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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Bar chair wants child-friendly legal system

The new criminal bar chair has called for a review of the treatment of young people caught up in the criminal justice system. •The new criminal bar chair has called for a review of the treatment of young people caught up in the criminal justice system. Furnival Chambers’ Sally O’Neill QC, who starts work as […]

Poorly Frawley gets Taylor Wessing blessing

Five points for anyone who correctly guesses the identity of this well-known lawyer: “Sorry, but I’ve got a massive hangover today. I was out with clients at 5pm yesterday when the news came through.” If you said Taylor Wessing’s current, and newly re-elected, managing partner Michael Frawley, you win. Yesterday the Kiwi wine buff may […]

London Mid-Market

Denton Wilde Sapte (DWS) is a very different firm from what it was five years ago. Back then DWS was the twelfth-largest law firm in the UK, with offices across Asia and an extensive European network. Its peers were the likes of Ashurst, Norton Rose, Simmons & Simmons and SJ Berwin. The past five years […]

A&O, CC and Linklaters parachute partners into growing Asian market

Linklaters parachute partners into growing Asian market” />Magic circle firms Allen & Overy (A&O), Clifford Chance and Linklaters are repositioning their legal strength in the Asian region. In the past two weeks alone the three firms have collectively relocated six lawyers to and within Asia. Linklaters has ramped up its Tokyo capabilities with the transfer […]

Proskauer merges with Paris private equity firm

Proskauer Rose has boosted its ranks in Paris via a merger with local boutique SGDM. The merger sees private equity partners Daniel Schmidt, who founded SGDM, and Olivier Dumas move across accompanied by associates Mireille Mull-Jochem, Arielle Halim and Estelle Piazza. The group will work alongside Proskauer Paris corporate practice heads Delia Spizer and Guillaume […]

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