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Latest Briefings

Dispute resolution – Yes and no: how funders decide

By David Walker, Investment Manager (Solicitor) for Augusta Ventures According to Pythagoras: “The oldest, shortest words – ‘yes’ and ‘no’ – are those which require the most thought.” Litigation funders would wholeheartedly agree when deciding whether or not to fund a case. As the largest funder in the UK by volume of claims funded, Augusta […]

Bermuda introduces digital asset business amendment Act 2019

By Steven Rees Davies The Digital Asset Business Amendment Act 2019 (DABA Amendment ACT) became operative on 8 October 2019. The Amendment amends the Digital Asset Business Act 2018 that became operative on 10 September 2018 which regulates the digital asset sector in Bermuda. The Amendment replaces the existing definitions of “exchange”, “digital asset services vendor”, […]

The rules on economic substance in The British Virgin Islands

By Jeffrey Kirk On 9 October 2019, the ITA published the Rules on Economic Substance (Rules), which provide detailed explanations and interpretations of the legislative requirements of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ES Act).  The Rules closely follow the Draft ES Code that has been in circulation since April 2019. The […]

What are the key trends shaping the fund finance industry in Asia?

By Fiona Chan CAYMAN ISLANDS FUND VEHICLES IN ASIA The Cayman Islands continue to be one of the most popular offshore jurisdictions for the Asian finance industry. There are dozens of Chinese funds that manage USD1 billion or more and the Cayman Islands provide the international recognition that many of these managers are looking for. […]

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Law Soc plans to cut OSS funds

The Law Society has announced plans to slash by a third the £9m budget of the beleaguered OSS in 2001. As it announced the plans it also pledged to tackle guilty firms and improve the procedure for complaints resolution. A managing partner of a top five firm says: “There’s a general acknowledgement that the OSS […]

Bond Pearce pre-litigation unit targets insurers

SOUTH OF England firm Bond Pearce has set up a dedicated pre-litigation unit for its top-end insurance clients. The unit will be headed by partners Bettina Rigg and Neil Trayhurn. Trayhurn says: “We bel-ieve that our pre-litigation unit is the first of its kind in the UK.” Senior claims specialist Daren Pemberton says: “We foresaw […]

Call for pay-per-view ombudsman

An ombudsman should regulate pay-per-view television, says the solicitor planning legal action in the wake of the heavyweight boxing title fight fiasco. Stephen Alexander, a partner at six-month-old London firm Class Law, is representing television viewers and ringside fans infuriated by the drawn fight between Lennox Lewis and Evander Holyfield. Commentators have accused promoters of […]

Scottish Legal Aid Board suspends senior

A SENIOR member of the Scottish Legal Aid Board (SLAB) has been suspended. The person, who has not been identified, was suspended on full pay pending the outcome of an investigation into the SLAB’s accounts assessment procedures. SLAB chairman Jean Couper says: “This issue is of utmost concern to the board and we have immediately […]

Clifford Chance poaches Italian rival's top partner

Clifford Chance is setting up a dedicated team to advise Italian banking and financial institutions after signing a partner from top Italian firm Chiomenti Studio Legale. Alberto Del Din, senior partner in the securitisat ion and structured finance department at the Italian firm, is expected to start on 1 May. Nick Wrigley, managing partner at […]

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