Related briefings

Captive board meetings in the time of Covid

In extraordinary times such as the present Covid-19 pandemic, the importance of a captive insurance company focusing on fundamentals like the proper calling, conduct and recording of board meetings cannot be overstated.

Bermuda amends national pension scheme – update #4

The amendments to section 24 of the National Pension Scheme (Occupational Pensions) Act 1998 (“the NPS Act”) that expand the ability of members and former members of defined contribution pension plans and local retirement products to obtain limited refunds from their pension balances, will become operative on 1 June 2020.

Norway Practice Bulletin 2020

In this issue we highlight the impressive growth in the number of Bermuda companies listed on the Oslo Stock Exchange and the Norway Over-the-Counter market over the last five years – a dozen new listings between them, including BW Energy’s IPO on the Oslo Børs in February.

Latest Briefings

Covid-19 Ireland: Support extended credit guarantee scheme and new pandemic fund

On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.

Use of Government’s coronavirus job retention scheme by companies in administration: Debenhams

In a judgment handed down on 6th May 2020 in Re Debenhams Retail Ltd (in administration) [2020] EWCA Civ 600, the Court of Appeal provided confirmation on the implications for office holders and insolvent estates of using the Government’s Coronavirus Job Retention Scheme in administrations, following the previous first instance decisions on the issue in Re Carluccio’s Ltd [2020] EWHC 886 (Ch) and Re Debenhams Retail Ltd [2020] EWHC 921 (Ch). Matthew Weaver considers the judgment and its implications in this briefing.

Use of Government’s coronavirus job retention scheme by companies in administration: Carluccio’s

In a judgment handed down on Monday 13th April 2020 in Re Carluccio’s Limited (in administration) [2020] EWHC 886 (Ch), Snowden J considered the application of the Government’s Coronavirus Job Retention Scheme in administrations both as a matter of principle and in respect of the logistics and practicalities involved for office holders. Matthew Weaver considers the judgment and its implications in this briefing.

Green is good – a Channel Islands perspective

Fiona Le Poidevin, CEO of The International Stock Exchange Group, explores how the Channel Islands are utilising experience and expertise to make a significant impact in global green and sustainable finance initiatives.

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Saving business critical data from floods

There is no doubt that the recent floods in the UK have caused countless problems for UK residents and businesses alike. There are many unpredictable scenarios that businesses have no control over as a result of the recent flooding – system failures, fire and theft, damage caused to servers and irreparable damage to physical documentation […]

Eversheds advises on £400m regeneration of Southampton’s Royal Pier Waterfront

Eversheds has advised RPW (Southampton), a joint venture company owned by Morgan Sindall Investments Ltd (MSIL), and fund provider Lucent Group on the signing of the conditional development agreement for the regeneration of the Royal Pier Waterfront in Southampton. MSIL is the investment division of construction and regeneration group Morgan Sindall. Lucent Group is a strategic land development […]

Ballmann of Gateley comments on R3 survey about debt levels in Yorkshire

William Ballmann, chair of insolvency trade body R3 in Yorkshire and partner at Gateley, has commented on an R3 report that revealed that 50 per cent of people in Yorkshire and Humberside are worried about their level of debt, close to the national figure of 51 per cent — the highest share of people that have […]

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Trowers creates public sector national team

Trowers & Hamlins has expanded its national practice groups to include a dedicated public sector division in its Birmingham base. The firm plans to relocate partner Amardeep Gill from London to Birmingham to head up the team there from 1 April. Under senior partner Jennie Gubbins the firm adopted a strategy based around five groups […]

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Training: Paralegal purgatory

For years, it was accepted that a stint as a paralegal would boost aspiring lawyers’ chances of getting a training contract. Is that the case any more? Training contracts are becoming more scarce. The number registered in 2011/12 was 4,869 – the lowest since 1997/98 and down from a pre-recession high of 6,303. Though investing […]

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