The poach approach

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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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North West firm appoints non-lawyer chair

North West firm Mace & Jones has hired the former chief executive of financial services firm Rathbone Brothers as its first ever non-lawyer chairman. Roy Morris joins the firm in the newly-created role to help further its growth across the region. He is currently a non-executive director of Rathbone Brothers, having previously been its managing […]

Fund-friendly?

Switzerland is looking to new fund legislation to put the country firmly on the map as a leading financial centre. By Eric Stupp A major remodelling of Swiss fund legislation is planned to come into force on 1 January 2007. The declared purposes of the new Act on Collective Capital Investments are: re-establishment of the […]

Local authority consortium cuts legal costs with shared nine-firm panel

A consortium of 18 local authorities in the south of England has slashed its legal costs by up to a third by selecting a combined legal panel. The local authorities’ combined average annual legal spend is £1m, with the panel firms offering reduced rates from £150-£200 an hour to a lower rate of £100-£150 an […]

Freshfields instructed by Irish state on Aer Lingus flotation

Freshfields Bruckhaus Deringer has scooped a mandate to advise the Irish government on the IPO of its flag carrier Aer Lingus. The magic circle firm won the high-profile mandate after participating in a beauty parade at the end of last year. Irish firms William Fry and Arthur Cox are acting as local counsel to the […]

Hammonds fights to retain Brussels trio

Hammonds’ Brussels office has been hit by the resignation of its three most senior partners, but the firm is refusing to let the trio go without a fight. Brussels office head Konstantinos Adamantopoulos, competition head José Rivas and trade partner Edward Borovikov have all resigned and are seeking a new firm, as first revealed on […]

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