EXCLUSIVE: Farrer explores implications of Prest case 09:02 GMT On 12 June 2013 The Supreme Court handed down its eagerly awaited landmark decision in the case of Prest v Petrodel Resources Limited [2013] UKSC 34, Bryony Cove, a partner in the private client team at Farrer and Josephine Foy, a solicitor in the firm's family team, look at how the Supreme Court came to its conclusion.
Growth and consolidation evident as familiar faces return for Private Client Practitioner's Top 25 Financial Planning Companies 18/06/2013 In a move to reflect the post RDR financial planning sector, Private Client Practitioner has renamed its annual Top 25 IFAs as the Top 25 Financial Planning Companies. As the industry has reacted to the regulatory changes brought about through RDR, a number of the larger and familiar names on the list have cemented their positions as they look to expand their offering across the UK and as a consequence 2013 has seen a period of growth in the industry as the larger firms consolidate their positions at the top of the financial advice market.
Anti-Avoidance by Simplification 14/06/2013 On 31 May H M Revenue & Customs launched a second consultation on the simplification of periodic and exit charges for trusts. The proposals being made are wide ranging and are likely to affect both new and existing trusts. This will represent the second significant alteration to the way IHT affects trusts in a decade.
Corporate or fiduciary structures – if not Cyprus then where? 07/06/2013 Malta and Luxembourg both offer attractive solutions to those considering moving their corporate or fiduciary structures from Cyprus, explain Herman Troskie and Mel Roberts at Maitland.
Reflecting on Changes to Fraud Sentencing 03/06/2013 Following the Court of Appeal’s judgment in Levene v R [2013] and R v Kallakis and Williams [2013] EWCA 709, leading criminal lawyer Nicola Finnerty, a partner at Corker Binning, discusses the implications of these decisions for sentencing for the common law offence of conspiracy to defraud.
BVI is no tax haven, Island's Premier tells eprivateclient 31/05/2013 The BVI has not been alone in coming under pressure to increase their tax take, not least recently after a widely reported data leak from two local trust companies.
But Dr the Honourable D. Orlando Smith, OBE, premier of the BVI, told eprivateclient during a visit to London last week that much of the pressure was based on misconceptions – both about offshore centres in general and the BVI in particular.
Once More Unto the Breach: Case Report on Pitt v HMRC and Futter v HMRC 24/05/2013 This month the Supreme Court handed down its decision in the cases of Pitt v HMRC; and Futter v HMRC. The Supreme Court dismissed both appeals insofar as they related to the rule in Hastings Bass, but allowed one appeal on the grounds of mistake.
A second bite of the cherry? 20/05/2013 Emily Brand and Anna-Laura Lock at law firm Winckworth Sherwood look at the time limitations on revisiting a divorce and whether a change in an ex-husband's financial circumstances leaves the door open for further claims.
EXCLUSIVE: Back to the future - Charles Gothard on his return to Macfarlanes 17/05/2013 The increase in international work and the future focus of the firm were the reasons law firm Macfarlanes tempted Charles Gothard to return to the firm after 8 years at Speechly Bircham, latterly as head of their international private client team.
