Latest Briefings

UK Supreme Court offers lessons for landlords of multi-tenanted buildings in Cayman

In the UK, it is common for mutual-enforceability covenants (the nature of such covenants is explained below) to be found in the leases of flats located in apartment blocks. The enforcement of such a covenant was considered by the UK Supreme Court in Duval v 11-13 Randolph Crescent Ltd [2020] UKSC 18. While such mutual-enforceability covenants are (to the best of the author’s knowledge) not used in the Cayman Islands, the decision offers important lessons about leasehold obligations, especially where the same landlord enters into leases with multiple tenants in the same building.

Cayman injunctions in aid of foreign proceedings

Where a potential judgment debtor in “onshore” proceedings threatens to dissipate its assets, the plaintiff may face a Pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Cayman company or has assets in Cayman, the Cayman Court has a statutory jurisdiction to grant a freezing injunction in aid of those foreign proceedings, which can extend to the worldwide assets of the defendant.


Latham tech expert promoted to Silicon Valley head

Latham & Watkins is ushering in a new era for its Silicon Valley office after appointing a new managing partner in the region. Ora Fisher is taking over the role as office managing partner for Silicon Valley from Peter Kerman who was recently appointed as chair of Latham’s global corporate department. Kerman has headed up […]

What goes up …

Elizabeth Thompson reports on retailers’ disenchantment with upwards-only rent reviews Upwards–only rent reviews (UORRs), as highlighted by the Labour Party 2001 Business Manifesto, are “a source of grievance to many in the business community”. If landlords are concerned with working alongside their ‘customers’ over the five-yearly headlock on rent review, a solution needs to be […]

Cisco move sees UK lawyer forgo his position

Cisco Systems’ only UK-based corporate lawyer has left following the US technology giant’s decision to relocate a number of business functions to its West Coast headquarters. Alfred Farha, (left) who was senior counsel for Europe, Middle East and Africa (EMEA) for four years, has opted to remain in the UK. His former co-head of the […]

Exchange Chambers bags four new tenants

Liverpool’s Exchange Chambers has hired four tenants just as the set reports a 9 per cent turnover hike to £13m. Scott Redpath joins from Clifford Chance and is the first pensions barrister to join the Northern Circuit. Commercial litigator Dr Digby Jess joins from Manchester’s 8 King Street, crime barrister Rachael Woods from Manchester’s Queens […]

Slaughter and May faces Uria on Abbey takeover bid

Slaughter and May and its Spanish best friend Uria & Menendez are sitting on opposite sides of the deal table on the surprise proposed £8.9bn acquisition of Abbey National by Banco Santander Central Hispano. Slaughter has acted for Abbey for over 20 years while Uria has a similar longstanding relationship with Spain’s Banco Santander Central […]

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