Latest Briefings

Cayman Islands Court of Appeal re-examines master-feeder redemption procedures

Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]

Cayman Islands bank regulatory update – July 2020

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).

Three cases on contempt of court and what they mean for commercial fraud litigation

By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]

Challenges faced by banks and the financial implications of lockdown

Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.


Laytons Manchester head joins Enterprise

Laytons’ Manchester managing partner is leaving to join property services company Enterprise as an executive director. John Gavan, who has headed the Manchester office since 1990, will join the support services group on a full-time basis from 1 May as commercial director. However, Gavan will take on Laytons’ newly-created role of chairman and retain his […]

Cobbetts dumps Legal 500 and rethinks stance on Chambers

Manchester-based Cobbetts is pulling out of Legal 500 and intends to review its position on Chambers & Partners in the year ahead. Michael Shaw, managing partner at Cobbetts, says that the decision to pull out of Legal 500 is based on the directory’s method of research rather than the fee to place a submission, which […]

Cranch ousted as CC US managing partner

In a shock move, Clifford Chance Rogers & Wells US managing partner Larry Cranch is stepping down a year early to be replaced by global head of litigation Jim Benedict. This is just the latest development in a major shake-up of the firm’s global management. Clifford Chance chief executive officer Michael Bray says: “Larry’s resigning […]

Feeling flush

Now Tulkinghorn is sure you all remember busy Clifford Chance banking star James Johnson, depicted in these pages just two weeks ago. He had the gall to call one of The Lawyer’s journalists and conduct a conversation while relieving himself. But it seems that this is just the tip of the iceberg. While most gentlemen […]

Lucky for some: the thirteen TOP BENELUX MOVES 2000

BRUSSELS Axel Haelterman joined Freshfields Bruckhaus Der-inger in Brussels. A leading international tax lawyer, Haelterman joined Freshfields in February 2000 from Loeff Claeys Verbeke, where he had been head of tax. A tremendous boost to Freshfields’ Belgian office, the hire was also part of an ongoing strategy to develop a pan-European tax practice, much assisted […]

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