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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PEP bounces back at BLP up 35 per cent to £542k, revenues at £246m

Berwin Leighton Paisner has unveiled a 5.6 per cent rise in turnover for the 2013/14 financial year to £246m and boosted profit per equity partner (PEP) to £542,000. Last year the firm’s revenue dropped 5 per cent from £246m to £233m for 2012/13 but the firm delayed releasing its PEP figure until September, when it […]

DLA Piper appoints Julia Gorham as head of its employment practice in Asia

DLA Piper has announced the addition of Julia Gorham as head of the Asia employment practice. She joins as a partner from JP Morgan, where she was the executive director of the litigation and employment counsel, Asia-Pacific, since 2010. Gorham brings with her recognised expertise in employment law and internal investigations, as well as contentious regulatory proceedings and […]

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In-house interview: Deborah Foo, GC, China Yuchai International

China Yuchai GC Deborah Foo engineers smooth investor relations and new ventures for an organisation that stretches across four culturally diverse territories and spans activities from building engines to hospitality Bridging the cultural differences between the company’s Chinese business and its foreign investors is an important aspect of Deborah Foo’s job as general counsel of […]

Gender targets are trendy, but they are also essential

More power to gender diversity initiatives, as Linklaters gets on board Did Pinsent Masons think it would be a trendsetter when it adopted gender diversity targets in March? They are certainly a must-have now. Linklaters is the first of the magic circle to adopt the initiative. By 2018 it wants 30 per cent of its […]

Eversheds advises Zound Industries on investment by TeliaSonera

Swedish telecoms operator TeliaSonera has invested in audio fashion house Zound Industries — which was advised by Eversheds’ Swedish office. The partnership means that TeliaSonera will acquire a stake in Zound Industries, enabling the telecoms operator to bundle fashion headphones, audio speakers and device accessories together with their mobile telecommunications. The partnership will give TeliaSonera […]

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