Showing 1 - 10 of 88
For most of us 2017 was the year when we first heard the word “blockchain”. That year also saw the value of bitcoin grow 1,300 percent and increasing interest in “digital assets” such as cryptocurrency and initial coin offerings (ICO) using blockchain technologies.
In our article of March 2018 we considered whether regulation of cryptocurrencies was on the horizon. The creation of a UK Cryptoassets Taskforce has brought this horizon closer into view, but this space remains unregulated in the UK - with some limited exceptions.
We are pleased to announce that financial lines specialists Maurice Pesso and Greg Steinberg have joined as partners in the US. The duo join from White and Williams LLP where they were partner and counsel respectively. Maurice Pesso will be based in our New Jersey office and Greg Steinberg in New York.
Case review 10/05/2019
The Z Trusts litigation relates to four judgments (three in 2015 and one in 2018) handed down by the Royal Court of Jersey in respect of the ongoing administration of eight family trusts and is another recent case where the court had to grapple with issues affecting insolvent trusts.
We are very pleased to announce that we have promoted ten lawyers to our partnership, with nine based in the UK and one in the US.
The commercial courts in offshore financial centres continue to be busy with their usual diet of shareholder and corporate disputes, insolvencies, asset tracing and trust litigation, often involving vast sums. This keeps litigators in OFCs busy, but also provides a fertile source of work for onshore lawyers, often based in London, Hong Kong and elsewhere.
On 8 November 2017, the FCA launched a wholesale market study to assess how competition was working in the broking sector, specifically in respect of insurance and reinsurance for large, complex and specialist risks in both Lloyd’s and company markets.
Case review 07/03/2019
Trustees faced with a “momentous” decision concerning the affairs of a trust are well advised to seek prior sanction from their supervising court. This will help protect the trustee (and its professional indemnity insurers) from exposure to claims for breach of trust relating to the decision.
In the introduction to the Financial Conduct Authority’s ‘Climate Change and Green Finance’ discussion paper (DP18/08), it states that ‘climate change is likely to have a significant impact on the UK’s economy and financial services markets’. This view is widely accepted and, as such, is – or certainly should be - a priority area for financial institutions.
A rise in anti-globalisation and anti-business sentiment in the years following the financial crisis and apparent corporate governance failings in companies have forced the government to address these issues by introducing a new Corporate Governance Code 2018.