Latest Briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

New LCIA Arbitration Rules: In force on 1 October 2020

The London Court of International Arbitration (LCIA) recently released its updated arbitration rules (the “2020 Rules”) which will come into force from 1 October 2020 and will apply to any arbitration commenced under the auspices of the LCIA on or after this date. The 2020 Rules, in the LCIA’s own words, aim to make the arbitral processes “even more streamlined and clear” for arbitrators and parties alike. We summarise nine key changes and one omission.

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People walking office

Weightmans launches redundancy consultation in latest restructuring exercise

Weightmans is to carry out a redundancy consultation as part of a long-term strategy to restructure its business. The consultation will affect both a small number of fee-earners and support staff, with the hope that some individuals can be redeployed elsewhere, while others will take voluntary redundancy. The cuts are not related to the coronavirus […]

London Bridge

Property dispute against Clydes gets go-ahead after High Court ruling

Parallel lawsuits against Clyde & Co and Deloitte will go ahead after the High Court ruled that the property dispute can proceed to a substantive hearing. The disputes centre around a property business that came out of insolvency in 2015. The claimants, Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL), owned several properties until […]

germany

Cum-ex saga: German minister casts doubt over future government contracts for Freshfields

Germany’s finance minster today suggested that Freshfields Bruckhaus Deringer is unlikely to receive any new contracts from the country’s government, as he addressed concerns over the ongoing cum-ex saga. Olaf Scholz was questioned in the country’s Bundestag over a range of matters related to cum-ex trading, a controversial practice that was prohibited in Germany in […]

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