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Latest Briefings

Guernsey introduces revised Handbook on countering financial crime and terrorist financing

On 12 November 2018 the Guernsey Financial Services Commission (GFSC) issued a revised Handbook on Countering Financial Crime and Terrorist Financing (the Handbook). Put simply, the Handbook is a statement of the standards expected by the GFSC of all ‘Specified Businesses’ in the Bailiwick. The Handbook now applies to both financial services businesses and prescribed […]

Comparison of Laws in Bermuda, the Cayman Islands and the British Virgin Islands Relating to Limited Partnerships

This publication has been prepared for the assistance of those who are considering the formation of an exempted (or international) limited partnership in an offshore jurisdiction such as Bermuda, the Cayman Islands (“Cayman”) or the British Virgin Islands (“B.V.I.”) for the conduct of business outside such jurisdiction. This publication touches on, but does not deal […]

Cayman Islands Exempted Companies

This publication has been prepared for the assistance of those who are considering the formation of companies in the Cayman Islands (“Cayman”). It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities. It is not intended to be exhaustive but merely to provide brief details and […]

Guide to Establishing Hedge Funds in the Cayman Islands

The Cayman Islands is a world leader in the establishment of offshore hedge funds. Its tax-neutral platform, stable economy, sophisticated banking sector, confidentiality and professional financial service industry are just some of the reasons the location is attractive to hedge fund managers the world over. To help fund managers decide whether the Cayman Islands is […]

Directors Registration and Licensing in the Cayman Islands

This publication has been prepared for the assistance of proposed directors of Cayman Islands mutual funds and certain Cayman Islands securities investment business companies. It deals in broad terms with the requirements of Cayman Islands Law and is not intended to be exhaustive but merely to provide brief details and information which we hope will […]

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Glasgow City Council names panel choices

Glasgow City Council has finalised its new legal panel, ­awarding places to DLA Piper and Pinsent Masons alongside a host of Scottish firms. Burness and Biggart Baillie were the biggest winners, with places on seven on the council’s nine sub-panels. Brodies and DLA Piper were handed mandates on six sub-panels, while Pinsents was included on […]

O’Melveny reduces headcount by 200

O’Melveny & Myers is the latest firm to announce layoffs with 90 associates and 110 support staff set to lose their jobs. In a statement released by the firm O’Melveny chairman Arthur Culvahouse said that the firm had been cutting costs for two years by reducing support staff and shying away from making new hires. […]

Hilary Meredith Solicitors

Since winning the first-ever writ against the Ministry of Defence (MOD) in 1987, Hilary Meredith has made a name for herself among the armed forces. With a niche in personal injury (PI) claims for military personnel injured during manoeuvres or combat, Meredith’s work involves the Government, charities and the military community. After years spent battling […]

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Shearman confirms job cuts in US and Canada

Shearman & Sterling is to cut 60 support staff jobs in its US and Canadian offices after yesterday announcing redundancies in the UK (3 March). In an email sent to the firm Shearman’s executive director Kimberly Gardner confirmed that cuts are being made due to volatile market conditions. The firm’s New York, Toronto, Washington DC […]

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Personal injury forum elects new chair

Boyes Turner partner Adrian Desmond has been elected as chairman of the Forum of Complex Injury ­Solicitors (Focis). He replaces Richard Vallance of Charles Russell, who has held the role since 2007. Desmond said: “The forum will continue to ­promote excellence in personal injury [PI] ­practice by sharing experience among its members and expressing informed […]

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