Walkers Launches Compliance Services Offering

Walkers Compliance complements Walkers' legal, corporate and fiduciary services to deliver a one-stop-shop for clients looking to use the Cayman Islands jurisdiction for their business needs.

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Brexit

Following the result in the United Kingdom's EU referendum, Walkers has created a Brexit page dedicated to providing our clients relevant information about the jurisdictions in which we practise.

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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 Oct2018
Admissions April2019

Walkers Announces Admissions of 50th and 51st Caymanian Attorneys-at-Law

We are pleased to announce that Articled Clerks Gemma Cowan and Sophie Dibb have completed their legal training, both being called to the Cayman Islands Bar. 

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Jersey & Guernsey Funds are Future-Proofed for UK and EU Access – However Brexit Unfolds

Jersey's and Guernsey's status as pre-eminent international financial centres for investing in the UK and Europe post-Brexit has been reaffirmed following the new Memorandum of Understanding ("MoU") for each jurisdiction signed on 12 March 2019.

The separate MoUs between the UK Financial Conduct Authority (FCA) and each of the Jersey Financial Services Commission ("JFSC") and the Guernsey Financial Services Commission ("GFSC") provide certainty that Jersey and Guernsey domiciled funds will still have access to UK investors and capital post-Brexit, once EU law ceases to apply in the UK. Jersey and Guernsey funds will be able to continue marketing to UK investors using the private placement regime.

In addition, Jersey and Guernsey domiciled funds will continue to have access to European investors in the same way as usual through the National Private Placement Regimes ("NPPRs") of EU Member States. As each of Jersey and Guernsey is a 'third country' to the EU, NPPRs provide a quick, efficient and low-cost alternative to the full Alternative Investment Fund Managers Directive (AIFMD) passport. These bilateral agreements between the JFSC or the GFSC and EU Member States' regulators mean that Jersey and Guernsey domiciled funds can be marketed into the EU through a tried and tested regime. Brexit will not impact upon these agreements.

This demonstrates that Jersey and Guernsey continue to provide stability, confidence and certainty for managers as leading funds jurisdictions during uncertain times.

Walkers Bermuda further invests in Professional Services with Strategic Expansion

In response to client demand, Walkers has expanded its corporate services offering to deliver a full range of professional services to its growing client base.

Since opening its doors in 2016, Walkers Bermuda* has grown at a rapid pace and launched Walkers Professional Services in late 2017 and recently expanded the operation to include new services and experienced new hires. The professional services team now includes four specialists who have significant previous experience at local and international companies. The team now comprises Heather Kitson (Director, Professional Services), Samantha Kyme (Vice President, Professional Services), Kim Armstrong (Team Manager, Corporate Services) and Shalamar Coddington (Corporate Services Administrator). Further recruitment is expected in the coming months.

Walkers Professional Services now includes resident independent director services, registered office and corporate administration, regulatory compliance (including AML/ATF), corporate governance and board advisory and fully outsourced corporate secretarial services. Walkers also acts as a BSX listing sponsor.

The Professional Services team works closely alongside the law firm, Walkers Bermuda, which was recently ranked highly in the global legal directory, Chambers and Partners, which recognised the firm for its work on 'large, complex transactions' and the team's dedication to delivering 'proactive, technical and commercial' excellence.

Kevin Taylor, Walkers Bermuda Managing Partner said, "2018 was an exceptionally strong year for us and the decision to grow our professional services arm is aligned with our on-going strategy of targeted expansion and continuing to service new business in Bermuda. We are delighted to offer additional professional services to our clients, thereby providing a fully integrated "one stop shop".

Jonathan Betts, Partner and Head of the Corporate, Finance and Funds Group added, "We are pleased with the continuing growth of our Walkers Professional Services team and the expanded services we now provide. We have already exceeded our expectations in terms of growth and I am very excited by the quality of the team we have assembled and the breadth and depth of their experience in the Bermuda market, particularly in the financial services, insurance and reinsurance sectors."

*Walkers works in exclusive association with Kevin Taylor, trading as 'Walkers Bermuda', a full service commercial law firm providing advice on all aspects of Bermuda law.

Walkers to Sponsor Jersey Junior Lawyers Association 2019 Event

Walkers is proud to sponsor the Jersey Junior Lawyers Association (“JJLA”) 2019 educational event which is to be held on Thursday 7 March, at the Jersey Museum, at the Weighbridge.

