Court of Appeal orders security for costs in winding up

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Bermuda ICO legislation regulations take effect

By Chris Garrod, Director and Jacqueline King The Companies and Limited Liability Company (Initial Coin Offering) Amendment Act, 2018 (the “ICO Act”), which amends both the Bermuda companies and limited liability company legislation, came into force on 9 July 2018, providing a framework for the regulation of initial coin offerings in Bermuda. ICO Regulations1, expanding on […]

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By Matthew Brown Many BVI companies have only one director/shareholder. When that individual dies, the company can be left in a vulnerable position, especially if the company faces pending or contemplated court proceedings. Conyers’ Matthew Brown suggests ways of handling this difficult situation…

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By Robert J.D. Briant and Christopher W.H. Bickley The British Virgin Islands (“BVI”) Government has enacted a measure which exempts nationals of the People’s Republic of China from the need to apply for a visa to visit the BVI for up to six months for business or tourism purposes. The Order dated 5 July 2018 […]

Privy Council exercises its leverage to dismiss appeal

By Ben Hobden and Spencer Vickers On 18 June 2018, the long-running case of Al Sadik v Investcorp Bank BSC and ors reached its conclusion in the Privy Council. Investment managers will welcome the Privy Council’s dismissal of the appeal by Mr Al Sadik. The Privy Council found that the Cayman Islands Court of Appeal and […]

Latest Briefings

AI, used correctly, can help solve some of our most pressing employment law issues

By Darran Brennan The World Economic Forum has defined Artificial Intelligence (AI) as an element of the fourth industrial revolution (4IR) and something which will change our world and workplaces. This is similar to the changes envisaged during the previous industrial revolutions (let’s not forget the fears of the Luddites) but what is different now […]

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Facebook: you have a £500,000 fine from the Information Commissioner’s Office

By Andrew Mills Facebook is set to be fined £500,000, the maximum amount possible, for two breaches of the Data Protection Act 1998 (DPA 1998). Due of the timing of the breaches, the ICO was unable to levy the fines introduced by the General Data Protection Regulation (GDPR), which caps fines at the higher level of 20m […]

30 years on, the role of semi-contentious practitioners is growing

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National minimum wage and ‘sleep-in’ shifts

By Connie Cliff and Martin Chitty Treatment of “sleep­-in” shifts for national minimum wage (NMW) purposes is an area that can often cause confusion. Where a worker is required to work a number of sleep­in night shifts at the employer’s premises, and be available in case of an emergency, does the full night shift constitute ‘working’ […]

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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 […]

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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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