Latest Briefings

BVI vs Hong Kong: The inconvenience of forum non conveniens

The British Virgin Islands Commercial Court in the recent judgment of Oscar Trustee Limited v MBS Software Solutions Limited BVIHC(Com) 2021/0022, once again considered whether the BVI was an appropriate forum to bring a claim. In this instance, the Defendant argued that Hong Kong was a more appropriate jurisdiction for the claim to be tried.

Securing funding with NFTs, the new kids on the blockchain

Non-fungible tokens (NFTs) have revolutionised how artists sell their art; now, artists are hoping that NFTs can revolutionise how they fund their art. Recently, the sale of collectible NFTs has funded the production of two television projects: Stoner Cats and The Gimmicks.

Economic Substance Q4 2021: Changes to BVI economic substance regime

Prior to the amendments introduced by the Economic Substance (Companies and Limited Partnerships) (Amendment) Act, 2021, the type of entities falling within scope of the BVI’s economic substance regime under the Economic Substance (Companies and Limited Partnerships) Act, 2018 included, among others, limited partnerships with legal personality. With effect from 30 June 2021, the scope of the regime was broadened to include limited partnerships without legal personality.

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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 […]

Irwin Mitchell scraps chargeable hours

Irwin Mitchell has dropped chargeable hours across the whole firm to accommodate people’s different working needs. The firm carried out a review of its time recording approach at the end of the last financial year, introducing a new model. Irwin Mitchell has traditionally had targets of around 1,500 hours, with discounts in place for various […]

Monzo

Monzo set for in-house overhaul after GC hire

Monzo’s new general counsel has outlined her plans to re-engineer the challenger bank’s lawyers to equip them for digital disruption. Stephanie Pagni joined Monzo from Barclays in March as its GC and company secretary, filling a void left by the departure of head of legal James Sullivan. Founded six years ago, Monzo was the UK’s […]

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