Practice Areas

Investing for the future, now: Delegation, sustainability and investor engagement

By Jason Coates, Suzanne Mortimer, Sarah Tate The Pensions Regulator has revised its 2017 guidance on investing for defined benefit pension schemes to take account of changes to the statutory environment. Trustees should ensure they are familiar with the new requirements set out in the Guidance, which includes changes taking effect this year. If your […]

Non-party cost orders: An inevitable consequence of funding litigation?

By Jonathon Milne, Sarah McLennan As has been widely reported, the litigation funding landscape in the Cayman Islands is changing to keep pace with the UK, Australia and other common law jurisdictions.1 The Caymanian judiciary acknowledge that provided adequate protections are in place, a funding arrangement can facilitate better access to justice and the Legislative […]

NAIC grants Bermuda reciprocal jurisdiction status, affecting (re)insurers’ requirements to post collateral

By Sophia Greaves, Charles G.R. Collis, Chris Garrod, Chiara T. Nannini The National Association of Insurance Commissioners (NAIC) has reaffirmed Bermuda as a Qualified Jurisdiction, ensuring continued efficiency in the cross-border operations of Bermuda (re)insurers in the US market. It has also designated the island a Reciprocal Jurisdiction effective from 1 January 2020, giving Bermuda […]

Bermuda appoints privacy commissioner to implement data protection legislation

By Julie E. McLean, Andrew Barnes, Ben Adamson Bermuda has appointed its first Privacy Commissioner, a role established under the Personal Information Protection Act 2016 (PIPA). The new commissioner will be tasked with fully implementing the PIPA legislation. Certain sections of PIPA came into force in 2016, but the majority of its operative provisions were […]

supercuts

Addleshaws guides Supercuts to rescue deal

Addleshaw Goddard worked with Deloitte as Supercuts and Regis hair salons this week struck a salvage deal to save over 1,000 jobs. The firm’s restructuring team played the lead advisory role for Deloitte as administrator to the businesses, with partner Paul Fleming and legal director Anna Hodgson leading on the deal. Shoosmiths had been advising […]

Eversheds reveals second lateral hire this week

Eversheds Sutherland has pulled off its second UK lateral hire this month, recruiting its first-ever litigation partner in Edinburgh. Alastair Frood is the partner joining the team in the Scottish capital as of January 2020, as he leaves Shepherd & Wedderburn after a 12-year stint heading up its banking and financial litigation practice. Prior to […]

Haagen-Dazs

Weil and Mayer Brown win mandates on Haagen-Dazs sale

Weil Gotshal & Manges and Mayer Brown have taken the lead roles, advising Nestlé on the sale of its US ice cream business for $4bn. Weil advised Froneri, an ice-cream-focused joint venture created in 2016 with the Paris-based private equity firm PAI Partners, with London corporate partner Jonathan Wood and Boston-based partner Matthew Goulding at […]

Adjudication matters – December 2019

By Stephen Radcliffe, Carly Thorpe, William Kay The blurred line between jurisdictional and substantive issues In LJH Paving Ltd v Meeres Civil Engineering Ltd [2019] EWHC 2601 (TCC) the defendant sought to resist enforcement of an adjudicator’s decision on the basis that (1) the final account dispute referred to adjudication had not crystallised because (on […]

Residential eviction webinar Q&A

By David Asker Does providing tenants with the how to rent booklet only apply to tenancies which commenced on or after 1st October 2015? The legislation suggests this, but it’s not entirely clear. However, all of the guidance suggests it is best practise to provide a how to rent booklet before you serve a section […]

Preventing squatters over Christmas

By David Asker One issue that is common for empty commercial buildings over the Christmas period is squatters. Every January we see an increase in landlords of commercial premises instructing us to evict squatters, or as we more commonly label them ‘persons unknown’. This is because squatters see empty commercial property as fair game if […]

New year’s resolution: Embrace the SM&CR

By Michael Ruck One of the biggest regulatory changes since the financial crisis – the Senior Managers & Certification Regime (SMCR) – is being extended to the entire financial services sector as of Monday 9 December 2019, arriving like a somewhat unwelcome early Christmas present for many. Banks and insurers already have to comply, now […]

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