Latest Briefings

Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

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Norton Rose

Norton Rose Fulbright LLPs reveal Covid-19 credit facility

Norton Rose Fulbright (NRF) significantly increased its loan facilities in response to the first wave of Covid-19, its LLPs have revealed, upping its credit facility from £29m to £111m in spring. From that renewed figure, the firm utilised £61m to deal with the uncertainty then posed by the pandemic, while the remaining £50m was not […]

Quinn Emanuel snags Simmons’ UK disputes chief

Quinn Emanuel Urquhart & Sullivan has recruited Simmons & Simmons’ UK head of dispute resolution, in the US firm’s first lateral hire of 2021. Paul Baker joins Quinn’s London office, bringing expertise in financial disputes and investigations. Other leadership roles have seen Baker lead Simmons’ London contentious asset group and reputation management practice. Prior to […]

BHP Billiton

Slaughters’ £16m costs bill assessed in latest BHP ruling

Costs have been awarded to Slaughter and May in the high-profile Fundão dam dispute, though the firm’s initial bill for its defence of BHP Billiton has been reduced by the judge. Last year, Mr Justice Turner struck out a claim against Slaughters’ client BHP stating that it was a “clear abuse of process”. The case concerned […]

Reading map UK

Osborne Clarke adds VC heft with six-strong team hire

Osborne Clarke has hired a team led by two partners in its London corporate practice, bringing in specialists from Penningtons Manches Cooper. The firm has attracted venture capital partners Rob Hayes and Justin Starling, who focus on deals happening in the tech and life sciences sphere. They will join the firm’s Reading office alongside a […]

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