Related briefings

Substratum – What is it and do I need to worry about it?

There has been debate between legal academics and trust practitioners about whether a power holder is prohibited from exercising powers of addition or exclusion of beneficiaries, or other analogous powers, when the proposed change is so significant that it has the effect of changing the basic purpose, or ‘substratum’ of the trust. That is to say, the exercise of trust powers would result in an outcome closer to a fundamental change to the purpose of the trust itself than a simple variation, or addition or exclusion of beneficiaries.

Snapshot: witnessing Powers of Attorney via electronic means in Jersey

Powers of Attorney (PoA) are commonly used in private equity transactions due to the operational efficiencies they can create. In the funds context, one such operational efficiency is often realised in the subscription agreement further to which a PoA is typically granted by each investor in favour of the general partner (or any other nominated party).

How is private wealth approaching impact?

Our people and planet face serious challenges from the developing climate crisis, natural disasters and rising inequality. No corner of earth is immune from the consequences. But we are far from powerless in the face of these global threats – this is a race we can win.

Snapshot: distributions under BVI law

BVI business companies are one of the most commonly used offshore vehicles and our expert team frequently advises on distributions by BVI companies. In this snapshot, counsel Marie-Claire Fudge addresses a number of the most common questions asked about distributions.

When is it appropriate to seek ex parte relief in the Cayman Islands?

In Cathay Capital Holdings III, LP v Osiris International Cayman Limited, the Grand Court set out a helpful reminder of the circumstances in which it is appropriate to seek relief on an ex parte basis (ie without notice to the party against whom the relief is sought).

Latest Briefings

Incentivising staff in a green economy: green benefits

Environmental, social and governance factors (ESG) alongside sustainability are hot topics in business right now. Employees are increasingly scrutinising what employers are doing to promote sustainability, not least in the benefits they offer.

How does the UK PPA market need to innovate?

In this podcast, Gowling joins leading global infrastructure and renewables market analysts Inspiratia to discuss innovation in the UK power purchase agreement (PPA) market, and whether the prices we see today are transitionary and if so, how PPAs can make such prices sustainable and meet the ever-changing needs of both offtakers and sellers.

International investment on the value UK cities

After a challenging year, UK cities are gaining foreign investment and developing their presence on the global stage. How has the pandemic, COP-26 and officially leaving the EU impacted the value of investment in the UK from a global standpoint?

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Monica Risam

Covering the bases: Monica Risam, Aviva

Monica Risam, general counsel for the European arm of insurance giant Aviva, is aiming to create a unified legal panel across the continent, says Katy Dowell  When she was appointed group general counsel at insurance giant Aviva Kirsty Cooper was determined to bring about change aimed at binding the global legal function together. A […]

High Court judge sides with Stewarts in Azima dispute

Stewarts has successfully won a fraud case against airline operator Farhad Azima, after he was ordered to pay over $4m by a UK judge. Instructed by the investment authority of Middle Eastern emirate Ras Al Khaimah (RAKIA), Stewarts had brought a series of fraud and conspiracy claims against Azima. The case, which featured in The […]

Deloitte Legal lures Luminance CEO in bid for NewLaw talent

Deloitte Legal has hired Luminance chief executive officer Emily Foges to lead its managed services business. Foges will take on the leadership function in June, concluding a four-year stint as CEO of the artificial intelligence company. As part of her role, she will concoct a string of new services that will combine managed services capabilities […]

London skyline

Kirkland alumni club: Willkie secures double-partner hire in London

Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]

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