Walkers has supported the JJLA since it was established in 2015, has two lawyers on the committee and is committed to backing the association and its aims. Jonathan Heaney, Managing Partner at Walkers, said: “Walkers are delighted to support the JJLA and sponsor this event and we hope to see many young professionals in attendance. We encourage our junior lawyers to become members of the JJLA as it is a great opportunity for networking, as well as educational development”.

This year’s educational event is headlined by Senator Ian Gorst, who will be discussing Brexit and its impact for Jersey, with further talks given by Lisa Springate (Head of Technical at Jersey Finance) and Julian Lamb (Deputy Registrar/Director, Jersey Registry).

Whilst JJLA events are usually held exclusively for members, given Walkers’ sponsorship of this event and the high profile speakers, the JJLA committee are delighted to extend invites to the educational event to other professionals.

Membership of the JJLA is open to Jersey student lawyers, trainee lawyers and those with up to four years’ post-qualification experience. Feedback from the market is that the association and the events they host are hugely valued by JJLA members, with NQs who have recently moved to the island finding the networking opportunities it provides particularly beneficial.

In addition to the upcoming educational event, JJLA members can also look forward to another exciting JJLA event later this month with the association hosting a black tie ball on Friday 15 March.

For further information on the JJLA and its upcoming events, please see the association’s website (here) and if you are interested in either attending the educational event, or joining the JJLA, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

Walkers' Jersey IWD Event a Success

On Friday 8 March 2019 Walkers Jersey hosted an afternoon event: Taking Gender off the Agenda #BalanceforBetter, to celebrate International Women's Day. Over 100 attendees joined Walkers to analyse the role of Jersey and its businesses in creating a gender balanced world and celebrate diverse female role models.

The event was focused on keynote speeches, including a fascinating journey through Jersey's historical female figures with Linda Romeril of Jersey Heritage. This was followed by Susie Pinel, Jersey's Minister for Treasury and Resources for Jersey, who told the story of her personal journey. Susie also announced her commitment to change the way married couples are taxed in Jersey by 2021. The final speaker of the day was Charlotte Valeur, the Chair of the Institute of Directors and founder of Board Apprentice. Charlotte suggested some forward thinking ideas to progress gender equality, including changing the wording of maternity/paternity leave and using the words 'family planning' to reflect a family issue rather than a women's issue.

Following the keynotes, Walkers partner Noeleen Ruddy led an interactive panel discussion which included Jess Perchard, Mike Byrne, Dan Read and Lorraine Wheeler. Discussing topics from same sex marriage to gender pay gaps, the panel discussion was the perfect finale before networking and canapés.

Walkers partner Alexandra Corner commented "We are delighted that so many of our clients and colleagues were able to attend our International Women's Day event. Walkers has a long history of investing in female staff and raising awareness of gender diversity and the opportunity to share these values with Jersey and celebrate International Women's Day was fantastic".

 

IWD 2019

Walkers to Host Equality Awareness Seminars With the States of Guernsey

The States of Guernsey's Committee for Employment and Social Security has recently launched three new educational initiatives relating to equality, inclusion and accessibility. The Committee launched the initiative in November 2018, inviting local charities, businesses and individuals to apply for grants to deliver training on the following four themes: Reasonable adjustment; What does disability mean?; Human rights & equality in Guernsey; and Discrimination in Guernsey.

Walkers Employment Team, Louise Hall, Sarah Ash and Victoria Pratt made four applications to The Committee to cover each topic, all of which were successful.

With The Committee supporting all four bids, Walkers have designed a four part seminar series, specifically designed for Employers starting on 21 March with the topic "Human Rights and Equality: Challenging the way we think as Employers".

Other successful applicants include the Equality Working Group and the Guernsey Society for Physically Disabled People.

Walkers' Senior Counsel Sarah Ash said, "I am delighted that our Employment team at Walkers has been successful in all four of our applications to run Employer focused training sessions for each of the awareness raising topics that the States of Guernsey has identified. As discrimination law extends in Guernsey to include disability, and the introduction of further protected characteristics will also be considered in the Autumn, it is going to be imperative that Employers are informed and prepared for what these changes will mean for their businesses. We are looking forward to delivering practical and interactive sessions for Employers to help them navigate the changes ahead effectively, without disruption to their businesses and in the most positive and constructive way for their employees."

 

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