Post-Brexit disputes with UK parties – continued uncertainty as decision on Lugano awaited

A year on from the UK’s application to accede to the Lugano Convention on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (“Lugano”), a final decision is still awaited on whether the UK will be permitted to re-join the Convention as an independent contracting party.

Related briefings

The Regulatory 15/15: May 2021

This month’s webcast covers the following Cayman Islands topics: CIMA Inspections of SIBA Registered Persons; Department of International Tax Cooperation (“DITC”) – Updates Bulletin – 15 April 2021; Economic Substance; and Monthly New Product

BVI Commercial Court confirms implied cross undertaking in damages in receivership order

In a recent ex tempore judgment of Wallbank J in the long-running matter, JTrust Asia Pte. Ltd v Mitsuji Konoshita and Anor BVIHC(COM)2017/0226, the British Virgin Islands Commercial Court has, in a first for the Territory, determined that a cross undertaking in damages will be implied into a receivership order unless the usual requirement it be provided was expressly considered and dispensed with by the Court when the order was made.

Costs risk in appeals from the Irish tax appeals commission

The Finance (Tax Appeals) Act, 2015 introduced a new architecture for the hearing and determination of tax appeals. Amongst other changes, the Tax Appeals Commission (the “TAC”) replaced the Appeal Commissioners, with appeals directly to the High Court only on question(s) of law arising from the TAC’s determination (a ‘case stated’), rather than to the Circuit Court on the basis of a full rehearing of the tax appeal.

Latest Briefings

Taking stock: Global private equity perspectives

This briefing discusses the special purpose acquisition company (SPAC) market in Luxembourg, the demand for Jersey Private Funds, and why the pressure is on to take environmental, social and governance (ESG) seriously.

Five key considerations for Cleantech SMEs looking to go public in Canada

Cleantech small and medium-sized enterprises (SMEs) are spurring the shift to clean technology, with a goal of achieving net-zero emissions in Canada within the next 30 years. As such, they are looking to Canada’s capital markets to grow their businesses and expand operations.


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