Conyers advises Anchorstone Holdings in connection with its HK$120m IPO

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Dealing with the death of a sole director

By Matthew Brown Many BVI companies have only one director/shareholder. When that individual dies, the company can be left in a vulnerable position, especially if the company faces pending or contemplated court proceedings. Conyers’ Matthew Brown suggests ways of handling this difficult situation…

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By Robert J.D. Briant and Christopher W.H. Bickley The British Virgin Islands (“BVI”) Government has enacted a measure which exempts nationals of the People’s Republic of China from the need to apply for a visa to visit the BVI for up to six months for business or tourism purposes. The Order dated 5 July 2018 […]

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By Ben Hobden and Spencer Vickers On 18 June 2018, the long-running case of Al Sadik v Investcorp Bank BSC and ors reached its conclusion in the Privy Council. Investment managers will welcome the Privy Council’s dismissal of the appeal by Mr Al Sadik. The Privy Council found that the Cayman Islands Court of Appeal and […]

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A company may be licensed as a Class 2 insurer if it is owned by two or more unrelated persons and intends to carry on insurance business at least 80% of which consists of insuring the risks of those persons and their affiliates. A Class 2 insurer may also write business which is not a […]

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Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Macfarlanes profits rocket by a quarter to hit record high

Macfarlanes has reported the highest average profit per equity partner (PEP) figure of any UK firm this year, posting a 26 per cent increase to £1.74m. The double-digit increase puts the firm’s PEP just above that of Freshfields Bruckhaus Deringer, which last week reported a 5 per cent rise to £1.73m. It is likely that […]

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