Related briefings

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

Cayman Islands Updated Economic Substance Guidance

Version 3.0 of the Cayman Islands guidance notes (“Guidance”) on the Cayman Islands’ economic substance legislation provides additional assistance in interpreting the International Tax Co-operation (Economic Substance) Law (the “ES Law”).

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

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WFW cuts 12 PA roles after consultation process

Watson Farley & Williams (WFW) has made 12 of its legal PAs redundant, following a consultation earlier in the month. WFW confirmed it has cut 12 roles due to the switch to remote working during the Covid-19 pandemic. In April, the firm furloughed 49 non-fee-earners in the UK and suspended partner distributions. Some staff also had their salaries […]

Solicitors Regulation Authority

Womble Bond Dickinson rebuked by regulator

Womble Bond Dickinson (WBD) has been rebuked and fined by the Solicitors Regulation Authority. The regulator investigated after WBD self-reported. A corporate client asked WBD to hold funds for it in the firm’s accounts. The client requested that these funds were held on behalf of the client’s client – who was not associated with WBD. […]

Irwin Mitchell enters redundancy consultations as 110 roles face axe

Up to 110 jobs are at risk of redundancy at Irwin Mitchell after the firm indicated it was responding to the long-term change in working patterns triggered by Covid-19. The national outfit today announced the next phase of its response to the pandemic, claiming that redundancy consultations are a direct result of an increased shift […]

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