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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Exclusive: Gibson Dunn Dubai partner Peter Gray exits firm

Suspended Gibson Dunn & Crutcher partner Peter Gray has officially left the firm, The Lawyer understands. The Dubai partner, who was suspended by the firm in March following a ruling that he deliberately misled the High Court, is understood to have posted comments on Facebook this week confirming he and Gibson Dunn had parted ways. “We did […]

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PEP standoff: Why Dentons is back on the war path over profit disclosure policy

Dentons has reignited the debate on profit disclosures with new claims that its net profit and profit per equity partner figures for 2014 have been reported erroneously. Last year the firm issued a letter directed at The American Lawyer (AmLaw), stating its decision to no longer disclose global profit per equity partner (PEP or PPP […]

John Butterfield QC

Panton case highlights ‘genuinely important’ public interest issues

The decision of the prosecution to offer no evidence against former News of the World journalist Lucy Panton ends a four-year saga she describes as a ‘hellish ordeal’, but wider issues remain. It must surely be right to insist that there be a strong public interest before a journalist in a free society can be […]

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