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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Women, teamwork and innovation

Now that more women are adding their skill and insight to the team game of law, the profession stands on the cusp of greatness. We are captives of the era in which we live. But every once in a while it’s possible to stand back and say we’re on the cusp of seismic change and, […]

Schoenherr advises bauMax group creditors on divestment of Hungarian operations

Schoenherr has advised the financial creditors financing the bauMax group in connection with the divestment of bauMax’s Hungarian operations. bauMax has sold its 13 stores in Hungary to a member of the XXXLutz group in the course of the overall restructuring of the bauMax group. The deal was signed in January 2015 and closed at […]

merger deal

Eversheds promotes 22 to partner in 2015 promotions round

Eversheds has announced the promotion of 22 lawyers to the firm’s partnership. A further 10 lawyers have been promoted to the position of legal director internationally. The biggest increase was in the firm’s commercial department where 12 new partners were added to the practice along with one legal director, while the real estate practice group […]

A company’s reputation risk management impacts its share value, finds study

The way a company protects its reputation has a direct bearing on how City analysts and investors determine the value of the business and how they will treat its stock. This is just one of the headline findings stemming from Schillings ’ latest Reputation Resilience report entitled: How the people who value companies value reputation. […]

Conyers Dill & Pearman receives Deal of the Year Award from Asian-MENA Counsel

At the recent Asian-MENA Counsel awards ceremony, Conyers Dill & Pearman received a Deal of the Year award for the privatisation of Giant Interactive Group Inc. Conyers provided Cayman law advice to Giant Interactive Group Inc on its US$3bn privatisation by way of merger with Giant Merger Limited, a wholly-owned subsidiary of Giant Investment Ltd. […]

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