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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 […]

Recommended

Corporate legal departments opt for the intranet approach

Computer-aided: Camerons’ merger with McKennas might have been delayed if their IT systems had been incompatible The intranet concept – in which Internet-style technology is used in a private, company-wide network – is to be used for the first time by a corporate legal department, says US company Corprasoft. Chief Legal Officer, the database management […]

Hitting the right set

Kate McNally looks at the challenges facing the Pach system in its second year. Kate McNally is a freelance journalist. The second year of the controversial Pupillage Application Clearing House (Pach) is under way. It now remains to be seen whether the changes implemented ahead of this year’s application process have ironed out some fairly […]

Cornish to join PW's legal arm

Top commodities lawyer Martin Cornish, the senior partner of MW Cornish Batty & Co, is believed to be poised to join Arnheim & Co, the law firm tied to accountancy firm Price Waterhouse. Both Cornish and Paul Downing, head of PW’s European legal network, would neither confirm nor deny the move but if it goes […]

Self-regulation under attack

A key chunk of the Law Society’s regulatory powers – affecting solicitor investment managers – is to come under early government scrutiny with the launch of a review of the financial services industry. Although the review was not mentioned in last week’s Queen’s Speech, The Lawyer understands Treasury minister Helen Liddell has already put one […]

Top Irish practice opens second overseas office in California

A Leading Irish firm Matheson Ormsby Prentice has announced the opening of a second overseas office in Palo Alto, in the heart of America’s Silicon Valley. The office is staffed by senior associate Deirdre Dunne, and will be supported from Dublin by tax partner Liam Quirke and head of financial services David McGeough. Between them […]

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