Campbells is pleased to announce the promotion of Liam Faulkner to Partner in our Cayman Islands Litigation, Insolvency and Restructuring Group.
As a result of the OECD’S global Base Erosion and Profit Shifting (“BEPS”) initiative and the EU Code of Conduct Group substance requirements modelled on BEPS Action 5, the Cayman Islands has enacted The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) and issued related Regulations and Guidance Notes. Similar legislation has been introduced in numerous jurisdictions, including the Channel Islands and the British Virgin Islands.
The 19 February 2019 judgment of the Grand Court of the Cayman Islands in VRG Linhas Aereas S.A. v Matlin Patterson Global Opportunities Partners (Cayman) II L.P. & Ors is a rare example of the Grand Court refusing to enforce a foreign arbitral award, here on the grounds that the defendants were not parties to the arbitration agreement pursuant to which the award was rendered and that, even if they were, the award went beyond the scope of the arbitration agreement such that its enforcement would be contrary to the principles of natural justice and public policy.
The last few years have seen a steady flow of Chinese businesses choosing to incorporate entities in the British Virgin Islands, and Chinese lawyers seeking knowledge on the uses and advantages of BVI structures for their clients’ transactions. Partner, Ashley Davies, discusses what has perked the Chinese interest in the BVI in a recent issue of the China Law Practice.
Brian Child and Matthew Freeman analyse the British Virgin Islands insolvency regime in the Chambers Global Practice Guide 2019.
Guy Manning, Mark Goodman and Guy Cowan analyse the Cayman Islands insolvency regime in the Chambers Global Practice Guide 2019.
Campbells is pleased to announce that Guy Manning, Head of our Litigation, Insolvency & Restructuring Group, reached the South Pole on 13 January 2019. In doing so he completed the penultimate leg of the Explorers’ Grand Slam, the challenge of climbing the Seven Summits and skiing to both Poles.
In this Q&A Guy Manning and Kirsten Houghton provide an overview with regard to third-party funding of litigation as part of the Getting the Deal Through 2019 Cayman Islands Guide.
In early January, Campbells Partner Guy Manning will set off to ski to the South Pole. The expedition is the penultimate leg of Guy’s attempt to complete the “Explorers’ Grand Slam” of climbing the Seven Summits and reaching the North and South Poles.
Campbells, in partnership with the Cayman Islands Association of Mediators and Arbitrators, (CIAMA) will be hosting a seminar on The Role of Insurers in Mediation of Disputes.