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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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Credit Lyonnais Securities Asia

Norton Rose scoops Credit Lyonnais HK work thanks to Suez Asia Holdings Norton Rose has muscled in on its first deal for Credit Lyonnais Securities Asia (CLSA), advising as lead manager on the HK$1.4bn (£107.5m) IPO of Ports Design. Although Norton Rose has strong ties with Credit Lyonnais in Paris, it has not previously received […]

Lack of court resources undermines Woolf reforms

A lack of court resources was hindering access to justice, according to a survey of solicitors published last week. Nearly four out of 10 solicitors responding to a Law Society survey said that inefficient administration in court offices made an appreciable impact on their clients’ cases. This year’s Woolf Questionnaire, dealing with the impact of […]

Lord Justice Sedley: courts are ‘rabbits in the headlights of the press’

Catherine Zeta-Jones famously laughed off the 1m GBP OK! Magazine paid for photos of her wedding to Michael Douglas as “not that much to us”, so one can only imagine how insignificant was the paltry 14,600 GBP damages they are to receive for the damage caused by the publication of unauthorised paparazzi pictures of their […]

Dorsey & Whitney fined $400,000 for ‘piling on’ claims

Dorsey & Whitney has been fined $400,000 by a Washington State judge, the Seatlle Post-Intelligencer reports. The Seattle firm had no good reason for eight of the 18 claims it filed in a prolonged business dipute on behalf of the EO of Holland America Cruise Lines, a King County Superior Court judge ruled. The fine […]

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Firm profile: CCL Solicitors

Criminal and defamation law may not be obvious bedfellows, but niche firm CCL Solicitors is doing very well out of its strengths in these apparently diverse areas. Launched in January 2001, CCL is the brainchild of two former Stephens Innocent solicitors, Louis Charalambous and Sarah Culshaw. Charalambous is the firm’s senior partner, while Culshaw has […]

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