Related 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.

Cayman Islands Updated Economic Substance Guidance

Version 3.0 of the Cayman Islands guidance notes (“Guidance”) on the Cayman Islands’ economic substance legislation provides additional assistance in interpreting the International Tax Co-operation (Economic Substance) Law (the “ES Law”).

Enforcement of share charges over Cayman Islands aircraft owning SPVs

The aviation industry has been severely impacted by the COVID-19 pandemic. Although flying has now resumed in a limited capacity, airlines which have already been severely weakened by months of enforced inactivity are now facing a long, slow recovery, and for many the worst is not over yet. We have already seen a number of airlines enter into bankruptcy protection, and more are likely to follow over the coming months as passengers and operators adjust to the realities of flying in the post-COVID era. As a result, financiers and lessors are considering their position and looking at ways that they can improve their rights or enforce their security in a default situation. In particular, there has been an increased focus on the security that a financier would typically take over the shares in a Cayman Islands aircraft owning SPV and how, in practice, a financier can enforce their rights under this share security to gain control of an aircraft from a defaulting owner.

Insurers first to be registered under New Bermuda ISAC Act

The first company and incorporated segregated account (ISA) to be registered in Bermuda under the Incorporated Segregated Accounts Company Act 2019 (ISAC Act) have been licensed as insurance companies. Conyers advised on the incorporation of both the ISAC and ISA and their registration as insurers, working closely with the Bermuda Monetary Authority and the Registrar of Companies.

Latest Briefings

Covid-19 Update – Coronavirus, domestic abuse and legal action

The difficulties with court listings and the inability to hold hearings in a normal fashion has now been underway for 6 months. The recent guidance set out in ‘The Road Ahead’ shows there is no likelihood of that changing in the near future. This means there has had to be a reconsideration of what delays are acceptable and what reasons are sufficient to delay final decisions being made for children.

The rule of six: Legal obligations on food and drink businesses in England

Whilst we have very quickly become familiar with the “rule of six”, regulations come in to force today placing a further legal obligation on businesses in England that serve food for consumption on the premises to ensure that, save for in limited exceptions, bookings of more than six people are not accepted.

Landlord’s remedies and COVID-19 – has the pendulum swung too far?

As another week draws to a close, in a time when every day seems to bring unexpected – and often unwelcome – news, the landlord community is reeling – albeit perhaps largely in a somewhat unsurprised and resigned fashion. This is due to the latest announcements from the government affecting the commercial landlord and tenant relationship.

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CMS agrees Hong Kong tie-up with local firm

CMS Hong Kong has entered into an association with new firm Shirley Lau & Co, providing the firm with local law capabilities in the region. The group is formed of members of Troutman Sanders’ Asia offices, including partner Shirley Lau and seven other senior corporate and litigation associates. Earlier this year, Troutman confirmed it would be pulling out of […]

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Hot 100 career quiz: Robert Camp

Name: Robert Camp Firm: Stephens Scown Position: Managing partner In Hot 100 for: Reinvigorating Stephens Scown with a focus on employee engagement. Read his full Hot 100 profile. What’s your most vivid memory from being a trainee? Two memories spring to mind – the first being reprimanded by my principal for suggesting to a family client (who […]

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Crown Court dismisses SFO charges against Barclays

The Serious Fraud Office charges relating to Barclays’ 2008 capital raising have been dismissed by the Crown Court today (21 May). The SFO is likely to reapply to bring the charges in front of the High Court in the hope the proceedings will recommence through an “indictment of the same charges”. The initial charges against […]

Gowling welcomes estate and trust lawyers David Freedman and Irit Gertzbein

Gowling WLG is pleased to announce that estate and trust lawyers David Freedman and Irit Gertzbein have joined the firm as counsel in the firm’s Private Client Services Group. “Irit and David are highly respected practitioners and thought-leaders in their field,” said Peter Lukasiewicz, CEO of Gowling WLG Canada. “Working closely with their new colleagues, […]

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Former Safran GC takes on new role at technology company

French cloud computing company OVH has appointed its first general counsel (GC) to be stationed in its office headquarters. Adam Smith joins the cloud provider after a two year spell away from working in-house. Until 2016, he was head of legal at aerospace, defence and security group Safran. His final act before stepping down was […]

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