Cutting Silk

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Update on Bermuda private trust companies

Many offshore jurisdictions saw notable reforms in 2018. This article considers how recent changes to the regulation of financial services in Bermuda have affected private trust companies. These legislative amendments were made primarily to ensure that Bermuda’s legal framework remains up to date with international standards, which are aimed at maintaining the international financial system’s […]

The basics: How to wind up a corporate debtor

A company has outstanding debts and it seems they are struggling financially. What can you do to try and get your debts settled? Is applying to have the company wound up the answer? Here, we take a look at what you will need to consider before a decision is made and we take a look […]

Blowing hot and cold on the jurisdiction of an adjudicator

In the recent case of SKYMIST HOLDINGS LIMITED v GRANDLANE DEVELOPMENTS LIMITED [2018], the Technology and Construction Court (TCC), considered the principle of “approbation and reprobation” in “satellite litigation” over the jurisdiction of adjudicators. But is challenging the jurisdiction of an adjudicator worth the cost involved? We review the key points in the Skymist decision, and the TCC‘s […]

Is legislation pending on bankruptcy, pension plans and lenders?

Public consultations on enhancing retirement security led by the Ministry of Innovation, Science and Economic Development Canada closed in late 2018. Given the importance and complexity of the subject matter, the one-month consultation period offered by the government was curiously short. Given that 2019 is an election year, the quick completion of the process could […]

Apples to Oranges: how investigations differ from a litigation approach when implementing eDiscovery solutions

Competition matters, and investigations more generally, differ greatly in execution from the approach to eDiscovery taken in litigation.  Understanding the potential issues is paramount in developing an eDiscovery model that tackles the regulatory pressures faced by legal teams and their corporate clients. In the first article in this series we compare the different approaches and examine […]

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Scottish legal aid system breaches human rights

In a test case, Fort William Sheriff, Colin McKay ruled that two Mallaig fishermen could not receive a fair trial because the £500 cap on legal aid fees in Scotland limited their access to justice. The two defendants, who had denied a racially aggravated assault on a Spanish fisherman, were allowed to walk free, although […]

ICL Ireland sets up first in-house legal function

The Belfast office of PricewaterhouseCoopers has lost its director of corporate legal services to ICL. Raymond McGinley has joined the IT services company as senior legal adviser for Ireland. ICL managing director Brian Baird says he has been looking for internal legal advice for some time. “We’ve been moving the business towards e-commerce services, which […]

A&O sets up equity team for IPO work

Allen & Overy has responded to the boom in initial public offerings (IPOs) by setting up a dedicated equity capital markets group. The group, headed by Richard Cranfield, will comprise 10 partners, of whom two – Bart Capeci and Alex Cohen – are US-qualified, underlining Allen & Overy’s focus on dual listings on the New […]

Halliwells splits management as senior partner steps down

Halliwell Landau’s senior partner is stepping down after six years service to return to full-time fee-earning. Roger Lancaster is going back to running the Manchester firm’s planning department on a day-to-day basis, while the leadership of Halliwells will be split between two people. The former head of corporate Alec Craig has been elected to the […]

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