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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Leveson J lands Lord Justice of Appeal post

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Merger hopefuls should take note of Sony-BMG debacle

The European Court of First Instance’s (CFI) groundbreaking rejection of the European Commission’s merger clearance of the Sony-BMG music joint venture following a complaint by an industry organisation took the market by surprise. Its true impact, however, is likely to be felt in the future by companies with acquisition or joint venture aspirations that give […]

Hammonds partner quits as lock-in ends

Hammonds head of real estate Chris Marks has become the first equity partner to quit following the end of the firm’s lock-in. Marks, a partner at Hammonds since 1989, is to join the Leeds office of DLA Piper Rudnick Gray Cary. No start date has yet been agreed. DLA Piper Leeds real estate head Neil McLean said: “Chris […]

Travers tax lawyer joins Reed Smith

Reed Smith has bagged tax lawyer Harriet Morgan from Travers Smith. Reed Smith” />Reed Smith has bagged tax lawyer Harriet Morgan from Travers Smith. Morgan was an associate at Travers and joins as a partner in Reed Smith’s London-based European corporate group. She works on international tax work in corporate, banking and property. The firm […]

Terry’s all-gold for Locog

The London Organising Committee for the Olympic Games (Locog) secured quite a coup this week when it hired Goldman Sachs international general counsel Terry Miller to replace incumbent Charlie Wijeratna. Wijeratna is a deal doer and will move on to become director of commercial negotiations at Locog. One of Miller’s most important roles will be […]

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