US firms hail ‘terrific’ year as UK revenues and profits soar

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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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LSE legal dept reduced during takeover battle

The London Stock Exchange (LSE) has completed a downsizing of its legal department, cutting the number of lawyers by almost half. Since listing in 2000, the LSE legal team has shrunk from 14 lawyers to eight as part of a streamlining strategy. The LSE completed the cull last month. Sources close to the LSE said […]

Separated at birth

Is it just a coincidence that Collins Stewart Tullett’s head of legal Simon Clark is a dead ringer for surreal comedy supremo Vic Reeves? Surely one of the more unlikely court battles of recent years was the broker’s defamation battle against the Financial Times, in which Collins Stewart initially claimed £37m and ultimately won £300,000? […]

Deals comment

Euronext noses ahead in race for London Stock Exchange Euronext noses ahead in race for London Stock ExchangeEuronext has emerged as a dark horse in the race for the London Stock Exchange (LSE) after the Competition Commission cleared the way for a possible bid. Directors of the LSE were reported to have met last week […]

Ticket to deride

The offer of free tickets for TV’s Big Brother would please most staff, reckons Tulkinghorn, but it would seem not for those at Kroll. Simon Appell, a partner at the risk consultancy firm, recently splashed out on four tickets to the reality TV show for his staff at a charity bash, only to be royally […]

Lovells bags SoftBank for £9bn Vodafone LBO

Lovells’ Tokyo arm has scooped the lead advisory role on Japan’s largest-ever leveraged buyout (LBO). The firm advised Japanese internet service provider SoftBank on its £9bn purchase of Vodafone’s flagging Japanese mobile telecoms business, as first revealed on www.thelawyer. com (17 March). The deal is expected to be sealed in the next few weeks, after […]

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