Lucie Rose

Legal director Patrick Delas has contributed an article to Issue 3 of Private Client Business that examines the conflict between Anglo-Saxon freedom of testamentary disposition and continental systems of fixed inheritance rights. Find out more at the below link: 🔗 https://lnkd.in/g235EV_Y #FrenchLaw

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In the context of the announcement by the Chancellor of the abolishing of the UK's non-dom regime, as well as the removal of the concept of domicile from the UK tax system (and the closing of loopholes created by the previous adnimistration), is establishing TRUE non-UK residence going to be the only way for current non-doms to limit UK taxation?

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Excited to share insights on the recent Government consultation on the LGPS. 📈 Learn about proposals for pooling assets, mandating UK investments, and enhancing governance to drive growth in the UK economy. Will these changes lead to the desired outcomes? Would be really interested to hear your thoughts. #LGPS #GovernmentConsultation #UKEconomy #Pensions Matthew Gregson Claire Ward Stuart Evans Craig Moran Steve Simkins

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Employee Ownership Trusts have reached an all time high as recent stats show 27% growth in EOT transactions. 'Employee Ownership Trusts surge as entrepreneurs seek tax-friendly exits' (cityam.com) If you are thinking about doing this, come and talk to us about it as we have experience of advising clients in numerous different sectors on EOTs. Corporate lawyers | M&A lawyers in Kent (ts-p.co.uk) #EmployeeOwnershipTrusts #Lawyers

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I am looking forward to attending the 2024 SPAC Conference in New York next week with my Ogier colleague from Cayman, @Cynthia Anandajayasekeram. Plenty of topics for discussion including #SPAC liability under the Inflation Reduction Act, reducing deSPAC litigation risks, positioning to take advantage after a "too hot" SPAC market, sectors to watch in 2024, controlling SPAC costs, and what to learn from hedge funds making money off SPACs. Ogier is one of the leading offshore firms for SPAC and de-SPAC transactions, advising on the establishment and listing of SPACs in both New York and London, and their subsequent business combination transactions. Our global team of specialists manage innovative and complex transactions requiring careful synchronisation and management alongside exceptional technical expertise. In particular Ogier boasts leading offshore SPAC advisory practices in both the British Virgin Islands and Cayman Islands. Read here how the future of the SPAC may lie offshore: https://lnkd.in/e5YiYCuR If you are attending and would like to connect to discuss the key topics, or to learn more about Ogier's expertise in advising on the establishment and listing of SPACs in New York, and advise on their subsequent business combination transactions, feel free to drop one of us a private message to arrange a meeting. We'd be delighted to catch up. #SpecialPurposeAcquisitionCompany

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⚓ 🐳 Everything you ever wanted to know (but weren't sure who to ask) about anchor investors in DCM... Please read and share our latest Quick Guide 🐳 ⚓

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Work is progressing towards launch of the new PICES exchange whilst we await the consultation response. There might be a scaling back of ambition regarding access to the platform so we're keen to get your views on what you think of the proposals, if you'd want to use it (or at least be prepared so you can) and other comments you have so we can continue to shape our dialogue and technical input contribution with stakeholders in this process accordingly. Make your voice and views count by replying to our survey below ⬇ #PICES #PrivateCompany #ShareLiquidity

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While pre-nuptial agreements were once thought to only be relevant for billionaires and celebrities, and more commonly executed across the pond, there has been a distinct rise in pre-nuptial agreements in the UK in recent years. Read our short blog here: https://ow.ly/jjY750SEUYi #prenup #FamilyLaw #ModernMarriage

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What bloody amazing company to be in - good luck to everyone shortlisted in these awards! In fact everyone acting for clients going through this incredibly difficult period of their lives deserves an award - - the receptionists handing out tissues and elegantly keeping parties apart 😢 - the paralegals furiously bundling and calling the court ☎ - the associates who manage the vast majority of the day to day work 👩‍💼 - the accountants trying to do their jobs and ignore the noise 💸 - the experts answering questions which do not really need to be asked 🏠 - the barristers who keep us all on the straight and narrow 👑 - the clerks who try and stay friends with everyone 👯 - the divorce consultants holding the clients hands 🤝 - the ISWs doing their best for the children 🧒 Well done everyone. Keep going! [OH SHIT! Last minute EDIT to include the litigation lenders who will be after me if i don't give them a shout for keeping things moving for all of us!] LexisNexis UK Citywealth Leaders List Citywealth Luxury Lifestyle

