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Insights
Jul 25, 2025

Legal Privilege – the King has been advised – the Shareholder Rule no longer applies under English Law

Yesterday in a landmark decision, Jardine Strategic Limited v Oasis Investments II Master Fund Ltd and others, the Privy Council, on appeal from Bermuda’s Court of Appeal, has changed the law. “The status-based automatic Shareholder Rule is therefore now, and in truth has always been, a rule without justification. Like the emperor wearing no clothes in the folktale, it is time to recognise and declare that the Rule is altogether unclothed” [para 82].  Under English and Bermudian law, shareholders (and former shareholders) are no longer entitled to legally privileged communications belonging to the company …
Blog Post
Jul 23, 2025

Here We Go Again - Risk Factors and Other Reminders for Upcoming Quarterly Reports

In April, companies were faced with addressing the impacts of tariffs and a global trade war, as discussed in our April 8, 2025 post.  Companies now find themselves grappling with the need to re-address these issues in light of the possible August 1st effective date for additional tariffs, the impact of recent and potential trade deals and other developments.  Companies should give consideration to updating, among other things, risk factors, MD&A, guidance and forward-looking disclosures.
Insights
Jul 22, 2025

HK Security of Payment Ordinance – new rules regarding setting aside and enforcement of adjudication determinations

On 11 July 2025, the Hong Kong Government gazetted the Construction Industry Security of Payment Rules (“Rules”)[1]. The Rules, made by the Chief Judge of the High Court under section 50 of the Construction Industry Security of Payment Ordinance (Cap 652) (“SOP Ordinance”), provide the practice and procedure to be followed in respect of applications to set aside or enforce a determination made in adjudication proceedings (“Applications”) under sections 48 and 49 of the SOP Ordinance.

News & Insights

Insights
Jul 25, 2025
Legal Privilege – the King has been advised – the Shareholder Rule no longer applies under English Law
Yesterday in a landmark decision, Jardine Strategic Limited v Oasis Investments II Master Fund Ltd and others, the Privy Council, on appeal from Bermuda’s Court of Appeal, has changed the law. “The status-based automatic Shareholder Rule is therefore now, and in truth has always been, a rule without justification. Like the emperor wearing no clothes in the folktale, it is time to recognise and declare that the Rule is altogether unclothed” [para 82].  Under English and Bermudian law, shareholders (and former shareholders) are no longer entitled to legally privileged communications belonging to the company …
Blog Post
Jul 25, 2025
Minnesota Delays PFAS Reporting Deadline Six Months to July 1, 2026
News
Jul 24, 2025
BCLP Recognised in the Chambers High Net Worth Guide 2025
Insights
Jul 24, 2025
Pleading Standards for Prohibited Transaction Claims: What Is Next?
Blog Post
Jul 23, 2025
Here We Go Again - Risk Factors and Other Reminders for Upcoming Quarterly Reports
In April, companies were faced with addressing the impacts of tariffs and a global trade war, as discussed in our April 8, 2025 post.  Companies now find themselves grappling with the need to re-address these issues in light of the possible August 1st effective date for additional tariffs, the impact of recent and potential trade deals and other developments.  Companies should give consideration to updating, among other things, risk factors, MD&A, guidance and forward-looking disclosures.
Insights
Jul 22, 2025
Transforming Saudi Arabia's Hotel Industry: Recent Licensing Reforms
Insights
Jul 22, 2025
HK Security of Payment Ordinance – new rules regarding setting aside and enforcement of adjudication determinations
On 11 July 2025, the Hong Kong Government gazetted the Construction Industry Security of Payment Rules (“Rules”)[1]. The Rules, made by the Chief Judge of the High Court under section 50 of the Construction Industry Security of Payment Ordinance (Cap 652) (“SOP Ordinance”), provide the practice and procedure to be followed in respect of applications to set aside or enforce a determination made in adjudication proceedings (“Applications”) under sections 48 and 49 of the SOP Ordinance.
News
Jul 22, 2025
Launching BCLP’s First Responsible Business Report
Insights
Jul 22, 2025
NEW YORK'S SWEEPING ALGORITHMIC PRICING REFORMS – WHAT RETAILERS NEED TO KNOW