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Company & Commercial

29 October 2018
Andrew Thorp Are you wearing the right hat? Directors' duties revisited by Court of Appeal

British Virgin Islands - Harney Westwood & Riegels

The Court of Appeal judgment in Antow Holdings Limited v Best Nation Investments Limited continues the development of the law regarding BVI directors' duties following the Independent Asset Management appeal, which established – for the first time in the British Virgin Islands – clear guidance regarding the proper purpose test. The decision is arguably at the extreme end of the spectrum, with the court describing the motives of the Best Nation directors as self-serving.

Authors: Andrew Thorp, Sarah Thompson, Jeremy Child
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Edward Wilde Prohibitions on assignment of receivables outlawed

United Kingdom - Squire Patton Boggs

In 2014 the government recognised the benefit of outlawing prohibitions on the assignment of receivables and set about establishing the legal framework. The Asset Based Finance Association formulated the provisions for a new law to allow regulations to be made to invalidate certain restrictive terms of business contracts. These regulations have now been drafted in the form of the Business Contract (Assignment of Receivables) Regulations 2018, which await parliamentary approval.

Authors: Edward Wilde, Paula Laird, Andrew Knight
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Recent updates

Madalina Neagu All board decisions made by delegation of powers can be challenged in court

Romania - Schoenherr

Authors: Madalina Neagu, Andra Jegan
Emily Haithwaite Jersey limited partnerships

Jersey - Ogier

Authors: Emily Haithwaite, Niamh Lalor, Tara Kapur
Thomas Mundry How to conduct shareholders' agreements in Russia

Russia - Noerr LLP

Author: Thomas Mundry

Upcoming events

IBA - Private Equity Transactions Symposium

15 November 2018 – London, England

At this symposium, participants can look forward to a great opportunity to network and discuss business and legal trends with in-house speakers from leading corporations, governmental officials and expert professionals from across the world.

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ABA International Conference 2018

7-9 November – Mexico City

You are cordially invited to attend the Section of International Law’s annual Fall Conference in Mexico City. The conference, to be held at the InterContinental Presidente, presents an excellent opportunity to network and engage with a wide range of industry experts. If you conduct business in Latin America, this is a must-attend event. In addition to a fantastic programme covering hot topics and recent developments in international trade and investment, this conference will feature several evening events, including receptions at Castillo de Chapultepec and Museo Rufino Tamayo – locations which are sure to highlight Mexico’s culture and history. Stay around for tours or participate in our engagement day comprising a range of volunteer activities. Attendees are invited to join an opening plenary session on international ethics, plus more than 60+ CLE programmes on topics such as trade, dispute resolution, business, investigations and corporate matters, as well as other sector-specific topics.

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IBA Central and Eastern Europe and Central Asia Anti-Corruption Enforcement and Compliance Conference

12-13 November 2018 – Prague, Czech Republic

This new anti-corruption conference will focus on criminal liability, corporate investigations, foreign bribery, non-transparent foreign entities and regional enforcement in Central and Eastern Europe and Central Asia.

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IBA - New Frontiers of ADR: From Commercial and Investment Matters to Regulatory Violations

6-7 November, Montreal, Canada

This one-day conference will focus on the rise and challenges of mediation, investor disputes, negotiated settlements as a form of ADR and comparative approaches to ethics, transparency, third-party funding and financial interests in arbitration and mediation proceedings.

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IBA European Start-up Conference

November 15 2017 – London, England

The conference will look at current trends in the industry, best practices in supporting the life of a start-up, how to create a successful start-up ecosystem and how to build a successful legal start-up practice. The conference will hear from leading entrepreneurs, venture capitalists, dealmakers, lawyers, investment bankers and all types of investor with first-hand experience dealing with high-profile start-up companies and deals.

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