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.


Kirkland lures second Fried Frank corporate partner

Fried Frank Harris Shriver & Jacobson has lost its second corporate partner to Kirkland & Ellis just weeks after the New York firm’s talks with Ashurst Morris Crisp fell through. Thomas Christopher is joining Kirkland one month after Stephen Fraidin, one of Fried Frank’s most senior partners, left for the same destination in a move […]

DLA sees 15 per cent income surge

Audited profit figures released by DLA show a15 per cent hike in the firm’s turnover to £234m for the last financial year, with 21.1 per cent of the firm’s fee income being distributed as equity partner profits. However, profits per partner (PPP) remained relatively static at £460,000, an increase of just 2 per cent from […]

Clifford Chance's Harding is Barclays' new legal chief

Barclays Bank has finally secured its new general counsel after a year-long search. It has appointed Clifford Chance banking partner Mark Harding, who will join at the end of June.Harding, who replaces former general counsel Howard Trust, told The Lawyer: “I can’t think of a better English bank to work for.”However, Harding will not have […]

Can Ashursts and Fried Frank still be friends?

Julia Cahill examines the finance axis which propelled the merger talks between the two firms Fried Frank Ashursts. Just allow yourself to picture what might have been: a transatlantic M&A heavyweight; a private equity powerhouse. But it was the mutual interests of the two firms’ slightly less high-profile finance practices that provided the catalyst for […]

On the ball

HarperCollins’s Simon Dowson-Collins loves sport so much he once went to a QPR game while he was still on a BBC shift. Alex Wade meets the fittest lawyer in publishing All too many lawyers conform to type. Austere, dry and measured, unafraid of their intellects, loath to mingle with the masses (trainees, junior assistants, minor […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more