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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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Manchester practice homes in on interactive Internet system

A MANCHESTER firm has become the first in the UK to buy and use an interactive Internet system which allows lawyers to practise law from their home page. Sole practitioner Stephen Baker & Co has installed NKT Interactive, a system which allows solicitors to carry out the preliminary stages of legal work with clients over […]

Sycamore aims to make legal profession 'fit for 21st century'

The Law Society needs to “tighten up its act” its president Phillip Sycamore has admitted, announcing a three-year review designed to make the society “more effective, more efficient and, above all, more relevant to those it serves”. Addressing about 800 delegates at the Solicitors’ Annual Conference in Cardiff last Friday, Sycamore’s comments were in marked […]

Flotations

Cameron McKenna advised software servicer NSB Retail Systems on its £4m admission to AIM.

Southampton firm sets up advocacy unit

A Southampton firm has set out to compete directly with chambers on the south coast by setting up its own employment advocacy unit. Hepherd Winstanley & Pugh, a 14-partner firm, has written to the top 75 firms in the country to alert them to a service it promises will compete with counsel on both performance […]

Clifford Chance seals deal to reschedule Soviet debt

Clifford Chance finance partners are celebrating the completion the world’s last outstanding sovereign debt rescheduling with the signing of an agreement by Russia to repay the former Soviet Union’s $33bn debt over the next 25 years. The firm’s two London finance partners, Cliff Godfrey and Andrew Yianni, have spent the past four months drafting the […]

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