Much of the content of today’s Budget had been leaked to the press beforehand so many of the announcements were not unexpected, but there were still some surprises for private clients; chief among them a more radical reform of the
More about Budget 2024 – Key announcements for private clientsSome key highlights of legal updates affecting the Private Client industry over the past month are as follows. Offshore – consultation on transparency of trusts under the ROE The consultation period has now closed for the government’s consultation on “The
More about Private Client Legal Update – February 2024Post-colonial claims have exploded in recent years, partly because information is becoming more accessible, but also because moral and ethical considerations have become harder to ignore. In this article for The Times, Partner Tim Maxwell and Senior Associate Petra Warrington
More about Tim Maxwell and Petra Warrington author article in ‘the times’ on post-colonial claims and the complexities of negotiating returns of art and cultural propertyLast week, it was revealed that a recently rediscovered painting by Gustav Klimt, “Portrait of Fräulein Lieser” (1917), will be sold at the Viennese auction house Im Kinsky, in Vienna, in April. Senior Associate Petra Warrington has been quoted by
More about Senior associate quoted in the Financial Times – Rediscovered klimt painting tells a tale of post-war restitutionNilsson & Anor v Iqbal & Anor [2024] EWHC 49 (Ch) was an application by the joint trustees in bankruptcy of Mohammed Babar Iqbal for a declaration as to the beneficial ownership and an order for possession and sale of
More about The matrimonial home and agreeing a change in beneficial ownership – Court confirms importance of setting it out in writingSome key highlights from legal updates affecting the Private Client industry over the past month are as follows. Offshore – ROE consultation on trusts The UK government has published a consultation on widening public access to trust information held on
More about Private Client legal updates – January 2024After numerous delays to its final publication, the Pensions Regulator (TPR) has laid its General Code of Practice (the General Code) in Parliament on 10 January 2024, some three years since the first draft was revealed for consultation in March
More about TPR’s general code of practice – A new year for trustee governance requirementsLimited Liability Partnerships (LLPs) have become a popular choice of business structure, offering the combined benefits of a traditional partnership but with limited liability. LLPs are particularly popular for firms providing professional services, such as, solicitors, accountants and consultants. They
More about “LLP limbo: When financial distress puts limited liability to the test”