Flotations

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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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In brief: Sparks expected to fly at Bar AGM

A series of controversial resolutions at the Bar annual general meeting this weekend will aim to redress the competitive balance between barristers and solicitors. Resolutions on barrister partnerships and full public direct access return to the agenda after being narrowly defeated last year. Meanwhile, the Council of Legal Education appears to be using cost orders […]

Group tackles MoD conmen

A LEGAL advice charity is demanding more protection for “whistleblowers” in a report on fraud and corruption by officials at the Ministry of Defence. Public Concern at Work (PCW) wants a hotline for those who expose wrong-doing, and clauses written in to MoD contracts to penalise firms which do not punish fraudsters. PCW – which […]

Holmans appoints first Hong Kong head of corporate law

LONDON litigation practice Holman Fenwick & Willan has appointed Johnson Stokes & Master partner Gavin Nesbitt as its first-ever head of corporate law in Hong Kong. Nesbitt, who moved to Hong Kong in 1987 from London firm Simmons & Simmons, plans to expand the practice’s corporate portfolio by targeting listed companies in the colony. He […]

BLA wants bureau axed

The British Legal Association is to call for the abolition of the Solicitors’ Complaints Bureau at a requisitioned meeting at the Law Society. Members of the 15,000-strong BLA voted at its annual general meeting to support a motion for abolishing the SCB, returning disciplinary matters to the Law Society and discontinuing all other SCB functions. […]

Charting technology's trends

This is the sixth year that the Legal IT survey has been run and of the 326 firms which responded, 312 did so by the cut-off date for the analysis. The firms represent nearly 19,000 lawyers and almost 20,000 support staff, and include some of the largest UK firms. While we retained some key questions […]

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