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Latest Briefings

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

A guide to Guernsey’s new ILS hybrid vehicle

Carey Olsen Partner Christopher Anderson, with the support of the Guernsey Financial Services Commission (GFSC), has created the world’s first hybrid vehicle for Insurance Linked Securities (ILS) fund managers. This briefing looks at the direct implications of this hybrid vehicle for the following areas: ILS fund managers Investor groups Regulation

When a child might be a child and when a child might not be a child

By Abid Mahmood Age Determination. New Case from the High Court. Age dispute case have been notoriously difficult to deal with, both for the Courts, but also for the Local Authorities and litigants involved. Before turning to the new case, it is worth remembering that in R (on the application of) S (by his litigation friend) […]

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Clifford Chance fails to win judge bias claim

Clifford Chance has failed in its bid to have an arbitrator removed from a high-profile telecoms case for alleged bias. Canadian lawyer Yves Fortier had ruled against telecoms giant and Clifford Chance client AT&T in a contractual dispute with the Saudi Cable Company (SCC). SCC, represented by Freshfields, was awarded damages and costs earlier this […]

Marriage of convenience

How ironic that on the western side of Chancery Lane last week the Law Society finally gave approval for multi-disciplinary partnerships and on the eastern side Denton Hall revealed its plans to merge with Wilde Sapte. Both decisions are great indicators of the state of the profession as we approach the end of the century. […]

Berwin Leighton team quits

Berwin Leighton’s financial institutions team – including partner Michael Wilson – is defecting to Barlow Lyde & Gilbert, the leading firm in professional negligence. Wilson is leaving after 22 years. He set up the team which handles insurance claims on behalf of financial institutions and banks. Lyn Hassett, who took over as head of the […]

British Energy

Last month, British Energy breathed a sigh of relief when its five-month bid for Welsh utility Hydra’s subsidiary Swalec, the south-west retail gas and electricity supplier, was cleared by the Department of Trade and Industry. Callum McCarthy, the director general of industry regulator Electricity Supply had previously expressed concerns that the £105m takeover would give […]

Curtis Davis recruit deserts to take Lawrence Graham post

Former Herbert Smith partner Charles Baker has left specialist shipping practice Curtis Davis Garrard only eight months after joining. He returns to the City as an equity partner at Lawrence Graham’s 15-strong shipping group today (18 October). Baker joined the niche firm after Herbert Smith disbanded its shipping practice at the end of last year. […]

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