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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Skadden raids Weil for European restructuring head

Skadden Arps Slate Meagher & Flom has snared Weil Gotshal & Manges’ head of restructuring to head up its European restructuring practice. Chris Mallon, currently head of the business finance and restructuring group at Weil, announced his departure from the firm today. His experience includes advising on a number of key restructurings including Enron, Global […]

Shearman & Sterling

With the launch of its organic growth strategy, Shearman & Sterling‘s London office hopes to offer improved career prospects to associates and trainees. Promotions to partnership within the office have averaged just one a year over the past three years. However, London managing partner Kenneth MacRitchie recently promised to shift focus to organic growth rather […]

Penny Francis elected LG senior partner

LG managing partner, Penny Francis, will replace Bill Richards as the firm’s senior partner. Francis was elected by the firm, beating competition from fellow partners corporate head, Chris Tite, corporate partner Sunil Kakkad and tax partner Robert Field. The head of LG’s business and finance group Hugh Maule will replace Francis as managing partner. Francis, […]

Cads: hiring, not firing

Any Cadwalader associates out there can, it seems, rest easy. The US firm known for having one of the largest structured finance practices in the country is not looking to lay off anybody. Not now, not later. That, at least, is the story from management committee member and litigation chairman Greg Markel. Last Friday (9 […]

Law Soc steps up campaign against China’s AIM restrictions

The Law Society is stepping up its lobbying campaign after unsuccessful talks with the Chinese government failed to change rules that appear to prohibit Chinese companies from listing on AIM. China Law Council chairman Neil Sampson has been instructed by the Lord Mayor of London to pursue the matter and is writing to the Chinese […]

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