Weil, Clifford Chance act in AIG Private Bank sale

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Latest Briefings

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 […]

Supreme Court’s refusal on Barnardo’s switching to CPI

By Ian J Gordon, Simon Davies, Chris Edwards-Earl The Barnardo’s scheme’s rules stated that uprating of benefits must be based on the “general index of retail prices or any replacement adopted by the trustees without prejudicing approval”. While the retail price index (RPI) continues to be published (i.e. not “replaced”), the Supreme Court found it is not open […]

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Kimbells puts some staff on four-day week

Milton Keynes firm ­Kimbells has told lawyers in three of its departments to move to a four-day week, putting trainees at risk of missing qualification dates. One trainee is understood to have contacted the Solicitors Regulation Authority and was told that working part-time could mean they would not qualify within the usual two-year period. Kimbells […]

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DLA loses last Glasgow real estate partner

DLA Piper has been hit by another departure from its Scottish real estate practice, with the exit of its sole remaining Glasgow property partner. Anne McGregor is ­leaving the firm ­following the departure of property ­partners David Thomson and Graeme Sunter last month. One associate has been made ;redundant ;and two assistants are set to […]

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Merged Cornwall councils rejig legal

Cornwall County ­Council will revolutionise its legal team when the Cornwall Unitary Authority is launched in April 2009. Cornwall ;County ­Council will revolutionise its legal team when the Cornwall Unitary Authority is launched in April 2009. The new ‘super council’ will unite six district authorities and the county council with 110 lawyers from the seven councils. […]

Clifford Chance slashes US bonus

Clifford Chance slashes US bonus” />Clifford Chance has followed the New York trend and halved year end bonus pay-outs for its US associates. The magic circle firm will provide bonuses ranging from $17,500 (£12,000) for first year associates to $32,500 (£22,000) for the most senior class. Last year bonuses ranged from $32,000 (£24,000) to $65,000 […]

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Lawyers caught up in Mumbai seige recount ordeal

If the terrorists who attacked Mumbai last month wanted to strike at the heart of India’s international business ­community, then they chose their targets well. Law firms have been left counting the human cost of those attacks, with Stephenson Harwood the worst hit of all. Four of the firm’s lawyers were caught up in the […]

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