Survival tactics

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Latest Briefings

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grant freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

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IT's all in a day's work

John Irving is an associate director of BDO Stoy Hayward Management Consultants Chambers are waking up to idea of networking PCs to share database information Whenever I walk through one of the Inns of Court, a glance through the windows indicates that most of the offices, on the ground floor at least, are well equipped […]

Mayers' London partner defects to Bakers

US FIRM Mayer, Brown & Platt partner Peter Gaines has quit his post in the firm’s London office to join the UK banking team of rival Chicago practice Baker & McKenzie. Gaines, who worked for Mayer Brown for 20 years – including a five-year stint in London – last week started leading Baker & MacKenzie’s […]

You pay your money…

Lawyers often regard accountants as a necessary evil but according to an exclusive survey commissioned by The Lawyer and Baker Tilly, more law firms have been switching allegiance if they are dissatisfied with the services provided by their accountancy firm. In last year’s survey, over 74 per cent of law practices remained with the same […]

Private firms may run courts

Private corporations tendering for the contract to run the UK’s court computer systems could end up running most of the systems. The process is already under way for a planned handover around May next year but despite a statutory requirement the Lord Chancellor’s Department (LCD) has not consulted the judiciary in full on its plans. […]

Gibraltar implications. A conflict of standards makes all the difference

The European Court of Human Rights gave its first judgment on Article 2 of the European Convention on Human Rights, the right to life, in the case of McCann and Others vs United Kingdom 27.9.95, Series A, vol 324. The court found by a majority of ten to nine that the procedure and planning leading […]

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