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Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

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DLA Piper unveils Manchester boss as next UK managing partner

DLA Piper has appointed a new UK managing partner and shaken up its international executive team following the re-election of Simon Levine as international managing partner last month. Manchester-based finance and projects partner Liam Cowell will take the reins from Sandra Wallace, who, after three years in the role, will step down to focus on her role […]

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Magic circle firm wins Goldman Sachs mandate on HQ sale

Linklaters and DWF have led in the £1.2bn sale of Goldman Sachs’ new City headquarters, in the biggest deal announced for a London office building this year. The magic circle firm’s real estate partners Patrick Plant, Simon Price and corporate real estate partner Tom Watkins led for Goldman Sachs Group, which has sold its new, unfinished European headquarters […]

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Magic circle firm dropped for Simmons in SFO’s Petrofac investigation

Simmons & Simmons has been appointed as Petrofac’s adviser during its investigation by the Serious Fraud Office (SFO), wrestling the mandate for the oil and gas company from a magic circle firm. It is understood that Simmons’ head of crime, fraud and investigations Stephen Gentle and partner Nick Benwell have won the mandate from Freshfields Bruckhaus Deringer. The […]

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Fieldfisher is first off the blocks with half-year results

There are early indications that Fieldfisher is on course for another year of double-digit revenue growth, with its turnover for the 2018/19 half-year reaching nearly £100m. The firm has recorded a 26 per cent increase in half-year financials, skyrocketing from 2017/18’s £76.7m to this year’s £97m. The results are related to the performance of offices […]

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