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).
As We Are Guernsey reports that investment flows between Guernsey and the United States are growing, Ogier’s Guernsey team believes that Guernsey’s private equity regime provides the perfect conditions for managers and their investors.
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.
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.
The Luxembourg Ministry of Finance announced on 2 September 2020 that the country had become the first European country to adopt a reference framework for sustainable bonds (the Sustainability Bond Framework).
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.
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.
Though clearly overtaken by COVID-19 and the state of the economy as the most pressing issues for the United Kingdom (UK) government, Brexit is making its way back into the headlines.
The Netherlands is gearing up for its new UBO register in accordance with international AML / CTF best practices and will require certain entities to comply from 27 September 2020.
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.
Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.Find out more
Simpson Thacher & Bartlett has brought in another partner from the magic circle, this time Clifford Chance’s Owen Lysak. Lysak made partner at Clifford Chance in 2017 and joined the firm in 2004 as a trainee. He advises private funds, asset managers and financial institutions on regulatory issues and transactions, related to the likes of […]
Keating Chambers has put forward £20,000 to help fund a criminal bar pupillage, in a bid to offset the financial impact of the pandemic on the criminal bar. The one-off fund will support one pupillage for an aspiring criminal barrister. Construction set Keating has pledged the money for a set that has had to withdraw […]
The legal world is mourning the loss of one of its real estate stalwarts, Geoffrey Lander, who passed away on Saturday 12 September. The former Nabarro head of real estate and a prominent figure within the wider property community passed away while undergoing chemotherapy aged 69. Tributes recall Lander’s immense charisma and charm, as well […]
Back to normal at Norton Rose Fulbright? Back in April, the majority of staff at Norton Rose Fulbright switched to a four-day working week for what seemed like a rather apocalyptic length of time: 12 months. Turns out NRF was just preparing its employees for the worst, as this week it decided to end the […]
South-West firm Thrings has kicked off a redundancy consultation for around 20 roles and deferred the rent payment of two of its offices, part of an extensive set of measures implemented by the firm. The Bristol-headquartered outfit has taken the decision as it faces a fall across its financial metrics. Revenue in 2019/20 dropped 8 […]
Bird & Bird has seen its average profit per equity partner (PEP) drop in the financial year 2019/20. The UK firm’s PEP went down by 3 per cent from from £575,000 to £555,000, a metric that the firm had not previously reported as part of its financial results for 2019/20. It marked a fall for the […]