Colette Wilkins QC to Head Walkers Asia Litigation Practice

Walkers is pleased to announce that Cayman Islands partner, Colette Wilkins QC, will be relocating to the firm's Hong Kong office to lead its Asia litigation practice from January 2022.

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Walkers Expands Market Leading Professional Services to the BVI

Walkers is pleased to announced that Walkers Professional Services (WPS) is expanding its operations to the British Virgin Islands.

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Walkers Launches Online AML Training Solution in Bermuda

Walkers Professional Services has announced that it has launched an innovative e-Learning Anti-Money Laundering Training platform in Bermuda.

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Walkers London Celebrates 20th Anniversary

Walkers is pleased to announce that its London office is celebrating its 20th anniversary.

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Walkers Tops Market Leading Rankings in Chambers Global Again

Walkers leads the way with 10 "Band 1" practice area rankings (out of a market leading 23 practice areas) and an overall "Band 1" ranking in 'Global Offshore'.

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Events & Webinars

See upcoming virtual events and webinars.

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Walkers is a leading international law firm. We advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
GlobalMap Oct2019
Diversity

Diverse & Inclusive

At Walkers we are committed to building a diverse and inclusive workplace where everyone can feel comfortable, happy and confident in an inclusive environment.

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Ireland Update: Bulk House Purchases Stamp Duty Measure Enacted With Housing Authority Leaseback Refund Provision

The Finance (COVID 19 and Miscellaneous Provisions) Act 2021 was enacted on 19 July 2021 giving statutory effect to the 19 May 2021 Financial Resolution which imposed a new stamp duty rate of 10% on the acquisition of certain types of residential units by investors. Introduced as a new Section 31E of the Stamp Duties Consolidation Act 1999, the provision was one of a series of measures introduced by the Irish government to dis-incentivise the bulk buying of residential houses and duplexes in favour of improving the availability for purchase for owner occupiers and the social housing sector.

 

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Ireland Update: Examining Recent Changes Impacting Approved Housing Bodies

Section 8 of the Housing (Regulation of Approved Housing Bodies) Act 2019 (the "Act") provided for the establishment of an Approved Housing Bodies Regulatory Authority (the "Regulatory Authority") tasked with monitoring and overseeing the corporate governance and financial management of all voluntary and co-operative housing bodies when performing their functions, under the Act. This Regulatory Authority was formally established on 1 February 2021 by the Minister for Housing, Local Government and Heritage, Darragh O’Brien TD. The establishment of a regulatory framework in this sector represents a significant change in terms of the oversight that will now come into play for the 500 or so registered approved housing bodies ("AHB") in Ireland.

To read our advisory, which gives background information on AHBs, an overview of functions performed by the Regulatory Authority, changing rules and next steps for AHBs, click here: 

 

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英属处女群岛商业法院就有关鲁南制药集团股份有限公司的长期纠纷案件作出判决

英属处女群岛("BVI")法院在有关一家中国大型制药公司股份所有权的长期争议的一项判决中,显示BVI法院对于涉及中国资产和涉及广泛性的BVI及中国法律问题之复杂跨境商业纠纷案件具备作出有效裁决的能力,而其中汇嘉律师事务所为其客户赵龙女士赢得了全面胜利。

于2021年7月20日,BVI商业法院就BVI一家公司的股份所有权之复杂诉讼作出有利于汇嘉客户赵龙和凯伦新时代投资有限公司(即“申索人”)的判决。该公司(“安德森”)持有一家其名为鲁南制药集团有限公司(简称“鲁南”)的中国大型制药公司的四分之一的已发行股本(简称“鲁南股份”)以及其他集团公司中的股份(与鲁南股份合称“中国股份”)。

 

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Cayman Islands Private Funds: Reminder of the CIMA Requirement to file a Fund Annual Return Form

Further to our advisory dated May 2021, any Cayman Islands entity that is registered with the Cayman Islands Monetary Authority (“CIMA”) as a private fund is required to file a Fund Annual Return (“FAR”) form each year with CIMA. The FAR form will usually be filed within six months of a private fund’s financial year end. However for private funds with a 31 December 2020 financial year end, there has been an extension to the filing deadline until 30 September 2021.

The filing deadline is now fast approaching, and it is imperative that all private funds are taking steps to prepare and submit the FAR form.

How can Walkers Professional Services (“WPS”) assist?

Preparing the FAR forms can be time consuming and administratively burdensome. WPS has a dedicated team who can assist with the preparation and submission of the FAR form, together with payment of the FAR filing fee.

If you are interested in our FAR form service for your private fund, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or speak with any of the below contacts.

Click to download advisory

BVI Commercial Court hands down judgment in long-running dispute concerning Lunan Pharmaceutical Group Limited

Walkers has secured a comprehensive victory for its client, Ms Zhao Long, in a long running dispute regarding the ownership of shares in a significant PRC pharmaceutical company in a judgment of the BVI Court demonstrating the BVI Court's ability to effectively adjudicate complex cross-border commercial disputes involving PRC assets and wide ranging questions of both BVI and PRC law.

On 20 July 2021, the British Virgin Islands (“BVI”) Commercial Court handed down judgment in favour of Walkers' clients, Zhao Long and Kunlun Newcentury Investment Holdings Co Ltd (the "Claimants") in a complex litigation concerning the ownership of shares in a BVI company (“Endushantum”) which in turn holds a quarter of the issued share capital of a significant PRC pharmaceutical company called Lunan Pharmaceutical Group Limited (“Lunan” and the “Lunan Shares”) as well as shares in other group companies (together with the Lunan Shares, the “PRC Shares”).

From 2011, the shares in Endushantum were held by a BVI trust for the benefit of the founder of Lunan, Mr Zhao Snr (the “Zhao Trust”). Shortly before his death in 2014, Zhao Snr executed instructions to transfer title to the shares in Endushantum to his daughter, Ms Zhao Long. Those instructions were not followed. Justice Jack held that a transfer of shares in Endushantum, the issuance of new shares in that company to third parties and the establishment of a new BVI trust following the death of Zhao Snr was a breach of the Zhao Trust. The Judge has found that the third parties receiving shares in Endushantum were knowing recipients and the Claimants, Ms Zhao Long and another BVI company, are entitled to the return of the shares in Endushantum.

 

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