Latest Briefings

Bestway Global Holdings Inc: A summary of the principles applied when considering sanction applications for schemes of arrangement and capital reductions

In Bestway Global Holdings Inc. (FSD 208 of 2021 – unreported), Doyle J gave a comprehensive and helpful review of the principles to be applied by the court when considering whether to sanction a scheme of arrangement and confirm a capital reduction. Although schemes of arrangement are commonplace in the Cayman Islands, rarely are the principles and authorities considered at sanction hearings so thoroughly set out in published judgments. The decision therefore provides useful guidance to practitioners.

Jersey wills & probate: Varying inheritances in Jersey after death

When someone dies, executors or administrators are tasked with the distribution of the estate in accordance with the deceased’s will or, if the deceased died without leaving a will, following the rules relating to an intestate succession. It is often overlooked that in Jersey there is an option available to the heirs of an estate to change the distribution of assets provided for by the will or inheritance law, where there is an intestacy, by varying the dispositions of the estate which are causing an issue.

Mondaq: Guernsey – Insurance comparative guide

In this guide, partner Kate Storey answers pertinent questions on Guernsey’s legal and regulatory framework in the insurance context, as well as the primary classes of insurance and reinsurance available in Guernsey, the restrictive obligations and liabilities of the insurer and insured, formal requirements for making a claim, the types of insurance companies found in the jurisdiction, restrictions on foreign ownership of insurance companies, minimum capital and liquidity requirements, governance and risk management, and more.

Commission Evaluation Report on the operation of Regulation (EU) 461/2010 concerning the exemption of certain vertical agreements in the automobile sector

The report of the European Commission of May 2021 is analysed regarding the application of Commission Regulation (EU) 461/2010 to the exemption of certain vertical agreements in the automotive sector. This report is of interest in order to assess, at the present time, the state of the market’s competitive structure and the lines of the possible policy that the Commission could adopt in the future.

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