Should trustees be worried about global warming?

Climate change will no doubt continue to be a worldwide topic of concern and will impact us all. The science is clear and reinforced by the extremity and increasing frequency of recent climate-related disasters such as typhoons, flooding, drought and, of course, the tragic wild fires in Australia. If that sounds alarmist, remember that in 2018 California had the deadliest forest fires in its history while over 100 people died in wild fires in Greece.

Related briefings

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

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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Hong Kong

Stephenson Harwood partner duo launch Hong Kong litigation boutique

Stephenson Harwood’s former Hong Kong senior partner has launched a new litigation-focused boutique, alongside two other lawyers from the UK firm’s office in the region. The new firm M B Kemp has been established by veteran litigation partners Malcolm Kemp and Yeeling Wan. Kemp was previously the senior partner of Stephenson Harwood’s Hong Kong office […]

taxes VAT calculating money

Clarke Willmott makes use of Covid-19 tax scheme

Clarke Willmott is the latest UK200 firm to confirm that it is deferring tax payments until next year given the financial challenges posed by Covid-19. By joining the likes of Watson Farley & Williams in taking advantage of the UK Government’s deferral schemes, Clarke Willmott is pushing back July’s partnership tax payment until January, while […]

paris

Reed Smith adds Paris partner to executive committee

Reed Smith has seen a changing of the guard within its internal executive committee, as longstanding member Andrew Jenkinson steps down. Jenkinson is leaving the managerial body after the end of his three-year term. However, he will keep on his role as managing partner of the London office. On the committee, he will be succeeded […]

Unilever

Graze’s legal chief moves to Unilever

Unilever has appointed Graze’s former head of legal as its general counsel for food and refreshment. Anna Cosgrave moves across to Graze’s parent company Unilever, three months after the FTSE 100 giant announced a major restructuring, ditching its dual Anglo-Dutch legal structure to create a single company in Britain. The role is for Unilever UK […]

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