Cayman Court provides clarity on costs

In a costs ruling delivered on 12 March 2021, the Honourable Justice Ramsay-Hale provided welcome clarity on the circumstances in which the Grand Court of the Cayman Islands will make a costs award on the indemnity basis. A successful party can expect to recover a higher proportion of its costs when an award is made on the indemnity basis (rather than the standard basis) since only costs that are unreasonably incurred or are of an unreasonable amount will be disallowed on taxation, and any doubts as to reasonableness are resolved in favour of the successful party.

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Taking stock: Global private equity perspectives

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INSOL Europe insights: cryptoassets and insolvency

It’s probably becoming a cliché to say that the future is already here, but it’s hard to resist. New technology increasingly pervades every professional sector, including that of insolvency.

Principles applicable to an ‘insolvent’ trust in Jersey

It is important that trustees understand their obligations if their trust structure comes under financial stress. Helpfully, the Jersey courts have provided guidance on the principles applicable to ‘insolvent’ trusts, which is likely to be highly persuasive in other jurisdictions.

Latest Briefings

Future World of Work report – one year on

How is productivity & wellbeing affected by remote working? In partnership with Leeds University Business School, Walker Morris has published the second Future World of Work report. The research explores the way we manage the boundaries between work and home and spans a broad range of individuals, companies, sectors and regions.

Upstream greenhouse gases – in or out of environmental impact assessment?

The High Court (Court) decision in An Taisce — The National Trust for Ireland v An Bord Pleanála & Ors [2021] will be of assistance to environmental impact assessors, to legal practitioners and those preparing environmental impact assessment reports (EIARs). It provides some useful guidance on understanding the concept of “indirect effects” under the EIA Directive in the context of Greenhouse Gases (GHG), particularly “upstream” GHGs, and will assist with decision-making on what scope of GHGs to include in EIARs or Environmental Impact Assessments (EIAs).

Prospects for trans-Pacific investment boosted

On 2 June 2021, four months after the UK’s formal application, it was announced the UK can start the process of joining the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”).

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