Latest Briefings

New legislative regime for virtual asset service providers

The Virtual Asset (Service Providers) Law, 2020 was gazetted on 25 May 2020 and will come into force upon issue of a commencement order in due course. The Law represents Cayman’s first legal framework for the registration, licensing and supervision of virtual asset service providers conducting business in the Cayman Islands.

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

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Lupton promotes non-lawyer to associate

Leeds firm Lupton Fawcett has promoted one of its former secretaries to associate, capping off an unconventional career path for marketing manager Jackie Parkhill. Parkhill joined the firm 10 years ago as a temporary secretary on a one-month contract. She returned as a permanent secretary, moving to the marketing team after 18 months. Parkhill is […]

Mining: a new lease of life

South Yorkshire’s traditional coal and steel industries are back in vogue, as the demand for energy increases and North Sea gas reaches its end. And local lawyers are reaping the rewards. Think of the South Yorkshire economy and the chances are that you will have in mind the traditional industries of coal and steel. It […]

WFW enters Athens for renewable energy push

Watson Farley & Williams (WFW) has launched an office in Athens to focus on its global renewable energy capabilities. The new office head, dual UK and Greek-qualified energy partner Virginia Murray, will move to Athens with her team, which joined WFW from rival firm IKRP Rokas & Partner in March this year. Murray said: “We’ve […]

Morris wins second term as DWS chief exec

Denton Wilde Sapte (DWS) chief executive Howard Morris has been re-elected for a second term. Denton Wilde Sapte (DWS) chief executive, Howard Morris, has been re-elected for a second three-year term beginning in February next year. Morris said: “My first three years as chief executive have provided a very solid base from which to drive […]

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Sue Woodman: Alchemy

Alchemy’s non-traditional approach to private equity keeps its partnership counsel Sue Woodman on her toes. Margaret Taylor reports Private equity house Alchemy Partners shot into the public consciousness in 2000 after bidding for troubled car manufacturer Rover despite having no experience of the motor trade business. The company’s plans for Rover were controversial from the […]

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