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Latest Briefings

Coming to America: Jersey approves US-style LLCs

Jersey’s decision to allow the creation of limited liability companies (LLCs) will allow the island to attract more US-based clients and offer more flexibility than the current partnership status based on English law. Here, partner James Willmott and associate David Patterson examine the options. In a move aimed at catering to Jersey’s growing pan-Atlantic business, […]

Jersey – Practical Guide to Property Law

Jersey is the largest of the Channel Islands and is a self-governing British Crown Dependency with its own financial and legal systems and its own courts of law. Jersey property law is derived from a mixture of local statute and customary (common) law. Jersey’s customary law has evolved from Norman-French law and is primarily contained […]

Changes to Guernsey’s corporate tax residence rules

Guernsey’s rules on corporate tax residence changed at the beginning of 2019 following amendments to its existing tax law brought into effect by a combination of the Income Tax (Guernsey) (Amendment) (No 2) Ordinance 2018, the Income Tax (Substance Requirements) (Implementation) Regulations, 2018 and the Income Tax (Substance Requirements) (Implementation) (Amendment) Regulations, 2018, all passed […]

Bombay High Court refuses anti arbitration injuncton against arbitration proceedings on the question of appointment of the tribunal

On 17 December 2018, the Hon’ble Bombay High Court (Court), in Ravi Arya & Ors v. Palm View Overseas Limited & Ors, passed an important order in relation to an antiarbitration injunction sought by the Plaintiffs in the matter, against an arbitral proceeding seated in Mumbai. The Court held that a challenge to the constitution […]

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Cravath, Davis Polk, Wachtell advise on broker mega-merger

A trio of US firms have snared lead roles advising on the merger of Morgan Stanley Wealth Management and Citi’s Smith Barney. Davis Polk & Wardwell partners George Bason, John Bick and Carole Schiffman led a team advising Citi on the joint venture with Morgan Stanley. Morgan Stanley instructed Wachtell Lipton Rosen & Katz partners […]

DAC pair re-elected to senior posts unopposed

Davies Arnold Cooper (DAC) has elected Lucy Walsh as its managing partner for a two-year term. Walsh takes over from Rowan Planterose, who has returned to practice, heading up the firm’s construction department. Danny Gowan remains the firm’s senior partner – a position he has held since 2000. Both Walsh and Gowan were elected unopposed. […]

Linklaters advises on stricken UK stalwart Waterford Wedgwood

Linklaters has been named as adviser to Deloitte on the administration of luxury goods maker Waterford Wedgwood. Insolvency ;partner Rebecca Jarvis is leading the team advising Waterford Wedgwood’s UK administrators Neville Kahn, Angus ­Martin, Nick Dargan and Dominic Wong. Irish receiver David Carson is being advised by A&L Goodbody partner Mark Traynor. Linklaters has close […]

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Cadwalader’s profit per point drops 38 per cent

Cadwalader Wickersham & Taft’s profit per point dropped by 38 per cent during the last year, despite the firm reporting a profit per equity partner (PEP) slump of ‘only’ 30 per cent, The Lawyer can reveal. Sources at Cadwalader were celebrating the PEP drop of 30 per cent, from $2.73m (£1.87m) in 2007 to $1.88m […]

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Cadwalader’s Bob Link to head London office after walkout

Cadwalader Wickersham & Taft is flying in managing partner and former chairman Bob Link (pictured) to head up its London office, after failing to convince the bulk of its London partnership to stay at the firm. Link plans to helm the London office for 12 to 18 months and rebuild an operation which was ravaged […]

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