Related briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Tale of three funds

This article explores the collapse of three funds across three different jurisdictions and then sets out some of the lessons to be learnt by directors and fund managers.

Guernsey injunctions in aid of foreign proceedings

Where a potential judgment debtor in “onshore” proceedings threatens to dissipate its assets, the plaintiff may face a Pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Guernsey company or has assets in Guernsey, the Royal Court of Guernsey has a statutory jurisdiction to grant an injunction in aid of those foreign proceedings including freezing injunctions to prevent defendants dealing with the relevant assets in Guernsey.

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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Solicitors Regulation Authority

SDT strikes off ex-Proskauer lawyer over claims he lied about exams

A former Proskauer Rose associate has been struck off the roll, after the Solicitors Disciplinary Tribunal ruled he had lied to the firm about attending external classes and an exam. Michael Freeman, who was at Proskauer from 2013 to 2018, “failed to inform the firm that he had not attended the seminars or the examination […]

money

UK200: The Independents – Getting bigger, but not richer

Recruitment of lawyers and other staff outstripped revenue growth for the UK’s national and regional firms last year, according to exclusive data collated by The Lawyer. As the UK 200: The Independents report shows, combined turnover for the firms ranked 101-200 in the UK rose 8.7 per cent last year, from £1.59bn to £1.73bn, with […]

Supreme Court London

Judge wins landmark whistleblowing case in Supreme Court

A judge who claims she was “bullied, ignored and undermined” by her peers has won a landmark case in the Supreme Court, which ruled she should be classed as a worker and granted the same legal protections as whistleblowers. After a range of cost-cutting reforms were announced by the Ministry of Justice in 2010, District […]

Ashurst

Ashurst jumps on fintech bandwagon with accelerator launch

Ashurst has set up a new accelerator programme for up to 30 fintech companies, following similar efforts made by firms such as Allen & Overy, Slaughter and May and Addleshaw Goddard. The firm has launched FinTech Legal Labs, which will be run in its new London headquarters in the Fruit & Wool Exchange. It is […]

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