The Private Funding of Legal Services Act, 2020 (the “Funding Act”) provides that contingency fee arrangements will, when the Funding Act and its supporting regulations are brought into force, be lawful in the Cayman Islands.
There have been several recent developments in connection with international data transfers. The most significant of these are the conclusion of the EU-UK Trade and Cooperation Agreement on 31 December 2020 and the European Court of Justice’s “Schrems II” decision. This briefing considers the implications of both for investment funds.
The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]
EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities. Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]
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Our Technology & Digital Team, and Partner Sally Mewies held a webinar discussion with Senior Associate Luke Jackson covering blockchain technologies and all the potential they have in the financial services sector and supply chain.
The recent Energy White Paper re-states the government’s intention to phase out the sale of new petrol and diesel cars and vans by 2030.
By Mehar Patel If we take the traditional management of a block of flats as an example: you might have one person collecting rent, feeding that information into an accounts system, chasing unpaid rent, deciding whether to escalate unpaid rents, paying the money to the owner, paying money to the bank. You might then have […]
Unlike in England, pre-trial disclosure against a third party is generally not available in Guernsey. However, there are exceptions to this rule. The main exceptions are:
In its recent decision denying certification under the Alberta Class Proceedings Act (“CPA”), the Alberta Court of Queen’s Bench (the “Court”) reinvigorated its role as a gatekeeper providing more serious scrutiny of the evidence of loss at this early stage in a potential class proceeding.
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A recent welter of City office moves and lease renegotiations limited Slaughters’ options.
Strategic merger opportunities lie in the lower echelons of the UK Top 200.
Which organisation has had most lawyers featured in the Hot 100 over the 20 years?
Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
Boutiques are now looking like a particularly attractive option.
Linklaters has retained 47 of 50 trainees in its spring 2021 cohort, giving it a 94 per cent retention score. The firm follows Allen & Overy in releasing its qualification figures for March. Due to personal reasons one of the 47 is on a fixed-term contract. Nevertheless, the retention figure is the magic circle firm’s […]
Four firms, including Freshfields and Linklaters, are set to share in fees totalling over £37m if the sale of FTSE security company G4S goes ahead as planned. The fee estimates for legal advice are noted in Allied Universal’s offer document for G4S, released this month. Allied is backed by funds controlled by Warburg Pincus and […]
Allen & Overy has decided to shut down its two-staff satellite office in Barcelona, and focus the growth of its Spain practice from Madrid. The magic circle firm launched the Barcelona office in February 2014, with the hire of Freshfields Bruckhaus Deringer corporate partner Antoni Valverde. However, the office remained a small outpost with a single-fee […]
Freshfields Bruckhaus Deringer is advising Debenhams’ administrator FRP Advisory as Boohoo snaps up the department store’s brand. The deal does not include any of Debenhams’ remaining 118 High Street stores or its workforce, meaning that up to 12,000 jobs at the department store chain are set to go. Freshfields global restructuring and insolvency head Ken Baird […]
Cornerstone Barristers has said it “repudiates the contents” of a tweet made by one of its members, with the set launching an internal investigation into the matter. The tweet was made by Jon Holbrook, who was called to the Bar in 1991. Cornerstone said the post, published on 17 January, was brought to its attention […]
Fried Frank Harris Shriver & Jacobson has hired its second restructuring specialist in the City, as firms look to bulk up amid a wave of deal opportunities. The London outpost of the US firm has hired partner Mandip Englund, who has spent almost two years at Reed Smith. She will work within Fried Frank’s global […]