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.


royal courts of justice

Haigh dispute: Gibson Dunn replaced by Bryan Cave for GFH Capital

Gibson Dunn & Crutcher has come off the record for GFH Capital on its long running dispute with former general counsel David Haigh. Gibson Dunn partner Philip Rocher has been replaced by Bryan Cave partner Robert Dougans, who will now represent the private equity house on its multiple high-profile disputes. The decision comes just weeks […]

Ex-Gibson Dunn partner Gray awarded £100k costs in David Haigh “human trafficking” claim

Former Gibson Dunn & Crutcher partner Peter Gray has been awarded costs of £108,000 following a private prosecution launched by ex-GFH Capital general counsel David Haigh. Haigh instructed Stephenson Harwood to bring a case against Gray and his former employers GFH Capital executives Hisham Al Rayes and Jinesh Patel, alleging the trio engaged in “human trafficking” […]

Ex-GFH Capital GC Haigh sentenced to two years in jail in Dubai

Ex-Leeds United chief and GFH Capital general counsel David Haigh has been found guilty of embezzlement and breach of trust in Dubai and sentenced to two years’ imprisonment. Haigh’s sentence includes time served and he will be released in November, having spent 13 months in prison in Dubai before he was officially charged in June. […]


Elite European firms predict digitisation and recovery for 2020

Leading European firms have hailed digitisation as the next step forward for the profession on the Continent. Speaking in a series of video interviews as part of the release of The Lawyer European 100, managing partners from top firms in Germany, Ireland and Sweden have expressed optimism for 2020 and 2021, despite the pandemic. Luther […]

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