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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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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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