Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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On 12 June 2013, the English Supreme Court handed down a unanimous judgment which discussed the ability of the English Family Division to treat the assets of companies wholly owned by one party to a divorce as available to that party for the purposes of ancillary relief.
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M&A bond financing: offshore high yield and convertible bond issuance
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Third party litigation funding will not infringe the laws against
champerty and maintenance and will not be contrary to the Code of 1771 -
a summary of the Royal Court's judgment in Barclays Wealth Trustees
(Jersey) Limited and Barclays Wealth Fund Managers (Jersey) Limited as
trustee and manager of the R2R Funds -v- Equity Trust (Jersey) Limited
and Equity Trust Services Limited.
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Jersey gets ready to comply with the requirements of the EU Alternative Investment Fund Managers Directive.
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On 30 May 2013, the European Securities and Markets Authority ("ESMA")
announced that it has approved cooperation agreements to be signed by
the Guernsey regulator, the Guernsey Financial Services Commission
("GFSC").
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The decision analyses whether the Fund's directors were entitled to make
an in specie redemption by the transfer of assets acquired by the Fund
after the redemption payment date and in circumstances where, on an
objective basis, there were doubts as to the value of the assets.
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ESMA approves cooperation arrangements with Guernsey
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Jersey signs regulatory co-operation agreement
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The Royal Court of Jersey has handed down its judgment in the most
recent hearing of the proceedings brought by Barclays Wealth Trustees
(Jersey) Limited and Barclays Wealth Fund Managers (Jersey) Limited as
trustee and manager of the R2R Funds against the former trustee and
manager, Equity Trust (Jersey) Limited and Equity Trust Services
Limited.
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The Cayman Islands get ready to comply with the requirements of the EU Alternative Investment Fund Managers Directive.
