Impact of pandemic on fund manager substance arrangements

Whilst the coronavirus (COVID-19) pandemic has affected everyone, the consequences of non-compliance with Jersey’s economic substance rules for in-scope entities such as fund managers can be severe.

Related briefings

PRI’s new reporting framework – are you ready?

On 12 November 2020, Principles for Responsible Investment (PRI) issued significant updates to the reporting framework (RF) for signatories. The new requirements are more focused on “real world” outcomes meaning signatories needs to show how environmental, social, and governance (ESG) factors are integrated into investment analysis and execution.

Cayman Islands Funds Update: Q4 2020

Despite the beginning of 2020 being marked by a large number of new regulations in the Cayman Islands, the number of changes to laws and regulations that impact or may impact funds constituted in the country was significantly lower in the last quarter of 2020 than verified previous quarters. Specifically, the regulatory bodies and competent authorities focused on receiving clarifications and refinements to the existing regimes, which continued to occur in January 2021.

Advance healthcare directives under Cayman law

An advance health care directive is also known as a living will. It is actually not a new concept but is new to being recognised in the Cayman Islands. In 2019 the Health Care Decisions Act was implemented in the Cayman Islands.

What to know about BVI’s regulatory change for investment structures

It was unfortunate that such a fundamental change to the regulatory regime of the British Virgin Islands was largely overshadowed due to the twin challenges of the economic substance regime implementation in 2019/2020 and the COVID 19 pandemic in 2020.  Save for structures established for the purposes of a making a single investment, most investment […]

Fund finance in Ireland and Luxembourg: A comparative analysis

Ireland and Luxembourg have long been the preferred jurisdictions in which to establish a fund in Europe, and the prevalence of funds established in Ireland and Luxembourg make them important jurisdictions for lenders to understand. 

Latest Briefings

Who should pay for fire safety building remediation costs?

In December 2020, we reported on the vote by the House of Lords on amendments to the Fire Safety Bill relating to the remediation costs associated with the replacement of the dangerous cladding panels and other fire safety defects. Both the Fire Safety Bill and the Building Safety Bill are anticipated to come into effect early this year.

‘Diversity is a given, Inclusion is a choice’ – actionable ideas

In our 3rd blog in the series, ‘Diversity is given, Inclusion is a choice’, Annelieke Jense and Frouke Horstmann provide practical ways based on their experience working with clients on how organisations can create a true inclusive culture by installing processes that mitigate unconscious biases.

Recommended

St Pauls London

Katten names ex-Latham lawyer as new City MP

Katten Muchin Rosenman’s UK arm has appointed employment partner Christopher Hitchins as its new London managing partner. Hitchins succeeds Peter Sugden, who led the London office for nine years. Hitchins trained at Slaughter and May and then joined Latham & Watkins as a corporate lawyer, later shifting to his current focus on employment via stints […]

Dentons

Dentons launches consultation process with 87 roles at risk

Dentons has announced that up to 87 roles are to be reviewed, as the firm looks to implement a new operating model across its secretarial and business services workforce. A total of 49 secretarial staff and 38 employees in business services could be affected. A number of roles will instead be redeployed or added outside of […]

Magic circle CMO veteran leaves Freshfields after a decade

The chief marketing officer and executive board member of Freshfields Bruckhaus Deringer is leaving the firm after 12 years. The departure of Lucy Murphy, chief marketing and business development officer at the magic circle firm, was announced internally in an email, sources told The Lawyer. Murphy had been in her role since 2015. Sitting on […]

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