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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Linklaters spearheads Dixons' foreign growth

Linklaters & Alliance and Norwegian firm Wikborg Rein & Company have landed work on Dixons’ first foray into Europe. Rupert Pearce, corporate partner at Linklaters, is leading a team of three lawyers advising Dixons on its £444m purchase of Norwegian retail group Elkjop. Einar Greve, corporate finance partner at Wikborg Rein, provided advice on domestic […]

Claims

A Marlow man who claims he was injured by the police in an incident on a garage forecourt is suing for damages. Ian Williams claims he suffered personal injuries on 26 April 1996 at the Esso garage forecourt on the A404 Haslemere crossroads in High Wycombe, Bucks. He claims his injuries were caused by police […]

Channel Island firms offer one-stop shop

Jersey’s Bedell Cristin and Guernsey’s Babbe Le Poidevin Allez have formed an alliance to provide one-stop legal advice in the Channel Islands. The news marks the second such link-up in three months. In September The Lawyer (20 September) revealed that Jersey’s Olsen Backhurst & Dorey and Guernsey’s Ferbrache Morgan had formed an alliance with a […]

In brief: The Lord Chancellor's Department

The Lord Chancellor’s Department has appointed Adam Courtenay Chippindall, District Judge Joan Mary Ruth Dowell, Richard Alan Flowerdew, Richard Anthony Lissack, Robert Martin James Meeke, Daniel John Pearce-Higgins, Jeremy Hugh Stuart-Smith and District Judge John Turner as recorders on the Western Circuit.

Jacko's grief costs insurers a mint

Superstar Michael Jackson’s heartbreak at the death of Diana, Princess of Wales, looks set to cost Lloyd’s underwriters $1m. And in the process, the finest minds in the UK insurance market have been focused on an important point of insurance law. Lords Justices Clarke, Nourse and Aldous have ruled in the case of Quinta Communications […]

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