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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Report demands more diversity in the judiciary

The Commission for Judicial Appointments (CJA) has warned that there is still much work to be done before true diversity in the judiciary can be achieved. The CJA released its fifth and final annual report this week. In it the commission praised work that has been done to improve the judicial appointments’ process, including the […]

School of hard mocks

News reaches Tulkinghorn that the annual IP summer school held in Downing College, Cambridge, is relocating to London this year. This is causing much dismay among trademark and patent lawyers. How will they cope without their annual dose of punting, strawberries and Pimms?Tulkinghorn trusts that, wherever its location, the school will stay true to its […]

LSE legal dept reduced during takeover battle

The London Stock Exchange (LSE) has completed a downsizing of its legal department, cutting the number of lawyers by almost half. Since listing in 2000, the LSE legal team has shrunk from 14 lawyers to eight as part of a streamlining strategy. The LSE completed the cull last month. Sources close to the LSE said […]

Separated at birth

Is it just a coincidence that Collins Stewart Tullett’s head of legal Simon Clark is a dead ringer for surreal comedy supremo Vic Reeves? Surely one of the more unlikely court battles of recent years was the broker’s defamation battle against the Financial Times, in which Collins Stewart initially claimed £37m and ultimately won £300,000? […]

Linklaters private equity duo quit for Kirkland

Linklaters global head of private equity Graham White has resigned from the firm along with partner Raymond McKeeve to join the London office of Chicago giant Kirkland & Ellis. The move will bring to an end months of market speculation surrounding White and McKeeve. The pair have been at Linklaters since 2001, when they moved […]

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