lawyer UK […]

Darren Berman: Wembley National Stadium Limited

The Wembley Stadium saga bore all the hallmarks of a national disaster. Steve Hoare meets Darren Berman – the lawyer who helped turn the drama into a victory Fiasco or scandal, muses Darren Berman, head of legal and corporate affairs at Wembley National Stadium Limited (WNSL). Inevitably, it is one or other of the two […]

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