Weil, Clifford Chance act in AIG Private Bank sale

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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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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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