There is no doubt that as a consequence of the pandemic, the way we work and live has changed. Our attitudes, our priorities – they have all shifted slightly. They say the days of people working in the office are over, commentators speak of people moving west to work remotely, of hotels being repurposed, of the retail experience fundamentally changing. So yes, the world has changed, but the hard truth is that the pandemic cannot change the world retrospectively. Meaning, if you agreed to something in 2018 you cannot necessarily get out of the agreement because in 2020, the rug was pulled out from under all of us.
The Cayman Islands Monetary Authority (CIMA) has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA’s expectations and licensing requirements for applicants of class B insurer’s licences.
This report covers key developments for asset management and investment funds during the quarter.
The Guernsey Financial Services Commission has updated its Private Investment Fund regime to expand the available PIF product options.
Cayman Islands fund vehicles registered as private funds with the Cayman Islands Monetary Authority (CIMA) under the Private Funds Act are required to have their accounts audited annually by a CIMA-approved auditor and to submit the audited accounts, together with a fund annual return, each year to CIMA.
The funds, built on oil and gas revenues, will need strong governance principles underpinning them if they are to succeed.
In the recent case of Balfour Beatty Regional Construction Ltd (BB) v Van Elle Ltd, the question before the Technology and Construction Court (TCC) was whether the sub-contract superseded any prior contractual relationship between the parties, or whether the sub-contract was subject to Van Elle’s standard terms and conditions.
Oversee the creation and implementation of a digital strategy.
In December 2020, the Guernsey Financial Services Commission (Commission) published a consultation paper containing proposals to amend the rules in respect of Private Investment Fund (PIF) (the PIF Rules) to allow more investor categories to take advantage of an appropriately regulated fund structure.
In some ways, the recent losses incurred by banks such as Credit Suisse through their exposures to Archegos Capital Management and Greensill Capital had very different causes. However, a closer look shows some interesting similarities as to why these operations created such large and unexpected losses for banks.
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With London firms thriving in the city, Bristol’s old guard have competition on their hands.
Restructuring hires are on the rise but some firms may have moved too slowly.
What the magic circle’s 2021 partner promotions round can tell us.
House prices in London have been increasing faster than lots of lawyers’ salaries.
The difference between Latham and Kirkland’s London revenue is narrowing.
Listed law firms are on the acquisition trail, but what about their organic growth?
DWF has taken on a five-lawyer team in a bid to boost its UK corporate and real estate practices, with the majority of the group hailing from DLA Piper. The firm has taken on Leeds-based DLA Piper senior corporate partners Wendy Harrison and Jonathan Procter. In addition, it has brought in DLA partner and Leeds […]
Linklaters is advising on the £420m sale of Topshop’s flagship Oxford Street store. Restructuring partner Richard Hodgson and managing associate Max Krasner have taken on the work for Interpath Advisory, KPMG’s former restructuring practice. In March, KPMG sold its UK restructuring practice to HIG Capital, renaming it Interpath. KPMG said that the decision to sell the […]
Linklaters has partnered with Barbri to deliver preperation courses for the Solicitors Qualification Exam (SQE) to overseas lawyers The magic circle firm is part of the City Consortium of six large London firms that have signed up to allow BPP Law School to prep their future trainees for the SQE. However the partnership with Barbri […]
Linklaters has won a mandate to advise the Government on its five-year review of Pool Re, Britain’s leading terrorism reinsurer. The magic circle firm will rack up £395,000 to provide insurance and commercial expertise around the negotiating and drafting of commercial agreements and contracts. The review, run by HM Treasury, is aimed at ensuring that […]
Two of the Continent’s biggest legal players, French giant Fidal and German independent Luther, are launching an exclusive association under the umbrella of a Swiss Verein. The two firms, whose collective turnover approaches €500m, are vowing to remain independent but share resources under the Unyer brand to serve international clients with inbound European work. According […]
Crowell & Moring has boosted its City offering with a competition recruit from Simmons & Simmons. Longstanding Simmons partner Peter Broadhurst moves across to the Washington-headquartered firm. His hire comes a month after Crowell gained two partners and four associates in London through its merger with New York boutique Kibbe & Orbe. They are made […]
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