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.

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Hausfeld to appeal class action decision

Hausfeld is to appeal a High Court decision that effectively spelt the end for US-style class actions in English and Welsh courts (see blog ). Anthony Maton Hausfeld partner Anthony Maton met with the claimants, cut flower importers Emerald Supplies and Southern Glass House Produce, this morning to discuss the possibility of an appeal. The […]

Gerard Khoshnaw

Nabarro trials conflict avoidance audit service with Sperry Marine

Nabarro is piloting a low-cost ­alternative to ­disputes after developing a conflict ­avoidance system for clients. Gerard Khoshnaw The conflict avoidance audit involves a review of internal procedures with heads of key client ­departments, a training ­programme for management and staff on possible pitfalls and preparation of a risk management report to the organisation’s board. Nabarro head of ­commercial disputes […]

Ward Hadaway puts Manchester office launch on back-burner

Ward Hadaway has shelved plans for a ­Manchester office launch, preferring to ride out the recession before making a firm commitment. The North East firm planned to launch the office this year, but a source close to the firm said it now hoped to move forward with the plan in 2010. “Launching any office is a challenge, particularly at the […]

Taylor Wessing offers staff chance to buy extra holidays

Taylor Wessing has unveiled a package of measures in response to the economic slump, including offering all employees an extra two weeks of holiday in return for a 3.85 per cent reduction in salary. The firm is also looking at making up to 20 redundancies and is offering sabbaticals and voluntary redundancy to all staff. […]

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