KWMSJB wins spot on SuperGroup panel as part of ongoing review

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Latest Briefings

Draft guidance on economic substance in the crown dependencies

By Garry Manley, Andrew Weaver, Alison MacKrill On 26 April 2019 the governments of Guernsey, the Isle of Man and Jersey released a guidance note on the economic substance requirements that apply to certain companies in those jurisdictions. For further information on those requirements see our previous note. The publication of the guidance note follows […]

Technology and innovation update

In each quarterly issue of the Appleby Asia Alert, we bring you all the latest legislative and regulatory updates in the offshore jurisdictions of Bermuda, the Cayman Islands and the BVI in the technology and innovation sector. AMENDMENTS TO THE BRITISH VIRGIN ISLANDS FSMA The Financing and Money Services Act, 2009 (FSMA) provides a framework for […]

Economic substance requirements in Bermuda, The British Virgin Islands and The Cayman Islands

By Fiona Chan, Shana Simmonds Each of the governments of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands have passed legislation that will require certain entities carrying on “relevant activities” to have “economic substance” in Bermuda, the BVI and the Cayman Islands, respectively. The legislation was introduced in response to concerns expressed by […]

Key changes to Bermuda funds classifications

By Sarita Ebbin The amendments were adopted under the Economic Substance Act 2018 (Substance Act) which became operational on December 31, 2018. The Substance Act has a broader mandate to address concerns raised by the European Union with respect to perceived harmful tax practices across member states as well as third countries such as Bermuda. […]

Data protection’s anniversary gift

By Richard Field, Richard Sheldon, Jennifer Rosser The Amendment Regulations came into force on 25 May 2019 and amend The Data Protection (General Provisions) (Bailiwick of Guernsey) Regulations, 2018 (the 2018 Regulations).  You’ll recall that the 2018 Regulations provided additional detail to the broad framework in the Law. Set out below is a summary of […]

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Eversheds advises Urban Splash on refinancing deal and joint venture

Eversheds has advised property developer Urban Splash on a £135m refinancing deal and a new joint venture agreement with the Pears Group. Urban Splash, working in partnership with the Pears Group, has agreed to refinance £135m of its remaining debt from the RBS, the Co-op, HSBC and Blackstone and formed a new joint venture with […]

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eBay’s associate GC launches start-up

What does it take to be an entrepreneur? For eBay’s Singapore-based associate general counsel Steven Liew, working at a tech giant first has proved a nifty way of catching the bug. The former Baker & McKenzie lawyer waved the online shopping giant farewell last week, ending eight years in the company’s legal department to take […]

Supreme Court

Supreme Court to examine scope of solicitor’s duty

The Supreme Court is to examine the scope of a solicitor’s duty and whether they are legally required to warn clients about commercial risks. Property developer Richard Gabriel has been given permission to take his case against Cheltenham firm BPE Solicitors to the top court after his case was thrown out at the Court of […]

Hogan Lovells

Hogan Lovells leadership rejig leads to new board role for under 45s

Hogan Lovells has created a position on its 12-strong management board for equity partners aged 45 and under. Graduate recruitment partner Ben Higson, who was made up in 2009, is the first partner to take up the position. He was in The Lawyer’s Hot 100 list in 2011, having advised on deals worth more than […]

Conyers advises 58.com in connection with a follow-on share offering

Conyers Dill & Pearman has advised 58.com, providing Cayman Islands legal advice to the company and British Virgin Islands (BVI) legal advice to the BVI subsidiary, in connection with a follow-on offering in the US of 13,800,000 Class A ordinary shares, par value $0.00001 per share of the company in the form of American Depository […]

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