Latest Briefings

New legislative regime for virtual asset service providers

The Virtual Asset (Service Providers) Law, 2020 was gazetted on 25 May 2020 and will come into force upon issue of a commencement order in due course. The Law represents Cayman’s first legal framework for the registration, licensing and supervision of virtual asset service providers conducting business in the Cayman Islands.

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

Recommended

DEAL OF THE WEEK – BARLOWS/GE CAPITAL

Addleshaw Booth & Co’s role in the creation of the Northern Portfolio Limited Partnership was complicated by the fact that its client, Barlows, was simultaneously engaged in a take private deal. The firm advised acquisition vehicle Chepstow in the take private and constructed a chinese wall between this and the creation of Barlows’ limited partnership […]

News in brief

A round up of stories from the UK and around the world Gowling Lafleur Henderson and Smith Lyons have merged to form Canada’s second-largest firm. The merged firm now totals 700 fee-earners, while Canada’s largest, McCarthy Tétrault, has just eight more, according to its figures at the end of June. The merger will strengthen Gowling’s […]

Morgan Cole shakes up management after disappointing year-end figures

Morgan Cole is overhauling its international strategy and making a raft of management changes as it seekd to boost profitability and consolidate its post-merger integration. The firm’s turnover for 2000/ 2001 went up less than 8 per cent to £40m, while average profits per partner lingered around last year’s £125,000 mark.The firm’s informal referral networks […]

Are you sure he said 'fat'?

Rarely has Mrs Tulkinghorn been as interested in a case as she is in the possibility of David Ginola taking his Aston Villa FC boss to court for harassment.The French footballer – who is worth a whole lot more than the couple of quid a bottle of the shampoo he advertises costs – is considering […]

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