Related briefings

New regulations enable BVI companies to trial innovative fintech products

The British Virgin Islands recently introduced new regulations relating to products and services in the innovative fintech space, reaffirming its commitment to remaining a jurisdiction of choice for new financial products and services. These new regulations represent an exciting development in the approach taken by the BVI to the regulation of novel financial technology, representing a good balance between oversight and accountability on the one hand, and freedom to innovate on the other.

Cayman Islands restructuring – current state of play

Until the Cayman Islands introduces any changes to its corporate insolvency regime, with the COVID pandemic pushing many groups into the zone of insolvency, the following considerations remain relevant to structures involving a Cayman Islands entity: In recent years the Cayman Islands courts have become increasingly sympathetic to the needs of debtor companies looking to […]

Constellation: a dazzling success for BVI restructuring

In February 2020 the British Virgin Islands Commercial Court sanctioned a creditor scheme of arrangement, which was part of a much larger cross boarder restructuring. This scheme of arrangement, which as a creditor scheme was itself rare for the BVI, was preceded by the BVI’s first ever “soft touch” provisional liquidation (in linked proceedings), which commenced in December 2018.

Latest Briefings

On-demand webinar: Employee engagement and future HR trends Q&A webinar discussion

Andrew Rayment and Charlotte Smith (both Employment) presented a live Q&A webinar discussion on ‘Employee engagement and future HR trends’. Walker Morris employment lawyers were joined by Lisa Rowlinson-Brown, People Director at Symington’s, Steve Joyce, HR Director at Airedale International Air Conditioning and Catherine de la Poer, Leadership Developer at Halcyon Coaching.

Keeping expert evidence secret at an inquest

There has rightly been increasing emphasis since the Mid Staffs inquiry and other high media profile investigations, such as Hillsborough, on the responsibility of public bodies to be open and candid in all of their dealings with the Coroner.

Nautica Marine Limited v Trafigura Trading (The Leonidas)

On 28 July 2020 Foxton J handed down judgment in this important case concerning the effect of “subjects” in commercial negotiations, which contains a number of significant points of interest to those negotiating contracts, particularly in the charter market.

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Fieldfisher

Fieldfisher’s five-year expansion strategy yields double-digit revenue gains

Fieldfisher has posted a 17 per cent increase in annual revenue for 2018/2019, closing a year punctuated with numerous lateral hires and an expansive international strategy. The firm generated a total of £242m from £207m over 2018/19,  when it surpassed the £200m barrier for the first time. Profit per equity partner increased by 7 per […]

ASOS GC leaves fashion retailer after seven years

Andrew Magowan, the general counsel of ASOS, has left the company after seven years at the online fashion retailer. Magowan, who was also company secretary at the company, joined in 2012 from industrial aviation services provider Bristow Group. ASOS was his third general counsel role, having been the legal director at Bristow and also legal […]

Legal team cuts expected in Centrica’s company-wide cull

Energy and services company Centrica is to axe roles from its legal function, as part of the company’s wide-scale job cuts due to challenges in the energy market. The owner of British Gas and FTSE 100 constituent yesterday announced that it plans to cut around 700 management and back office jobs this summer, although the […]

mobile phones

Schillings’s ex-operations head rebuked for selling firm phones

Schillings’ former head of operations has been fined by the Solicitors Regulation Authority (SRA) for selling mobile phones he took from the firm. The SRA investigated Martin Flowers after Schillings was alerted by Vodafone that it had identified unusual activity on the account in July last year. The regulator found that Flowers had taken 95 […]

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