BVI probate process

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Damages for wrongful dismissal in the Royal Court of Jersey

By Huw Thomas The Jersey Royal Court has recently held that the damages available for wrongful dismissal, may not, in some circumstances, be limited to compensation for the contractual notice period. The standard common law approach to assessing damages arising from the termination of a contract of employment is to limit such damages to the […]

New order: (Economic) substance and the Bermuda funds industry

By Adam Bathgate Bermuda was one of several international financial centres to enact economic substance legislation during the latter part of 2018. Along with these other jurisdictions, which included the British overseas territories of the Cayman Islands and the British Virgin Islands and the Crown Dependencies of Guernsey, Jersey and the Isle of Man, Bermuda […]

OECD latest review includes approvals for Guernsey and Jersey

By David Patterson The OECD Forum on Harmful Tax Practices (FHTP) has concluded that the domestic legal frameworks of Guernsey and Jersey are in line with agreed standards and therefore “not harmful”. This latest endorsement follows the approval by the EU Code of Conduct Group of the substance regimes of both jurisdictions in March 2019. […]

Migrating to Guernsey: A jurisdiction of quality and substance

By James Cooke Over recent years, Guernsey has seen an influx of entities migrating from other jurisdictions, for a multitude of reasons, which reflects Guernsey’s strong offering in key areas across the financial services sector. Another wave of migrations is anticipated in light of the EU’s new substance requirements with Guernsey, unlike some other offshore […]

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Ediscovery Buyer Guide 2019: A Framework for Selecting the Right Solution

Executive Summary The digital universe is growing at an exponential rate—expected to reach 44 trillion gigabytes by 2020—creating a big, expensive problem for litigators and internal investigators who aretasked with mining through increasingly massive troves of documents. Although there are many solutions for document review, conducting thorough vendor evaluations is a challenge. This paper is […]

THE IN-HOUSE LEGAL BUSINESS PARTNER

More with less Today’s in-house legal departments operate in an increasingly complex environment. It’s a juggling act to balance a range of challenging legal issues as well as greater strategical involvement with other parts of the business, with limited costs. Lack of transparency Another challenge is the potential threats that may occur unexpectedly. Since legal […]

Taylor Rose case study: managing complex cases with Laserform

Taylor Rose needed a system which could easily be adapted to meet the needs of some of their more complex cases without incurring heavy costs, and so switched to Laserform from Advanced. Charlotte Corbyn, solicitor at Taylor Rose explained: “The forms we were using just wasn’t practical for a firm like ours. One of the major […]

Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies

By Oliver Quarmby, Alexandra O’Grady The AIC Code is a framework of best practice in respect of the governance of investment companies published by the Association of Investment Companies (AIC). Founded in 1932, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, real estate investment trusts and venture […]

Right of first refusal clauses are now recognised by Bulgarian courts

By Diana Dimova, Nina Tsifudina The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No. 2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”) clauses. This decision opens the door for the enforcement of such clauses in Bulgaria. It […]

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In court this week: Conspiracy and enforcement with Clifford Chance, Sidley Austin and Ashurst

Clifford Chance, Fieldfisher and CMS Cameron McKenna Nabarro Olswang are just some of the high-profile names appearing in court this week, as another Top 20 case hits the High Court. CMS partner Bernard O’Sullivan will be battling a claim against defendants represented by Fieldfisher partners Colin Gibson and Dan Hayward, Clifford Chance partner Julian Acratopulo […]

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