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Latest Briefings

Dispute resolution – Yes and no: how funders decide

By David Walker, Investment Manager (Solicitor) for Augusta Ventures According to Pythagoras: “The oldest, shortest words – ‘yes’ and ‘no’ – are those which require the most thought.” Litigation funders would wholeheartedly agree when deciding whether or not to fund a case. As the largest funder in the UK by volume of claims funded, Augusta […]

Bermuda introduces digital asset business amendment Act 2019

By Steven Rees Davies The Digital Asset Business Amendment Act 2019 (DABA Amendment ACT) became operative on 8 October 2019. The Amendment amends the Digital Asset Business Act 2018 that became operative on 10 September 2018 which regulates the digital asset sector in Bermuda. The Amendment replaces the existing definitions of “exchange”, “digital asset services vendor”, […]

The rules on economic substance in The British Virgin Islands

By Jeffrey Kirk On 9 October 2019, the ITA published the Rules on Economic Substance (Rules), which provide detailed explanations and interpretations of the legislative requirements of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ES Act).  The Rules closely follow the Draft ES Code that has been in circulation since April 2019. The […]

What are the key trends shaping the fund finance industry in Asia?

By Fiona Chan CAYMAN ISLANDS FUND VEHICLES IN ASIA The Cayman Islands continue to be one of the most popular offshore jurisdictions for the Asian finance industry. There are dozens of Chinese funds that manage USD1 billion or more and the Cayman Islands provide the international recognition that many of these managers are looking for. […]

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The new Australian rules

Abigail Townsend reports on how the Australian legal market is being shaken by panel reviews and globalisation. As in any legal market in the world, the driving force behind the changing fortunes of Australia’s law firms are the clients. But unlike many other economic centres, the largest Australian companies are also demanding more and more […]

Panama Canal lawyer joins Akin Gump

US firm Akin Gump Strauss Hauer & Feld’s Washington DC office is taking on the outgoing deputy administrator of the Panama Canal Commission. Joseph Cornelison is joining the firm as senior counsel to advise clients on business opportunities in Latin America, with the emphasis on Panama. He will also advise on maritime law, infrastructure development, […]

Manhattan firms merge

The 65-lawyer firm Windels Marx Davies & Ives has teamed up with the 35-lawyer firm Lane & Mittendorf to form Windels Marx Lane & Mittendorf. The merger, which was finalised on 1 January, brings together firms with similar practices. Both focus on corporate, litigation and real estate law and handle a lot of international law. […]

McGrigors expands employment group

McGrigor Donald has poached Wright Johnston & MacKenzie’s Stuart Neilson to become a partner in the firm’s expanding employment unit. Neilson, who is now based in McGrigor Donald’s Glasgow office, specialises in all aspects of employment law. He has over 10 years experience in employment law, advising on dismissals, TUPE, reorganisation, change management and discrimination. […]

Thwaites to launch own set

Defamation silk Ronald Thwaites QC is quitting 10 King’s Bench Walk to launch a new chambers. Thwaites is planning to take the set’s senior clerk Chris Drury as chambers director and hopes to be joined by about 12 civil practitioners from his set and other chambers. Thwaites says: “I have come out to give notice […]

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