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Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

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Shoosmiths dishes out four weeks’ pay “thank you” bonus

Shoosmiths is handing employees a 7.7 per cent “thank you” bonus and has paid back money it received through the Government’s furlough scheme. The bonus is equivalent to four weeks’ of employees’ annual wage and will be paid at the end of May. November 2020 and Feb 2021 quarterly dividends were paid to partners at […]

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Omers hires HSF lawyer for in-house role

Asset manager Omers Infrastructure has appointed a new director for legal in its London base, almost a year after the exit of former head John Guccione to Latham & Watkins. The company has brought in Marly Ohlsson, who was previously a senior associate at Herbert Smith Freehills. She will work with Abigail Farrelly, another director […]

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Sidley pays out $1,000 stipend to staff

Sidley Austin is handing employees a $1,000 stipend, The Lawyer understands, having asked staff to cover the expenses of their remote working set-up. The $1,000 is not understood to be a bonus. Sources told The Lawyer that employees had been expected to pay for additional equipment themselves throughout lockdown, such as monitors, keyboards and desk chairs. […]

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Clydes hires 10-strong team in latest US expansion

Clyde & Co is to open three new offices across the South West region of the United States, spearheaded by a 10-strong team. The firm will expand into Phoenix (Arizona), Denver (Colorado) and Las Vegas (Nevada). The three offices will be led by newly-hired insurance partner Amy Samberg and her team, with all of them […]

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Osborne Clarke and RPC unveil 2021 partner promos

Osborne Clarke and RPC are the latest UK firms to have announced their latest partner promotions. Osborne Clarke has elevated seven of its UK lawyers to the partnership, a slightly bigger round than last year’s. The promotions were made across sectors such as tech, media and comms, energy and utilities and financial services. Of the […]

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