Registration and Timing The sponsors and operators of private funds established in the Cayman Islands should by now be well on their way to completing the classification of their entities and to registering those entities that are required to be registered with the Cayman Islands Monetary Authority (“CIMA”) under the Private Funds Law, 2020 (the […]
A new fast-track regime, which launched launched on 12 June 2020, will enable an overseas fund manager to migrate to Guernsey and obtain the necessary Guernsey investment business licence within a 10 business day period.
Timing for Registration of Previously Exempt Funds The sponsors and operators of Cayman Islands mutual funds which benefited from the “15 investor exemption” under the Mutual Funds Law (as amended) (the “Mutual Funds Law”) should, unless otherwise out of scope, by now be undertaking the process of registering with the Cayman Islands Monetary Authority (“CIMA”). […]
On 4 June 2020, ESMA published a supervisory briefing aimed at promoting convergence on the supervision of costs in UCITS and AIFs across the EU. The briefing provides details for managers of UCITS and AIFs on what constitutes compliant implementation of UCITS and AIFMD cost provisions including ESMA’s expectations regarding the manager’s pricing process and its content. This article provides a summary of the key issues set out in the briefing.
On 23 April 2020, the Cayman Islands Court of Appeal delivered an important decision in the case of Re China CVS (Cayman Islands) Holding Corp., which focused on the question of arbitrability of shareholder petitions for the winding up of a company on the just and equitable ground. The CICA (Moses JA, Martin JA and […]
Simon Bonney examines the evolution and revolution of the industry.
In this case, the Supreme Court accepted Bresco Electrical Services Limited’s appeal, and held that Insolvency Practitioners (IPs) are permitted to refer claims on behalf of insolvent companies to adjudication in circumstances where there are cross-claims between the parties.
Covid-19 restrictions on the leisure, food & drink sector were relaxed in England on the 4 July, with other nations in the UK on differing timetables, and businesses are turning to app-based solutions to aida transition back to some form of normality. This briefing covers considerations for procuring and deploying mobile apps to manage Covid-19 restrictions.
As part of its decarbonisation agenda the Government has announced that it will invest nearly £80 million towards reducing carbon emissions across homes and energy intensive businesses. The announcement forms part of wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050.
Susana Almeida Brandão (Managing Associate) and Vanusa Gomes (Managing Associate of ASP Advogados – VdA Legal Partners member in Angola) write a chapter for ICLG Mergers & Acquisitons 2020, an international guide that compares legislation from around the world. The lawyers write the Angola chapter where they explain and develop the country’s mergers and acquisitions […]
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Dentons is to shut its Aberdeen and Watford offices, with its employees and partners set to work from home permanently from now on. The firm will vacate the two premises, with all partners and employees (consisting of 66 people all together) set to permanently work from home. The Aberdeen and Watford employees will remain at […]
The DWF news keeps on coming Plenty of news from DWF, as reverberations from the departure of long-time CEO Andrew Leaitherland continue. The most awkward bit of coverage was an attempt at PR that backfired – the firm trumpeted its scheme to help qualifying trainees, only to get backlash from sources who had rather different […]
Dentons has postponed the opening of its Dublin office due to Covid-19, having announced the launch at the start of this year. The firm’s new office, which was announced in January, was due to be fully operational in Q2. However, this has now been postponed to September 2020. For its Dublin base, Dentons recruited three […]
All the latest developments on what firms are doing in response to the coronavirus spread. Contact firstname.lastname@example.org if you have further updates.
Fieldfisher is gradually increasing the attendance capacity of its London office as part of a new pilot, having opted to keep the office open throughout the pandemic period. The firm has started a project to bring back a larger number of lawyers and professional staff into its headquarters near Bank station. In the past few […]
Firms including Osborne Clarke and Bird & Bird have brought back a group of furloughed fee-earners and business services staff. At Osborne Clarke, 6 out of the 28 fee-earners on the UK Government scheme are now out of the programme, while 22 non fee-earners are also back out of a total of 88. In April, […]