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By Legal Week | March 30, 2010
In her opening remarks at this year's Legal Week Trust and Estates Litigation Forum, co-chair Shan Warnock-Smith QC noted that there are a number of recurring themes that seem to surface when talking about trust and estates law. This year's hot topics were in fact the re-emergence of issues that have been on the agenda in various forms for many years.
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By Legal Week | March 30, 2010
The last decade has seen a dramatic increase in the use of trusts by Islamic families and considerable efforts have been made by banks and independent trust companies alike to ensure compatibility of their products with the principles of Sharia law. But why has the trust, exported to common law jurisdictions over the past few centuries, suddenly found such favour in the Middle East? To understand the attraction, we first have to understand the nature of Sharia law and particularly the rules governing succession. The vast majority of countries apply a system of succession based upon a combination of residence, domicile and the location of the assets in question. A few, such as Lebanon, will drill down further and apply different rules to different religions.
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By Legal Week | March 30, 2010
The so-called 'rule in Re Hastings-Bass' has become a workhorse for setting aside mistaken trustee decisions. It was memorably described by Lord Neuberger at last year's Chancery Bar Association conference as a "magical morning-after pill [for] trustees suffering post-transaction remorse" and has very recently been described by Justice Norris in the following terms: "When the court of appeal fashioned for the trustees of the 1947 settlement upon Captain Hastings-Bass a stout shield against an attack upon the validity of their decisions by the Inland Revenue, the members of the court cannot have supposed that they were creating for such trustees a powerful weapon enabling them to attack their own decisions in the face of objections by the Inland Revenue. But that, of course, is what has occurred in the development of what is called 'the rule in Hastings-Bass' (Re Hastings-Bass [1975] Ch 25)".
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By Legal Week | December 8, 2009
"What really impressed me was their sensitivity and understanding of the broader issues." So said Terence Fane-Saunders of Farrer & Co's work acting on the disposal of Titian's Diana and Actaeon to the National Gallery and National Galleries of Scotland. At £50m this was the UK's biggest ever sale of art in private hands to the nation. Farrers' entry for this category was replete with glowing client references and evidence of top quality work and clients.
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By Legal Week | December 1, 2009
When it comes to tax advice, lawyers frequently find themselves crossing with accountants and financial advisers. But when it comes to regulation, to what extent lawyers are treated as financial advisers is a key question. Increasing levels of legislation - both that which has come about in the last year-and-a-half and that on the horizon - was at the front of advisers' minds at Legal Week's Private Client Forum, held last month in Italy.
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By Legal Week | December 1, 2009
When it comes to tax advice, lawyers frequently find themselves crossing with accountants and financial advisers. But when it comes to regulation, to what extent lawyers are treated as financial advisers is a key question. Increasing levels of legislation - both that which has come about in the last year-and-a-half and that on the horizon - was at the front of advisers' minds at Legal Week's Private Client Forum, held last month in Italy.
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By Legal Week | November 17, 2009
The Society of Trust and Estate Practitioners (STEP) has recently published a report, entitled 'Offshore Evolution - Transparency and Solutions in Cross Border Wealth Restructuring July 2009'. Based on interviews with leading practitioners over the past six months, the report seeks to offer some predictions about the private client industry for the next 12 to 18 months. The predictions offered in the report are split into two different categories. Firstly, there are a number of "impact" predictions, which seek to identify trends or impacts happening in our industry over which firms have limited control. Secondly, the report identifies a number of "response" predictions which are termed as actions or approaches that industry might make to the impact predictions.
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By Legal Week | November 11, 2009
"I'm currently a general corporate/commercial tax lawyer at a national firm with just over one year's PQE. Although I really enjoy the intellectual aspects of tax work and get on well with my team, I would like to move into a more client-facing specialism, such as high net worth private client or family..."
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By Legal Week | October 5, 2009
Withers has appointed a senior partner for Asia with the relocation of Joe Field from the firm's New York office. Field joins Withers' 15-lawyer Hong Kong base, which was launched in January last year.
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By Legal Week | September 23, 2009
Mills & Reeve has bolstered its private client and insurance practices with two partner appointments. The top 50 UK law firm has brought in Chris Belcher as a partner for its Cambridge private client group. Belcher is due to join Mills & Reeve on 1 October from Farrer & Co, which he joined in 2001 from Sharpe Pritchard. He led Farrers' onshore private client team and will take Mills & Reeve's practice to 16 partners.
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By Alanna Clair and Shari L. Klevens | December 5, 2017
The challenge, of course, is to screen out the problem clients without significantly impacting the attorneys' business and financial needs.
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By Anna Ward | November 6, 2017
Offshore firm faces intense media scrutiny after cybersecurity breach
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By Samantha Joseph | October 30, 2017
Fresh off a multimillion-dollar victory described as one of the largest settlements in the School District of Palm Beach County's history, attorney…
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By James Booth | October 25, 2017
Appleby admits to 2016 cyber breach as it prepares for data leak
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By Legal Week | October 10, 2017
A&O, Kirkland, CMS and Fieldfisher among eight contenders for Law Firm of the Year at next month's ceremony as full shortlists for all awards are revealed
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By Legal Week | September 4, 2017
How trusts can help to deal with the disruption caused by the death or incapacity of shareholders and directors of a private company
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By Legal Week | March 14, 2017
New supplement set to profile private client legal community's global elite
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By Legal Week | February 20, 2017
In-house legal teams will also be recognised at June's awards, which will be jointly hosted by Legal Week and The American Lawyer
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By Legal Week | January 16, 2017
Attendees at the Legal Week Trust & Estates Litigation Forum on what makes the event an essential date in the diary
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By Legal Week | December 15, 2016
Team recognised for work on landmark Supreme Court ruling
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The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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