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Latest Briefings

Guernsey’s Handbook on Countering Financial Crime and Terrorist Financing revised

On 12 March 2019, the Guernsey Financial Services Commission (GFSC) published the final version of the revised Handbook on Countering Financial Crime and Terrorist Financing(the Handbook). The revisions to the rules and guidance in the Handbook, together with the revised legislation (the new Schedule 3 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, […]

Activities requiring data protection impact assessment under Luxembourg law

By Anne-Gaëlle Delabye, Bertrand Géradin, Tara Kapur The Luxembourg National Data Protection Commission (Commission nationale pour la protection des données, CNPD) has published a list of processing operations which require a mandatory data protection impact assessment in accordance with article 35 of the General Data Protection Regulation (GDPR). What is a data protection impact assessment […]

New property transfer tax law

By Branimir Rajšić As of 1 January 2019, a new Property Transfer Tax Law is applicable for the transfer of property in the capital of Bosnia and Herzegovina, Sarajevo, and the entire Sarajevo Canton (published in the Official Gazette of the Sarajevo Canton no. 28/18). The new law regulates tax issues on real estate transfers, as well […]

Contribution regulation for company managers

By Branimir Rajšić Under the new Contributions Act, mandatory insurance now covers management board members, executive directors and liquidators in companies, unless they have mandatory insurance on another basis. When appointed to those functions (even when not employed), they are obliged to pay contributions on a monthly basis. This obligation includes contributions for pension insurance […]

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Rowe & Maw poised to vote on Mayer Brown merger

Rowe & Maw awaits results of US vote; London set to gain three board positions As The Lawyer went to press, Rowe & Maw partners were about to vote on a merger with Mayer Brown & Platt that would give its London presence a powerful place within the management structures of a global firm.Under the […]

Liable to catch on

After the initial excitement, enthusiasm for LLPs has dwindled. But after Withers announced it was about to take the leap, Jon Robins asks: who will be next? “It seems too good an opportunity to miss not to convert to a limited liability partnerships [LLP]. I’m sure that other firms are queuing up behind us.” So […]

Linlaters opens Portuguese office

Linklaters is to launch an office in Portugal, enabling it to target clients across the whole Iberian Peninsula The magic circle firm has hired five Portuguese lawyers and their team. The group left Lisbon firm Morais Leitão J Galvão Teles & Associados in September last year.Corporate rainmaker Jorge Bleck, securities lawyer António Soares, project finance […]

Nelsons construction dept suffers exodus

A sizeable chunk of Nottingham-based firm Nelsons’ construction team has departed for local rival Browne Jacobson The move comes as Nelsons restructures its construction department following the loss of key partner Leslie Gray, who died in the Hatfield rail disaster.Partner Russell Deards has moved to the Nottingham office of Browne Jacobson together with a solicitor […]

Pillsbury cuts first year salaries as technology downturn impacts

San Francisco-based Pillsbury Winthrop has sliced $10,000 (£7,000) off its salary for first year associates The move comes as Bay Area firms fight the technology slowdown through a variety of cost-cutting initiatives.This year, the firm’s new associates will receive an annual salary of $125,000 (£87,500), down from $135,000 (£94,500). Pillsbury’s stance on remuneration mirrors similar […]

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