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Latest Briefings

Guernsey introduces revised Handbook on countering financial crime and terrorist financing

On 12 November 2018 the Guernsey Financial Services Commission (GFSC) issued a revised Handbook on Countering Financial Crime and Terrorist Financing (the Handbook). Put simply, the Handbook is a statement of the standards expected by the GFSC of all ‘Specified Businesses’ in the Bailiwick. The Handbook now applies to both financial services businesses and prescribed […]

Comparison of Laws in Bermuda, the Cayman Islands and the British Virgin Islands Relating to Limited Partnerships

This publication has been prepared for the assistance of those who are considering the formation of an exempted (or international) limited partnership in an offshore jurisdiction such as Bermuda, the Cayman Islands (“Cayman”) or the British Virgin Islands (“B.V.I.”) for the conduct of business outside such jurisdiction. This publication touches on, but does not deal […]

Cayman Islands Exempted Companies

This publication has been prepared for the assistance of those who are considering the formation of companies in the Cayman Islands (“Cayman”). It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities. It is not intended to be exhaustive but merely to provide brief details and […]

Guide to Establishing Hedge Funds in the Cayman Islands

The Cayman Islands is a world leader in the establishment of offshore hedge funds. Its tax-neutral platform, stable economy, sophisticated banking sector, confidentiality and professional financial service industry are just some of the reasons the location is attractive to hedge fund managers the world over. To help fund managers decide whether the Cayman Islands is […]

Directors Registration and Licensing in the Cayman Islands

This publication has been prepared for the assistance of proposed directors of Cayman Islands mutual funds and certain Cayman Islands securities investment business companies. It deals in broad terms with the requirements of Cayman Islands Law and is not intended to be exhaustive but merely to provide brief details and information which we hope will […]

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Liquid assets

Organisation: awg plc Sector: Water and asset management FTSE 250 ranking: 30 Market capitalisation: £1.6bn Employees: 4,000 in the UK and a total of 10,000 worldwide Legal capability: 11 solicitors and 10 support staff Head of legal: Patrick Firth Reporting to: Group finance director Elliott Mannis Main location for lawyers: Huntingdon Main law firms: Herbert […]

Dr Martens wins lawyer from Abbey

R Griggs Group, the company which makes the Dr Martens brand, has appointed William Johnson from Abbey National as group lawyer and company secretary. The hire comes as part of an internal restructure. Johnson will be based at the company’s Northamptonshire headquarters. He joins on 1 May from Abbey National after four years of service […]

Law Society pushes NY bar to change qualifying rules

The Law Society is calling on the bar associations of New York to support it in a bid to relax the rules for UK lawyers trying to requalify to practise there. New York currently makes a distinction between solicitors who qualified with degrees in law and those who did non-law degrees. The former are allowed […]

MoFo ditches pay banding system for associates

San Francisco firm Morrison & Foerster (MoFo) is taking the unusual step of abandoning its traditional banded pay system for associates. Historically, the firm has given hourly-based bonuses on top of basic pay, which was set for each year group, but is to start paying all associates according to individual evaluations. It is believed to […]

B&M boosts Germany with two partners

Baker & McKenzie has strengthened its German offices with the appointment of a tax partner and an M&A partner. M&A partner Andreas Hoffmann joins the Munich office and tax partner Christian Birkholz joins the firm’s Berlin office. Hoffmann joins from the management board of Advanced Medien, which has now been taken over by EMS New […]

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