Financings

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Latest Briefings

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grant freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Recommended

Firm may sue tabloid over drugs claim

THE UK’s largest law firm Clifford Chance is considering taking legal action against The News The World over a story alleging a solicitor had been arrested for possession of cocaine after a police raid on the firm’s London offices. The story, which appeared in 24 March edition of the tabloid newspaper, has been described by […]

Firm joins ranks of mediators

LONDON law firm Anthony Goldman has started offering mediation services to its clients in the run up to the introduction of the Family Law Bill. The practice, which has recently appointed family law solicitor and qualified mediator Kim Beatson as a partner in its family law team, rejects the idea that mediation will see the […]

Financings

Ashurt Morris Crisp advised Critchley Group in a rights issue to raise £11.4 million net of expenses. Ashursts also acted for Hoare Govett Corporate Finance on its private placing of shares in Bioglan Pharma for a total subscription price of £10 million. Norton Rose acted for Bioglan Pharma.

Arbitration bill. 21st Century arbitration

A new Arbitration Bill is presently before Parliament and will hopefully become law during 1996. Not only does the Bill consolidate all previous relevant legislation – the Arbitration Acts of 1950, 1975 and 1979 – but also strengthens the powers of arbitrators. These increased powers should enable arbitrators to force the pace of arbitration without […]

In brief: Collyer-Bristow adds to matrimonial dept

London firm Collyer-Bristow has invited Alan Marco, head of matrimony at nearby firm Baileys Shaw & Gillett’s, to join its own matrimonial department. Marco will join the firm this week as a partner. He has 30 years legal experience and also sits as a deputy district judge at the Principal Registry at Somerset House.

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