Latest Briefings

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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kpmg

Linklaters leads on KPMG probe after chair’s “moaning” outburst

Linklaters is carrying out an investigation at KPMG, after the Big Four auditor’s UK chairman stood down over comments made earlier this week. Bill Michael was seen addressing several points on a video call, telling staff to “stop moaning” about the pandemic, while claiming they were fortunate to be “in a very lucky sector”. This […]

Tony Blair

Shearman books Tony Blair for partnership retreat

Shearman & Sterling is set to host Tony Blair as part of its virtual global partnership retreat, The Lawyer understands, days after the major exit of an eight-strong arbitration team in Paris. The US firm will host the former UK Prime Minister as a surprise guest speaker for its upcoming partnership retreat. Sources said the […]

Mastercard

Hearings dates set for Merricks and FX in the CAT

Following last year’s landmark judgment in the Supreme Court, the case of Merricks/Mastercard is now returning to the Competition Appeal Tribunal (CAT) for a certification hearing in late March. This will determine whether the dispute, which was recently named in The Lawyer‘s Top 20 cases for 2021, can proceed as a collective action. Up to […]

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