Reflections on loss – application to creditor claims

In Sevilleja v Marex Financial Ltd, the UK Supreme Court unanimously confirmed that the rule barring recovery of “reflective loss” does not and cannot apply to creditor claims.

Related briefings

Employers should prepare for long-term changes to the world of work

There are of course many negatives arising from the crisis presented by COVID-19. However, there could be real benefits for businesses and their staff if we take some of the opportunities that have been presented and do not just look to revert to the old ways of doing things.

EU-US Privacy Shield for data transfers ruled as invalid

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).

Tale of three funds

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.

Guernsey injunctions in aid of foreign proceedings

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.

Latest Briefings

How pro bono is making me a better lawyer

There are many opportunities to get involved with pro bono and several reasons why it is a good idea to do so. Verity discusses the pro bono opportunities she has been involved in and how they have strengthened her ability as a trainee solicitor.

To the point: technology & digitalisation l August 2020

Welcome to the August edition of Schoenherr’s to the point: technology & digitalisation newsletter! We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.

GC roundtable: How to communicate with impact in a virtual world

As most of us are still working from home, we are communicating virtually for long periods every day, with diverse groups of people from different cultures, forums and time zones. We are continuing our usual work tasks and commitments, but now having to deliver meetings and presentations as well as communicate a host of difficult messages.

Recommended

DWF Manchester

DWF kicks off fourth restructuring exercise in as many months

DWF has started yet another redundancy round, with the intended cuts this time affecting the firm’s secretarial workforce. Just days after it wrapped a consultation around business services that resulted in the loss of about 10 roles, the listed firm is now looking to cut positions across its secretarial and administrative base. A spokesperson for the […]

London

McDermott cuts business support roles in London

McDermott Will & Emery has carried out a redundancy round in its London office, affecting a small number of business support professionals. The UK outpost of the US firm has let go of what is understood to be up to four staff members from within its PA and business support ranks. When contacted by The […]

Balfour Beatty fills GC gap

Balfour Beatty has appointed a new general counsel and company secretary, one year after the departure of its former legal head. Tracey Wood joins the FTSE 250 infrastructure group as GC and company secretary after over 14 years at rival infrastructure business Costain Group. She served as GC at Costain for nine years after joining […]

Oil rig

Addleshaws hires Dragon Oil GC as part of energy drive

Addleshaw Goddard has added a new energy partner as part of its push to double its energy revenue and internationalise the practice. Dragon Oil’s former general counsel Paul Jones joins Addleshaws in its infrastructure, projects and energy (IPE) practice. Jones relocates to the firm’s London office, having served a year as GC for Dragon Oil in […]

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