The wrong type for Nabarros

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Latest Briefings

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

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CC, Sullivan and W&C take on Eurotunnel restructuring

A trio of firms have secured the mandate to advise Goldman Sachs and Macquarie on the ongoing Eurotunnel restructuring. Clifford Chance and Sullivan & Cromwell have been instructed to advise the banks, which are hoping to finance a deal to slash Eurotunnel’s debt from £6.2bn to £2.9bn. The Goldman and Macquarie proposal was unveiled by […]

Adidas resorts to High Court over clothing clash with tennis bodies

With only weeks to go before the start of the Wimbledon tennis tournament, sporting goods company Adidas-Solomon has challenged the dress code of the International Tennis Federation (ITF) in the High Court. Adidas wants an injunction against the rules, claiming that they infringe European competition laws. The rules allow for a logo of four square […]

Addleshaws aims high as PEP instils confidence

Addleshaw Goddard has boosted its profit per equity partner (PEP) by 16.7 per cent, but has fallen short of managing partner Mark Jones’ ambitious £500,000 target. PEP reached £472,000, while the firm’s fee income increased to £161.2m in the 2005-06 financial year, representing a 16 per cent increase. The turnover increase includes an FRS5 uplift […]

Super set to launch in Smithfield

News that a group of senior tenants from Hollis Whiteman Chambers were moving out to set up alone broke in February this year. It took the five Hollis Whiteman tenants, plus co-conspirators Edmund Lawson QC of 9-12 Bell Yard and 23 Essex Street’s Nicholas Purnell QC, another three months to find a new home in […]

Midlands council trio solicit barristers’ sets

Three city councils in the Midlands are undertaking a joint panel review for barristers’ chambers. The councils of Derby, Leicester and Stoke-on-Trent began the process in April and have so far received more than 30 expressions of interest. The tendering process will be completed by the end of June, after which the selected chambers will […]

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