Related briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Tale of three funds

This article explores the collapse of three funds across three different jurisdictions and then sets out some of the lessons to be learnt by directors and fund managers.

Guernsey injunctions in aid of foreign proceedings

Where a potential judgment debtor in “onshore” proceedings threatens to dissipate its assets, the plaintiff may face a Pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Guernsey company or has assets in Guernsey, the Royal Court of Guernsey has a statutory jurisdiction to grant an injunction in aid of those foreign proceedings including freezing injunctions to prevent defendants dealing with the relevant assets in Guernsey.

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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Washington DC

Crowell to add Squires’ Washington team ahead of Doha move

Crowell & Moring is to launch a second raid on Squire Patton Boggs, bringing over a four-lawyer team in Washington. Having poached a nine-lawyer team in Doha, Crowell is also set to add three more partners from Squires; litigation partner Michael Guiffré, infrastructure partner Robert Hager, and construction and commercial disputes partner Meagan Bachman. A senior […]

exit

Mayer Brown brings in K&L Gates restructuring partner

Mayer Brown is beefing up its restructuring practice with a new lateral from K&L Gates. The London office of the US firm has targeted the rival by bringing in restructuring partner Barry Cosgrave, who will spend time between the City and the firm’s Dubai office. He spent over four years at K&L Gates, where he […]

Penelope Warne

CMS gives green light to profit distributions after pandemic delay

CMS is looking to resume partner profit distributions for the last financial year this month, as it finds itself in better financial shape after the onset of the pandemic. It means they will happen slightly earlier than expected, as they were initially slated to happen between late autumn and early winter. The decision comes as the […]

Scalpel

MoFo preps office rota system – but holds back on reopening date

Morrison & Foerster (MoFo) is grappling with when its staff might return to the London office, establishing a rota system for two teams. The plan for London has been devised by Europe managing partner Paul Friedman and head of legal talent and recruitment Lynnsey McCall. Once it finally reopens, the firm will operate rotations between […]

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