Guernsey ticks the right boxes to attract increasing private equity investment from US

As We Are Guernsey reports that investment flows between Guernsey and the United States are growing, Ogier’s Guernsey team believes that Guernsey’s private equity regime provides the perfect conditions for managers and their investors.

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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HSF and DACB in and Addleshaws out: Sainsbury’s cuts panel roster by a third

Supermarket giant Sainsbury’s has handed panel places to eight firms, including longstanding advisers Linklaters and a new spot for DAC Beachcroft. Places on the panel last for three years, with Linklaters the only magic circle firm to secure a spot. CMS and Dentons have also been reappointed, while Herbert Smith Freehills is another big City […]

Forsters and RPC clash in negligence claim against Charles Russell Speechlys

Charles Russell Speechlys (CRS) is facing a professional negligence claim from a former client who has accused the firm of providing “substandard planning advice”. Forsters is bringing the case against CRS on behalf of real estate developer Zipporah Lisle-Mainwaring, who is criticising the firm for advice given when purchasing a property in central London. Lisle-Mainwaring […]

Freshfields former innovation chief lands new gig

Freshfields Bruckhaus Deringer’s former head of legal innovation Isabel Parker has found her next role, after leaving the magic circle firm earlier this year. Parker is set to join US-headquartered NewLaw provider Elevate to conduct contractual work for a specific new project whose details are still under wraps. Her new stint comes months after Parker left her […]

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