Related briefings

Avenues of redress for stakeholders in Cayman incorporated companies facing the excesses of majority shareholders and/or their appointed directors

Against the backdrop of differing economies, laws and regulations throughout Asia, choosing to incorporate Cayman entities into holding and investment structures allows international stakeholders to co-operate under the aegis of a stable and effective judicial system. Appeals from the Grand Court of the Cayman Islands lie with the Cayman Islands Court of Appeal, comprising judges who have held high judicial office in the Commonwealth. The Judicial Committee of the Privy Council is the final Appellate Court for the Cayman Islands. As such, through its Court system, Cayman is able to provide the investment community with impartial, established and highly regarded judicial resources dedicated to resolving complex commercial disputes.

The Cayman Islands Court of Appeal finds Norwich Pharmacal relief is available in aid of foreign proceedings

The Court of Appeal of the Cayman Islands (CICA) has found that the Cayman courts have jurisdiction to grant a Norwich Pharmacal Order (NPO) in support of potential proceedings before a foreign court, even where alternative statutory remedies may be available (in this instance, the provisions of the Evidence (Proceedings in Other Jurisdictions) (Cayman Islands) Order 1978 (the Evidence Order)).

Restructuring and corporate recovery: an outlook for 2021

As financial support is withdrawn, restructuring, insolvency and corporate recovery practitioners will likely see a spike in activity, and offshore firms in the Channel Islands are braced for an increase in demand from clients.

Latest Briefings

12 things you didn’t know about electric vehicles

The significant shift in people’s travel routines over the last 12 months will likely trigger long-term changes for many and our urban spaces will need to continue to develop into ‘smart cities’. Electric vehicles and their charging points will form a significant part of this changing landscape.

Key changes to the LCIA and ICC arbitration rules

Two of the most prominent arbitral institutions globally, the London Court of International Arbitration and the International Chamber of Commerce, have recently updated their rules to modernise and streamline the way in which arbitrations are administered. The changes are designed to increase efficiency, flexibility and transparency and to embrace the growing use of technology in business today.

Around the world (of Big Tech regulation) in 8 minutes

When Trump was ultimately banned from most mainstream social media services during his final month in office, many questioned if Big Tech should have the power to silence a sitting President in this way and if they had the right rationale to do so. Trump has now handed over @POTUS to Joe Biden and the whole world is talking about what may be in store for Big Tech when it comes to regulation as a result of this transformed understanding.

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Lloyd's of London

Shearman, Slaughters and SullCrom advise on Fairfax takeover of Brit

Shearman & Sterling, Slaughter and May and Sullivan & Cromwell (S&C) have played key advisory roles on today’s (17 February) £1.22bn takeover bid by Fairfax Financial Holdings for insurance company Brit. Fairfax is a Toronto-headquartered financial services holding company, which is listed on the Toronto Stock Exchange. Slaughters acted for Brit on the recommended takeover. […]

Court
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Stephenson Harwood and Lord Pannick to take Tchenguiz litigation to ECHR

Stephenson Harwood has instructed Lord Pannick QC on behalf of Robert Tchenguiz to go before the European Court of Human Rights in the latest stage of a long-running legal battle against the Serious Fraud Office (SFO) and accountancy firm Grant Thornton. Blackstone Chambers veteran Pannick is set to argue that the businessman’s right to a […]

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Lawyers On Demand data highlights surging flexible legal resourcing market

Lawyers On Demand (LOD), the alternative legal services provider backed by Berwin Leighton Paisner (BLP), has revealed data that clearly reveals the extent of the rapidly growing UK flexible resources legal market. Notably LOD said that its turnover has increased by more than 500 per cent over the past four years to around £9m. In […]

New York

Financial performance at US headquartered global firms outstrips that of domestic rivals

Analysis of financial results for 2014 has revealed that global firms headquartered in the US are outperforming more domestically-focused rivals – although smaller firms are closing the performance gap.  Research carried out by Citi Private Bank, with responses from 149 US firms, showed that average net income grew by 6 per cent in 2014, whereas profit […]

Bird & Bird hit by six-person defection from China IP team

Just a year ago Bird & Bird CEO David Kerr laid out his firm’s strategy for Asia, telling us that the region had become “the firm’s top priority” and as such it had “taken important steps to prioritise growth in Asia”. Fast-forward to now and the firm has suffered something of a set-back after a […]

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