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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Travers Smith

Travers adjusts requests for space in HQ negotiations

Travers Smith is considering whether it should reduce the amount of floors it is seeking to occupy ahead of a potential move to new premises, The Lawyer understands. This mirrors similar decisions taken by other firms as a result of the pandemic-spurred remote working trend. Sources in the market told The Lawyer the City firm is […]

Susanna McGibbon

UK Government names new top lawyer after Jones’ exit

The UK Government Legal Department (GLD) has appointed its next Treasury Solicitor, after Jonathan Jones QC abruptly left the division last year. The department will now be led by Susanna McGibbon, who has been the GLD’s director general for more than two years. She has been named today as Treasury Solicitor, Her Majesty’s procurator general […]

dollars

King & Spalding’s City figures lag behind global growth

King & Spalding has posted double-digit growth in its global revenue, but UK revenue was down by almost 3 per cent in 2020. The firm’s global revenue increased by 14.3 per cent, from $1.3bn to 1.5bn. However, its London revenue dipped 2.7 per cent, from $55.7m to $54.3m. Profit was up by 25 per cent, […]

Eversheds-Lee-Ranson

Eversheds reimburses staff for reduced working hours

Eversheds Sutherland is set to fully reimburse staff who lost out on pay when taking part in its flexible working scheme. Those who experienced a reduction in working hours will receive all that was deducted from their base pay during the Flex programme. Those who volunteered for the initiative but didn’t take part are also […]

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