Although the Court of Appeal judgment in Purkiss v Kennedy & Ors [2025] EWCA Civ 268 deals with the purpose requirement of s 423 Insolvency Act 1986, its importance rests equally on its reminder of the difficulties faced by a
More about Purkiss v Kennedy & OrsWelcome to the March 2025 issue of our international e-bulletin for private client, family office, and trustee clients and contacts. It’s been a busy start to the year, in anticipation of the upcoming changes to the taxation of non-UK domiciled
More about Globally Speaking March 2025The Register of Overseas Entities (“ROE”) is a UK government record of overseas entities that hold qualifying estates in UK land. Reportable entities are required to register with the UK Registrar of Companies (via Companies House) and to disclose information
More about The register of overseas entities: Widened protection regime and the public disclosure of trust informationOn 27 February 2025, HM Revenue & Customs released a consultation (“Consultation“) on the reforms to inheritance tax (“IHT“), business property relief (“BPR“) and agricultural property relief (“APR“) that the Chancellor Rachel Reeves had originally proposed in the Autumn 2024 Budget
More about Government confirms IHT reforms: What farmers and business owners need to knowUsufructs are a common form of ownership in many countries. They allow a person to occupy a property and receive income, usually for their lifetime. Another person has a right to receive the property after the first interest ends. Names
More about New development – First decision involving usufructs and inheritance taxQ: How are assets divided upon divorce in England and Wales? A: The division of assets upon divorce is guided by the principle of fairness, and judged against “the yardstick of equality”. While equal division of the assets (also known
More about Dividing assets on divorce and the “50/50” splitIn Invest Bank PSC v El-Husseini and others [2023] EWCA Civ 555 the Court of Appeal rejected a narrow interpretation of s 423 Insolvency Act 1986 that would have restricted the ability of a victim to obtain relief in cases
More about Invest Bank PSC v El-HusseiniIn England and Wales, in line with most common law jurisdictions, there is testamentary freedom. Put simply, this means that a testator can leave their worldly assets to whomever they want. In the coming decades, it is predicted that there
More about How easy is it to disinherit your children?Supermarkets, sushi, deceit, zoos – our Landlord and Tenant Case law update podcast has it all. Whether you own or manage a commercial space, or are occupying as a tenant, our quick listen covers three important case examples where parities
More about Real Estate Podcast – Second bite of the cherryA steadily increasing number of couples choose to enter into pre- and post-nuptial agreements in order to safeguard assets in the event of marriage breakdown. These conversations and agreements don’t signify the loss of love; rather, they reflect practicality and
More about Prenuptial agreements: A sign of practicality, not a lack of love