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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Clifford Chance, Wong go separate ways as Singapore opens up to foreign firms

Clifford Chance, Wong go separate ways as Singapore opens up to foreign firms” />Clifford Chance and Singaporean firm WongPartnership have ann­ounced the termination of their joint venture arrangement, as Singapore liberalises its legal market for foreign law firms. The Singapore Ministry of Law has launched a scheme to liberalise the legal market, allowing ­foreign firms […]

Kind of magic: Colin Armstrong, Merlin Entertainments Group

Working for a theme park operator sounds like the best job in the world. But Merlin Entertainments Group is not your average operator. Working for a theme park operator sounds like the best job in the world. But Merlin Entertainments Group is not your average operator. Second only to Disney in size, the company looks […]

Employment special report: Takeover troubles

The global credit crunch has left large financial institutions vulnerable to takeover bids on a scale that has never been witnessed before. The structuring of these acquisitions requires a number of considerations, none more so than in relation to employees, says Simeon Spencer The recent bid for HBOS by Lloyds TSB Bank (LTSB) provides an […]

Guardian legal chief jumps ship to Ofcom

The Guardian newspaper has lost its head of legal Nuala Cosgrove to media regulator Ofcom. Cosgrove, who was director of editorial legal services at Guardian News & Media (GNM), will join Ofcom in the new year. She will report to general ­counsel Polly Weitzman and work on Government policy issues. GNM, which publishes The Guardian […]

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RJW: Hiring?

It is refreshing to learn that while many firms are wielding the big redundancy axe, there are still firms that are trying to buck the trend and anticipate measured growth during the recession. Russell Jones & Walker is one of them. RJW had its own slump in 2002, when it made 40 redundancies and shut […]

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