Latest Briefings

Channel Islands Funds Quarterly Update: Q2 2020

Contents: 1 Developments in the Channel Islands 1.1 Mandatory Disclosure Rules 2 Jersey developments 2.1 Deadline for submission of JPF annual compliance return extended 2.2 Outsourcing Notifications to be submitted online 2.3 JFSC consultation on changes to fund fee rates 2.4 JFSC Annual Report 2019 published 2.5 Migration of foreign limited partnerships into Jersey 2.6 […]

Update on Cayman Islands mutual funds law and regulation

Timing for Registration of Previously Exempt Funds The sponsors and operators of Cayman Islands mutual funds which benefited from the “15 investor exemption” under the Mutual Funds Law (as amended) (the “Mutual Funds Law”) should, unless otherwise out of scope, by now be undertaking the process of registering with the Cayman Islands Monetary Authority (“CIMA”). […]

Limited partners’ extensive right to true and full information

In the recent judgment of In the Matter of Gulf Investment Corporation et al v. The Port Fund LP et al and the earlier judgment of Dorsey Ventures Limited v. XIO GP Limited, the Cayman Islands Grand Court has provided some welcome clarification regarding the extent of a limited partner’s statutory right to information in an exempted limited partnership.

Cayman Islands private funds law – expanded scope

The Cayman Islands Government has approved an important amendment to the Private Funds Law 2020 (PF Law) that will increase the number and categories of closed-ended Cayman investment vehicles required to register with the Cayman Islands Monetary Authority (CIMA).

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Freshfields’ Akhtar named Mena head a year after defecting from A&O

Freshfields Bruckhaus Deringer has appointed Pervez Akhtar as regional managing partner for the Middle East and North Africa (Mena), less than a year after hiring him from Allen & Overy (A&O). Akhtar, who joined Freshfields in December (17 December 2010), will also continue to hold the position of corporate head for the region. He replaces […]

Brick Court win spells no compensation for Northern Rock shareholders

Mayer Brown and Brick Court Chambers have won a victory that supports the Government’s actions over the collapse of Northern Rock in 2008. A three-strong panel of the tax and chancery Upper Tribunal has decided that Northern Rock’s independent valuer had been correct to assign no value to the stricken bank’s shares. The decision meant […]

Alex Dell
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DLA Piper beefs up City finance team with Deutsche hire

DLA Piper has bolstered its London finance group with a hire from Deutsche Bank. Mark McGiddy joins as a partner in DLA Piper’s London finance and projects group today and will sit in the structured finance team under the leadership of Alex Dell. McGiddy joins from Deutsche Bank, where he was a director in the […]

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SNR Denton adds restructuring partner from Dickie Dees

SNR Denton has hired a restructuring partner from Dickinson Dees as the firm continues to scour the market for senior lawyers. Will Gunston, who was a partner in Dickinson Dees’ Newcastle office and headed the firm’s bank and creditor-led restructuring practice, will join SNR Denton in London. Gunston specialises in corporate and debt restructurings, and […]

Philip Henson
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Cameras in court – Open Justice or “LEX” Factor?

No sooner had the detritus of the riots been swept from our chartered streets than the media whipped itself into veritable frenzy about the quantity of custodial sentences handed down to offenders[1].  Philip Henson is head of employment law at Bargate Murray Then along came a rather teasing announcement from the Lord Chancellor and Secretary […]

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