Clifford Chance and Freshfields guide Cinven’s Partnership IPO

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Luxembourg: Effect of the insurance distribution directive on the life insurance industry

Directive (EU) 2016/97 on Insurance Distribution of 20 January 2016 (“IDD” or “the Directive”) harmonises national provisions concerning the distribution of insurance and reinsurance products and insurance-based investment products (“IBIPs”) by insurance intermediaries, insurance companies, their employees, and ancillary insurance intermediaries in the European Union. The objective of the present article is not to summarize […]

GDPR: priorities for Jersey and Guernsey funds and service providers

Data protection and privacy laws will be reformed across Europe when Regulation (EU) 2016/679, commonly known as the General Data Protection Regulation (GDPR), comes into force on 25 May 2018. The GDPR builds on existing legislation and seeks to harmonise and enhance data protection and privacy laws across the EU. It also introduces significant fines […]

Guernsey: Accessing services that cross a neighbour’s land

By Piers Dereham Virtually all properties these days are linked to a complex network of services, such as the island electricity grid, the water network, drains, gas and telecommunications, and in many cases, the services that reach your house cross neighbouring private land. How can you be sure that your neighbour cannot prevent your continued […]

Channel Islands: Two different approaches to Hastings-Bass

The rule in Hastings-­Bass gives the court discretion to set aside an exercise of power if a trustee failed to take into account relevant considerations when exercising the power, or took into account considerations which should properly have been disregarded. This rule has been at the forefront of Guernsey jurisprudence in recent months due to […]

Planning permission on Guernsey home

The starting position is that all development requires planning permission. In a domestic context, works that are classed as a development include things like the erection of walls, fences, porches and house extensions, making alterations to an existing house, the demolition of the whole or part of a building, altering a hedge or earth­bank, laying […]

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Civil partnerships: a thing of the past?

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Letting standards slip: Hotel owners cannot enforce brand standards

By Edward John An appeal judge refused to grant a hotel owner an order for specific performance requiring the tenant to maintain active trade and keep and run premises in accordance with brand standards. In Zinc Cobham 1 Ltd and ors v Adda Hotels, Zinc Hotels failed in its attempt to force Adda Hotels and […]

Bulgaria to introduce derogations from the EU General Data Protection Regulation

The Bulgarian government has announced a set of specific requirements relating to the processing of personal data that it plans to introduce to national legislation in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such […]

Glencore awarded anti-suit injunction in DRC

In Kamoto Copper Company SA v Africa Horizons Investments Ltd and Ventora Development SASU [2018] EWHC 1086 (Comm) , Mr Justice Males ordered an anti-suit injunction against the defendant companies on the claimant’s application after the second defendant commenced proceedings in the DRC claiming US$2.857bn in relation to the alleged assignment of a royalties agreement…

Looming deadlines in the Cayman Islands: Are you in compliance?

By Craig T. Fulton, Ruth Hatt and Maree Martin As a reminder, we have recently issued a variety of updates and alerts highlighting some of the key regulatory changes here in the Cayman Islands. A number of these regulatory updates have significant penalties for non-compliance and the compliance deadlines are fast approaching. If you haven’t […]

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In the good old days of financial services applications in the Dubai International Financial Centre (DIFC), a category-three financial services licence covered a multiplicity of financial services and it would have been irresponsible of any adviser to suggest that a financial services company should not apply for as many services as it could reasonably justify. […]

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Irwin Mitchell closes in on £200m turnover

Irwin Mitchell’s legal practice is closing in on the £200m revenue mark, with the firm’s commercial business generating revenues of £40m over the last financial year. The firm has restructured in recent years to reflect the fact it has ABS licences that cover legal and non-legal businesses (20 August 2012). At the 2011/12 year end […]

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