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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Linklaters plans global practice head elections

Linklaters is poised for partnership elections to appoint three global practice heads The move, which will streamline the firm’s management, is part of a complete overhaul of the firm’s management structure, scheduled for the beginning of May. A new executive committee, chaired by managing partner Tony Angel (left), will report to a 14-partner firmwide board

Marriott Harrison hires Steptoes litigation partner

West End law firm Marriott Harrison has appointed its fourth new partner in 12 months with the hire of litigation partner Franco Barone from Steptoe & Johnson Other partners to have joined in the last year are property partner Andrew Astachnowicz and corporate partners Simon Vivian and Richard Hinchcliffe. Barone specialises in commercial disputes and […]

The Leader Column

A couple of weeks back (11 February) we reported on the news that Slaughter and May was taking an active role in the Government-sponsored report into women’s employment. Along with Simmons & Simmons, Slaughters is one of the few firms to go public on the issue of the gender gap at partner level.Very laudable, but […]

Clarke Willmott slashes entire volume conveyancing practice

South West firm Clarke Willmott & Clarke is making one partner and 34 other staff redundant following the decision to close its loss-making volume conveyancing unit Partner Angela Thompson, one other solicitor, two legal executives and 31 support staff, all based at the firm’s last remaining satellite office at Bridgwater in Somerset, will be made […]

CC, Linklaters in tax row

Clifford Chance is appealing a decision by an Indian tax tribunal that it has underpaid on tax It is part of a wider dispute involving other law firms, including Linklaters, and the Inland Revenue has been in talks with the Indian tax authorities seeking a breakthrough.The Law Society is appealing to the Indian High Commissioner […]

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