06/25/2020
Update on Cayman Islands Private Funds Law and Regulation
The rules recognise that certain private funds do not prepare marketing materials, and do not require them to do so.
Legal
06/25/2020
Health and Wellness - Employers Duties
With the current state of COVID-19, many employees are in the midst of now returning to work and others who have been working at home are returning to the workplace
06/25/2020
The demise of IBOR: key considerations to prepare for the phase out
A number of bank issuers have already started to make the proactive step to transferring their older legacy deals that will cross over into 2021 to alternative rates.
06/25/2020
Ogier advises five leading international banks on States of Guernsey Covid-19 credit facility
Ogier's banking and finance team in Guernsey, with onshore Counsel Clifford Chance, advised HSBC as the lead agent for the syndicate of banks.
06/24/2020
Practically Speaking: Episode six - Demystifying the continuation or re-domiciliation of foreign companies
Episode six - Demystifying the continuation or re-domiciliation of companies into or out of the BVI
06/24/2020
Walkers Hong Kong Advises Garuda Indonesia
The Walkers team was led by Hong Kong partner Nicholas Davies and assisted by associates Sonya Saxena and Anni Dai.
06/23/2020
Grand Court provides jurisdictional guidance on section 92(c) of the Companies Law and its application to exempted limited partnerships
The Limited Partnership Agreement provided that the term of the Fund expired in March 2012, or no later than March 2014.
06/23/2020
Black Swan may yet prove to be a phoenix rising from the ashes
This decision is significant as for the past 10 years the courts of the British Virgin Islands have regularly granted freezing orders under the so-called Black Swan jurisdiction
06/23/2020
Warranty Claims: On Time, But too Late?
That explains the due diligence that is usually conducted by buyers, where the buyer and its advisors scrutinise the target company and its assets and liabilities in rigorous detail.
06/23/2020
Migration of Non-Jersey Limited Partnerships into Jersey: New Regulations
Update prepared by Felicia de Laat (LP Partner, Jersey), Tim Morgan (Partner, Jersey) and Ben Robins (Partner, Jersey).
06/23/2020
The Mauritius Financial Services Commission Issues its Revised Guide to Fitness and Propriety
Being “fit and proper” means an applicant and/or licensee is, on the balance of probabilities, competent and capable of carrying out business in a manner that is both honest and correct.
06/23/2020
Appleby Asia Group Head is REcognized in the IFLR1000 Women Leaders List 2020
Women Leaders recognises the leading female transactional lawyers in the world.
06/23/2020
This time it's personal: Grand Court of the Cayman Islands recognises minority shareholder rights to bring a direct personal claim
In August and September 2018 the Company issued over $500 million in convertible bonds to a number of subscribers
06/22/2020
Trustees' Disclosure Obligations in Guernsey- Requests from Beneficiaries
Given the stakes, it is important that trustees properly understand their disclosure obligations so they can determine when and if they should provide the information sought.
06/22/2020
Orange ordered to pay rival Digicel close to $280m
France’s competition watchdog found in 2009 that Orange had hindered the rise of rivals in these markets, notably by signing exclusivity agreements with independent distributors and repair shops, prompting Digicel to sue for damages.
06/22/2020
Ireland update: EBA ICT and risk management guidelines apply from 30 June 2020
Risk of loss due to breach of confidentiality, failure of integrity of systems and data, inappropriateness or unavailability of systems and data or inability to change information technology within a reasonable time
06/22/2020
Defining the paramater of ‘economic substance’ in UAE's new law
Foreign-owned businesses will need to offer more transparency to pass UAE’s ESR benchmark
06/22/2020
The importance of Fund Due Diligence by Limited Partners
This supports the work carried out by Limited Partners' internal teams in reviewing fund terms, in particular the calculation of management fees, fund versus manager expenses, borrowing limitations and hurdles for carried interest.
06/21/2020
Luxembourg's Impending Professional Guarantee of Payment Regime, 2020
Luxembourg is a civil law jurisdiction where the Napoleonic (French) civil code originally constituted the framework of its contract law.
06/21/2020
Appleby Contributes To Inaugural Blockchain 2020 Guide For Chambers Global
Unsurprisingly, given the Cayman Islands’ longstanding leadership in the funds space, tokenised funds harnessing the benefits of blockchain technology have been one of the early successes.”