Court of Appeal orders security for costs in winding up

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Related briefings

Setting up an office in Bermuda

Now that you have incorporated in Bermuda or established your Bermuda trust, the next step is to set up an office on the island. There are many factors to take into account, including: Employment considerations (immigration, contracts) Employer responsibilities (payroll tax, social, insurance, pensions, health insurance) Premises and residential accommodation Moving family and household Employment […]

British Virgin Islands – Aviation Law Review

By Audrey M. Robertson The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance, not only in the private and corporate jet sectors, but also in the commercial aircraft sector. Although commercial aircraft are generally not operated out of or registered in the British Virgin Islands, the British Virgin Islands is playing an […]

Cayman Asia – M&A Report, H1 2018

By David Lamb, Richard Hall, Flora Wong, Anna W.T. Chong, Teresa Tsai, Richard D. Fear, Christopher W.H. Bickley, Kevin C. Butler This Cayman Asia M&A Market Report recaps merger and acquisition activity involving Cayman public companies listed on the Stock Exchange of Hong Kong (“SEHK”) for the first half of 2018. Volume of Acquisitions Decreases, Value […]

Bermuda – A preferred choice for private equity funds

By Neil Henderson, Peter Ch’ng Bermuda’s flexibility and ease of use for the creation and administration of investment funds is well recognised. As one of the world’s leading offshore jurisdictions, it is a premier domicile for private equity groups. Neil Henderson of Conyers’ Bermuda office and Peter Ch’ng of Conyers’ Hong Kong office discuss the advantages […]

Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

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Court

Gibson Dunn Dubai partner faces cross-examination over falsified evidence claim in Djibouti case

Gibson Dunn & Crutcher partner Peter Gray will undergo cross-examination in the High Court in early March over allegations that he submitted evidence containing falsified information during a September 2013 case for the government of Djibouti. Gray, who was instructed by the Djibouti government in its long-running case against African businessman Abdourahman Boreh, is alleged […]

Money

Reed Smith year-end financials show 7 per cent revenue boost to $1.15bn

Reed Smith has posted a 7 per cent boost in its year-end financial results, growing from $1.075bn to $1.15bn (£746m) in 2014. Reed Smith’s average profit per partner increased by 6 per cent, from $1.14m to $1.2m last year. Revenue per lawyer also grew, by 2 per cent to $703,000 from $691,000. The results are […]

food

The Gay Hussar

“We had that Hugh Grant in here once, upstairs, private party. They had 19 bottles of this wine. Not a lot, between the 17 of them, but I had to taste them all.” “Oh,” I say politely, “that’s quite a lot, how did you manage?” “I came downstairs, had a Jack Daniels chaser and went […]

Two listings in two months guided by Wragge Lawrence Graham & Co corporate team

In the past two months Wragge Lawrence Graham & Co’s corporate team has acted for two special purpose acquisition companies on admission to the UK Listing Authority’s Official List and to the London Stock Exchange’s main market. Vertu Capital, a BVI-incorporated company, has listed with a view to making one or more acquisitions in the financial services […]

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