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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arcadia

Under pressure Arcadia loses legal chief to media group

Arcadia Group’s Michelle Gammon is to leave the company after 11 years, just months after the retail giant secured a high-profile rescue deal. Gammon will be general counsel for Global’s newly-formed outdoor advertising division, which was created following the acquisition of outdoor media owners Primesight and Outdoor Plus last September and transport advertising business Exterion […]

Covington begins search for new London HQ as lease end nears

Covington & Burling is on the hunt for new office space in London as its lease edges closer to an end, The Lawyer understands. According to sources in the market, the US firm has kicked off the search ahead of its lease end in 2021. While no shortlist of potential locations is currently available, the […]

Former Twenty Essex barrister rejoins set after offshore stint

Commercial set Twenty Essex has hired a barrister from Walkers to add to its civil fraud and asset tracing team. Sarah Tresman has spent three years as a litigation lawyer in the Cayman Islands. Previously she was a barrister at Twenty Essex for seven years, where she began her career. She returns to the chambers […]

Offices

Clydes refutes “breach of duty” claims in insolvency dispute

A property business that came out of insolvency in 2015 has brought separate claims against Clyde & Co and Deloitte for advice given after its administration. The claimants, Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL), owned several properties until they went into administration in 2013, coming out of in 2015. They argue […]

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