Latest Briefings

New legislative regime for virtual asset service providers

The Virtual Asset (Service Providers) Law, 2020 was gazetted on 25 May 2020 and will come into force upon issue of a commencement order in due course. The Law represents Cayman’s first legal framework for the registration, licensing and supervision of virtual asset service providers conducting business in the Cayman Islands.

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

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Lovells Seisler leaves firm six months after election defeat

Lovells former Continental Europe head Harald Seisler has left the firm six months after running an unsuccessful campaign to become firmwide managing partner. Seisler (pictured), who stood down from the European managing partner role after he was beaten to the top job by incumbent David Harris (25 November 2008), retired from the firm at the […]

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Wanted: a lawyer for Arsenal

Arsenal FC has begun the hunt for its first general counsel, following the growing number of clubs seeking to bolster their in-house legal capability. Last month, Manchester City hired corporate associate Simon Cliff from Shearman & Sterling as the team’s head of legal (see In-house Interview). Arsenal, which has never previously employed in-house counsel, is […]

Tods Murray leads way on £170m Fife hospital deal

Scotland’s Tods Murray has helped its client Consort Healthcare (Fife) reach financial close on the £170m Fife General Hospital and Maternity Services PPP. Tods Murray picked up the deal through its long-standing relationship with consortium partner Balfour Beatty, which it has advised on five UK hospital ­projects in total. The other consortium member on this […]

Hill Dickinson adds commodities nous with Middleton Potts tie-up

Hill Dickinson is to merge with London boutique Middleton Potts in a move designed to boost the Liverpool-headquartered firm’s commodities expertise. The firms will enter a tie-up as of 1 July, bringing the combined London turnover to an estimated £22m. Last year Hill Dickinson’s total turnover stood at £73.1m. As a result of the merger […]

The Transatlantic Elite 2009: The shape of firms to come

Top law firm leaders reveal their thinking. By Matt Byrne How serious and far-reaching are the structural changes facing the world’s top law firms? That in essence was the question put by The Lawyer earlier this year to some of the world’s top lawyers. Taking a cue from one of the best-known specialists on law […]

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