Related briefings

Privacy Shield open for self-certification on Aug 1

On August 1 US organisations can finally begin to submit self-certification requests to the Department of Commerce under the new EU-US “Privacy Shield.” This opens a new era for the lawful transfer of personal data from the European Union westward across the Atlantic. The Commerce Department has published a practical guide, “How to Join Privacy Shield: Guide to Self-Certification,” […]

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Tax Issues around Brexit

Our European tax team recentlydelivered a breakfast seminar exploring the tax issues and challenges posed by the result of the EU Referendum. The team covered a range of issues, including: the European framework, including overview of the EU, EEA, Eurozone and other European groupings; the process of the UK’s withdrawal from the EU; and the […]

India shuts down Mauritius route

Time to rethink investment structures On May 10 the Indian government issued a press release announcing the signing of a protocol to amend the India-Mauritius tax treaty.1 As a result of these amendments, Mauritius tax residents will no longer be exempt from Indian capital gains tax on sales of shares of Indian resident companies that […]

Insurance: new assessment method for GSIIs

The International Association of Insurance Supervisors (“IAIS”) has published its updated assessment methodology for designating global systemically important insurers (“G-SIIs”) (the “Revised Methodology”). As part of the review cycle of the IAIS and following consultations in 2015 the Revised Methodology now comprises five phases and adopts absolute reference values for certain indicators. Additionally, the Revised Methodology incorporates a […]

Outlook in enforcement actions against foreign banks at the new NYDFS

By Matthew L. Biben, Courtney M. Dankworth, Eric R. Dinallo, Mary Beth Hogan, Gregory J. Lyons, David Sarratt, David G. Sewell, Harriet M. Antczak On June 15 Maria Vullo was confirmed as the new Superintendent of the New York State Department of Financial Services (“NYDFS”), solidifying the first permanent change in leadership at the agency. Since the departure last summer of […]

Latest Briefings

Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

Recommended

The politics of sexual harassment

The Lord Rennard ‘saga’ continues to play out in the news as he announces his intention to take legal action against the Liberal party if they don’t lift his suspension following an investigation into alleged sexual harassment of four female party members. The investigation was conducted in accordance with the party’s membership rules and headed […]

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Dyson MR: raise Commercial Court costs budgeting to £10m

The Master of the Rolls Lord Dyson has recommended raising the cost budgeting limit from £2m to £10m for Commercial Court cases. Debate is heating up over civil litigation costs with the issue of cost budgeting levels for high-value commercial cases being pushed to the centre stage.  The year-long review of civil litigation costs by Lord […]

Seoul food

Bird & Bird’s launch in Korea through a non-exclusive tie-up with Hwang Mok Park underlines continuing interest from UK firms in the jurisdiction. There are 20 international firms in Seoul already, but so far only four – Clifford Chance, DLA Piper, Herbert Smith Freehills and Linklaters – have boots on the ground. Bird & Bird […]

Royal Courts of Justice

Berwin Leighton Paisner beats Linklaters in GAME appeal ruling

Berwin Leighton Paisner (BLP) has overturned a precedent at the Court of Appeal which will see collapsed company Game forced to hand over £3m in unpaid rent when it went into administration. Six of the UK’s largest landlord entities including Capital Shopping Centres triumphed at the appeal after turning to a South Square team comprising Antony […]

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