This month’s webcast covers the following Cayman Islands topics: CIMA Inspections of SIBA Registered Persons; Department of International Tax Cooperation (“DITC”) – Updates Bulletin – 15 April 2021; Economic Substance; and Monthly New Product
This Webcast examines Culture, Individual Accountability and Fitness & Probity: Key Issues for Independent Non-Executive Directors in the financial services sector.
We are delighted to present our May 2021 edition of The CLOser.
In a recent ex tempore judgment of Wallbank J in the long-running matter, JTrust Asia Pte. Ltd v Mitsuji Konoshita and Anor BVIHC(COM)2017/0226, the British Virgin Islands Commercial Court has, in a first for the Territory, determined that a cross undertaking in damages will be implied into a receivership order unless the usual requirement it be provided was expressly considered and dispensed with by the Court when the order was made.
The Finance (Tax Appeals) Act, 2015 introduced a new architecture for the hearing and determination of tax appeals. Amongst other changes, the Tax Appeals Commission (the “TAC”) replaced the Appeal Commissioners, with appeals directly to the High Court only on question(s) of law arising from the TAC’s determination (a ‘case stated’), rather than to the Circuit Court on the basis of a full rehearing of the tax appeal.
How COVID-19 impacts commercial lease obligations.
The Supreme Administrative Court is gradually granting more rights to environmental organisations (EOs) in nature conservation procedures.
When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.
Bernardine Adkins, the Head of EU, Trade and Competition gives an overview of what the Brexit deal – the Trade and Cooperation Agreement – means for the property investment community.
Stephen Barclay, the Chief Secretary to the Treasury, has announced an extension to the moratorium preventing the eviction of commercial tenants for non-payment of rent.
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Firms could soon be forced to disclose their clients to secure green mandates
Pounds, not dollars, should be the weapon of choice in the NQ pay war.
Davis Polk has consistently been one of the highest performing US firms over the last decade.
Firms with spacious offices are the ones that will return to work the fastest.
With law firm revenues on the rise, clients are looking for efficiencies
The challenges are mounting for Stephenson Harwood CEO Eifion Morris
Vinson & Elkins has followed in the footsteps of its US rivals by raising its pay level for British newly qualified (NQ) solicitors. The firm has increased NQ pay from £147,500 to £153,400. Five of the firm’s six qualifiers this autumn will stay on to take advantage of the new rates, which come into effect […]
Dechert has concluded a review of its secretarial function in London, with nine individuals taking voluntary redundancies. The nine people who took the opportunity included six part-time individuals and three full-time ones. They received an enhanced package and outplacement support upon leaving the firm. Meanwhile, the firm’s City office has restructured the secretarial function. The […]
Pinsent Masons is the latest firm to increase its NQ salaries as the rest of the legal market starts to play catch-up with recent hikes at the top end. For those based in the firm’s London office, associates will now be paid a salary of £75,000, which is an increase of £2,500 on last year. […]
Hogan Lovells expects the majority of staff to spend at least 60 per cent of the working week in the office once its employees return in mid-September. With staff set to spend just under half of the week working remotely, the firm said this will serve as a response to certain staff’s wishes for a […]
Baker McKenzie has sent out a guide for hybrid meeting etiquette as part of its new agile working policy. For when it returns to the office later in the summer, the firm has introduced a “2+2+1” approach to remote working – BAgile – meaning people can work two days in the office, two from home, […]
The High Court has ruled against Linklaters’ client Kelkoo in a £1bn competition scrap with Google. The outcome is an early win for Google, represented by Herbert Smith Freehills, which is being challenged for allegedly breaching competition law by unlawfully abusing its dominant position and causing European price comparison service Kelkoo significant loss and damage. […]
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