Latest Briefings

Cayman Islands Court of Appeal re-examines master-feeder redemption procedures

Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]

Cayman Islands bank regulatory update – July 2020

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).

Three cases on contempt of court and what they mean for commercial fraud litigation

By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]

Challenges faced by banks and the financial implications of lockdown

Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.

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Lack of the Irish

Without clear legislation, Ireland’s gambling industry is not as developed as it might be. But the time for change is now, claims Deirdre Kilroy In Ireland having a wager on a horse or a greyhound is part of a long social tradition – so one would wonder why the gambling fraternity has not also sought […]

LUL reshuffles for contract review

London Underground Limited (LUL) has promoted head of legal Sarah Atkins to director of reviews in preparation for its PPP contract review, which is slated for 2010. Atkins will lead the review, which the company undertakes every six or seven years to examine all PPP contracts and to identify what LUL should be procuring and […]

SJ Berwin confirms exclusive BPP tie-up

All of SJ Berwin‘s future trainees will study for the LPC at BPP Law School as part of an exclusive relationship formed just a week after the school was given degree-awarding powers. As reported on www.the lawyer.com (24 September), BPP has become the first private sector company eligible to hand out degrees after the Privy […]

Power shower

Paul Wilson, the chief executive of Brummie law firm Shakespeare Putsman, is obviously making his mark back home in the Midlands after a less-than-stellar time in the Thames Valley with Olswang. The architect behind the rise and rise of Birmingham set St Philips (prior to his Olswang sojourn) has been named in The Birmingham Post’s […]

Pillsbury left reeling as City corporate ace joins TwoBirds

US firm Pillsbury Winthrop Shaw Pittman has been left with just one full-time partner in its London office after a raid by Bird & Bird. The UK firm has hired corporate partner Simon Fielder, who has a practice focused on AIM and corporate work for clients in the technology industry. Fielder said: “I was really […]

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