Time to bury SIF

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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

Law Society must make amends for SIF debacle

FINALLY it seems that the Law Society has bowed to the inevitable by conceding that law firms should be allowed to purchase their indemnity insurance on the open market. Yes, on paper a compulsory mutual solicitors indemnity fund could be better for the profession as a whole. But what the society has only just realised […]

Masons poaches PFI partner

Masons’ aggressive hiring spree continued this week with the defection of Addleshaw Booth & Co’s head of construction Huw Baker to the firm’s Manchester office. Baker is the fifth new construction or PFI partner at Masons in the last five months. In April, the firm hired two PFI partners from Bevan Ashford – Iain Fairbairn […]

PWC in bid to pull network's affiliated practices into line

Gerard Nicolay, the head of Pricewaterhouse Coopers’ international legal network, has formed a global executive body to try to integrate the dozens of local affiliated legal practices into one firm. The seven-member executive, chaired by Nicolay, comprises the heads of Coopers & Lybrand’s and Price Waterhouse’s French, Dutch and UK (Chris Arnheim and Chris Tite) […]

It has been a bad week for…

Kentucky lawyer Victoria Murden, whose attempt to row across the Atlantic solo ended when her 23ft boat capsized 1,000 miles off Land’s End. The Law Society press office, whose press release giving details of a Web site on the Millennium Bug suffered from some gremlins of its own and gave the wrong Web site address. […]

Dispute over right of way

Lady Violet Aitken, Timothy Aitken and the trustees of the Beaverbrook Foundation have launched a right of way action in the High Court against Rosebay Investment (Private), of London WC2. The foundation plans to use Cherkley Court, Leatherhead, for educational and public purposes, but claims the right of way to the premises has been blocked […]

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