Related briefings

Hackers steal 1.2 billion passwords — four steps to take now

By Aravind Swaminathan and Tara McGraw Swaminatha The New York Times recently reported that an organised Russian criminal group stole approximately 1.2 billion username and password credentials associated with more than 500 million email addresses from hundreds of thousands of websites around the world. The article notes that the hackers used a large botnet (a […]

Follow-the-settlements clauses revisited

In autumn 2011, Thailand suffered severe floods. Among the properties damaged were shops and distribution centres owed by a subsidiary of Tesco. Tesco was insured against property damage and BI losses in Thailand under a master global policy issued by ACE European Group and under a local policy issued in Thailand by ACE INA. The […]

IRS implements sweeping changes to Circular 230: key points for practitioners

By Diana L Erbsen and Michael J Scarduzio Final Circular 230 regulations issued by the Internal Revenue Service (IRS) on 9 June are now in effect, implementing sweeping changes to the governing practice standards for attorneys and other practitioners practising before the IRS. In large part, the IRS has adopted the proposed regulations (REG-138367-06) published on 17 […]

Joining AIM: a field guide for applicants to AIM, a market of the London Stock Exchange

AIM, a market of the London Stock Exchange, is the world’s premier market for smaller growing companies. AIM serves as a mechanism for companies seeking access to capital to realise their growth and innovation potential. It plays a vital role in the funding environment for small and medium-sized enterprises as they develop their businesses. Since […]

Latest Briefings

Cayman Islands Court of Appeal re-examines master-feeder redemption procedures

Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]

Cayman Islands bank regulatory update – July 2020

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).

Three cases on contempt of court and what they mean for commercial fraud litigation

By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]

Challenges faced by banks and the financial implications of lockdown

Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.

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Coronavirus: Taylor Wessing faces second case in Frankfurt

Taylor Wessing is facing a second COVID-19 case across its offices, just days after it closed temporarily its London HQ after one of its employees tested positive. The Lawyer understands that another positive case has been identified in its Frankfurt building, which also houses a number of other legal and financial services businesses. The employee […]

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Coronavirus: Simmons City office to close for one day next week

Simmons & Simmons is set to close its London office on Monday as the firm takes precautionary steps in light of coronavirus. The firm’s City staff have been told to work from home on Monday, just days after the virus – which started in Wuhan, China – was declared a global pandemic by the World […]

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A message to our subscribers: how The Lawyer will be reporting the pandemic

Events are moving fast. Two weeks ago we were reporting that law firms in the Milan area were forbidding employees from taking public transport; now a whole country is on lockdown. In the City, some firms have closed their buildings; other firms are trialling mass experiments in working from home. Given these fraught and extraordinary […]

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Hammerson hires Debenhams GC amid retail uncertainty

Hammerson has appointed Debenhams’ former general counsel as its new legal chief. Alice Darwall will join the FTSE 100 shopping centre and outlets owner this month as GC and company secretary, following the departure of Sarah Booth. Darwall moves across from Debenhams, where she had been acting as interim GC and company secretary from April […]

Kevin Gold

Mishcon’s Gold ends 23-year managing partner stint

Mishcon de Reya’s Kevin Gold is preparing to hand over the reins as sole managing partner of the firm after 23 years in the top job, The Lawyer can reveal, with the introduction of an executive chairperson role aimed at developing the firm’s international strategy and non-law businesses. The firm says the move is a […]

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