Stephenson Harwood China office eyes US West Coast collaborations

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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

Kings Chambers takes on retired judge

Kings Chambers has snared His Honour David Gilliland as an arbitrator. Gilliland retired from the bench on 30 September, having been a senior circuit judge on the Northern Circuit at the Technology and Construction Court. Gilliland, aged 69, joined the set today (8 October). The set has offices in Manchester and Leeds. Senior clerk William […]

Herbert Smith helps TfL safeguard Metronet pension scheme

Herbert Smith played a key role in ensuring the employees of tube contractor Metronet did not miss out on pension benefits when the company went into administration. Partner Roderick Morton advised Metronet and Transport for London (TfL), which stepped in to take responsibility for the pension scheme until a new contractor is found. Morton explained […]

LUL’s PPP review process in question after Metronet probe

The ongoing extraordinary review of failed tube operator Metronet is to have a significant impact on London Underground Limited’s (LUL) periodic PPP contract review (www.thelawyer.com, 24 September). Last week, as part of the extraordinary review of Metronet’s £2bn cost overrun, PPP arbiter Chris Bolt ruled that the operator could have claimed between £140m to £470m […]

New Orrick M&A head sets sights on London

Howard Shecter got off to a flying start last week as the new head of Orrick Herrington & Sutcliffe’s global M&A practice. “Sorry I didn’t get to speak to you yesterday,” jokes Shecter when The Lawyer catches up with him on day two. “But I spent all day doing benefit plans and computer training.” Things […]

Insurance

The insurance industry could be forgiven for appearing like a headless chicken since the US mortgage crisis sparked the global credit crunch. The market is waiting with bated breath to see what impact the collapse of the sub-prime mortgages will have in the insurance world. There is an expectation that as companies continue to fold […]

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