Tag: Commercial law

News and Deals

PARSLOWS RECOGNISED BY LEGAL 500

PARSLOWS RECOGNISED BY LEGAL 500 

Parslows and a number of its lawyers both in Jersey and England & Wales have been recognised by the Legal 500 in its annual ranking, which is an independent worldwide guide to the best performing law firms.

The Legal 500’s rankings are based on feedback from clients worldwide, submissions from law firms and private practice lawyers, and a team of researchers.

Parslows market profile has grown impressively over the last six years, with the number of fee earners increasing five fold over that period. It now boasts a truly full service offering, having established client relationships which confirm that it “punches above its weight” among its Jersey competitors

Parslows group, which is made up of Parslows Jersey, Parslows International, Parslows Executors and Parslows Notaries, has been ranked in the following practice areas:

  • Corporate & Commercial
  • Private Client, Trusts and Tax
  • Employment law
  • Commercial Property

Some of the commentary published in the Legal 500 Guide regarding Parslows and its lawyers includes:

  • Young firm Parslows is ‘on par with many of the larger firms in terms of breadth of experience and responsiveness’ and ‘excellent across all areas of law’, according to one client.
  • Outfits such as Parslows …  continue to carve a space for themselves in the well-served jurisdiction.
  • In Jersey, the ‘very responsive’ Mason Birbeck combines ‘great technical knowledge with the ability to relay complex information in clear language’. 
  • David Hill leads the team from London and is also highly recommended by clients.
  • The ‘highly regarded’ Mason Birbeck heads the trusts and private wealth department at Parslows, which is valued for being ‘highly responsive in all areas’ and, according to one client, ‘more attentive than its competitors’.
  • The ‘excellent, very responsive and readily available’ commercial property team at Parslows is headed by the highly recommended Carl Parslow.

Commenting on Parslows’ listing David Hill, who runs Parslows’ London office said: “It is an honour to be recognised in the Legal 500, the publication which provides the most comprehensive worldwide coverage on recommended law firms and lawyers. Parslows is in an exceptionally strong position to offer cost effective, highly professional legal services in both Jersey and the United Kingdom. Our aim has always been to make ourselves accessible and affordable without compromising on either our service levels or degree of expertise.”

Ends.

Media Contact:

Parslows Jersey

Tel: 01534 630530

Email: enquiries@parslowsjersey.com

News and Deals

Parslows assists on the sale of ALX Training to BDO/C5

ALX Training

BDO/C5 acquire ALX Training

Parslows is pleased to announce that it has acted for Alex Morel on the disposal of ALX Training to the technology business C5 Alliance.

The purchase follows the acquisition of C5 by BDO in Jersey earlier this year.

ALX’s training expertise covers technology-focused workplace skills, including software and application learning, and ALX will provide training solutions to support the new technologies C5 has implemented for clients.

ALX Training employs six staff and was founded in 2009 by Alex Morel, until now the firm’s Managing Director.

Post-acquisition, Alex will be Director of ALX Training and C5 has said it will be working with Alex to increase the team size and client offering.

David Hill, Head of Corporate at Parslows International, said: “we are delighted to have advised Alex on the successful disposal of ALX Training and look forward to seeing ALX Training succeed and grow as part of the BDO/C5 group”.

Alex Morel said “being part of a larger group will enable us to better serve our growing client base. I will be able to focus more of my attention on our clients’ needs, expanding our range of courses and developing our eLearning arm. It is a very exciting next step for us.”

Services


Media Contact – Parslows International:

Sally Chinn
Parslows International
Tel: 01534 630530
Email: sally.chinn@parslowsjersey.com
https://parslowsinternational.com

 

Commercial Law

UK Modern Slavery Legislation | Commercial Law | Parslows International

UK modern slavery legislation – what impact for Jersey?

In the context of Jersey’s financial services industry, the risk of modern slavery occurring in the operations of financial institutions is generally considered low, mainly because of the use of a skilled, professional workforce. However, all financial institutions have supply chains, which carry some risk.

Modern slavery Parslows Jersey

As an officer of a commercial organisation carrying on business in the UK which has Jersey suppliers, or a Jersey based business supplying UK customers/clients, you likely view the supply chain to be straightforward and therefore the vulnerability to modern slavery within it to be low.

Granted, that is very likely to be the case.  However, the introduction of the Modern Slavery Act 2015 into UK law has nevertheless placed an obligation on larger commercial organisations, wherever incorporated or headquartered, that operate in the UK to disclose the steps they have taken to ensure there is no slavery or human trafficking either in their own businesses or their supply chains.

Legislation Impact

The legislation’s impact is therefore potentially equally relevant to overseas suppliers of goods or services into the UK (small or large), as it is to those organisations operating in the UK themselves.

The UK legislation targets organisations with a global turnover of £36 million or more, and the obligations placed upon them include the production of a slavery and human trafficking statement every financial year.  This statement identifies the steps the organisation has taken during the financial year to ensure that slavery and human trafficking is not taking place in any of its supply chains, and in any part of its own business.

