This is an update for our clients on how the authorities in our core jurisdictions are responding to Covid-19 and the implications of this in relation to the transaction of business. The purpose of this report is to help our clients better understand what “business as usual” in our jurisdictions* actually means. By clicking on […]
Bermuda’s regulatory regime for trust business has recently been enhanced. A framework for the supervision of relevant private trust companies has been introduced and this month new filing requirements for PTCs will take effect.
The Royal Court’s pragmatic approach to assisting insolvency office-holders in exercising their duties has enabled Guernsey’s corporate regime to adapt with market trends in other leading jurisdictions, notwithstanding that the corporate insolvency legislation itself has remained unchanged for some years. The Ordinance will introduce an array of new measures, making Guernsey an even more attractive […]
By Richard Field “Is this the real life, is this just fantasy? Caught in a landslide, no escape from reality” Freddie Mercury seems to have summed up the current global situation nicely. It also sprung to mind whilst out for a (rare) morning run this week. Traffic was non-existent, and the only other person around […]
Appleby acted for the Appellant in the matter of Jeremy William Hodgson v The Registrar General before the Assessment Review Committee (ARC). BACKGROUND By letter dated 8 November 2018, the Economic Development Board Mauritius approved an Application by Mr Hodgson, a South African national, to acquire property in Mauritius for residence under the Integrated Resort […]
With more organisations every day having to take drastic measures against the spread of COVID-19, those of us with jobs that can be done remotely should be thankful. Whilst not everyone across firms and chambers have the option, many of us do, and where possible should be looking to work from home. If you’re not […]
Reading Time: 5 minutes Remote working has really caught on in the past 5 years, and for a number of reasons (from huge tech improvements, to global health crises) is growing in popularity. But while some people are already familiar with what it takes to work from home effectively, others are only just having to […]
This briefing looks at the following measures country by country: Are measures that provide for (1) a deferral of payments and/or (2) a freeze on enforcement (each, a “Moratorium”) in place / planned? Is the Moratorium (quasi-) voluntary or imposed by an authority / regulator? Does the Moratorium apply to local creditors only or does […]
The Government of Jersey implemented new measures on 30 March 2020 that, amongst other things, restrict public gatherings to no more than two people. These measures largely reflect similar restrictive measures implemented by the UK Government on 26 March 2020 (Stay at Home Measures). In light of the introduction of the Stay at Home Measures, […]
Our Senior Associate Dr. Panagiotis Tsangaris contributed the Cyprus chapter in the book Sanctions in Europe published by WorldECR. The book examines the national regime implementing sanctions and restrictive measures in each EU Member State, including the responsible agencies, the conduct of investigations, the grant of licences, the domestic record of sanctions investigation and enforcement.
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A partner from McDermott Will & Emery’s finance practice has left the firm after 18 months for Addleshaw Goddard. Rachel Kelly, who specialises in structured finance and debt capital markets, moves to Addleshaws with fellow lawyer Kerry Pettigrew, who joins Addleshaws as a legal director. Kelly was one of the first partners to depart the […]
DWF, Blackstone Chambers and 11KBW today pulled off a dramatic victory for Morrisons in the Supreme Court, as it ruled that the supermarket chain was not ‘vicariously liable’ for a mammoth data breach that affected over 100,000 employees. In a judgment handed down by five justices via live stream on Wednesday morning, the Supreme Court unanimously […]
Almost 400 barristers registered to the Irish Bar have volunteered to carry out coronavirus contact tracing in order to help relieve pressure on health staff. A total of 385 barristers, which is about one-sixth of all practising barristers in Ireland, have signed up to volunteer for the Health Service Executive. Under the scheme, which is […]
Shearman & Sterling’s Italian arm has told its staff that it will not be handing out any pay rises this year. Following a management decision, which is understood to have been made slightly before the coronavirus outbreak, staff in the Milan and Rome offices of the US firm will not be granted raises for the […]
Covington & Burling has made its first London lateral hire in two years, bringing in a new partner from Bryan Cave Leighton Paisner to boost its competition capabilities in the City. James Marshall joins the Washington DC-based firm after more than 10 years at BCLP, having spent nine of those years at Berwin Leighton Paisner […]
Ashurst has launched a consulting business in its Australian offices, hiring a chief strategy officer from Deloitte to run one of the groups. Philip Hardy – who was chief strategy officer of Deloitte’s audit and assurance division – will run Ashurst’s risk advisory service, which will focus on how to manage risk and compliance issues […]