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There are statutory duties to which all directors of UK companies (whether quoted or private) must adhere. Quoted companies also have additional corporate governance codes and requirements. Larger private companies may already choose to follow The Wates Principles re additional corporate governance. Should there, additionally, be a new voluntary code with commitments structured around six key 'Principles of Director Conduct'? The Institute of Directors (IoD) has published a consultation and is seeking views. See below ⬇ #CorpGov #DirectorDuties

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In an interview with 20Minds, Cleary partners Michael Preston and Gareth Kristensen discuss what makes the UK an attractive destination for global AI investment. See it here: https://ow.ly/lo9050TPA2h #AI #UK #MandA #artificialintelligence

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The case of Upham and others v. HSBC revolves around the "Eclipse" investment scheme, designed ostensibly to provide tax relief for UK taxpayers by funneling capital into LLPs engaged in the film industry. This judicial scrutiny reveals the problematic underpinnings of such investment vehicles, which ostensibly supported creative enterprises while primarily serving as mechanisms for tax deferral. At its core, the scheme's structure involved intricate financial and contractual arrangements with Disney to acquire rights to exploit certain films. Investors funded these acquisitions through significant borrowings, with the expectation of both immediate tax relief on the interest and potential future profits from the films' successes. However, these hopes were largely speculative and relied heavily on the continuation of certain tax advantages. The judgment emphasizes the disconnect between the scheme's professed function as a support mechanism for the film industry and its actual operation as a tax avoidance setup. Such schemes undermine public trust in the tax system by suggesting that with sufficient capital and legal maneuvering, tax obligations can be indefinitely deferred. This not only skews the economic playing field but also reallocates resources away from potentially more deserving or productive investments within the creative sector itself. The scheme's reliance on convoluted and opaque financial structures, and its ultimate challenge and defeat by HMRC, highlights the risks inherent in using the arts as a cover for financial engineering. It suggests a need for clearer regulations and more robust oversight to ensure that film financing initiatives genuinely support cultural production rather than merely serving as vehicles for tax avoidance. This case should serve as a cautionary tale about the perils of intertwining artistic enterprise with aggressive tax planning strategies, reflecting a broader critique of investment schemes that exploit legislative loopholes to defer tax liabilities. It is a clear example of the need for more stringent scrutiny and regulation to prevent the misuse of creative industries for unintended financial benefits. #TaxAvoidance #FilmIndustryFinance #HMRC #LegalScrutiny #TaxFairness #InvestmentEthics #CreativeIndustrySupport #RegulatoryOversight #FinancialTransparency #UKTaxLaw

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"UK restructuring plans: What does the future hold following the English Court of Appeal’s landmark ruling in Adler?", by James Stonebridge, Mark Craggs, Matthew Thorn, and Helen Coverdale (Norton Rose Fulbright). Check out this new article published on the Singapore Global Restructuring Initiative (SGRI) Blog! #restructuring #insolvency #UK #plan #English #courts #Adler https://lnkd.in/d2wGqxJU

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Our five-part series takes an in-depth look at the Defamation Act 2013 and its impact on #defamation claims during the past decade.   The preceding chapters have considered: the introduction of the #seriousharm test; the defences of #truth and #honestopinion; remaining defences such as #publicinterest, privilege and secondary defences, including the defence for operators of websites and peer-reviewed statements; and the single publication rule and jurisdiction and the developing jurisprudence.   In the final part of this series, Daniel Shaw, Mollie Jackson and Christopher Hutchings consider the abolition of jury trial, removal of statements, #slander and general provisions. We explore the findings in key case law, and examine how these defences have succeeded and failed in the past decade of litigation. https://lnkd.in/ewrJAAUW You can find the complete ‘A Decade of the Defamation Act’ series on our website.   #HamlinsLLP #PrivacyLaw #MediaDisputes #ReputationManagement

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Worth a read. As the new Government begins to set out its plans for the coming Parliamentary session, this article considers the themes which emerge from the plans developed by regulators and what the future may have in store for AI regulation under the new Government.

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The subject of executive pay in the UK was hotly debated ahead of the 2024 AGM season. But despite initial headlines suggesting a marked change in both the amount and structure of executive pay for UK listed companies, extensive change did not materialise. For more information on this and other key trends in the 2024 AGM season, read our latest Across the Board article here: https://lnkd.in/eMr-ybgv   #plc #AcrossTheBoard #remuneration #AGM #incentives

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