By David Asker Residential evictions The Government is introducing emergency legislation to prevent landlords from starting eviction proceedings against tenants for a period of at least three months. Here is the press notice. This is to protect renters in both social and private accommodation in these challenging times. It will allow those with financial difficulties […]
By David Asker Residential evictions As you may be aware, the Government is introducing emergency legislation to prevent landlords from starting eviction proceedings against tenants for a period of at least three months. This is to protect renters in both social and private accommodation in these challenging times. It will allow those with financial difficulties […]
By David Asker The Government has announced a package of support to renters, this support includes: Protection from eviction for renters Emergency legislation will be rushed through to suspend evictions from both social housing and privately rented accommodation. There will be no further residential possession proceedings through applications to the court. This will, of course, […]
By David Asker Unlicensed underground raves are on the increase, there is a thriving community of people engaged and ready to party in any empty commercial space. Social networks and communication The rise in raves coincides with more and more ways to communicate securely, with Facebook, WhatsApp and Instagram all being ways to engage with […]
By David Asker Valuation The valuation process means that the enforcement agent is required to obtain a valuation, the debtor is also given an opportunity to obtain an independent valuation if they so wish. The valuation is given in writing by the enforcement agent and this is shared with the debtor and any co-owner. Enforcement […]
Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]
The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).
By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]
Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.
Are there any behaviors which, within the context of a public health epidemiological crisis, could be punishable under criminal law?
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Addleshaw Goddard and Winckworth Sherwood are acting on the development of the £250m “Triangle” site on St Thomas’ hospital campus in London. Addleshaws team, helmed by construction and engineering partners Andrew McVeigh and Peter Hardy, are leading for Guy’s and St Thomas’ NHS Foundation. The rest of the Addleshaws team includes procurement partner Jonathan Davey, […]
Bird & Bird has held its trainee salaries at the current level, the latest in a long list of firms to keep pay the same amid the coronavirus pandemic. Trainees at the firm earn £44,000 per annum in their second year, having increased from £40,000 in their first year. The decision comes just over a […]
It’s been a tough few months for the City’s deal junkies, so let’s get the depressing news out of the way first. Globally, the value of public M&A transactions this quarter slumped by nearly two-thirds compared to last year, its lowest figure in over a decade. Gone are those heady days of 2015 when over […]
Pinsents Masons is facing an increasingly uphill battle in the mammoth Skat litigation concerning 21 separate legal teams, 76 defendants and an alleged £1.5bn fraud. In a recent hearing involving the Danish Customs and Tax Administration (otherwise known as Skatteforvaltningen) and defendants Solo Capital Partners and Goal Taxback Limited, Mr Justice Baker took a “wrecking ball” […]
Despite two successful convictions in the Unaoil bribery case, the Serious Fraud Office (SFO) will now conduct an internal review after its head Lisa Osofsky was criticised by the judge over dealings with an intermediary. In a ruling made public on Monday, Judge Martin Beddoe rebuked Osofsky for making herself vulnerable to flattery during the […]
The Serious Fraud Office has fined security company G4S £44m, as part of a deferred prosecution agreement (DPA) bringing a six-year investigation to an end. The fine will see G4S avoid prosecution for overcharging the Ministry of Justice for the electronic tagging of offenders. The SFO said G4S had accepted responsibility for three counts of fraud that […]