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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Nabarro

Nabarro continues trend of reduced promotions with three new partners

Nabarro has promoted three senior associates to its partnership, with the promotions taking effect from 1 May. Nabarro has returned to smaller promotions rounds of late. Last year it made up three partners while in 2013 it promoted eight to its ranks (27 March 2014). It made up one partner in 2012 and five in […]

Healthcare Systems and Safety Regulation

The Healthcare Systems and Safety Regulation Team have wide ranging experience in: Advising and acting in regulatory action concerning the Department of Health Advising NHS Trusts, Foundation Trusts and private hospital providers on regulatory and enforcement issues Advising NHS Trusts on the enforcement powers of Monitor  Chairing and acting for core participants in leading health […]

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 […]

mishcon

At last, the gender balance at the top of UK law firms begins to shift

BLP and Squires lag, but elsewhere female partner promotion stats look healthy. For years women have been told that the unbalanced female to  male ratio at partnership level will right itself as PQE ticks by and generations move up the ranks. And for years that rhetoric has proved untrue. But this year might just see […]

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