Related briefings

Trustees – finding certainty in uncertain times

There is an old saying, attributed to the French Philosopher Voltaire, that ‘doubt is not a pleasant condition but certainty is an absurd one’. For trustees of trusts governed by the laws of the Cayman Islands (Cayman), and indeed for trustees worldwide, doubt as to the future value of trust assets (and as to the future needs or actions of beneficiaries) may be their new default condition as they deal with the upheaval brought on by recent global events.

Guernsey’s new fast track application regime for managers of overseas funds

Carey Olsen has recently assisted a number of overseas fund managers with migrating their fund management companies (“Mancos”) to Guernsey, and we continue to receive enquiries. To facilitate this trend, the Guernsey Financial Services Commission (“GFSC”) has expedited the migration of Mancos into Guernsey by launching a new fast track regime for managers of overseas […]

Latest Briefings

Permission in principle – growth, renewal, protect

The biggest shake up of the planning system since 1947 continues apace with the announcement, on 2 August, of government plans to create an automatic green light for development within specifically designated areas of the country.

Setting aside company transactions involving Jersey, Guernsey and BVI companies

Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.

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TLT edges closes to £100m turnover milestone

TLT saw its revenue spike up by 13 per cent to £98.8m, in a financial year that so far has seen muted growth across the board. The previous year’s growth pales in comparison to 2019/20. Then, it saw revenue rise by 7 per cent from £82m to £87.6m. In that financial year, former leader David […]

Hogan Lovells to trial 15 per cent capacity in office pilot

Hogan Lovells is starting to allow between 10 and 15 per cent of its UK staff back into its premises, as part of a trial that will include rotations. The firm has opened premises in London and Birmingham. The pilot runs on a voluntary basis and following a rota system; the numbers of people allowed […]

Asia-Pacific headwinds lead Ashurst to lose financial momentum

Ashurst saw the upward momentum it achieved over 2018/19 lag this year, with average profit per equity partner (PEP) dropping by 7 per cent. Described by Ashurst’s managing partner Paul Jenkins as “a year of consolidation”, the firm’s PEP decreased from £972,000 to £903,000. This pushes it further back from the £1m mark that Jenkins […]

Roundtable: how in-house lawyers can nail Libor

Lawyers are supposed to always have all the answers. But there can be exceptions. In a complex industry like financial services, there are regulatory changes that hit in-house legal teams like an avalanche. This is why, when Howard Wassall, principal sales engineer at software provider Apttus+Conga, laid out the urgency and complexity of tackling the […]

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