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Latest Briefings

Dispute resolution – Yes and no: how funders decide

By David Walker, Investment Manager (Solicitor) for Augusta Ventures According to Pythagoras: “The oldest, shortest words – ‘yes’ and ‘no’ – are those which require the most thought.” Litigation funders would wholeheartedly agree when deciding whether or not to fund a case. As the largest funder in the UK by volume of claims funded, Augusta […]

Bermuda introduces digital asset business amendment Act 2019

By Steven Rees Davies The Digital Asset Business Amendment Act 2019 (DABA Amendment ACT) became operative on 8 October 2019. The Amendment amends the Digital Asset Business Act 2018 that became operative on 10 September 2018 which regulates the digital asset sector in Bermuda. The Amendment replaces the existing definitions of “exchange”, “digital asset services vendor”, […]

The rules on economic substance in The British Virgin Islands

By Jeffrey Kirk On 9 October 2019, the ITA published the Rules on Economic Substance (Rules), which provide detailed explanations and interpretations of the legislative requirements of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ES Act).  The Rules closely follow the Draft ES Code that has been in circulation since April 2019. The […]

What are the key trends shaping the fund finance industry in Asia?

By Fiona Chan CAYMAN ISLANDS FUND VEHICLES IN ASIA The Cayman Islands continue to be one of the most popular offshore jurisdictions for the Asian finance industry. There are dozens of Chinese funds that manage USD1 billion or more and the Cayman Islands provide the international recognition that many of these managers are looking for. […]

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Monckton head appointed Public Law Commissioner

The Department for Constitutional Affairs (DCA) has appointed Monckton Chambers’ joint head Kenneth Parker QC as the new Public Law Commissioner. Parker will leave Monckton to take up his new role full-time. His former joint-head of chambers Paul Lasok QC becomes sole head of chambers. Parker’s tenure will last for five years, starting from 1 […]

Two Field Court head defects to Landmark Chambers

Civil set Two Field Court has been plunged into confusion by the imminent departure of its head of chambers Ashley Underwood QC to Landmark Chambers. Public law specialist Underwood will move to Landmark in February 2006, leaving Two Field Court with 33 members, including just one silk, employment specialist Lucy Theis QC. Underwood said his […]

Eversheds ramps up fraud team with SFO hire

Eversheds has scored a major coup for its fraud team with the hire of Serious Fraud Office (SFO) deputy director Peter Kiernan as a partner. Kiernan, who joins Eversheds in January, will work alongside fraud head Gerallt Owen, a recruit from Orchard Solicitors in August 2004. The hire is designed to complement the firm’s existing […]

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