Capital Call Security Perfection in the Cayman Islands – Who, How, What, When and Why
By Alistair Russell This briefing note provides a brief overview for lenders and onshore practitioners on the who, how, what, when and why of capital call security perfection in the Cayman Islands. It also includes some useful practical considerations. Although long recognised as integral to protecting a lender’s position, recent market events have re-emphasised the […]
Jersey pensions update
This Jersey pensions update includes the latest news in relation to: a proposed pensions regulatory regime; approved pension schemes and unapproved pension schemes in Jersey; defined benefit or defined contribution schemes in Jersey; multi-jurisdictional occupational pension schemes; pension sharing orders for divorcing couples in Jersey; Jersey discrimination laws in relation to retirement age; and Jersey […]
Enhancing Cayman’s trusts law
Approved by the Legislative Assembly on March 8 2019, and gazetted on 15 May 2019, the Trusts (Amendment) Law 2019 (the “Amendment Law”) amends the Trusts Law (2018 Revision) (the “Trusts Law”) in a number of important ways and is designed to enhance the inherent jurisdiction of the Grand Court of the Cayman Islands (the […]
A Guernsey trusts and private wealth sector overview
Being a small jurisdiction and one that operates under a constitutional arrangement with the UK that provides it with the authority and autonomy to create and enforce its own laws, Guernsey has the ability to innovate and to do so quickly. It means the island’s government, the States of Guernsey, and industry can work together […]
Jersey’s trust sector – latest developments and trends
Carey Olsen partner Keith Dixon provides an overview of the island’s fiduciary sector, examining the latest developments and why clients continue to choose the jurisdiction. The challenges now facing all international finance centres (IFCs) are many and varied. Since the financial crisis of 2008 there have been several significant world-wide developments, including Brexit, increasing volatility […]
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Stephenson Harwood partner profits revive as it hits £200m revenue target early
Stephenson Harwood has managed to push up its average profit per equity partner (PEP) in the latest financial year, reporting a rise of 9 per cent after a two year slump. The firm’s PEP has reached £727,000 for the financial year 2018/19, having dropped below £700,000 in 2017/18. Despite surpassing £700,000, the latest PEP doesn’t […]
Beckwith defence team accuses SRA of “contaminating” evidence in misconduct case
The Solicitors Regulatory Authority (SRA) has been accused of “contaminating” evidence as Freshfields Bruckhaus Deringer partner Ryan Beckwith attempts to get his sexual misconduct hearing dismissed. Beckwith appeared in front of the Solicitors Disciplinary Tribunal in April over allegations of non-consensual sex after a firm event. Two, as yet unproven, allegations were brought against him. […]
Taylor Wessing quartet quit for US firm’s London office
Taylor Wessing is to lose four of its life sciences and technology partners, including the head of its UK corporate technology practice Adrian Rainey.
Elevate secures $25m backing for further NewLaw expansion
Following a spate of acquisitions, NewLaw business Elevate has secured further private equity investment amid aspirations to list in the UK over the coming years. The $25m investment comes from Kayne Partners, taking the amount of capital it has so far deployed to almost $60m. Last April the Los Angeles-based legal services business secured a […]
CMS reveals steady, but not stellar, financials two years after merger
Two years into its tripartite merger, CMS has reported a single digit rise in its financials to hit €1.36bn. According to the firm, UK turnover grew 5 per cent over 2018/2019 from £518m to £545.8m, with global revenue also rising 5 per cent to €1.36bn. The rise in revenue is much more muted compared to […]
Partner buddies: Mayer Brown launches scheme for senior-level mentoring
Partners at Mayer Brown are being encouraged to take part in a new mentoring scheme between income and equity members. Law firms generally have been ramping up their progress in this area, whether it be to help women progress to senior roles or learn more about other cultures and backgrounds. Linklaters and Hogan Lovells are […]