Latest Briefings

Cayman Islands Court of Appeal re-examines master-feeder redemption procedures

Introduction In the matter of Ardon Maroon Asia Master Fund (in Official Liquidation), CICA, 20 May 2020, the Cayman Islands Court of Appeal has reiterated the importance of following the natural and ordinary meaning of a fund’s articles, in order to ensure that redemptions are effective. This is particularly important in the context of a master-feeder […]

Cayman Islands bank regulatory update – July 2020

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the Amendment) came into force in the Cayman Islands on 26 June 2020. The Amendment amends Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (the Regulations) to extend the administrative fines regime beyond breaches of the Anti-Money Laundering Regulations to a much broader spectrum of breaches under various Cayman regulatory laws, including the Banks and Trust Companies Law (collectively, the Regulatory Laws).

Three cases on contempt of court and what they mean for commercial fraud litigation

By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]

Challenges faced by banks and the financial implications of lockdown

Many would be forgiven for comparing the current economic impacts of the Coronavirus (COVID-19) pandemic to that of the credit crunch over a decade ago. At the time it was suggested that the permanent damage done to the productive potential of nations across the world was a staggering $200 trillion of which £7.4 trillion was estimated in the UK. The longer the lockdown continues, intuitively, it feels like the financial implications may not be wildly different this time round. However, the challenges faced by the UK Government today are surely greater than those of 2008.

Recommended

new york

MoFo strikes Freshfields again with NY hire

Morrison & Foerster (MoFo) has hired another M&A partner from Freshfields Bruckhaus Deringer in New York, making it the US firm’s second magic circle recruit in two months. This time, MoFo has turned to partner Omar Pringle, who spent almost twelve years at Freshfields. He was promoted to partner in 2017. He specialises in cross-border […]

PwC loses corporate partner to Forsters

PwC Legal has lost another partner from its London ranks, with a longtime corporate lawyer set to leave for Forsters. Starting in June, partner Stuart Hatcher will join the nine-strong corporate team of the West End firm. He joins after 13 years in the legal ranks of the accountancy firm, where he assisted startups and […]

exit

Covington adds financial regulatory partner from rival US firm

Covington & Burling has made its second hire of the year, picking up a financial services regulatory partner from Katten’s London office. John Ahern will join Covington after two years at his previous US firm. The partner has also spent time at Jones Day, DLA Piper, Addleshaw Goddard and Clifford Chance throughout his legal career, […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more