What to know about the May 2021 changes to the Companies (Guernsey) Law 2008

Recent changes to the Guernsey Companies Law are set to improve the administration process for Guernsey companies and have been welcomed by the industry.

Related briefings

SPACs in 2021 – the new model for private equity?

This year has seen a number of PE backed SPAC launches, as well as announcements of proposed PE SPACs, which in total could amount to several billion dollars in IPO proceeds. If these SPACs prove successful, then the SPAC could become a major part of how PE does business over the next decade.

STEP Geneva Webinar – Beneficial Ownership Registers

Partners Simon Schilder and Dave Sherwin along with Counsel Katherine Neal and Managing Associate Chris Hards will speak on the STEP Geneva Webinar Series for 2021. See the below link to find out what the presentation on Beneficial Ownership Registers covers:….

Recent trends: provisional liquidation in the Cayman Islands

Introduction There are two grounds on which provisional liquidators (PLs) may be appointed in the Cayman Islands under the Companies Act (2021 Revision) (the Companies Act), following the presentation of a winding up petition and before the making of a winding up order. The first is what is commonly referred to as a “full powers” […]

Ogier in Guernsey advises Equitix on £2 billion takeover of John Laing Group

Ogier has acted as Guernsey legal advisors to Equitix in relation to its proposed acquisition of a 50 percent equity stake in a portfolio of assets owned by John Laing Group Plc. Equitix will contribute to the acquisition price paid by KKR in connection with the recommended offer to acquire the entire share capital of […]

BVI Court grants follow up relief protecting its earlier decision in Nam Tai

The BVI Commercial Court granted further relief on 28 May in the Nam Tai litigation to stop rival arbitration proceedings commenced in Hong Kong. On 3 March 2021, following an expedited trial, Justice Jack ordered that a placement of shares in Nam Tai Property Inc in favour of Greater Sail Limited and West Ridge Investment […]

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

Recommended

James Knight, Keystone Law

Keystone plans “catch-up” payments after record financials

Keystone’s revenue increased by 10.9 per cent to £55m during the last financial year, with adjusted profit climbing to £6m. Despite 12 months of significant uncertainty, Keystone CEO James Knight was pleased with what he described as a “fairly normal set of results” during a period in which the firm’s remote model allowed for business […]

HSF’s former corporate chief exits for BlackRock

Herbert Smith Freehills’ (HSF) former global head of corporate has moved to investment fund BlackRock, where he is taking up a managing director role. Scott Cochrane is now head of public and private funds (legal) across BlackRock’s presence in Europe, the Middle East and Africa. This brings an end to a 25-year career at HSF, […]

Osborne Clarke hands out 5 per cent profit share to staff

Osborne Clarke is giving staff a five per cent profit share and an extra set of holidays, in a series of post-pandemic reward measures. The firm will hand out a profit share based on employees’ annual salaries, with a minimum payment of £1,500, that will be pro-rated for part-time employees. According to the firm’s last […]

London skyline

Sidley pays out $1,000 stipend to staff

Sidley Austin is handing employees a $1,000 stipend, The Lawyer understands, having asked staff to cover the expenses of their remote working set-up. The $1,000 is not understood to be a bonus. Sources told The Lawyer that employees had been expected to pay for additional equipment themselves throughout lockdown, such as monitors, keyboards and desk chairs. […]

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