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Latest Briefings

Dispute resolution – Yes and no: how funders decide

By David Walker, Investment Manager (Solicitor) for Augusta Ventures According to Pythagoras: “The oldest, shortest words – ‘yes’ and ‘no’ – are those which require the most thought.” Litigation funders would wholeheartedly agree when deciding whether or not to fund a case. As the largest funder in the UK by volume of claims funded, Augusta […]

Bermuda introduces digital asset business amendment Act 2019

By Steven Rees Davies The Digital Asset Business Amendment Act 2019 (DABA Amendment ACT) became operative on 8 October 2019. The Amendment amends the Digital Asset Business Act 2018 that became operative on 10 September 2018 which regulates the digital asset sector in Bermuda. The Amendment replaces the existing definitions of “exchange”, “digital asset services vendor”, […]

The rules on economic substance in The British Virgin Islands

By Jeffrey Kirk On 9 October 2019, the ITA published the Rules on Economic Substance (Rules), which provide detailed explanations and interpretations of the legislative requirements of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ES Act).  The Rules closely follow the Draft ES Code that has been in circulation since April 2019. The […]

What are the key trends shaping the fund finance industry in Asia?

By Fiona Chan CAYMAN ISLANDS FUND VEHICLES IN ASIA The Cayman Islands continue to be one of the most popular offshore jurisdictions for the Asian finance industry. There are dozens of Chinese funds that manage USD1 billion or more and the Cayman Islands provide the international recognition that many of these managers are looking for. […]

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Barnes urges curbs on fees

LEGAL SERVICES Ombudsman Michael Barnes has called for the introduction of a new solicitors’ fee at cost or below to curb soaring legal bills for private clients. He wants the rate to take effect after an action has overrun a time threshold which would be agreed at the opening of the action. The measure would […]

Litigation Discliplinary Tribunals 20/06/95

DEREK PETER WATMOUGH, 48, admitted 1971, practised as Watters & Watmough, St Helens, Merseyside, struck off and ordered to pay £4,583 costs. Allegations substantiated he practised without practising certificate, used client funds for own purposes and those of other clients, sought to mislead client about professional conduct of her matter, forged a letter purporting to […]

Nottingham offers joint US diploma

NOTTINGHAM Law School has announced plans to provide a post-graduate diploma in litigation and advocacy through its new Anglo-American partnership with the National Institute for Trial Advocacy in the US. Described as a “powerful union of two outstanding institutions”, the venture launches NITA (UK), based at Nottingham’s Centre for Advanced Litigation. The sole provider of […]

Litigation Recent decisions 20/06/95

Disapplying time limit for a personal injury claim Christine Marie Crocker v British Coal Corporation (1995). (QBD Merthyr Tydfil District Registry (Mance J) 7/6/95). Summary: Whether the limitation period should be disapplied to a claim for personal injury sustained as a result of the Aberfan pit disaster in 1966. Plaintiff’s application under s.33 Limitation Act […]

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