Related briefings

Update on economic substance in the Cayman Islands

Along with its fellow Crown Dependencies and Overseas Territories, the Cayman Islands now has comprehensive economic substance legislation, under which in-scope entities that carry on particular activities are required to demonstrate economic substance in Cayman.

UK Supreme Court offers lessons for landlords of multi-tenanted buildings in Cayman

In the UK, it is common for mutual-enforceability covenants (the nature of such covenants is explained below) to be found in the leases of flats located in apartment blocks. The enforcement of such a covenant was considered by the UK Supreme Court in Duval v 11-13 Randolph Crescent Ltd [2020] UKSC 18. While such mutual-enforceability covenants are (to the best of the author’s knowledge) not used in the Cayman Islands, the decision offers important lessons about leasehold obligations, especially where the same landlord enters into leases with multiple tenants in the same building.

Cayman injunctions in aid of foreign proceedings

Where a potential judgment debtor in “onshore” proceedings threatens to dissipate its assets, the plaintiff may face a Pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Cayman company or has assets in Cayman, the Cayman Court has a statutory jurisdiction to grant a freezing injunction in aid of those foreign proceedings, which can extend to the worldwide assets of the defendant.

Migration of foreign limited partnerships into Guernsey

The States of Guernsey has adopted regulations permitting foreign limited partnerships to migrate or continue into Guernsey using the statutory migration process set out in the Limited Partnerships (Guernsey) (Migration) Regulations 2020 (the Regulations).

Latest Briefings

Permission in principle – growth, renewal, protect

The biggest shake up of the planning system since 1947 continues apace with the announcement, on 2 August, of government plans to create an automatic green light for development within specifically designated areas of the country.

Setting aside company transactions involving Jersey, Guernsey and BVI companies

Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.

Recommended

johannesburg south africa
1

Chadbourne becomes latest entrant into Jo’burg with Bowman Gilfillan hire

US firm Chadbourne & Parke has become the latest international player to launch in South Africa, opening a Johannesburg office with the hire of Bowman Gilfillan partner Lido Fontana. Project finance partner Fontana will work alongside London-based partners Agnieszka Klich, Kevin Atkins and Julien Bocobza and Dubai-based Sohail Barkatali, Richard Keenan and Yasser Yaqub. The six partners […]

cape of good hope, south africa

Eversheds and Norton Rose Fulbright ramp up in Africa with local alliances

Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively. Eversheds’ latest tie-up is with Cape Town-based Walkers, a full-service firm that counts EY, Investec, Hyprop Investments, Nedbank, Old Mutual, RGA Reinsurance, Standard Bank, and Woolworths […]

Conyers’ aviation lawyers receive top honours for second straight year

Five Conyers Dill & Pearman lawyers have been recognised as experts in aviation finance by Who’s Who Legal Transport 2015 for offshore aircraft finance work. Of the offshore lawyers named for the jurisdictions of Bermuda, the Cayman Islands and British Virgin Islands, the Conyers lawyers made the substantive majority. Julie McLean, Jason Piney and Stephen […]

boardroom

From In-house Counsel to Business Partner: Gaining a voice in the boardroom

A strong theme at The Lawyer’s recent event was how GCs can gain influence in the boardroom beyond their legal role by taking a twin-track development route. In the course of our everyday work at PwC, we frequently have conversations with general counsel about their role and standing in their organisations. And we find that […]

Balasubramanian

The Hot 100 2015: Corporate

In association with Fox Rodney, Saunderson House and Thomson Reuters Zoë Ashcroft, Winston & Strawn Winston & Strawn’s Zoë Ashcroft is one of the founding partners of the firm’s London office and has led the business and finance practice since helping to establish it over a decade ago. Carving out a niche for herself in a […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more