Guidance issued by the U.K.’s Secretary of State identifies that in order for businesses to produce an effective statement, they will need to have a good understanding of their own supply chains in order to define the boundaries of the report and to support the identification of risk.

Requests for CSR Related Information

Suppliers of goods and services can therefore expect, at the very least, a number of requests for CSR related information.  Their customers may however go further, and want this placed on a contractual footing.  It is increasingly common for supply agreements to regulate the actions of suppliers and sub-suppliers, including provisions giving the customer rights to information (including the obligation for suppliers / sub-suppliers to respond to audit and due diligence enquiries) and warranties and undertakings as to compliance with the Act and other applicable anti-slavery and human trafficking laws and regulations.  This in turn raises the prospect of ensuring appropriate insurance is in place to cover these risks.

All financial institutions have supply chains, which carry some risk

In the context of Jersey’s financial services industry, the risk of modern slavery occurring in the operations of financial institutions is generally considered low, mainly because of the use of a skilled, professional workforce. However, all financial institutions have supply chains, which carry some risk.

Outsourcing of business processes, often to overseas service providers, has become common among financial services businesses globally, to an extent driven by wage differentials and a desire for cost savings.  In addition, IT, communications and technology services, purchase of office supplies (including IT hardware and consumables), property and operational services (e.g. facilities management, security, cleaning), and marketing, print and promotional goods are all areas identified as potentially presenting an exposure to modern slavery risk for the sector.

This begs the question as to whether the fight to combat modern slavery and human trafficking will eventually become an intrinsic aspect of conducting financial services businesses, in the same way that AML/CFT compliance and related reporting obligations have become.

The UK was among the first countries in the world to adopt laws aimed at combating modern slavery and human trafficking, but the global momentum to end slavery by 2030 is increasing (Australia, for example, is expected to table proposed legislation early in 2018).

Some observers point to a natural synergy between, on the one hand, regulatory and reporting based measures to combat modern slavery, and, on the other, existing AML/CFT compliance and related cross-border reporting obligations which have been embedded within the regulated financial services sector for a number of years.

NGOs have heralded the use of technology in the future fight against slavery, human trade and also digitally based exploitation, such as cyber trafficking.  They cite the use of reporting obligations (e.g. at a basic level, mandatory registration of work placement agencies in high risk jurisdictions) and systematic data and information platforms, with algorithms to recognise irregularities, which can be shared by law enforcement and NGOs internationally.  These platforms, they say, can in turn populate systems for profiling traffickers and smugglers, enabling the creation of typology reports of the mechanisms and approaches used, which can then be fed back to financial services institutions to enhance their existing AML client due diligence processes.

Jersey’s Position

Jersey is recognised for its mature and sophisticated regime for tackling money laundering and the financing of terrorism.  It has also shown itself to be at the forefront of innovation in the regtech space, being one of the first jurisdictions to adopt a regulatory regime for virtual currency, and having also developed digital tools to facilitate the automatic transfer of beneficial ownership information to assist regulated businesses satisfy international reporting obligations.

With that expertise and experience in applying technological solutions to meet regulatory and compliance requirements, it could be that Jersey also finds a place on the frontline for developing tools to combat slavery, human trade and cyber trafficking.

Our lawyers have experience of advising on the Modern Slavery Act 2015 and, in particular, its application in supplier contracts so please don’t hesitate to contact us if you have any queries or require advice on this area.

 


Main Contact | Mason Birbeck

 


Please note that the information provided on this website is for general information purposes only and is designed to provide you with an outline of the legal services or opinions we offer.  Whilst we endeavour to ensure our information is correct and useful, we make no representations or warranties regarding the accuracy or completeness of the information offered.  Information on our website does not constitute legal advice and Parslows International accepts no liability for any loss or damage arising out of, or in connection with, the information found in this website.  Please consult a lawyer in the event that you require professional assurance that our information, and your interpretation of the same, is correct.
News and Deals

Jersey Post, has been shortlisted for two awards at the World Post & Parcel Awards | Parslows International

Jersey Post | Parslows International

Parslows International are pleased to report that their client, Jersey Post, has been shortlisted for two awards at the World Post & Parcel Awards

Jersey Post has been shortlisted in the Customer Service and Technology categories at the 2018 finals, with recognition for their development of an automated parcel management solution.  The solution has improved first time delivery rates and has introduced alternative delivery services with the installation of an automated parcel sorting machine.  The automated parcel sorting machine is linked to the handheld terminals and tracking software used by postal workers on their delivery rounds.

This is a more cost-effective system that reduces the need for government subsidy in the long-term.

Jersey Post’s Director of ICT, Paul Marett, says: – “Most parcels received by islanders are the product of internet shopping and everyone in the purchase chain, including Jersey Post, have similar requirements –quick, seamless and hassle-free delivery. Thanks to the parcel automation project, our success with first- time delivery KPIs has improved enormously to the benefit of all stakeholders. Naturally, we are thrilled that our hard work with this project to introduce an automated parcel sorting machine has been recognised at such a high level within our industry.”

