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.

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Law Society elections. Putting things right at the Law Society

David Keating cites the reasons for a lack of faith in the Law Society, and justifies his candidacy for the post of deputy vice-president. David Keating is a sole practitioner. For as long as I can remember, solicitors have regarded the Law Society as either a nuisance or an irrelevance. This hostility – or at […]

Lobbyists parade for Bar Council job

THE BAR Council is holding a beauty parade to determine which PR and lobbying consultancy will represent it into the next millennium. Nine consultancies have been invited to tender for a three-year contract to handle the Bar Council’s prestigious account, worth in the region of £200,000 a year. Among the front runners are Westminster Strategy, […]

In brief: Free legal advice at Glastonbury Festival

The Citizenship Foundation and the Law Society are joining forces at the Glastonbury Festival to offer free legal information. A team of eight volunteer solicitors from the Somerset Young Lawyers Group will run the stand and give festival-goers the chance to find out about the law and how it affects them.

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Chelmsford LPC course may go to Cambridge

Philip Hoult reports. ANGLIA Polytechnic University (APU) is in talks with Leicester’s De Montfort University and Cambridge University about moving its Chelmsford-based legal practice course (LPC) to Cambridge. The move follows a fall in demand for places on APU’s Chelmsford course – one of the first to be approved by the Law Society in early […]

In brief: Review over laws on compulsory purchase

The Department of the Environment, Transport and the Regions has announced a wide-ranging review of the laws and procedures relating to the compulsory acquisition of land, as part of its initiative to modernise the planning system. Planning minister Richard Caborn said: “This is a complex area of law and I cannot anticipate whether and when […]

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