Jersey directors’ duties in light of the coronavirus

Many companies are facing new and challenging circumstances given the fast-moving COVID-19 situation. It is likely that during the coming weeks you and your fellow board members will be called upon to make difficult decisions. This is a critical time during which it is imperative to ensure you are focused on the key issues and equipped to act prudently and in accordance with your duties.

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Will Covid-19 speed up green funds revolution?

If you were managing to ignore the increased importance on environmental, social and governance (ESG) prior to the coronavirus (COVID-19) pandemic, it will be hard to do so now. As succinctly put by the now infamous Greta Thunberg; “If the coronavirus crisis has shown us one thing, it is that our society is not sustainable”.

Enforcement of PRC judgments in BVI establishes important precedent

The British Virgin Islands (BVI) Court has for the first time recognised and enforced judgments delivered by the Court of the People’s Republic of China (PRC). It is a significant development in light of the established practice of Chinese individuals and entities using BVI corporate entities as asset holding vehicles. The decision sets a significant precedent as many practitioners and judgment creditors alike in the PRC have historically considered BVI corporate entities (and their assets) as being beyond the reach of the PRC courts and often left ‘forgotten’, notwithstanding the well-established rules for recognition and enforcement of foreign awards and judgments in the BVI.

Latest Briefings

The Sustainable Innovation Fund is launched by government

At the end of June, the government unveiled the £200 million Sustainable Innovation Fund to help innovative businesses bounce back following the Covid-19 pandemic. On 27 June 2020, the government launched the Sustainable Innovation Fund to drive forward cutting-edge new technology following the coronavirus crisis. The fund is intended to develop new sustainable opportunities for […]

The Coronavirus Business Interruption Loan Scheme: Seeing through the fog

By Adrian Howells Following the Government’s announcement of The Coronavirus Business Interruption Loan Scheme (CBILS), you will no doubt have found yourself inundated with communications about this from a variety of different firms, ourselves included. Whilst these communications set out the facts as listed on the British Business Banks (BBB) website, there is nevertheless a […]

Swiss IP Newsletter July 2020

“SWISS RE – WE MAKE THE WORLD MORE RESILIENT” – Trademark found not to be misleading without a limitation of the services to Swiss origin.

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Clifford Chance recruits Simmons’ innovation head

Clifford Chance has hired Simmons & Simmons’ innovation head to lead on one of its main best delivery internal arms. April Brousseau has moved to the magic circle firm, where she has taken on a new role as global lead for the firm’s Create venture, which is focused on capturing and developing innovative ideas by […]

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MoFo delays final round of profits distribution in precautionary move

Morrison & Foerster (MoFo) has delayed a portion of partner distributions to counteract the uncertainties sparked by the coronavirus pandemic. The US firm has postponed one half of its final partner distribution round of 2019 by three months. The measure did not entail cuts to partners’ monthly draws, and MoFo expects to distribute 2020 profits […]

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The first Covid collapse of a law firm, and not the last

You probably don’t go into private practice with the ambition of advising on failures in private practice, but Pinsent Masons insolvency partner Steven Cottee has carved out quite the niche alongside financial advisory firm Quantuma. Administrations and pre-pack sales of small to medium-sized law firms have kept Pinsents and Quantuma ticking along over the years, […]

Norton Rose Fulbright

Norton Rose Fulbright sets out blueprint for firm’s working future

Norton Rose Fulbright is putting together plans for a gradual and phased return to its offices after a global survey found that a huge proportion of staff would prefer to work remotely “most of the time”, while almost 1,000 employees want to work from home one or two days a week. In a bid to […]

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