The key take-away point is that all employers who wish to employ individuals from overseas (whether EU nationals or nationals from the rest of the world) will need to engage with the new system. The government is now actively encouraging employers who do not currently have a sponsor licence, but who may need to recruit […]
In this case, the Supreme Court accepted Bresco Electrical Services Limited’s appeal, and held that Insolvency Practitioners (IPs) are permitted to refer claims on behalf of insolvent companies to adjudication in circumstances where there are cross-claims between the parties.
As part of its decarbonisation agenda the Government has announced that it will invest nearly £80 million towards reducing carbon emissions across homes and energy intensive businesses. The announcement forms part of wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050.
Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) was given royal assent on 25 June 2020 and has introduced a number of measures which will need to be considered by Landlords in situations where tenants are in arrears regarding sums due under a lease. The relevant provisions of the Act for Landlords are […]
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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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 […]
Covington & Burling has received a successful outcome in a long-running dispute arising out of Ukraine. The firm and Hogan Lovells were defending a pair of oligarchs in a dispute brought by Quinn Emanuel Urquhart & Sullivan’s client Avonwick Holdings, in a case that featured in The Lawyer’s Top 20 cases 2019. British Virgin Islands-based […]
Travel operator Fleetway has called in PwC as it fell into administration yesterday, with Eversheds Sutherland appointed to assist the Big Four giant. The company’s collapse was brought on by cash flow pressures amid Covid-19, a scenario many travel companies are also facing as fewer holidaymakers book overseas trips. Fleetway, which employs around 62 employees, […]
Hogan Lovells’ new CEO Miguel Zaldivar wants to seize corporate footing in London and target growth in practice areas like privacy and cybersecurity, as well as trade. Zaldivar, who officially became the firm’s CEO on 1 July, told The Lawyer that there now needs to be a shift in how the firm is perceived, particularly […]