Latest Briefings

Channel Islands employment law update – July 2020

Jersey Tribunal rules HR advisers not protected by legal privilege The Jersey Employment Tribunal (the Tribunal) in David Slater v Consolidated Minerals[1] sought to consider an interesting question concerning discovery: whether HR consultants are protected by legal advice privilege, given their status as non-legally qualified advisers. In the context of a constructive unfair dismissal claim, […]

Borrowers experience speed bump in road to compliance – expanded scope of Cayman private funds law

By now most fund finance professionals would likely choose an afternoon in the dentist’s chair over a discussion about the Cayman Islands Private Funds Law, 2020. Borrowers unfortunately experienced a speed bump in the road to compliance this week with the introduction by the Cayman Islands Government of an amendment to the PF Law which significantly increases the number of entities which will need to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.

What are the benefits of employee engagement?

By Chris Shenton Reading Time: 5 minutes Employee engagement is the central topic here at Weekly10. Whether we’re talking about the latest employee engagement strategies, how to improve employee engagement or simply what exactly employee engagement is, it’s fair to say it is always a focus for us. Yet, we still often get asked the […]

BVI economic substance requirements 2020 update

The framework that the British Virgin Islands (“BVI”) government has created to enable BVI ‘legal entities’ to report prescribed economic substance information’ is now operational. New reporting and (in some cases) economic substance requirements now apply for BVI ‘legal entities’ that conduct certain defined ‘relevant activities’ under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Rules on Economic Substance (together the “Economic Substance regime”).

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Insurance

Predictions of significant premium increases for professional indemnity insurance are becoming increasingly confident, and law firms are being presented with some interesting choices.No business wants to see its costs slant upwards, but what is the alternative? Law firms cannot practice without cover for their potential mistakes, so they look to the Law Society-approved providers, pay […]

New tribunal puts FSA under scrutiny

Under the new Financial Services and Markets Act, companies will be able to challenge Financial Service Association's (FSA) regulatory and disciplinary decisions at an independent tribunal.

Jones Day helps cartel informers avoid EC fine

The European Comm-ission (EC) last month fined eight pharmaceutical companies g855.22m (£533.26) for their involvement in a vitamins cartel. US firm Jones Day Reavis & Pogue, though, secured immunity for its client Aventis, which blew the whistle on other cartel members. This is the first time that the EC has ever been so lenient to […]

Camerons handles disposal for Haslemere

CMS Cameron McKenna has acted on the disposal of a £62.25m property portfolio for longstanding client Haslemere.The portfolio, comprising four office buildings located on Kingsway in London’s West End, was sold to an unnamed consortium of overseas investors. The buildings, which include the well known Bank restaurant and the offices of management consultants Accenture, are […]

Lincoln's Inn chambers ready for court battle over increased rents

Chambers in Lincoln’s Inn are prepared to take their landlord to the county court if it goes ahead with its proposed 40 per cent increase in rent. Tenants say that in increasing the rent the landlord is setting the level above the neighbouring market value, and well above chambers in the three other Inns.Chambers not […]

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