Latest Briefings

Cartels and the construction sector: Levelling up and screwing down

In recent years, the UK’s construction sector has not had a happy track record with respect to competition law enforcement, where the Competition and Markets Authority has fined construction companies a total of £67 million across five cases. Of particular significance is the increased focus on individual responsibility, as these cases also led to the disqualification of 11 directors and two criminal convictions.

Snapshot: Enforcement of foreign arbitral awards in the Cayman Islands

Foreign arbitral awards may be enforced relatively quickly and easily in the Cayman Islands and the Cayman Islands courts are willing to assist with the recovery of judgment debts. This Snapshot provides an overview of the recognition process and the steps that are then available for enforcement.

Jersey Royal Court concludes there is no substratum rule that applies to Jersey trusts

The Royal Court has recently clarified the Jersey law position of whether a trust is able to lose its substratum. Following analysis of the recent decision of the Bermuda Court of Appeal in Grand View Private Trust Company Limited v Wong & Ors, the Royal Court concluded that there was no substratum rule which applied to Jersey trusts and that powers of addition or exclusion contained within Jersey trusts should be given their natural meaning.

Working with AI

On 23 September 2021 Shoosmiths hosted its latest IHL webinar on working with AI: the key types, implementing AI and what the future might bring. Ian Blackwell represented Next Retail Ltd on the panel, alongside Simon McArdle and Sebastian Price, Commercial Partners at Shoosmiths.

Recommended

London

KWM 2.0 stages fightback with first financials since relaunch

King & Wood Mallesons’ London office generated nearly £12m in the first year since its relaunch, The Lawyer has learnt. The office opened at the start of 2017, with its financials corresponding to its first 12 months of operating. KWM’s UK revenue of £11.8m would put it at the 183rd position in this year’s The […]

money

KWM tax saga: Former partners updated on losses as errors are fixed

Former partners at KWM’s UK arm have been informed of the tax losses linked to their former firm after errors were made in the initial calculations. The figures relate to individual partners’ tax loss allocations, which members need for tax return purposes. With partners aware of the losses made as a result of the firm’s insolvency, […]

KWM administration nears two-year mark as advisory fees total £2.9m

The fees paid to the legal advisers and administrators of King & Wood Mallesons’ (KWM) UK business have amounted to just under £2.9m since the start of 2017, new figures reveal. In Quantuma’s most recent administration report (for between February and August this year), the fees paid to legal advisers reached over £54,000 in the […]

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