In the eastern tropical Atlantic Ocean, off the western African coast at the intersection of the Equator and the Prime Meridian, lie the warm waters of the Gulf of Guinea – an area of water that, over the past 2 years, has become the most intense hotbed of global maritime piracy activity… by a long way.
The #StopHateforProfit campaign launched on 17 June 2020 with a striking advert in the LA Times asserting that Facebook had “allowed incitement to violence against protestors fighting for racial justice in America.” The campaign urged advertisers to hit Facebook in their pockets and withdraw their advertising from the site in the month July. Facebook has previously […]
In the first of a regular column on cybersecurity matters, Peter Yapp reviews the history of the Computer Misuse Act and ponders why it is still in force.
A dispute between the reclusive billionaire Barclay brothers, twins Sir Frederick and Sir David, recently burst into the public domain. To the casual observer, this might appear like no more than a high-profile family feud. But scratch beneath the surface and there are some important underlying issues at play. On one side of the dispute […]
Schillings partner Amy Pope looks at effective ways of increasing diversity in leadership, and explains lessons she learned at the White House and beyond.
Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]
The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).
By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]
Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.
Are there any behaviors which, within the context of a public health epidemiological crisis, could be punishable under criminal law?
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Addleshaw Goddard and Winckworth Sherwood are acting on the development of the £250m “Triangle” site on St Thomas’ hospital campus in London. Addleshaws team, helmed by construction and engineering partners Andrew McVeigh and Peter Hardy, are leading for Guy’s and St Thomas’ NHS Foundation. The rest of the Addleshaws team includes procurement partner Jonathan Davey, […]
Bird & Bird has held its trainee salaries at the current level, the latest in a long list of firms to keep pay the same amid the coronavirus pandemic. Trainees at the firm earn £44,000 per annum in their second year, having increased from £40,000 in their first year. The decision comes just over a […]
It’s been a tough few months for the City’s deal lawyers, but according to M&A figures for the last quarter, it’s US-related transactions that have experienced the biggest decline in value since April.
Despite two successful convictions in the Unaoil bribery case, the Serious Fraud Office (SFO) will now conduct an internal review after its head Lisa Osofsky was criticised by the judge over dealings with an intermediary. In a ruling made public on Monday, Judge Martin Beddoe rebuked Osofsky for making herself vulnerable to flattery during the […]
The Serious Fraud Office has fined security company G4S £44m, as part of a deferred prosecution agreement (DPA) bringing a six-year investigation to an end. The fine will see G4S avoid prosecution for overcharging the Ministry of Justice for the electronic tagging of offenders. The SFO said G4S had accepted responsibility for three counts of fraud that […]
Dentons has launched a managed legal services offering to take on low to medium complexity work for in-house legal teams. Developed as an extension of a client’s in-house team, the firm says the new offering will allow for significant cost savings to clients and free up the workload of their in-house legal department, by assisting […]