Material adverse change clauses in light of the Covid-19 pandemic
Experts from each of our key global offices provide jurisdiction specific advice and answer questions regarding the potential implications of Covid-19 on MAC clauses and acquisition agreements as a whole.
No Security over Beneficiary rights
The Royal Court recently considered, for the first time, whether it was possible to issue an arrêt (a form of distraint) over the rights of a discretionary beneficiary under a Jersey trust.
Valuation of shares in M&A deals
The continuing presence of the Covid-19 pandemic may prompt companies to consider making strategic acquisitions through mergers and amalgamations.
LIBOR Transition - A Jersey Perspective
As we discussed in our previous article ‘No More LIBOR’, the interest rate benchmark LIBOR is expected to cease after the end of 2021 and Banks and other lenders and their counterparties have been working to transition to alternative reference rates before LIBOR becomes unavailable.
Appleby Celebrates International Women’s Day
International Women’s Day is celebrated annually in support of gender equality and equal participation in global development. We asked some of the female leaders across the globe how they #choosetochallenge
The Bermuda Court has confirmed that it has the jurisdiction to remove the protector of a Bermuda trust. The test for removal is the same as that for trustees, as set out in the Privy Council case of Letterstedt v Broers and another, namely that removal is appropriate where the protector’s continuation in office would be detrimental to the execution of the trust.
At first sight, the recent decision of the UK Supreme Court in R (on the application of KBR Inc) v Director of the Serious Fraud Office [2021] UKSC 2 appears to provide a good deal of comfort to companies which are based outside the UK.
Changes to the Employment Act 2000 – Part 3
This Article is Part 3 of our series on the amendments to the Bermuda employment and labour legislation that will be coming into effect on 1 June 2021.
Acquisition agreements during Covid-19
Given the ongoing impact of the Covid-19 pandemic, it is timely for us to look closely at material adverse change clauses in the context of a business acquisition.
Fintech: advancing economies in Africa
In this article we explore the rapidly evolving African FinTech industry.
Fit and Proper in the Channel Islands – A Regulatory Enforcement Update
It is sometimes easy to forget with all that has happened over the last 12 months that there was a world before pandemics, face masks, and vaccines, and equally that there will be a world after it. However, a look back over some of the regulatory enforcement action taken by the JFSC and GFSC during this time has revealed some interesting trends, and a look across to what the FCA has been up to in the UK points to where our local regulators may be heading next on the question of who is fit and proper in relation to non-financial misconduct and #MeToo.
