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).

The 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

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

New LCIA Arbitration Rules: In force on 1 October 2020

The London Court of International Arbitration (LCIA) recently released its updated arbitration rules (the “2020 Rules”) which will come into force from 1 October 2020 and will apply to any arbitration commenced under the auspices of the LCIA on or after this date. The 2020 Rules, in the LCIA’s own words, aim to make the arbitral processes “even more streamlined and clear” for arbitrators and parties alike. We summarise nine key changes and one omission.

High Court decision on business interruption claims for Covid related losses

The High Court has now handed down judgment in the eagerly awaited test case brought by the Financial Conduct Authority (‘FCA’) against 8 insurers to determine whether policyholders can make business interruption (BI) claims for losses arising from disruption and closure of their businesses caused by Covid-19.

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Clarke Willmott makes use of Covid-19 tax scheme

Clarke Willmott is the latest UK200 firm to confirm that it is deferring tax payments until next year given the financial challenges posed by Covid-19. By joining the likes of Watson Farley & Williams in taking advantage of the UK Government’s deferral schemes, Clarke Willmott is pushing back July’s partnership tax payment until January, while […]

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Mayer Brown brings in K&L Gates restructuring partner

Mayer Brown is beefing up its restructuring practice with a new lateral from K&L Gates. The London office of the US firm has targeted the rival by bringing in restructuring partner Barry Cosgrave, who will spend time between the City and the firm’s Dubai office. He spent over four years at K&L Gates, where he […]

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UK Government’s top lawyer steps down in shock exit

The head of the UK Government’s legal department (GLD) Jonathan Jones QC is to leave the division after six years at the helm. His departure comes as the UK Government faces scrutiny over its plans to clarify parts of the Northern Ireland protocol, which formed a section of the 2019 withdrawal agreement. Jones took on […]

Gary Hamp

Shearman tops up City finance team with Latham hire

Shearman & Sterling has replenished its London partner headcount, with the arrival of a new hire from Latham & Watkins’ Hong Kong office. Shearman has added Latham leveraged finance partner Gary Hamp to its team in the City. Hamp will relocate from Latham in Hong Kong, having been based out there for over a decade. […]

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