Latest Briefings

Channel Islands Funds Quarterly Update: Q2 2020

Contents: 1 Developments in the Channel Islands 1.1 Mandatory Disclosure Rules 2 Jersey developments 2.1 Deadline for submission of JPF annual compliance return extended 2.2 Outsourcing Notifications to be submitted online 2.3 JFSC consultation on changes to fund fee rates 2.4 JFSC Annual Report 2019 published 2.5 Migration of foreign limited partnerships into Jersey 2.6 […]

Update on Cayman Islands mutual funds law and regulation

Timing for Registration of Previously Exempt Funds The sponsors and operators of Cayman Islands mutual funds which benefited from the “15 investor exemption” under the Mutual Funds Law (as amended) (the “Mutual Funds Law”) should, unless otherwise out of scope, by now be undertaking the process of registering with the Cayman Islands Monetary Authority (“CIMA”). […]

Limited partners’ extensive right to true and full information

In the recent judgment of In the Matter of Gulf Investment Corporation et al v. The Port Fund LP et al and the earlier judgment of Dorsey Ventures Limited v. XIO GP Limited, the Cayman Islands Grand Court has provided some welcome clarification regarding the extent of a limited partner’s statutory right to information in an exempted limited partnership.

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Increase in fraud figures for lawyers and accountants

ACCOUNTANCY firm KPMG’s annual ‘fraud barometer’ reveals a 42 per cent increase in the number of lawyers and accountants charged with serious fraud. Partner in KPMG’s fraud investigation unit Adam Bates said although the figures for lawyers and accountants were lumped together, most cases related to lawyers. The barometer recorded 17 lawyers and accountants charged […]

Top Canadian firms withdraw from partnership

LEADING Canadian firms Olgivy Renault and Osler Hoskin & Harcourt (OHH) are demerging their international partnership, Osler Renault. The two firms, which practise separately in Canada, established a joint international venture in 1989, establishing Osler Renault offices in Hong Kong, Singapore and London. OHH partner in London David Drinkwater said the demerger followed Olgivy Renault’s […]

No truth in local authority 'easy market', say lawyers

HOUSING lawyers have fought back against press reports which accuse them of profiting from council housing funds by touting for business among dissatisfied tenants. Lawyers were accused of forcing local authorities to spend up to 10 per cent of their housing repair budgets on litigation costs. The article which appeared in The Times last week […]

Sty's the limit in nuisance claim

A Finely honed legal argument can at times be upstaged by the strangest things. Newcastle-upon Tyne solicitors AT Bryson & Co and Wilkinson Maughan, and counsel Ron Mitchell and Philip Walling will vouch for that after their most recent courtroom conflict. They headed for Newcastle County Court to argue over the law of nuisance. Two […]

In brief: Halliwell Landau clinches magazine sale

Manchester firm Halliwell Landau assisted in the sale of The New Statesman magazine, following the High Court clearing the way for transactions to proceed. The deal will transfer the publication’s assets and liabilities to new owner, Labour MP Geoffrey Robinson. It was sanctioned by Mr Justice Harman in the Companies Court. The sale follows the […]

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