A just and equitable decision: Cayman CoA defines limits of arbitration in a winding up

On 23 April 2020, the Cayman Islands Court of Appeal (“CICA”) delivered an important decision in the case of Re China CVS (Cayman Islands) Holding Corp., which focussed on the question of arbitrability of shareholder petitions for the winding up of a company on the just and equitable ground. The CICA (Moses JA, Martin JA and Rix JA) unanimously determined that the petition in question was not arbitrable, thus overturning the first instance decision of Kawaley J, which formed the subject of our bulletin “Court Grants Mandatory Arbitration Stay in Winding Up Proceedings”.

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Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

SMAs – a phoenix from the flames of Covid-19?

One of the consequences of the slowdown in fundraising caused by the recent pandemic seems to have been an increase in the use of Separately Managed Accounts as investment vehicles.

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

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