Cayman Islands transition register – a safe landing spot in turbulent times

Thanks to a relatively new initiative, the Civil Aviation Authority of the Cayman Islands may now be able to offer a solution to financiers and lessors considering enforcement and repossession action through a temporary registration of the aircraft on the Transition Register.

Related briefings

GDPR and the Cayman Data Protection Law for Insurance Managers (and clients)

The General Data Protection Regulation 2016/679, or GDPR, is a set of EU regulations aimed at the protection of personal data and privacy of natural persons (not corporations) based within the EU. The GDPR has extraterritorial effect in that it applies to the processing of personal data of persons who are situated in the EU […]

The Private Funds Law and the Cayman Islands’ Status with the EU

In February 2020 the EU included the Cayman Islands on its Annex 1 list of non-cooperative jurisdictions for tax purposes; the so-called “black list”. Whilst the Cayman Islands Government had endeavoured to address the EU’s concerns in respect of the regulation of collective investment vehicles through the passing of The Private Funds Law (the “PFL”) and The Mutual Funds (Amendment) Law on 31 January 2020, the laws were only enacted on 7 February.

BVI Norwich Pharmacal orders unaffected by Broad Idea

Since the Court of Appeal’s decision in Broad Idea International Ltd v. Convoy Collateral Ltd BVIHCMAP 2019/0026 was handed down on 29 May this year, our litigation team has frequently been asked to advise on the impact of that decision on the BVI Court’s jurisdiction to grant interlocutory relief in aid of foreign proceedings, and Norwich Pharmacal orders in “support” of intended foreign proceedings. In relation to interlocutory relief generally, the reality is that, post Broad Idea (No 2), the position is now somewhat uncertain.

Latest Briefings

Swiss Federal Supreme Court follows the practice of EPO’s Board of Appeal on singling out

In a recent decision (4A_613/2019, 11 May 2020), the Swiss Federal Supreme Court (Supreme Court) followed the practice of the Board of Appeal of the European Patent Office (EPO) as it held that the singling out of single features from two separate lists of features and therefore the combination of these  two specific features constitutes an extension of the subject-matter of the patent application leading to its nullity.

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

Cyber security: Proactivity vs reactivity

Worried about the rise in cyber crime? Peter Yapp explains to Counter Terror Business Magazine how to “expect the unexpected” and get proactive when it comes to cyber security.

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Newcastle

Norton Rose Fulbright capitalises on Newcastle growth with internal overhaul

Norton Rose Fulbright‘s innovation arm has netted £10m worth of instructions in the last quarter, as the firm reorganised its Newcastle services hub. The client offerings developed by the firm’s 130-strong change and innovation programme NRF Transform over the past few months have resulted in a slew of profitable projects despite the Covid-19 pandemic. The […]

Warsaw

Two CEE firms merge in spite of Covid-19 headwinds

Two Polish firms are merging into a single entity, a rare fusion at a time when the coronavirus is ravaging the global legal market. The combination of mid-size local firms Zieba & Partners and JS Legal will be called B2R Law Jankowski Stroiński Zięba, and will number 14 partners, as well as 70 lawyers. The […]

Addleshaws sets up new Covid-19 tool for GC clients

Addleshaw Goddard is offering clients a new platform that allows them to have an overview of their rising workload for free, as clients grapple with the consequences of Covid-19. The firm has developed a ‘legal front door’ platform that allows small and medium in-house legal teams to track the matters on their plate while facing […]

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