Latest Briefings

Voluntary disclosures program update – The new normal

The Canada Revenue Agency voluntary disclosures program (VDP) has been around for decades. While the VDP has changed periodically, perhaps the most significant change occurred when the new Information Circular IC00-1R6, initially published on December 15, 2017, became effective on 1 March 2018.

Section 160 liability – Damis Properties Inc. v. The Queen

In Damis Properties Inc. v. The Queen, the Tax Court of Canada (TCC) found subsection 160(1) of the Income Tax Act inapplicable because the appellants and their former subsidiaries were dealing at arm’s length at the time of the transfer of the subject property. The TCC further concluded that, even if subsection 160(1) applied, the liability of the appellants under paragraph 160(1)(e) was nil because they gave fair market value consideration.

Private wealth – the potential for impact

“It is good to have money and the things money can buy, but its good too to check up once in a while and make sure you haven’t lost the things money can’t buy.” – George Lorimer

Nitrate neutrality

Developments on hold, trips to the High Court, nutrient credit schemes… Ever since a European Court of Justice ruling in November 2018, being nitrate neutral has caused headaches and blockages for developers and planners.

Bermuda: Three-day registration for special purpose insurers issuing bonds

Bermuda has always provided an efficient process for insurance submissions of all classes, with applications being approved in under two weeks. On 20 August 2021, the Bermuda Monetary Authority issued a notice announcing that enhancements have been made to allow further streamlining of the registration process for Restricted Special Purpose Insurers (“R-SPI”). Now, the licensing and registration processes of R-SPI registrants whose business model is to issue bonds (e.g. catastrophe bonds and mortgage bonds) will be consolidated and registrants can be fully registered within three business days.

Recommended

Dominic Cummings

Dominic Cummings: Hodge Jones & Allen and Matrix team up on re-investigation bid

Hodge Jones & Allen and Matrix Chambers are leading a group of British citizens as they campaign for Boris Johnson’s chief adviser Dominic Cummings to be re-investigated. The group, which is headed by HJA’s Mike Schwarz and Matrix’s Matthew Ryder QC, is comprised of doctors, nurses, scientists, coronavirus survivors and families of coronavirus victims. They […]

UBS disputes chief resurfaces at Gibson Dunn

Gibson Dunn & Crutcher has lured back one of its former disputes lawyers as a partner, after nearly a six-year stint at UBS. Susy Bullock has rejoined the firm’s London office as a partner. She had been a managing director and head of EMEA litigation at UBS until June of last year, having joined the […]

kpmg

KPMG Legal hires Charles Russell Speechlys team for Luxembourg foray

Days after Debevoise & Plimpton revealed its new office in Luxembourg, KPMG Legal is to make the same move with a team hire from Charles Russell Speechlys. The accountancy firm’s legal arm has opened a local office under the banner of “KPMG Law Luxembourg” and has hired David Louis, the head of Charles Russell Speechlys’ […]

BT

In search of Arcadia? Check the broadband, not the house prices

One of the seemingly obvious benefits of this remote working trend is that lawyers now have more flexibility to choose where they live and it’s likely that a few are considering a life of bucolic bliss once things have settled. However, there is one big limiting factor: broadband infrastructure. Last year the plight of British […]

Find legal roles

Make your next move with The Lawyer Careers. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Whether you're looking at private practice, in-house legal or an exciting business support role, you'll find your future here.

Search vacancies