Related briefings

Upcoming Cayman Islands economic substance reporting deadlines

“Relevant Entities”, namely Cayman Islands incorporated companies, limited liability companies, limited liability partnerships and foreign companies registered in the Cayman Islands should note that, subject to certain exemptions, if they are undertaking a “Relevant Activity” pursuant to the International Tax Co-operation (Economic Substance Act), or claimed to be “Tax Resident Overseas” (TRO), then they will be required to submit an annual Economic Substance return (ES Return), in respect of each Relevant Activity undertaken, detailing their compliance with the Act to the Tax Information Authority, or a TRO form, as applicable.

Changes to divorce rules highlight differences between England and Bermuda

Bermuda’s divorce laws have been in place for close to 50 years. While many other jurisdictions have adapted their laws to reflect changing attitudes to divorce, Bermudian legislation has remained unchanged. Divorce rules in England and Wales (which were initially very similar to Bermudian legislation) have undergone several changes in that time and will have undergone further by the end of next year.

Private Client & Trust Bulletin – Fall 2021

Welcome to the sixth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.

Latest Briefings

European public procurement: Commentary on Directive 2014/24/EU

The detailed commentary on European public procurement provides an authoritative interpretation of each provision in the main EU Directive on public procurement – Directive 2014/24/EU. It also highlights the application problems and interpretative issues being raised in EU Member States, which in due time will make their way up to the CJEU or even require further legislative interventions.

There is no normal: rapid change requires resilience

Phil Muller, director of legal services at Williams Lea, explains why law firms need to make better use of data, technology and distributed working to future-proof their business models.

Offshore Litigation: Rule in Gibbs applied – Recognition of Singapore moratoria denied in Scotland

In the recent Scottish case of Chang Chin Fen v Cosco Shipping (Qidong) Offshore Ltd, the Outer House of the Court of Session refused petitions brought by debtor companies under the Cross-Border Insolvency Regulations, 2006 to, amongst other things, recognise moratoria obtained in the Singapore High Court on the basis that to do so would prejudice the rights of a creditor to claim under its English-law governed debt, which stood outside the proposed Singapore schemes.

Recommended

London skyline

Kirkland alumni club: Willkie secures double-partner hire in London

Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]

Alibaba

Alibaba Group names new GC as affiliate hires Fangda chair

Chinese conglomerate Alibaba Group has appointed associate general counsel Sara Yu to head its group legal function, taking over the helm from former Freshfields partner Timothy Steinert. Steinert, who has been Alibaba’s group general counsel for 13 years, will remain with the group and serve as company secretary. He will also take on a senior […]

Dentons

Dentons furloughs over 100 staff in UK and Middle East LLP

Dentons UK and Middle East LLP has furloughed over 100 staff in its offices and suspended partner distributions due to the Covid-19 crisis. The firm confirmed that 50 employees in business services and around 65 secretaries will be on furlough at any one time, and that those affected would be rotated. Dentons continued that the […]

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