The Law Society of Jersey has this week issued guidance commenting on wrongful trading under Jersey law given the financial difficulties caused by the COVID-19 pandemic.
Pandemic-induced market dynamics could result in Class of 2020
Current insurance and reinsurance market dynamics suggest that it could be an opportune time for startups to enter the property/casualty market, according to Brad Adderley.
Derivatives – Cayman Counterparty Considerations in Market Uncertainty
In this briefing we consider the enforceability of common set-off clauses found in OTC derivative trading documentation and some key issues to be considered by derivative users looking to mitigate their financial losses when facing a Cayman counterparty in financial difficulty.
E-signatures – Who needs ink anyway?
The global spread of COVID-19 and the sustained containment protocols in place including social distancing and quarantine together with the anticipated prolonged remote working arrangements and travel restrictions, means that many of our clients are now, more than ever, requiring the use of e-signatures to ensure corporate transactions can complete where possible including the execution of transaction documents, corporate authorities and related documentation.
Electronic signing of documents and COVID-19
The COVID-19 outbreak has transformed the way we operate in all aspects of life, including and especially the way in which businesses function.
Legal considerations on non performing loans structuring
During the tremendous growth of the Chinese economy in the last decade, corporates in China were able to obtain loans from banks and other financial institutions that were equally keen to advance credit, leading to a rapid rise in debt levels. Whilst the government sought to curb corporate debt by, among other means, restricting informal borrowing (also known as ‘shadow banking’), the slowdown in the economy in the last year or so and more recently the outbreak of the coronavirus have yet again led to renewed policies to allow more loans and local government bond issuance.
Why the development of a secondary market will transform ILS
The ILS market has become an increasingly important feature in the risk transfer landscape in recent years, and is growing increasingly diverse, encompassing not only catastrophe risks but cyber and other forms of coverage.
Working (Remotely) 9 to 5 (-ish)
In the past few weeks, more employees than ever before have been forced to work remotely, whether from the comfort of their beds or at their (hastily de-cluttered) dining room tables. Working patterns have become more flexible as connectivity, home schooling and adjusting to a different way of life are incorporated into our working days.
Duties and Liabilities of Directors of Bermuda companies
During the challenging economic environment created by the COVID-19 pandemic, directors need to be especially focused on the nature and extent of their duties, to whom these duties owed and how they should be exercised in these ambiguous times.
COVID-19 – Signing of Wills in Jersey
Jersey law is not alone in having strict rules regarding the execution of wills. Except in the case of holograph wills of movables (written entirely in the hand of the testator), all wills must be signed in the physical presence of two witnesses.
Annual General Meetings and Social Distancing Restrictions in Asia
Various countries around the world have imposed social distancing restrictions in order to prevent the spread of the COVID-19 epidemic.
Collateralised insurer class lets ILS funds target broader cedent base
Bermuda’s latest addition to its insurance-linked securities (ILS) offering is the much discussed Collateralised Insurer classification of company, which partner Brad Adderley, recently explained will enable ILS funds to target a broader range of cedents.