The initial focus following the signing of the Paris Agreement was on the commitments made by governments from around the world to take action to combat climate change. The term climate finance was equated with the financial resources committed by governments for investment in the transition to a climate neutral global economy.
Bills to bring in significant amendments to the BVI’s trusts and probate legislation were gazetted on 12 March 2021. Below is a summary of the headline changes.
The article considers the range of vehicles available in the Cayman Islands for alternative investment fund (“AIF”) structures designed for financial institutions, pension funds, sovereign wealth funds, family offices and (U)HNWs (as opposed to retail investors), as well as the legal and regulatory considerations that may influence the structure of an AIF.
This advisory provides an overview of the Bermuda sanctions regime, gives an update on how the regime has been impacted by the United Kingdom’s recent exit from the European Union and outlines some practical steps that we would recommend taking to comply with the regime.
The BVI Business Companies Act, 2004 (as amended) (the “Act”) and its predecessor statute have long recognised that companies which incorporate in one jurisdiction may benefit from the flexibility of being able to migrate to another jurisdiction.
While the general principle that e-signing is as valid as wet-ink signing has been of great comfort to lawyers and their clients since the impact of Covid-19, there are certain aspects of Jersey and Guernsey legislation which could benefit from some updating.
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A former employee of Starling Bank has brought claims of whistleblowing and discrimination against the group, with its general counsel also named as a respondent in the case. Gulnaz Raja, who was deputy secretary to Starling’s board from 2019 to 2020, is taking on the business in the Employment Tribunal a year after leaving. Court […]
Charles Russell Speechlys has finalised an approach to the reopening of its UK offices, as it eyes a wider repopulation in September. The UK firm will gradually reopen the premises during the summer as part of the first phase of the plan. In September, the firm will kick off a six-month pilot to try out […]
Hive Energy has appointed a CMS lawyer as its inaugural general counsel. Alex Lane joins the solar energy business after four years as an associate at CMS. As a property lawyer in the firm, he advised companies in the energy sector in relation to their acquisition of land rights for solar farms, wind farms and […]
White & Case has hired two partners from Shearman & Sterling, as it rebuilds its London ranks following a recent steady flow of defections. The US firm has taken on partners Tim Sheddick and Katie Hicks, who have spent little more than two years at Shearman. Sheddick is a partner in the project development and […]
CMS has made up 52 lawyers to partner worldwide, its largest-ever promotions round. The firm has promoted 52 partners globally, spanning 22 offices of which the UK accounted for 44 per cent of the total. In the UK, 23 new partners were made up. Of the London partners, energy lawyer Dalia Majumder-Russell joined from Clyde […]
Associates in the London office of Kirkland & Ellis are seeing expectations around their target hours spike considerably, The Lawyer has learned, as a result of rising workloads. Sources said junior lawyers at the US firm have seen their targets skyrocket. Over the past few months, they have risen from the bonus threshold of 2,000 […]
