BVI passes legislation codifying the “Black Swan” jurisdiction

On 7 January 2021, the BVI enacted an important amendment to the Eastern Caribbean Supreme Court (Virgin Islands) Act which provides that the BVI court now has jurisdiction to grant free-standing interim relief in aid of existing or anticipated foreign proceedings.

Related briefings

Safe travels: can Bermuda’s testing approach offer lessons?

The aviation industry has been one of the worst hit by the Covid-19 pandemic. If airlines and associated businesses are to survive, it is essential that people start flying again. How to do that safely without promoting the spread of the virus is the sixty-four billion dollar question.

Provisional liquidators, the automatic stay, and the Hong Kong Court

By Ben Hobden and Norman Hau This article considers the approach taken by the Cayman Court when faced with an application by a company to appoint ‘soft touch’ provisional liquidators and obtain the benefit of the statutory moratorium when proceedings are extant in another jurisdiction, and a recent decision of the Hong Kong Court providing […]

10 Things You Need To Know About Taking Security Over a Cayman Islands Flagged Vessel

The Cayman Islands are an attractive choice for ship owners seeking financing for their vessels and for financiers looking for security in relation to their investment due to the well-established, highly experienced and client-focused shipping registry as well as a legal and political system which creates a strong, stable and creditor friendly jurisdiction. In the […]

Latest Briefings

EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions

The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]

Dealing with Requests for Flexible Working under Jersey and Guernsey Law

There is no doubt that enforced working from home (‘WFH’) during the early stages of the pandemic has accelerated changes in the way we work. Partly motivated by the initial response to lockdown measures, partly by a need to accommodate individual circumstances, employers and employees have had to adapt to changes in where, how and […]

UK Government Announces Changes to DAC6 Post-Brexit – Impact For Ireland

EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities.  Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]

Big Tech worldwide regulation: not if, but how

We appear to have reached a global consensus that it is no longer a question of if we should regulate Big Tech but how we regulate, with a flurry of legislative proposals in Europe and legal actions in the US jostling for attention in the final weeks of 2020.

Firms told to look out for domestic abuse signs

The pandemic is making employers and employees re-assess the value of the workplace. One factor, as Business Minister Paul Scully MP has pointed out, is rarely considered: are employees being subjected to domestic abuse?

Recommended

Trinity Leeds Shopping Centre

Land Securities splits GC role after departure

Land Securities’ general counsel Tim Ashby has left after five years at the FTSE 100 real estate investment trust. Following Ashby’s departure at the beginning of 2021, his role as GC and company secretary will not be replaced. Instead it has been split into two positions: former deputy company secretary Liz Miles takes on the […]

Five City lawyers make the grade in Hogan Lovells promotions

Hogan Lovells has unveiled its new partner class for 2021, with five lawyers in London attaining promotion. Of the five City members, Yasmin Waljee becomes Hogan Lovells’ first pro bono partner in Europe having been a longtime leader of the firm’s efforts outside the US. Other London lawyers reaching promotion are Francis Booth, Oliver Humphrey […]

DWF Manchester

DWF increases leave allowance for staff juggling childcare and work

DWF is increasing the number of leave days permitted for carers to give “more flexibility” to staff looking after a dependant during lockdown. The listed firm has opted for an additional day’s leave by increasing its carer’s leave policy from a half day to one day and a half for caring purposes. In addition, it has […]

deloitte

Deloitte Legal takes stock of pandemic with new consulting arm for in-housers

The leaders of Deloitte Legal’s new management consulting arm are eyeing post-pandemic changes in the in-house world as a new source of business. The new offering is being spearheaded by newly-hired leader Jack Diggle from NewLaw provider Elevate, who joined the accountancy firm in September alongside contract management expert Craig Conte and legal management consultant […]

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