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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From Russia with Lovells

Tulkinghorn was shocked to hear from a close friend, who just happens to be a night security guard for Lovells, that a sex bombshell was dropped in the run-up to the firm’s annual office party last month. Sexy senior partner John Young, who had turned his after-dinner speech into a platform for his burgeoning pop […]

Dentons energy boss quits for Baker Botts

Denton Wilde Sapte’s head of energy and projects for the Gulf region has left the firm to join Baker Botts in its Dubai office. Energy and projects partner Sean Korney, who moved to the DWS Dubai office two years ago from Singapore, was a valued member of the nine-strong energy and projects team, explained DWS […]

BLG makes up 36 to new semi-partner role

Barlow Lyde & Gilbert (BLG) has introduced a new management level of associate director as part of the firm’s continued shake-up. The grade came into force this week with 36 associates being made up associate director, which is a new status level between associate and partner. The position of associate director is not necessarily an […]

Linklaters adds arbitration muscle in Paris

Linklaters has raided the Paris offices of rival Gide Loyrette Nouel to boost its litigation and arbitration practice. Kiril Bougartchev and Emmanuel Moyne joined Linklaters’s Paris office last Friday as partner and counsel respectively. Bougartchev, who has specific experience of white collar crime, focuses on the energy, insurance, aerospace and defence sectors as well as […]

Bakers makes up five new partners in London

Baker & McKenzie has made up five partners in its London office, bringing the total number in London to 84. They will assume their roles on 1 July. The corporate practice gains two partners in the round of promotions in the form of Edward Bibko and Karen Guch. In the finance practice Rebecca Ford has […]

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