A troubled market: where next for PI?

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Latest Briefings

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grant freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

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Investor giant Ontario Teachers’ Pension Plan appoints Davis as new general counsel

The Ontario Teachers’ Pension Plan has appointed Jeff Davis as its general counsel, corporate secretary and senior vice-president of corporate affairs. Davis is thought to be replacing Melissa Kennedy, who held the role since July 2009. In his new position, Davis will oversee Teachers’ legal team, as well as its compliance, corporate communications, government and […]

No5 Chambers’ Richard Gibbs client acquitted in £1.7m tobacco smuggling case

Richard Gibbs’ client has been acquitted in a case where the defendant and two others where charged with a £1.7m conspiracy to evade tax on the importation of tobacco. HMRC seized the tobacco in the form of cigarettes and hand-rolled tobacco from addresses in Wolverhampton during 2012 and 2013. Shahab Ali, represented by Gibbs, has been found not […]

EALI member firm co-authors third edition of Ohada Blue Code

Hyacinthe Fansi from SCP Ngassam NJIKE & Associates, an Eversheds African Law Institute (EALI) member located in Cameroon, is co-author of the new Ohada Blue Code, third edition. The publication includes amendments to the Uniform Act on Commercial Companies and Economic Interest Grouping and the rules of procedure of the Commonwealth Criminal Justice Academy (CCJA). […]

DLA Piper advises on £113.5m multi-creditor unitranche refinancing

DLA Piper has advised GE Capital International and Ares Management on the provision of a £113.5m unitranche facility to refinance Hillarys, a UK provider of domestic blinds and window fittings owned by European Capital. The facilities include a term unitranche component, a junior term debt component and a revolving credit facility. This is the ninth […]

Sterling a major concern for robust UK manufacturing sector, says Eversheds

Robin Johnson, partner and head of diversified industrials at Eversheds, has commented on the latest UK industrial production figures: ‘While the figures indicate a slowing in the recovery, in reality UK manufacturing is still robust and confidence in the medium term remains strong.’ He added: ‘The strength of sterling is a major concern, with several […]

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