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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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Dot coms net lawyers in search of a challenge

First they got firms to work with them without paying cash. Instead they offered the promise of profits tomorrow, tempting the firms with share options. Now its seems the so-called dot coms are taking the law firms’ rising IT stars, not only to take them through to their IPO, but beyond. In short, they are […]

Ashursts US merger stalled by Lathams

Latham & Watkins and Ashurst Morris Crisp’s plans for a merger are being blocked by the US firm’s London office. It is understood that the office is resisting moves to join with Ashursts, arguing that the shift would remove any independence it has from its US parent. Last week The Lawyer exclusively revealed that the […]

Blurring the boundaries

Veronica Cowan talks to Sir Richard Scott QC about changes facing the Chancery Courts and the whole profession. As Vice-Chancellor of the Supreme Court, Sir Richard Scott QC has effective responsibility for the running of the Chancery Division of the High Court. Barbara Dohmann QC, chairman of the Commercial Bar Association, describes Scott as “the […]

Which way now for Ashursts?

A byword for conservatism and quality, Ashurst Morris Crisp now finds itself at a serious disadvantage in the head-long rush towards globalisation. Dominic Egan explores the options open to the firm. Ashurst Morris Crisp is a class act. For close to 180 years the partnership has maintained the strictest quality controls, frequently rejecting candidates that […]

Chadbourne & Parke sued by ex-partner

Stuart A Rosenthal claims he was wrongfully ousted by the firm in violation of the partnership agreement. Chadbourne & Parke however, claims he resigned voluntarily. Manhattan Supreme Court Justice Herman Cahn dismissed an action for legal malpractice brought by Rosenthal against the firm, but allowed trial to go ahead over the wrongful dismissal allegations. Rosenthal […]

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