Latest Briefings

Cayman Islands Court of Appeal re-examines master-feeder redemption procedures

Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]

Cayman Islands bank regulatory update – July 2020

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).

Three cases on contempt of court and what they mean for commercial fraud litigation

By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]

Challenges faced by banks and the financial implications of lockdown

Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.

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Come to London, stay in London

The Court of Appeal precludes escape from narrow vacatur grounds available under the English Arbitration Act 1996 Despite an insurer’s attempt to escape from the few and extremely narrow grounds available under the English Arbitration Act of 1996 to vacate an unfavourable arbitration award, a recent Court of Appeal decision confirmed that an award rendered […]

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Female partners defy glass ceiling in record numbers

Twenty per cent of partners in top 100 now female; smaller firms outstrip magic circle More women are breaking into the top ranks of the UK’s leading law firms than ever before, research for The Lawyer UK 200 Annual Report reveals. The findings are in ­contrast to a report from the ­Equality and Human Rights […]

Hammonds forces Ryanair to accept third-party website tickets

Hammonds has won an injunction against Ryanair on behalf of a German price-comparison website after the airline threatened to refuse to honour bookings made via third parties. In August the no-frills ­airline announced it would not accept any online bookings unless they were made through Ryanair’s own website, with passengers being told they would be […]

Moves roundup: 8 September 2008

Shoosmiths has hired a former HBJ Gateley Wareing partner to lead its restructuring and insolvency group. Partner James Keates (pictured) will be based in Birmingham MOVE OF THE WEEKShoosmiths has hired a former HBJ Gateley Wareing partner to lead its restructuring and insolvency group. Partner James Keates will be based in Birmingham. • Linklaters is […]

Dubai earthquake: firms shaken but not stirred

Law firms in Dubai were shaken by an earthquake today that measured 6.1 on the Richter scale at its epicentre, raising questions as to whether offices rapidly constructed as part of the emirate’s on-going construction boom will be able to withstand further seismic activity. Tremors of an earthquake that had its epicentre across the Persian […]

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