In brief: Linklaters & Alliance

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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 […]

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Wine law allegation is a slur on character

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Simmons & Simmons advised Hawkpoint Partners, the financial adviser to HLF Insurance Holdings (HLF), on Hawkpoint’s £135m cash offer for Lambert Fenchurch Group. HLF was represented by Freshfields. HLF has also made an offer for Heath Group, and once both bids become unconditional, the two companies will merge to create the world’s sixth-largest insurance broker. […]

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