Nearly 40% of dirty money is laundered in London and UK crown dependencies – The Guardian

Posted May 15th, 2024 in Cayman Islands, London, money laundering, news, statistics by sally

‘Nearly 40% of the dirty money in the world is going through the City of London and other crown dependencies, the UK’s deputy foreign secretary has said.’

Full Story

The Guardian, 14th May 2024

Source: www.theguardian.com

Case Comment: Byers and others v Saudi National Bank [2023] – UKSC Blog

Posted March 27th, 2024 in appeals, breach of trust, Cayman Islands, equity, insolvency, news, Supreme Court, trusts by sally

‘In this post, Adam Ferris (Senior Associate) in the Finance Disputes Team at CMS and Henry Powell (Associate) in the Real Estate Disputes Team at CMS comment on the judgment of the Supreme Court in Byers and Ors v Saudi National Bank [2023] UKSC 51, which was handed down on 20 December 2023.’

Full Story

UKSC Blog, 26th March 2024

Source: ukscblog.com

Lawyer Dinah Rose KC sues the Times for libel – The Guardian

‘A leading lawyer is suing the Times for libel over a report relating to a complaint against her to the barristers’ watchdog for England and Wales.’

Full Story

The Guardian, 6th February 2023

Source: www.theguardian.com

The Cab Rank Rule – Oxford Human Rights Hub

‘In his blog for the Human Rights Hub, Edwin Cameron criticised Ms Dinah Rose QC, the President of Magdalen, for accepting the brief, in the Privy Council, to defend the Cayman Islands government’s law against same-sex marriage. Having long been one of my few judicial heroes, it is not easy for me to disagree with Edwin. However, on this point he is, with the greatest of respect, wrong.’

Full Story

Oxford Human Rights Hub, 7th March 2021

Source: ohrh.law.ox.ac.uk

Collection of fees in receivables finance agreement must not be “arbitrary, capricious or irrational” says High Court – OUT-LAW.com

Posted August 2nd, 2017 in banking, Cayman Islands, fees, fiduciary duty, indemnities, news, receivers by tracey

‘The High Court has found that a lender must be rational when exercising its contractual discretion to charge collection fees under a receivables finance agreement. The agreement allowed for fees of up to 15%, however, the maximum chargeable for the lender to remain compliant with its duty was found, in this case, to be 4%.’

Full Story

OUT-LAW.com, 1st august 2017

Source: www.out-law.com

Charman divorce deadlock looms as top Cayman judge issues rallying call for trusts – Legal Week

Posted March 13th, 2008 in Cayman Islands, divorce, news, trusts by sally

“A leading Caribbean judge has launched a staunch defence of trusts, fuelling expectations that there will be an unprecedented stand-off between offshore and onshore judges over the landmark Charman v Charman divorce ruling.”

Full story

Legal Week, 13th March 2008

Source: www.legalweek.com