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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Milbank grabs Lehman creditor role

Milbank Tweed Hadley & McCloy has landed a role advising the creditors’ committee of Lehman Brothers, which recreates the law firm line-up of the Enron bankruptcy. Weil Gotshal & Manges is advising on the Lehman chapter 11 filing as it did on Enron, Linklaters is advising on the European end as it did on Enron […]

Commercial & chancery

The Commercial and Chancery arena is in for a busy new term, with two of the biggest cases for this year starting in the courts – the Buncefield litigation and Tajik Aluminium. Meanwhile, the British legal contingent is also busy offshore as it hopes to put an end to one of the world’s longest-running cases, […]

Allen & Overy chief is first lawyer on Boris’s City business group

A&O senior partner David Morley has become the first lawyer on London Mayor Boris Johnson’s International Business Advisory Council. Allen & Overy chief is first lawyer on Boris’s City business group” />Allen & Overy senior partner David Morley (pictured) has become the first lawyer to be appointed to London Mayor Boris Johnson’s International Business Advisory […]

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Focus: Olsen v Abell: Battle Field

The discrimination claim filed by Field Fisher Waterhouse trademarks head John Olsen lifts the lid on a partnership riven with disputes over clients, money and status In the past four years Field Fisher Waterhouse (FFW) increased its average profit per equity partner by 131 per cent to £750,000. But success has come at a price. […]

The Lawyer Annual Report 2008: The Silver Circle

The shine comes off the silver circle as work goes global. While the magic circle appears to have weathered the first stages of the economic downturn, the firms just below them in the silver circle have not been so lucky. This elite group of firms, smaller and less international than the magic circle but highly […]

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