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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Slaughters and Linklaters lag in first-half M&A tables

Slaughter and May and Linklaters have seen sizeable drops in their share of the UK M&A market, according to figures for the first half of 2011. Preliminary data provided by Thomson Reuters shows that Slaughters’ market share in deals with UK involvement announced between January and June is 40 per cent down on the same […]

Kirkland, White & Case lead on Securitas sale

Kirkland & Ellis and White & Case snatched key roles advising on EQT Funds’ SEK21 (£2.04m) sale of security products maker Securitas Direct to a private equity consortium. Bain Capital and Hellman & Friedman are set to acquire the business from the Swedish private equity group, beating off competition from US tool maker Stanley Black […]

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LPC classes empty as dynamic duo corner market

It is no great secret that the LPC market has in recent years been dominated by BPP Law School and the College of Law (CoL). This is confirmed by Central Applications Board (CAB) statistics obtained by The Lawyer’s sister title Lawyer 2B, which show that between them the two providers had 6,910 full-time validated LPC […]

Belgium’s Altius hires team from Vlaemminck & Partners

Belgian firm Altius has taken on a regulatory and trade practice group from boutique firm Vlaemminck & Partners. Managing partner Philippe Vlaeminck joins Altius as a partner, bringing with him a team of four lawyers. He will head up an EU regulatory and trade practice at his new firm. Vlaemminck represents companies and governments in […]

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DLA and Maclays lead on Jane Norman pre-pack

DLA Piper and Scottish firm Maclay Murray & Spens have taken lead roles advising on the sale and restructuring of fashion retailer Jane Norman, which entered administration on Monday (27 June). A team from DLA Piper led by partner Sarah Coucher is advising joint administrators Alastair Beveridge, Simon Appell and Anne O’Keefe from Zolfo Cooper […]

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