Welcome to the May 2025 edition of Globally Speaking, our international e-bulletin for private client, family office, and trustee clients and contacts. As the global private wealth landscape continues to evolve, this issue explores the shifting tax, legal, and geopolitical dynamics
More about Globally Speaking May 2025The word “Shari’ah” sparks curiosity and sometimes misconceptions. Shari’ah is a comprehensive system of ethics, law and guidance in Islam. This article focuses on one of these laws: the Islamic law of inheritance, and how to comply with these laws
More about Shari’ah, and an introduction to Islamic inheritance law
On 6 April 2025, significant changes to the UK tax regime for non-UK domiciled individuals (“non-doms“) and future arrivers into the UK took effect. These reforms were initially announced by the Conservative government in March 2024 but were confirmed, extended
More about Reforms to the UK taxation of individuals and their wealth structures: A summaryIn divorce and financial proceedings, the expenditure budget is a crucial tool. It helps the court determine each spouse’s financial needs and obligations, ensuring a fair maintenance award. Understanding its importance can significantly impact the outcome of your case. Q:
More about The role of expenditure budgets in assessing spousal maintenance in divorce and financial proceedingsOffice of Financial Sanctions Implementation (OFSI) expands the list of “relevant firms” subject to financial sanctions reporting requirements to include high value dealers and art market participants. OFSI has issued updated guidance in its role in helping businesses comply with
More about New financial sanctions reporting obligations – What the art market needs to knowThe appeal in Carvill-Biggs & Anor v Reading [2025] EWCA Civ 619 deals with whether administrators can rely on s 234 Insolvency Act 1986 to obtain an order for possession of a residential property. In this case, a director of
More about Carvill-biggs & Anor v ReadingThe non-dom reforms first announced in the UK Spring Budget 2024 have since been the subject of intense scrutiny, but not so heavily publicised is the planning opportunity these reforms offer to US persons (a term which includes both US
More about Will the UK trump the US following the April 2025 non-dom reforms?Shipwrecks in the Caribbean and South America, filled with valuable cargo, remain unclaimed or are salvaged by private companies, with former colonial powers often asserting ownership. Why is the restitution of underwater cultural heritage so far behind that of land-based
More about The battle for sunken treasures: Restitution’s next frontierThe Employment Rights Bill has undergone significant amendments following extensive consultations and parliamentary debates. Here’s an overview of the key updates. ‘Right to Switch Off’ Abandoned Initially proposed as part of the “New Deal for Working People,” the right to
More about Employment Rights Bill: Key updates and implications for employersOn 27 March 2025, the Government published new guidance for seeking building control approval for higher-risk buildings (HRBs). For those navigating the new, often confusing and overwhelming, regime of carrying out work on HRBs it is a very good place
More about Do-Re-Mi HRB