Related briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Tale of three funds

This article explores the collapse of three funds across three different jurisdictions and then sets out some of the lessons to be learnt by directors and fund managers.

Guernsey injunctions in aid of foreign proceedings

Where a potential judgment debtor in “onshore” proceedings threatens to dissipate its assets, the plaintiff may face a Pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Guernsey company or has assets in Guernsey, the Royal Court of Guernsey has a statutory jurisdiction to grant an injunction in aid of those foreign proceedings including freezing injunctions to prevent defendants dealing with the relevant assets in Guernsey.

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

Recommended

Webinar: Staying relevant in changing times – Vets vs Fintechs

This free to watch webinar is part of the In-house Financial Services virtual event that took place between 30 June – 2nd July, and available to watch now. This panel discussion aims to compare and contrast the longevity and experience of traditional firms with the adaptability and risk-taking attitude of Fintechs while considering the role of the legal team and the optimal position to be in. Defining the future for financial services business models is key for ensuring prosperity ahead of turbulent times. Traditional models and new emerging tech start-ups have varying structures, so what exactly are the differing approaches of the market and what is the optimal position for the future of the industry? Complete the form below to access the 40-minute webinar and hear the speakers discuss: What will be the business models of the future? What are the learnings from both traditional firms and new start-ups? Are the traditional firms adapting at pace? Is the rapid growth of tech start-ups sustainable? Are corporate governance and compliance challenges affecting growth? What are the potential impacts arising from COVID-19 on each of these areas, including the challenges and opportunities?   Speakers: Simon Coles, General Counsel, Growth Street Gloria Sánchez, Group Vice President, Head of Legal for Technology, Costs and Transformation, Banco Santander Victoria Matthews, Head of Legal, Zopa Oscar Hållén, General Counsel, Klarna Bank   Moderator: Jan Putnis, Partner and Head of Financial Regulation Group, Slaughter and May

computer

Law firm website usage down 15 per cent, claims new report

Audiences are spending less time reading law firm websites than before, according to a new report, despite the need for firms to disseminate information during the coronavirus pandemic. According to findings published in The Digital 100, engagement levels for the websites of the world’s largest firms dropped 15 per cent over the last quarter. Just […]

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