Pushon wins national contract from leading law firm

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The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles. This briefing focuses on the similarities and differences between the two jurisdictions in the context of subscription credit and capital call facilities. This […]

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Jersey substance proposals – the Banking and Finance perspective

EU finance ministers have formally approved Jersey’s economic substance legislation by removing the jurisdiction from the “grey list” on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019. The Law […]

The Equality and Human Rights Commission publishes damning review into the Grenfell Tower Fire

The Equality and Human Rights Commission has now published both its research into Grenfell residents’ access to services and support and its legal submissions to the Inquiry on the human rights implications of the fire. The Commission has also invited the Chairman to make a number of recommendations, including urgent recommendations to prevent a repetition […]

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BT launches LPO review in wake of law firm network revamp

Telecoms giant BT has launched a review of its legal process outsourcing (LPO) provision, The Lawyer can reveal. Group general counsel Dan Fitz said the LPO review kickstarted about three months ago. BT currently works with US-headquartered LPO provider United Lex, outsourcing about 30 per cent of its UK commercial work to the company. Fitz […]

Indemnities and contractual defences

The English court has held that a contractual requirement for an indemnified party to notify its indemnifier of a relevant claim within 20 business days did not operate as condition precedent to compensation under the indemnity. Under contracts governed by English law, an indemnity is a contractual promise made by the indemnifying party to the indemnified […]

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