Resilience and sustainability in a changed environment

As we emerge into a post-pandemic world every industry will need to take stock, evaluating the changes that are here to stay and the adaptations we need to make to suit the new environment. Craig Cordle examines the developments and resilience of Guernsey’s funds industry.

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

Stewarts PEP rebounds after two-year decline

Stewarts’ revenue increased by 11 per cent over the last financial year, with the firm’s average profit per equity partner (PEP) proving to be resurgent after a two-year slump. This year’s figures show that the firm’s turnover hit £77m for 2020, rising by £15m after last year’s results, and with net profit reaching £29.7m. The […]

Antonio Conte

Former Chelsea boss calls on HSF in €33m asset management dispute

Herbert Smith Freehills is acting for Chelsea’s former manager Antonio Conte in a dispute against a UK-based asset management company and its director. While representing Conte and seven other investors during a hearing in July, HSF partner Chris Bushell was successful in convincing the commercial court that it should grant a freezing order against Kidman […]

TLT edges closes to £100m turnover milestone

TLT saw its revenue spike up by 13 per cent to £98.8m, in a financial year that so far has seen muted growth across the board. The previous year’s growth pales in comparison to 2019/20. Then, it saw revenue rise by 7 per cent from £82m to £87.6m. In that financial year, former leader David […]

Department of Justice

Dechert client accuses DoJ of misconduct in Deutsche Bank dispute

A former Deutsche Bank trader has accused the US Department of Justice of prosecutorial misconduct, relating to a fraud case in Chicago. James Vorley, who has instructed Dechert, stands accused of “spoofing” for trades, or market manipulation, while working at the bank’s London office. Vorley and Cedric Chanu were precious metals traders at Deutsche and […]

People walking office

WFW cuts 12 PA roles after consultation process

Watson Farley & Williams (WFW) has made 12 of its legal PAs redundant, following a consultation earlier in the month. WFW confirmed it has cut 12 roles due to the switch to remote working during the Covid-19 pandemic. In April, the firm furloughed 49 non-fee-earners in the UK and suspended partner distributions. Some staff also had their salaries […]

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