Job watch: The North West

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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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Ashurst finance partner quits for Davis Polk

Davis Polk & Wardwell has picked up Ashurst finance partner Nick Benham, in the latest in a string of departures from the UK firm. Benham is the fourth partner to leave Ashurst in the past month. Yesterday, it emerged that corporate partner Eavan Saunders Cole was leaving, ultimately to join Irish firm William Fry following […]

S Chelvan of No5 Chambers gives comment to BBC on gay asylum seekers case

S Chelvan of No5 Chambers analysed the impact of a case concerning three gay asylum seekers on the BBC World Service Newshour program on 7 November.  The case — C-199/12, C-200/12, C-201/12 – X, Y, Z v Minister voor Immigratie en Asiel — concerned three gay asylum seekers from Senegal, Sierra Leone and Uganda. The court held […]

Does ‘all monies’ mean all monies?

By Rebecca Mauleverer Earlier this year, the Court of Appeal, in National Merchant Buying Society Ltd v Bellamy and Another, held that an all-monies, continuing guarantee, given when there was an existing specific obligation, was not discharged by a subsequent variation. A guarantor’s liability under a guarantee is a secondary obligation and is contingent on […]

Lloyds’ outsourcing u-turn

The path to outsourcing is not a smooth one for banking giant Lloyds. In July The Lawyer revealed that the bank was looking to outsource its retail & wealth and asset finance litigation teams to a panel firm, a bombshell that saw the project hastily put on hold. But the review, known internally as Project […]

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