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.

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royal courts of justice

RPC fails to overturn privacy appeal for Bloomberg

Byrne and Partners secured victory over RPC for its anonymous client ZXC, as Bloomberg failed to overturn a High Court decision on privacy rights. It was the Court of Appeal that sided with the respondent on Friday, which ruled upon whether criminal suspects have a reasonable expectation to privacy, and if so, when. This specific […]

document

Stevens & Bolton embroiled in deceit claim from former client

Allegations of dishonest assistance and deceit have been made by a former client of Stevens & Bolton, with a trial expected next year in relation to a series of property deals on which the firm worked. Mr Justice Birss yesterday rejected part of a strike-out application made by Stevens & Bolton to dismiss elements of […]

football

DLA Piper and JMW team up on coronavirus tests for footballers

DLA Piper and JMW are on call as the English Premier League commences “Project Restart”, with footballers being tested for coronavirus this week. DLA is advising the Premier League, a long-term client, on the data protection issues, while JMW’s head of sports law Stephen Taylor Heath is representing Prenetics, which is overseeing and coordinating the […]

Alex Fisher Polly Richard

Travers makes up five home-grown lawyers to partnership

Five lawyers have been promoted to partner at Travers Smith across a range of practice areas, including corporate, employment and disputes. All trained with the firm, with Tom Coulter joining the firm’s corporate practice and Joseph Wren now a partner in its derivatives team. Alex Fisher is a member of Travers’ employment group. There are […]

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