The Customer Service and Technology 2018 finals will be held on 12th June at the Royal Lancaster Hotel in London, at which time the award winners will be announced.

Services


Media Contact – Parslows International:

Sally Chinn
Parslows International
Tel: 01534 630530
Email: sally.chinn@parslowsjersey.com
https://parslowsinternational.com

 

Media Contact – Jersey Post Group

David McGrath
Jersey Post Group – Head of Marketing
Tel: 01534 616621
Email: David.McGrath@jerseypost.com
www.jerseypost.com

 

General

Parslows International lawyers

Overview

Parslows International lawyers | 020 3793 0345

Parslows International lawyers provide boutique internationally focused Trust, Corporate and Commercial law offering.  Our clients benefit from expertise and practical experience across the three jurisdictions of England, Ireland and Jersey, and our ethos is to ensure that the lead lawyer remains the principal client contact in all transactions, maintaining a hands-on role from commencement to completion.

Parslows market profile has grown impressively over the last six years, with the number of fee earners increasing fivefold over that period.  It now boasts a truly full service offering, having established client relationships which confirm it “punches above its weight” among its Jersey competitors.

The team

Parslows International lawyers are all lawyers with at least 15+ PQE with partner / senior level experience, qualified in English, Irish and/or Jersey law.

David Hill heads up Parslows International in London.

David, formerly a corporate & commercial partner at Howard Kennedy, and then Managing Partner and Head of Corporate at Burlingtons Legal, has a strong background in corporate and M&A work and has enabled the firm to strengthen and extend its relationships with clients and intermediaries, both in the UK and internationally, and to offer English law and cross-border transaction services.

Mason Birbeck heads up Parslows International in Jersey.

Mason, a Jersey Advocate, formerly a partner and head of fiduciary at Collas Crill, and before that at Bedell Cristin, brings considerable expertise to Trust, Foundation and Private client work together with corporate and commercial law, finance, pensions and employee incentive plans.

Alexis Colfer and Jennie Harrison have recently joined the Parslows International team in London.

Alexis practices both Irish law and English law, and, having worked in-house for multinationals and with over 20 years’ experience, has a strong commercial and business law practice.

Jennie is English law qualified and has over 15 years’ experience.  She was lead lawyer to Tesco’s Commercial Grocery Business and before that she headed the Company Commercial department at Debenhams Ottoway.

Notable transactions

Parslows International lawyers have been working closely with the Jersey Post group on the development of their international business. As well as advising on their investment into Parcel Monkey, a UK based parcel delivery service enabler and on two other UK acquisitions, Parslows International have also assisted in various other jurisdictions, with advice on acquisitions and investments in Miami, Estonia and Hong Kong.

The private client team have also had a busy year so far, ranging from establishment of a dynastic trust for an African based family, to the restructuring of a multi-jurisdictional trust and corporate structure. Moreover, the team was recently engaged by one of Jersey’s biggest retail businesses to advise on its transition of employees’ benefits from a defined benefit to a retirement annuity trust based scheme

Going forward

With the recent recruitment of new English and Irish lawyers and further growth plans, Parslows International looks forward to continuing to provide clients with quality, experienced and commercial legal advice, particularly in the English, Irish and Jersey jurisdictions, together with seamless cross-border services.

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News and Deals

Parslows International team advises Global outsourcing and support solutions firm

advised a Global outsourcing and support solutions | Parslows InternationalGlobal outsourcing and support solutions firm | advice

Parslows International Commercial team members have advised a Global outsourcing and support solutions firm in relation to the establishment of its offering to Jersey financial services firms / providers.

The legal services provided included:

  • outsourcing terms, dealing with matters such as implementation of a risk management framework, service charge and change control mechanisms, IP rights, third party contracts and data transfer and protection.
  • analysis of the Jersey regulatory requirements for outsourcing, related AML / CFT compliance and Jersey data protection law

“This transaction demonstrates the strength that we as a firm can bring to firms that span a range of jurisdictions. It is an excellent example of Parslows International depth of legal expertise both inside and outside of Jersey” Mason Birbeck

If you require any further information, advice or assistance please contact Mason Birbeck on mason.birbeck@parslowsinternational.com

Commercial Law


Media Contact:

Sally Chinn
Parslows International
Tel: 01534 630530
Email: sally.chinn@parslowsjersey.com
https://parslowsinternational.com


Notes to Editors

Parslows International:

Parslows International is a niche law firm headquartered in Jersey, Channel Islands. It  provides specialist legal advice in Corporate law, Commercial law, Private Client and Trust work and Commercial property.  It has particular expertise that it can call on in cross-border, M&A and international transactions.

Parslows International lawyers have advised and assisted on transactions in many parts of the world including Australia, China, Dubai, much of the EU, Hong Kong, India, Kazakhstan, the United Kingdom, USA, the Republic of Ireland, Russia and Singapore.