Latest Briefings

Channel Islands employment law update – July 2020

Jersey Tribunal rules HR advisers not protected by legal privilege The Jersey Employment Tribunal (the Tribunal) in David Slater v Consolidated Minerals[1] sought to consider an interesting question concerning discovery: whether HR consultants are protected by legal advice privilege, given their status as non-legally qualified advisers. In the context of a constructive unfair dismissal claim, […]

Borrowers experience speed bump in road to compliance – expanded scope of Cayman private funds law

By now most fund finance professionals would likely choose an afternoon in the dentist’s chair over a discussion about the Cayman Islands Private Funds Law, 2020. Borrowers unfortunately experienced a speed bump in the road to compliance this week with the introduction by the Cayman Islands Government of an amendment to the PF Law which significantly increases the number of entities which will need to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.

What are the benefits of employee engagement?

By Chris Shenton Reading Time: 5 minutes Employee engagement is the central topic here at Weekly10. Whether we’re talking about the latest employee engagement strategies, how to improve employee engagement or simply what exactly employee engagement is, it’s fair to say it is always a focus for us. Yet, we still often get asked the […]

BVI economic substance requirements 2020 update

The framework that the British Virgin Islands (“BVI”) government has created to enable BVI ‘legal entities’ to report prescribed economic substance information’ is now operational. New reporting and (in some cases) economic substance requirements now apply for BVI ‘legal entities’ that conduct certain defined ‘relevant activities’ under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Rules on Economic Substance (together the “Economic Substance regime”).

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Flotations

SJ Berwin acted for Intermedia Film Equities on the flotation of its parent company IM Internationalmedia on the Frankfurt Neuer Markt. The firm also advised on the associated placing to raise euro180m (£113m). SJ Berwin commercial media partner Tim Johnson and corporate finance partners Peter Anderson and Detlef Rüskamp led a team of four on […]

Weil away the hours

Weil Gotshal & Manges is not planning to increase individual targets to 1,700 billable hours per year (“US firms retaliate in war for London’s top lawyers… as they try to match UK billable hours,” The Lawyer, 5 June). While we did substantially increase our lawyers’ remuneration in March (starting at £50,000 for newly qualified lawyers), […]

Retail

The retail sector is under attack from escalating consumer demand for e-commerce. All major supermarkets and clothing outlets are having to head online, and even the largest players are facing up to new rivals, mergers, consolidation and takeovers. The largest deal of 1999 was Wal-Mart’s acquisition of Asda, which saw the US giant pay £6.7bn […]

Feddersens anti-trust team sets up own firm

Feddersen Laule Ewerwahn Scherzberg Finkelnburg Clemm’s entire anti-trust team is breaking away to set up its own practice. A team of 10 anti-trust lawyers including head of the team Josef Schulte, three senior partners, three partners and three associates have set up shop in Frankfurt. The firm is also losing three members of its M&A […]

Investment Banks

Investment banking appears to be the only sector where the in-house legal department does not have almost complete control over the selection of external lawyers. Bankers would rather use their own judgement and personal contacts when it comes to seeking legal advice, making beauty parades largely redundant. It also keeps investment banks closed off from […]

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