Latest Briefings

Channel Islands Funds Quarterly Update: Q2 2020

Contents: 1 Developments in the Channel Islands 1.1 Mandatory Disclosure Rules 2 Jersey developments 2.1 Deadline for submission of JPF annual compliance return extended 2.2 Outsourcing Notifications to be submitted online 2.3 JFSC consultation on changes to fund fee rates 2.4 JFSC Annual Report 2019 published 2.5 Migration of foreign limited partnerships into Jersey 2.6 […]

Update on Cayman Islands mutual funds law and regulation

Timing for Registration of Previously Exempt Funds The sponsors and operators of Cayman Islands mutual funds which benefited from the “15 investor exemption” under the Mutual Funds Law (as amended) (the “Mutual Funds Law”) should, unless otherwise out of scope, by now be undertaking the process of registering with the Cayman Islands Monetary Authority (“CIMA”). […]

Limited partners’ extensive right to true and full information

In the recent judgment of In the Matter of Gulf Investment Corporation et al v. The Port Fund LP et al and the earlier judgment of Dorsey Ventures Limited v. XIO GP Limited, the Cayman Islands Grand Court has provided some welcome clarification regarding the extent of a limited partner’s statutory right to information in an exempted limited partnership.

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Morgan Lewis loses key partner

The head of commercial property at the London office of US firm Morgan Lewis & Bockius, Stephen Turner, is to join Baker & McKenzie. It is understood that Morgan Lewis has still to decide who will take over Turner’s position. The firm has no other lawyers advising on property. Turner says he is taking clients […]

Judgment day for pupils' pay

The Minimum Wage Act 1998 took effect on 1 April 1999. Following its enactment, the Bar Council quickly realised that the legislation might well apply to some pupillages, many of which are currently unfunded. The Bar Council therefore sought expert opinion on the matter. Faced with conflicting opinions as to whether or not the act […]

Eversheds unveils five-year plan for European campaign

Eversheds is pumping funds into 15 “A-list” departments and curbing investment into the firm’s other 20 legal disciplines. The firm has drawn up a number of “priority” areas which will receive increased funding as Eversheds progresses with its plans to expand into Europe, specifically Italy and Germany (The Lawyer, 24 May). However, the firm refuses […]

Debenhams legal chief joins food brand giant

Debenhams is losing its head of legal to Associated British Foods. High street retail company Debenhams’ general counsel and company secretary David Wilson is set to join food producer and processor Associated British Foods in December. Wilson will join the FTSE 100-listed company as its director of legal services and company secretary. He will report […]

Linklaters celebrates £1bn pub chain buy

Linklaters and Travers Smith Braithwaite are dining out on the £1bn sale of Greenalls’ pub and restaurant division to Scottish & Newcastle. The £1.135bn transaction was completed last week and involved the sale of 531 managed pubs, including the Squares chain, 234 pub restaurants and 61 budget lodges. A further 19 development sites were also […]

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